On October 9, Fed's Musalem stated that further tightening of monetary policy is necessary to bring inflation back to target, and interest rates should be raised in the next 6 to 9 months. The economy is currently quite strong, and the best thing the Fed can do is to lower inflation; market inflation expectations remain stable, and there has been no indication of a loss of credibility for the Fed.

Market data shows that BTC has fallen below $81,000, currently priced at $80,979.57, with a 24-hour decline of 2.79%. The market is experiencing significant volatility, so please ensure proper risk management.

Market data shows that ETH has fallen below $2500, currently priced at $2499.36, with a 24-hour decline of 2.59%. The market is experiencing significant volatility, so please ensure proper risk management.

According to Arkham and on-chain data, at 21:33 Beijing time on October 8, an address marked 'U.S. Government: Seized Funds from Bitfinex Hacker' transferred 12,267.02 BTC (approximately $1.01 billion). Subsequently, 6,000 BTC were sent in two transactions to a new address 33pYK…cFk, while the remaining approximately 6,267 BTC are temporarily held in another new address. In the previous two days, related addresses of the U.S. government had transferred over 6,200 BTC to Coinbase Prime.

On October 8, reports emerged that U.S. President Trump purchased up to $25 million in Meta stock.

According to Bloomberg, sources reveal that Tencent Holdings is considering issuing offshore bonds to raise $5 billion to meet the funding demands arising from its artificial intelligence business expansion. The bonds may be denominated in US dollars and offshore renminbi, with issuance potentially occurring as early as this month. Analysts believe that in recent years, as the demand for AI infrastructure and computing power has increased, global tech companies have turned to bond financing to raise funds. This fundraising plan is still in the discussion phase, and the final scale and timing of the issuance have yet to be determined.

Market data shows that BTC has fallen below $82,000, currently priced at $82,008.19, with a 24-hour decline of 1.72%. The market is experiencing significant volatility, so please ensure proper risk management.

According to TASS, the Moscow Exchange plans to offer cryptocurrency trading services starting December 1 under a new regulatory framework. Boris Blokhin, Senior Managing Director of the Moscow Exchange, stated that the exchange will continue relevant testing work before the official launch.

On October 8, the RMB exchange rate, an important price in the financial market, has long attracted attention from various sectors, with recent discussions increasing. The People's Bank of China clarifies its policy stance on the RMB exchange rate as follows: China implements a managed floating exchange rate system based on market supply and demand, referencing a basket of currencies, and insists on allowing the market to play a decisive role in the formation of the exchange rate. Over the past two decades, the RMB exchange rate has fluctuated in both directions; since 2010, the RMB exchange rate has undergone multiple rounds of appreciation and depreciation cycles, with the characteristics of two-way fluctuation becoming more pronounced and its elasticity increasing. The development of China's trade is rooted in the enhancement of industrial international competitiveness. China has no need, nor intention, to gain trade competitive advantages through currency depreciation and does not engage in competitive currency devaluation.

On October 8, Federal Reserve Governor Waller stated that the dot plot may reflect a rate hike in early 2027, followed by rate cuts thereafter.