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Y Combinator, a startup incubator, released a report on the direction of cryptocurrency startups, focusing on stablecoins, asset tokenization, and AI Agents. The report states that over the past year, cryptocurrency applications have been led by institutions rather than consumers for the first time, with the main driving force shifting from speculation to actual financial needs such as hedging oil price risks and cross-border capital transfers for businesses.The report predicts that stablecoins, as well as assets like stocks, debts, commodities, and property rights, will be further tokenized. New types of assets, such as equity in startups and small securities valued under $10,000, will also be issued via blockchain, promoting financial services like trading, lending, and derivatives. AI Agents will become one of the main participants in financial activities.In the next six months, the report focuses on using blockchain to finance the AI industry, new types of dollar stablecoins and non-dollar stablecoins targeting niche markets, new banks based on stablecoins, tokenization of real-world assets, new trading platforms and trading interfaces, as well as AI Agent trading and related API infrastructure. The text mentions that blockchain technology and stablecoins may pose a threat to traditional stock exchanges and banking systems.

Former Federal Reserve Vice Chairman Blinder stated that now is an excellent time for Waller to use forward guidance. Blinder pointed out that the Federal Reserve is facing a dilemma, as decision-makers can provide ample justification for either maintaining interest rates or raising them. He believes that the so-called "hawkish pause" can only be reflected through forward guidance.

According to data compiled by Jinshi Data, the Federal Reserve faces a trade-off between inflation pressures and policy pace at this interest rate meeting.Reasons supporting an interest rate hike include high CPI and PPI data in September, insufficient progress in reducing inflation, and the current interest rates possibly not yet reaching a sufficiently restrictive level. Hawkish views argue that the market widely expects a rate hike in December, and waiting another six weeks may increase the cost of policy lag.On the other hand, those supporting a pause believe that if only 2 to 3 more rate hikes are needed afterward, the risks of a staggered approach and delaying for six weeks are manageable. Continuous rate hikes may lead the market to overestimate the pace of tightening, and officials have previously signaled patience; an unexpected rate hike before the elections could also exacerbate market volatility.

According to Bloomberg, Anthropic warned in its IPO-related documents that its public advocacy for AI safety regulation and statements from executives may expose the company to risks such as pressure from the Trump administration and selective scrutiny. This risk is related to the company's multiple conflicts with the Trump administration, including disputes over requests to impose safety restrictions on the use of its AI technology by the Department of Defense, as well as disagreements regarding the safety of the Mythos model and export controls.Anthropic also warned that even if other similarly situated companies are not treated equally, Anthropic may still become a specific target for certain departments of the Trump administration. Future export restrictions and cybersecurity or biosafety incidents triggered by AI models could impact its product deployment, international expansion, and business growth.The company also acknowledged that once the regulatory measures it advocates are implemented, they may increase compliance costs, restrict product development and release, and slow its own growth.

According to official news, Sequoia China and the robotics company Yushu Technology announced the establishment of the "ShanYu·Innovation Plan," focusing on discovering and investing in embodied intelligence, robotic applications, and their upstream and downstream key technologies, as well as early-stage entrepreneurial projects in other cutting-edge hard technology fields.It is reported that the core strategy of this plan is "understanding technology and industry, discovering early, making quick decisions, valuing people, and not adding chaos," which will provide industrial and financial resources for promising early-stage entrepreneurs in the fields of embodied intelligence, robotics, and other cutting-edge hard technologies.

Stable officially announced that the Stable mainnet will be upgraded to v1.9.0 on October 31 at 17:00 (UTC+8), with a block height of 45,091,000.This upgrade mainly includes protocol security reinforcement and network resilience optimization, aiming to enhance the security, reliability, and operational stability of transaction processing and settlement, providing infrastructure support for on-chain payments, exchange settlements, and corporate financial asset management activities.

The Federal Reserve will announce its October interest rate decision at 2 AM Beijing time on the 29th. The market generally expects the federal funds rate target range to remain unchanged at 3.75%--4.00%, with a probability of maintaining the status quo at over 90%. The wording of the statement and whether Chair Waller's press conference will release more hawkish signals, as well as how this will affect the market's significantly priced probability of a 25 basis point rate hike in December, have become the focus of attention.Goldman Sachs, Citigroup, and Credit Agricole all expect a pause in October and a 25 basis point hike in December. Goldman Sachs stated that if rate hikes continue every other meeting through 2027, a hike in March may be considered, but the baseline forecast does not expect a hike in March. Citigroup mentioned that if the stock market continues to weaken, leading to a sharp tightening of financial conditions, the likelihood of a shift to rate cuts will significantly increase. Moody's believes there will not and should not be another rate hike this week. Nomura Securities expects no change in October and stated that while the Federal Reserve guides expectations for a pause, it retains flexibility for a rate hike in December.TD Securities expects no change in October and anticipates two more hikes in December and March. Huatai Securities expects no change in October, with two hawkish voters possibly casting dissenting votes, with the baseline scenario being one rate hike in December this year and two hikes next year. Morgan Stanley expects a 25 basis point hike in both December and March next year. Bank of New York Mellon expects rates to peak slightly above 4.5%. Bank of America believes there is ample reason to raise rates in October; if they remain unchanged, they will only retain one option for a future hike.

