Boss Biden has spoken, saying that the Federal Reserve is expected to continue cutting interest rates.

Let’s talk about Binance’s big news. Their CEO Richard Teng posted a report card on the X platform, saying that Binance’s total transaction volume this month has broken the 100 trillion US dollar mark. Isn’t it amazing!

And SBF's ex-girlfriend, Caroline Ellison, was sentenced to two years in prison for some reason and will be in prison in early November. However, she is lucky enough to serve her sentence in a prison near her home and help pay back the victims of FTX. She also invested a lot in FTX, but it all went down the drain, even the 10 million investment in the artificial intelligence company was gone.

There is some movement in the industry. Turkey said that it does not plan to impose taxes on stocks and cryptocurrencies this year, which is a reassurance to everyone.

Also, Binance and Tokocrypto teamed up with the Indonesian police to arrest a crypto fraud gang and seized $200,000 in stolen money, which is really gratifying!

The ETFs of Bitcoin and Ethereum are also very active. The net asset value of the Bitcoin ETF is nearly 60 billion US dollars, with a considerable net inflow; while the Ethereum ETF is a little quieter, with a net outflow of several hundred million US dollars.

In terms of projects, Farcaster has launched a new feature called "mini apps" to allow social media to play some decentralized tricks. Wintermute has also made a move, wanting to use 250 million ARB to cultivate partners. Flappy Bird is also about to join the Web3 army, but it will not play the NFT game.

Google Cloud and Solana Labs have collaborated to create GameShift, hoping to make it easier for game developers to use blockchain technology. LogX and Grass Foundation are also busy with airdrops and staking, giving everyone a chance to make some extra money.

In terms of investment and financing, Daylight and Smolbound both received $6 million in seed round financing, and the bigwigs behind them provided real financial support.

Finally, let’s talk about the characters. Gary Gensler, the boss of the SEC, is quite neutral about blockchain technology and thinks the key is whether the investment is worth it. And Sean Combs, the “Puff Daddy”, actually became a cellmate with SBF. This is a rare fate. Dimon, the CEO of JPMorgan Chase, thinks that the Fed’s interest rate cut may be right, but he is still cautious about the economic outlook.