[BlackRock to Launch GENIUS Act-Compliant Money Market Fund This Thursday] According to Synoptic, BlackRock plans to launch a money market fund this Thursday that complies with the requirements of the GENIUS Act, aiming to streamline the reserve custody process for stablecoin issuers.

OKX-BTC/USDT is currently trading at $111998.30, with a 5-minute increase of 0.40%. Please be aware of market fluctuations.

[Shenyu: 120,000 Bitcoins Transferred Due to Private Key Generation Vulnerability] Cobo CEO Shenyu stated that the 2020 'Prince Group' incident involving the transfer of 120,000 Bitcoins stemmed from a private key generation vulnerability. U.S. law enforcement obtained the private key not through cracking but due to insufficient randomness in private key generation. Statistics show that over 220,000 addresses were affected by this vulnerability.

[Federal Reserve Governor Waller Supports Another Rate Cut] On October 16, Federal Reserve Governor Waller stated that he believes another rate cut is the right policy choice.

[Visa Releases Report Exploring Stablecoin Lending Potential in On-Chain Finance] Visa has released a report titled 'Stablecoins: Beyond Payments—Opportunities in On-Chain Lending,' proposing to redefine decentralized finance (DeFi) as 'on-chain finance' to better align with institutional needs and drive its development. The report highlights that since 2020, the 'on-chain finance' market has issued over $670 billion in stablecoin loans, with lending volumes expected to reach new highs by mid-2025. Stablecoins have become the cornerstone of automated credit markets. Visa envisions institutions acting as liquidity providers for programmable lending protocols, while focusing on offering data, compliance, and infrastructure services itself. Visa emphasizes that it will not issue tokens or directly fund loans but aims to attract institutional capital into the on-chain finance space through technology support without lending risk. The report also notes that Visa's strategy mirrors the traditional financial system, aiming to mainstream on-chain finance through its brand and channel advantages.