[Brooklyn Prosecutors Dismantle International Crypto Scam Network, Shut Down 241 Websites] The Brooklyn District Attorney's Office has dismantled an international cryptocurrency scam network centered in Eastern Europe. The network targeted U.S. users, defrauding them and stealing tens of millions of dollars. The operation shut down 241 crypto scam websites and seized 112 servers. (Source: Bloomberg)

Fitch Ratings' US Chief Economist Olu Sonora stated that the inflation report constitutes a red light warning for the Federal Reserve. Energy inflation has pushed up overall data, with core inflation still above 3%. Higher energy costs have infiltrated service prices, increasing the risk of sustained inflation. The end of month interest rate hike has entered the scope of discussion, and December is still the more likely time for action. (Source: Golden Ten Data) AI interpretation: Inflation data continues to rebound and core indicators remain high, directly breaking the market's illusion of a rapid decline in inflation. The transmission effect of energy prices has intensified inflationary pressures in the service industry, forcing the Federal Reserve to reassess the necessity of tightening policies. The resumption of interest rate hike discussions marks a shift in monetary policy towards a hawkish stance, and the market must reprice the risk of maintaining high interest rates for a longer period of time. This signal has completely put an end to the expectation of short-term interest rate cuts, and the financial environment will face significant pressure due to the expectation of policy tightening.

Affected by higher than expected inflation reports, gold and silver prices fell, and the total market value evaporated by $700 billion. （Watcher.Guru）

[The Market Fully Expects the Fed to Raise Rates Twice More by the End of January Next Year] On October 14, the market fully expects the Federal Reserve to raise interest rates twice more by the end of January next year. (Source: Jinshi)

[Polygon Labs Completes Acquisition of Coinme, Launches U.S.-Regulated Payment Platform] Polygon Labs has completed the acquisition of Coinme, and its payment infrastructure product Polygon Open Money Stack has officially become a U.S.-regulated payment platform. The platform covers 48 states in the U.S., holds 37 state-level money transmitter licenses and 11 exemption qualifications, and is registered with FinCEN as a money services business institution.