According to official news, the WCTC × Gate event market "Macro Prophet" activity has started and will last until November 25 at 16:00 (UTC+8), with a total reward value of 70,000 USDT. Eligible users who complete the WCTC S9 main event and register for this activity will be able to participate in the distribution of a reward pool valued at 20,000 USDT, provided that the daily effective trading volume in designated sectors related to the U.S. midterm elections and macro data reaches 200 USDT for at least 3 cumulative days.A separate cumulative trading volume leaderboard has a reward pool valued at 50,000 USDT, where users meeting the corresponding conditions can receive event market experience vouchers worth up to 8,250 USDT in total. The Gate event market has also launched a macro market special page, which visually displays the event probabilities, trading volumes, and market expectations for topics such as Federal Reserve interest rates, inflation, and employment, providing users with a reference for observing macro trends.Meanwhile, as of October 27, the total prize pool for the 11th phase of the Gate event market points activity has reached 70,049 USD, with the points prize pool being 11,074 USD and the lucky prize pool being 58,974 USD. The top position on the points leaderboard is expected to receive 4,152.75 USD. In conjunction with the ongoing League of Legends World Championship, Gate's "Summit Prediction Competition" is simultaneously offering a total reward pool valued at 150,000 USDT, covering initial predictions, phased trading tasks, canyon power rankings, and championship predictions, combining event result judgments with multi-stage participation tasks.

After Anthropic publicly submitted its prospectus the previous evening, investment institutions and market participants began to assess its growth quality, cost structure, and potential valuation. Morningstar senior equity analyst Malik Ahmed Khan and PitchBook analyst Rolfes stated that as of September 30, Anthropic had over 11,900 enterprise customers contributing at least $100,000 in revenue over the last 12 months, compared to about 950 in the same period last year. Khan believes this reflects a faster adoption of Claude in the enterprise market and significant revenue growth.Analysts also pointed out that the rapid increase in customer numbers alone is insufficient to indicate long-term revenue stability. The prospectus lacks detailed data on customer retention, and the disclosed net revenue retention rate is also affected by a small base; as the comparison base expands, this metric may decline. Investment in computing power is another focus. Morningstar believes that Anthropic currently demonstrates a certain level of computing efficiency and operational efficiency, but some computing resources and related expenditures have not yet been fully reflected; as more computing power is utilized, costs may rise, and if revenue growth does not keep pace, profit margins will be under pressure.PitchBook analyst Rolfes reminded that the scale of future computing contracts and infrastructure commitments is enormous, and whether revenue growth can be sustained is an important variable in assessing profitability prospects. Gavin Baker, managing partner and chief investment officer of Atreides Management, stated that it is still possible for Anthropic to reach an annualized recurring revenue of $100 billion by the end of the year; this statement reflects his personal judgment and is not the company's published performance guidance. Nigel Green, CEO of independent financial advisory firm deVere Group, questioned the market's rumored potential valuation of $2 trillion, calling this expectation "absurd," and reminded to pay attention to infrastructure investments, slowing growth, and future financing needs. The $2 trillion figure remains a market rumor, and the prospectus has yet to determine the offering price and scale.

The Sun Wukong ecosystem will hold a deep roundtable discussion themed "When DeFi Moves Towards Global Open Finance: From JUST Brand Upgrade to Multi-Token Deflationary Mechanism, How Does the TRON Ecosystem Build a Long-Term Growth Flywheel?" on October 27 at 8 PM at X Space.This event will focus on the ongoing exploration of the JUST brand upgrade and the multi-token buyback and burn mechanism, delving into the growth drivers for the next phase of DeFi. Invited industry KOLs will jointly analyze whether buybacks and burns can truly form long-term value support, and how to combine real business, user demand, and ecosystem activity when DeFi is no longer limited to a single product, allowing business growth and token economics to form a virtuous cycle, exploring sustainable growth models for the TRON ecosystem.

The U.S. Securities and Exchange Commission (SEC) announced the inspection priorities for the fiscal year 2027, continuing to conduct risk-oriented inspections of over 34,000 registered entities, focusing on investment advisors, funds, brokers, clearing agencies, and other market participants.The SEC stated that the fiscal year 2027 will focus on the fiduciary duty and conflicts of interest of investment advisors, retail investor protection, private funds and private credit, brokers' anti-money laundering and transaction supervision, operational resilience, and cybersecurity, among other areas. Emerging technologies and market infrastructure are also listed as priorities.Among these, the SEC will pay attention to the impact of advanced technologies, including "superintelligence," on market operations, compliance, fraud prevention, and investor protection, while also assessing the risks brought by government bond clearing reform, tokenization, and related changes in market structure.

