BTC falls below the $122000 mark

OKX-BTC/USDT is currently trading at $124000, with a 5-minute increase of 0.02%. Please be aware of market fluctuations.

[The Federal Reserve's Overnight Reverse Repurchase Agreement (RRP) Usage on Wednesday Reached $5.231 Billion] According to Golden Finance, the Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Wednesday reached $5.231 billion, compared to $4.622 billion on the previous trading day (the lowest since April 2021).

[Binance Updates Proof of Reserves, BTC Reserve Ratio Reaches 103.50%] Binance released the latest proof of reserves (snapshot date: October 1), showing BTC reserve ratio at 103.50%, USDT at 106.87%, ETH at 100.00%, and BNB at 112.44%.

[Fed Meeting Minutes May Hint at Balance Sheet Reduction Nearing End] October 9 news: The Federal Reserve's September meeting minutes may reveal that officials are considering ending the balance sheet reduction plan. Citi economists pointed out that tightening financing conditions and the balance sheet size may have approached target levels, with increased short-term interest rate volatility possibly prompting officials to discuss the possibility of ending the reduction.

The Fiserv-powered U.S. dollar stablecoin will be available to local banks and credit unions, joining crypto experiments by U.S. states.