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While DAOs promote transparency and community involvement, underlying centralized mechanisms reveal the challenges in achieving full decentralization
Platforms like Polymarket and Drift’s BET show higher probabilities for a Trump victory, reflecting current market sentiments
Also in the tokenized fund space, Franklin Templeton launches on Base and Securitize hits $1 billion in tokenized RWA onchain
As part of the deal, Arcium will take over Inpher’s core team and technology: Lightspeed exclusive
Quick Take Elizabeth Warren has been critical of the crypto industry and has been behind an anti-money laundering bill that would extend Bank Secrecy Act requirements. Republican candidate John Deaton gained support from some leaders in the crypto industry.
- 22:54The probability that the Fed will cut interest rates by 25 basis points in December is 62.8 per centAccording to the CME ‘Fed Watch’, the probability that the Fed will keep the current rate unchanged by December is 37.2%, the probability of a cumulative 25 basis points of interest rate cuts is 62.8%. The probability of keeping current rates unchanged by January next year is 28.4%, the probability of a cumulative rate cut of 25 basis points is 56.8%, and the probability of a cumulative rate cut of 50 basis points is 14.8%.
- 22:54BTC breaks above $92,000The market shows that BTC broke through $92,000, now at $92,107.94, 24-hour decline narrowed to 1.56%, the market fluctuations, please do a good job of risk control.
- 22:38Fed sound bite: Fed minutes hint at cautious rate cuts if inflation stagnatesFederal Reserve officials at their meeting earlier this month discussed the possibility of slowing or pausing interest rate cuts if progress in lowering inflation stagnates, writes Nick Timiraos, ‘The Fed's Sounding Board’. According to Fed minutes released Tuesday, officials argued that if the economy performed in line with their expectations that inflation would continue to decline steadily, then ‘a gradual move toward a more neutral interest rate setting might be appropriate.’ All 19 officials involved in the discussion agreed to cut the Fed's benchmark short-term rate by 25 percentage points, the minutes showed. Some policymakers argued that the risk of a more pronounced slowdown in the job market or the economy had diminished since the September meeting. Many of them also said there was greater uncertainty about exactly where interest rates should be set in an economy that needs neither stimulus nor monetary restraint. Those considerations ‘made a gradual reduction in policy constraint appropriate’, the minutes said.
