Michael Selig: Regulatory agencies need to be prepared for large-scale tokenization and 24/7 trading

According to data from CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged at 3.75% -4.00% at its October meeting is 45.8%, and the probability of raising interest rates by 25 basis points is 54.2%; The probability of the Federal Reserve keeping interest rates unchanged at 3.75% -4.00% until December is 10.8%, the probability of a cumulative increase of 25 basis points is 47.8%, and the probability of a cumulative increase of 50 basis points is 41.4%.

Two wallets suspected to be controlled by the same entity pledged 106410 HYPEs (worth 10.25 million US dollars) and 106180 HYPEs (worth 10.24 million US dollars) respectively, totaling 2125900 HYPEs pledged, worth 20.49 million US dollars. The related wallet addresses are 0x8bdd... 6aec and 0x1ca9... 5120, respectively.

Short term holders of Bitcoin transferred 47600 BTC to the exchange when the price approached $88000.

[Tensions in the Middle East Lead to Sharp Decline in Hormuz Strait Traffic, Trump Says Talks Will Resume] Tensions in the Middle East are escalating. Israel's defense minister stated that the Israeli military will not fully withdraw from Gaza and will strike Iran again if necessary. The Houthi forces claimed to have launched 936 airstrikes against Saudi Arabia and warned that Egypt and Turkey might become new targets. Traffic through the Hormuz Strait dropped sharply to two vessels on Monday. Iran denied reopening the strait within seven days, stating that reopening would require lifting the blockade and unfreezing assets. The Iranian president's special aircraft departed for the U.S., aiming to promote high-level meetings in New York. U.S. President Trump said talks would resume soon, with an agreement expected after the midterm elections. The U.S. has demanded that Iran abandon nuclear weapons. Saudi Arabia has restarted its east-west oil pipeline to resume exports from Yanbu, while the UK is providing defense support to Saudi Arabia. (Source: Jintou Data)

Michael Selig, Chairman of the Commodity Futures Trading Commission (CFTC), stated that regulatory agencies need to be prepared for large-scale tokenization and 24/7 trading, and adjust the market for blockchain and artificial intelligence. Michael Selig stated that the Trump administration has laid the foundation for the US market to maintain global leadership by embracing innovation and encouraging competition. The CFTC seeks to encourage market participants, exchanges, and clearing houses to responsibly adopt stablecoins.