1. Federal Reserve official Schmid says reserves may drop to $2.6 trillion 2. US lawmakers say Trump executive order will push for Bitcoin to be included in 401 (k) plan 3. South Korea's ruling party announces the establishment of a digital asset working group to promote cryptocurrency legislation 4. Canadian financial regulatory authorities fine KuCoin parent company CAD 19.6 million 5. Citigroup predicts that the size of stablecoins may reach $4 trillion by 2030 6. The number of initial jobless claims in the United States has decreased, and the unemployment rate has risen to a four-year high 7. The Governor of the Swiss National Bank stated that they are prepared to cut interest rates below zero if necessary 8. Two brothers arrested in Minnesota for cryptocurrency kidnapping case The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/489309

[Federal Reserve's Logan: The Fed Should Abandon the Federal Funds Rate and Adopt the Treasury-Collateralized Overnight Rate] Federal Reserve Bank of Dallas President Logan stated that the Federal Reserve should abandon using the federal funds rate as the benchmark for implementing monetary policy and instead consider an overnight rate tied to the more robust U.S. Treasury-collateralized lending market. Logan believes that the federal funds rate target is outdated, as the connection between the rarely used interbank market and the overnight money market is fragile and could break suddenly. She noted that updating the Fed's mechanism for implementing monetary policy would be part of an efficient and effective central banking system. Logan said, 'Some might argue that since everything is functioning well now, there is no need to act. But if the transmission mechanism between the federal funds rate and other money markets fails, we would need to quickly find an alternative target. I don’t think making critical decisions under time pressure is the best way to promote a strong economic and financial system.' She suggested that the Tri-Party General Collateral Rate (TGCR) could offer the most benefits. Logan pointed out that the TGCR covers over $1 trillion in transactions daily, making its changes effectively transmissible within the money market. In contrast, the federal funds market currently averages less than $100 billion in daily transactions.

[Aster Resolves XPL Perpetual Contract Anomaly, Will Compensate Affected Users in USDT] Aster announced that it has fully resolved the anomaly in the XPL perpetual contract trading pair and has committed to compensating affected users. According to the official statement, users who incurred losses due to forced liquidation during the anomaly will receive compensation in the form of USDT. The funds are expected to be directly transferred to users' wallets within a few hours. Additionally, Aster reminded users that if there are any other related issues, they can submit a ticket via Discord for assistance. The anomaly occurred between 5:37 AM and 5:43 AM, caused by a system vulnerability that led to the XPL contract price on the Asterdex platform briefly surging to $4, significantly higher than the normal price on other major trading platforms.

The current price is below the resistance of 4184, and the membership function shows that this area is a high trading volume node, with a buy sell ratio close to 1, indicating fierce long short competition. The latest 90 minute candlestick trading volume has shrunk to 35% of the average level, combined with the downward trend of the EMA24 and EMA52 double moving averages, enhancing the downward momentum and verifying the bearish signal of the member indicator. Although RSI is in the oversold zone, the KDJ death cross indicates short-term or continued weakness. If it falls below the 3896 support, it may accelerate its downward trend to the low point of 3815. Open a membership, accurately grasp the distribution of high and low points and buying and selling opportunities! The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.

[U.S. Regulators Investigate Abnormal Stock Trading of Crypto Strategy Companies] According to The Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have launched investigations into abnormal stock trading patterns of certain companies that announced cryptocurrency as their core strategy. Around 200 companies have announced related strategies this year, and some firms have already been contacted for investigation.