📰 Top Headlines
• Fed Chair Warsh said an in-person hearing on artificial intelligence will be held in the San Francisco Bay Area on November 16. He called AI potentially the most important change to the U.S. and European economies, and a positive supply shock over the medium term.
• Crypto analyst Murphy said selling pressure behind Bitcoin’s recent decline has mainly come from short-term holders. On average, about 2,200 BTC per hour have flowed to exchanges over the past four hours, but the amount on October 15 was below that of October 8, indicating that selling pressure has eased. Long-term holders remain broadly steady.
• INJ broke above $9.10 to reach a new high for the year. It is currently trading at $9.122, up 23.02% over 24 hours.
📊 Market Data
• Bitcoin inflows to exchanges from short-term holders have retreated from their October 8 peak. Long-term holders are transferring only about 480 BTC per hour—less than one-fifth of the short-term holders’ amount—reflecting a relatively stable holder composition during the decline.
• Fed’s Warsh has repeatedly said he will not prejudge meeting outcomes and that several more key meetings will be held this year. Against a backdrop of macroeconomic uncertainty, the market lacks a near-term directional catalyst.
🤖 AI Watch
• The Fed will hold an in-person hearing on artificial intelligence. Warsh emphasized AI’s far-reaching economic impact and described it as a positive supply shock, signaling a shift in regulators’ approach to frontier technologies from observation to active engagement.
• Macro and regulatory discussions around AI are gaining momentum. Following a wave of open-source model releases by tech giants, policymakers are beginning to incorporate AI into the monetary policy and financial stability agenda, ushering in a new phase of interaction between industry and regulators.
• Fed Chair Warsh said an in-person hearing on artificial intelligence will be held in the San Francisco Bay Area on November 16. He called AI potentially the most important change to the U.S. and European economies, and a positive supply shock over the medium term.
• Crypto analyst Murphy said selling pressure behind Bitcoin’s recent decline has mainly come from short-term holders. On average, about 2,200 BTC per hour have flowed to exchanges over the past four hours, but the amount on October 15 was below that of October 8, indicating that selling pressure has eased. Long-term holders remain broadly steady.
• INJ broke above $9.10 to reach a new high for the year. It is currently trading at $9.122, up 23.02% over 24 hours.
📊 Market Data
• Bitcoin inflows to exchanges from short-term holders have retreated from their October 8 peak. Long-term holders are transferring only about 480 BTC per hour—less than one-fifth of the short-term holders’ amount—reflecting a relatively stable holder composition during the decline.
• Fed’s Warsh has repeatedly said he will not prejudge meeting outcomes and that several more key meetings will be held this year. Against a backdrop of macroeconomic uncertainty, the market lacks a near-term directional catalyst.
🤖 AI Watch
• The Fed will hold an in-person hearing on artificial intelligence. Warsh emphasized AI’s far-reaching economic impact and described it as a positive supply shock, signaling a shift in regulators’ approach to frontier technologies from observation to active engagement.
• Macro and regulatory discussions around AI are gaining momentum. Following a wave of open-source model releases by tech giants, policymakers are beginning to incorporate AI into the monetary policy and financial stability agenda, ushering in a new phase of interaction between industry and regulators.