Daily Summary, 29 October

Daily Summary, October 29

🏛 Monetary Policy
* The Federal Reserve (Fed) lowered the rate by 0.25%.

💳 Corporate Crypto Adoption
* Visa will accept payments in four different stablecoins on four different blockchains with the ability to convert into fiat currencies.
* Telegram is launching Cocoon (Confidential Compute Open Network), a decentralized network for secure and confidential AI computations.
* The Trump family’s World Liberty Financial will distribute $2 billion worth of WLFI tokens to early users of the USD1 stablecoin.
* Gold reserves tokenized through Tether exceeded 11.6 tons in the third quarter, and the market capitalization of Tether Gold reached $2.1 billion.

⛏️ Mining and Regulations
* Russian Deputy Anton Gorelkin stated that miners in Russia have developed a negative image, and it is now up to them to prove their benefit to the economy.
* Australia has recognized stablecoins and wrapped tokens as financial products in updated regulatory guidelines.

💰 Market Movements and Investments
* The company Sequans, which consistently bought BTC for its balance sheet, transferred 970 BTC to an exchange for the first time, presumably for sale.
* An Ethereum ICO participant transferred 1500 ETH ($6 million) to Kraken exchange; back in 2015, he bought 20,000 ETH for just $6200 (worth $80 million today).
* The Swiss Central Bank invested $213,000,000 in shares of public companies that are actively accumulating Bitcoin.

⚖️ Legal and Political News
* CZ will sue Senator Warren for false statements about money laundering.
* The German party AfD has initiated the creation of a national strategic Bitcoin reserve.