Overview of major events in the past 24 hours!

1. The total transaction volume of the prediction market on "US Presidential Election" on Polymarket has exceeded the 1 billion mark.

2. The possibility of US cryptocurrency-related legislation being passed before the end of this year is very small.

3. The $ETH Foundation has sold more than 10 million US dollars of Ethereum this year.

4. Japan will begin to review cryptocurrency-related regulations with the aim of simplifying digital asset tax policies.

5. Experts predict that $BTC is expected to climb to $70,000 in October.

6. Investors in the short-term interest rate futures market generally believe that the probability of the Federal Reserve cutting interest rates by 25 basis points in November is high.

7. Federal Reserve Chairman Powell revealed that if the economy develops as expected this year, two interest rate cuts of 25 basis points each will be implemented.

8. Experts pointed out that the decline in Bitcoin prices is the result of a long-term backlog in the futures market, and believe that this is a normal correction after the bull market is overbought. They are still optimistic about the market performance in the fourth quarter.

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