Regulatory delay leads to $952 million outflow of US cryptocurrency funds

[USDC Treasury Mints 250 Million USDC on the Solana Network] According to Whale Alert data, USDC Treasury has minted an additional 250 million USDC on the Solana network.

[Circle Mints $500 Million USDC on the Solana Network] According to Onchain Lens monitoring, Circle has minted $500 million USDC on the Solana network. Since October 11, Circle has cumulatively issued $18 billion USDC on the Solana network.

[JPMorgan Considers Offering Cryptocurrency Trading Services to Institutional Clients] Bloomberg reports that JPMorgan is evaluating the possibility of providing cryptocurrency trading services to its institutional clients. According to an insider, the company's markets division is exploring potential products and services, including spot trading and derivatives trading, to expand its business presence in the cryptocurrency sector.

[Shift4 Launches Stablecoin Settlement Platform Supporting Multiple Blockchain Networks] NYSE-listed company Shift4 has launched a stablecoin settlement platform, supporting stablecoins such as USDC, USDT, EURC, and DAI. It enables 24/7 fund transfers without being restricted by traditional banking hours and covers blockchain networks including Ethereum, Solana, Plasma, Stellar, Polygon, TON, and Base.

[Federal Reserve Governor Milan Says Policy Rate May Ultimately Be Lowered] Federal Reserve Governor Milan stated that due to the U.S. government shutdown, last week's inflation data showed anomalies; he believes the U.S. is unlikely to experience an economic recession in the near term. However, if policies are not adjusted, the U.S. will face an increased risk of economic recession, and he believes the policy rate will ultimately be lowered.