Gold prices have stabilized near a three-month low, with spot gold prices hovering around $4,020 per ounce. Global X ETFs analyst Justin Lin stated that gold may recently face liquidity-driven selling, as market expectations for further interest rate hikes by the Federal Reserve have cooled, which should provide support for gold prices in the short term.Despite facing downward pressure, gold prices may see a V-shaped rebound.

Meta Platforms CEO Mark Zuckerberg stated that the company will adjust the investment pace in the virtual reality sector and shift its focus to artificial intelligence.

BitGo announced the establishment of a new research and innovation department, BitGo Labs, aimed at designing, launching, and validating the next breakthrough applications in the digital asset space. BitGo stated that this department focuses on use cases that can only be achieved through cryptographic technology, such as interest rates and yields that traditional systems cannot provide, and utilizes AI to complete builds in months rather than years.Initially, BitGo Labs will focus on the intersection of AI and cryptocurrency. BitGo pointed out that the AI economy still requires cryptographic financial infrastructure to handle micropayments, achieve instant settlements, and ensure asset security. At the launch of the department, several related projects were introduced, including the consumer application Gokubu, which uses AI-driven card optimization for user spending and is now live, allowing users to be assigned personalized AI financial assistants to help them obtain better rewards and transaction value.BitGo stated that in addition to the initial projects, BitGo Labs will also release research reports, protocol prototypes, and reference implementations, and collaborate with developers, scholars, and institutions in the cryptocurrency and AI communities. BitGo CEO Mike Belshe previously stated in an interview that AI agents are likely to use stablecoins as their native currency, and human control over AI will last longer than some predict. This statement responded to Maelstrom Chief Investment Officer Arthur Hayes' view that digital currencies like stablecoins cannot serve as the native currency for AI agents because they cannot be directly converted into computing power.

The asset management company Bitwise Asset Management and the Hyperliquid Policy Center submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), requesting modifications to the proposed cryptocurrency rules to clarify token classification, airdrops, and secondary market trading rules. The SEC's proposed Regulation Crypto Assets would establish exemptions for eligible cryptocurrency financing and provide a conditional safe harbor for tokens related to investment contracts.Bitwise requested clarification on the standards for investment managers to determine whether tokens are subject to securities laws. The Hyperliquid Policy Center called for an expansion of the safe harbor scope and clarification of the rules for airdrops and token buybacks that reward network participants. The organization also requested that the SEC clarify whether unregistered intermediaries can facilitate token trading and whether tokens can be freely traded through on-chain protocols. Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners called for the proposal to be withdrawn, arguing that it exceeds the SEC's statutory authority and undermines investor protection. The SEC will decide to amend, adopt, or withdraw the rules after the public comment period ends, and the final rules must be voted on by the commission before taking effect.

Last week, U.S. tech stocks experienced a significant pullback, with the Nasdaq dropping over 4% for the week. The market is digesting stronger-than-expected inflation data while reassessing the narrative that "the economy cannot be crushed." The Federal Reserve has entered its quiet period ahead of the FOMC meeting on October 28, with officials absent from public statements. This week, more attention will be on the earnings reports of tech giants and economic data, with Meta and Tesla set to announce their results, and the semiconductor and storage sectors also entering their earnings disclosure window.On the geopolitical front, Trump has suspended the full sanctions and tariff enforcement against Russia and set a roughly 60-day assessment window. Disruptions in shipping through the Strait of Hormuz and escalating risks in the Middle East continue to support oil price premiums. On the agenda, the Nvidia GTC Berlin conference opens on Tuesday and runs until the 22nd; on Wednesday, the U.S. will release API and EIA crude oil inventory data for the week ending October 16. In the evening, Beijing time, Nvidia CEO Jensen Huang will deliver a keynote speech, followed by earnings reports from Meta, Tesla, IBM, and Lam Research after the market closes.On Thursday, the U.S. will announce initial jobless claims for the week ending October 17. Before the market opens, Nokia will release its earnings report, and after the market closes, Western Digital and MaxLinear will announce their earnings. On Friday, the U.S. will release the preliminary values for the October S&P Global Manufacturing and Services PMIs, as well as the final value of the University of Michigan Consumer Confidence Index and the final value of one-year inflation expectations. On the same day, Japan will also release its September CPI and preliminary values for the October composite, manufacturing, and services PMIs, allowing the market to observe the price situation ahead of the Bank of Japan's decision on October 30.