The total market value of cryptocurrencies is $2.99 trillion, with a 24-hour decline of 1.99%

[The Federal Reserve May Lower Reserve Interest Rate to Ease Financing Pressure] The Federal Reserve may lower the interest rate on bank reserve balances to address tensions in the repo market. Currently, this rate is 4.15%, 15 basis points above the lower bound of the federal funds target range. If reduced by 5 basis points, banks may redirect funds to the repo market, helping to stabilize repo rates. Analysts expect the Federal Reserve may eventually implement this adjustment but believe it is too early to decide on this matter at the October meeting.

[TAO Synergies Holdings Increase to 54,058 TAO Tokens] Publicly listed company TAO Synergies Inc. (NASDAQ: TAOX) announced that its total holdings of TAO tokens have increased to 54,058 through acquisitions and staking. This information was disclosed by the company via official channels, demonstrating its continued expansion in the blockchain asset sector.

The new Solana edition of the Gemini Credit Card lets users earn up to 4% back in SOL and auto-stake rewards for extra yield.

[Jefferies Report: Bitcoin Mining Profitability Declines in September as Network Hashrate Growth Increases Pressure] Investment bank Jefferies released a report indicating that Bitcoin mining profitability declined in September 2025. Despite Bitcoin prices remaining relatively stable, network hashrate grew by approximately 1.7%, leading to a 2.6% drop in average daily revenue per Exahash. The share of Bitcoin production by publicly listed North American mining companies rose from 19.9% in August to 22.2% in September, with Marathon Digital achieving the highest mining output at 705 BTC, followed by CleanSpark with 493 BTC. Jefferies warned that miners could face greater pressure in October. Although Bitcoin prices increased by about 5%, the network hashrate grew by 11%, further compressing profit margins.

[The Federal Reserve May Announce the End of Balance Sheet Reduction Next Week] Economists analyze that the Federal Reserve may announce the end of balance sheet reduction in next week's rate decision, due to signs of funding pressure in the repo market. Federal Reserve Chairman Powell has previously hinted at waiting for the right time to end the balance sheet reduction. It is expected that the Federal Reserve will offset maturing mortgage-backed securities by purchasing U.S. Treasury bonds to maintain the stability of the balance sheet size, while the supply of short-term Treasury bonds may decrease by approximately $20 billion per month.