[Telegram Plans to Launch Confidential Compute Open Network Cocoon in November] Telegram founder Pavel Durov stated at Blockchain Life 2025 in Dubai that Telegram plans to launch Cocoon (Confidential Compute Open Network) in November.

[Federal Reserve Policy Statement May Adjust Wording and Target Range] The Federal Reserve may adjust the wording in its policy statement, acknowledging the rebound in economic activity and removing references to inflation 'rising,' while maintaining other descriptions of inflation and employment. The statement may mention the uncertainty caused by the lack of data due to the government shutdown. Additionally, the Fed may modify the target range to reflect the rate cut decision and signal the end of quantitative tightening in this or the next meeting. Federal Reserve Governor Milan may oppose a 25 basis point rate cut and support a 50 basis point rate cut; Kansas City Fed President Schmidt may oppose the rate cut and advocate for keeping rates unchanged. These adjustments are already within market expectations.

[ADP Employment Data May Impact Fed's Confidence in December Rate Cut] Market analyst Giuseppe pointed out that the four-week employment data released by the U.S. Automatic Data Processing (ADP) company as of October 11, 2025, shows an average weekly increase of 14,250 jobs, totaling approximately 57,000 jobs, far exceeding the Dallas Fed's estimated monthly breakeven point of 30,000 jobs. The strong performance of the ADP data may make Federal Reserve Chair Powell more cautious when hinting at a December rate cut, potentially being seen as a hawkish surprise and having a significant impact on the market. Additionally, Federal Reserve Governor Waller has previously expressed support for rate cuts but recently emphasized the need for caution.

[Hercle Completes $10 Million Financing and Secures $50 Million Credit Line to Drive Stablecoin Cross-Border Payments] Hercle announced the completion of a $10 million equity financing round, led by F-Prime, along with securing a $50 million credit line to support global business expansion. The company focuses on providing end-to-end cross-border payment infrastructure for payment service providers and enterprises through stablecoin technology, aiming to reduce international settlement times from several days to just minutes. Hercle has processed over $20 billion in transactions, 90% of which were completed within 5 minutes, serving more than 200 institutional clients. Future plans include expansion into South America, the Middle East, and Africa markets, as well as strengthening regulatory compliance.

The crypto market paused midweek as traders looked to the Federal Reserve’s interest-rate call and progress on a potential U.S.-China trade agreement.