Chainlink repurchased 92,800 LINK tokens, worth approximately $1.07 million. This represents an increase of 4,500 LINK compared to last week, during which the price of LINK fell. CowSwap has been the trading platform used by Chainlink to execute the repurchase program since its inception.
Stan Druckenmiller posted his first tweet announcing an investment in Trade.xyz and supporting its partnership with ICE to bring Hyperliquid-based 24/7 perpetual futures to the United States, hoping to use the product to improve the investment process.
The US PCE price index rose 0.5% month-over-month and 3.6% year-over-year in September, with core prices rising 3.1% year-over-year and 0.3% month-over-month. Federal Reserve officials voted 10-2 to keep interest rates unchanged, and investors expect the Fed to raise rates again at its December meeting. (Source: Jinshi)
AI Interpretation: The unexpected rebound in inflation data shattered market optimism about a price decline. The stubborn performance of core inflation underscores the necessity of the Fed's tightening policy. The decision to maintain the current interest rate stance resonates with inflationary pressures, effectively eliminating any room for short-term rate cuts. Market pricing in a December rate hike reflects a deep confirmation of a prolonged high-interest-rate environment. This combination of measures clearly indicates that the Fed will maintain a hawkish stance to curb the inflationary rebound.
On October 29, the initial estimate of the annualized quarterly rate of real GDP in the United States in the third quarter was 3.4%, higher than the market expectation of 3.2%, and faster than the 2.2% in the previous quarter.
