Last night’s Fed decision is in: the benchmark rate was held steady at 3.75%–4% (10 votes in favor, 2 opposed—Cook and Hammack wanted a hike). Chair Kevin Warsh acknowledged that inflation has made progress but remains elevated, and gave no clear green light on the December path. The market called it a “hawkish hold”—no cut, with another hike still on the table. Bitcoin briefly surged above about $81,700 after the announcement, then gave back its gains. It fell below $80,000 during Asian trading and is now hovering around $80,000, with an intraday low of about $79,600; ETH is around $2,320–$2,330, and BNB around $750–$760. Alphabet’s earnings missed expectations, with shares down about 10% premarket. Samsung’s semiconductor profit hit a record, but disappointing shareholder returns sent its stock down about 4%–5%; the Kospi fell too—risk assets are all under pressure. Futures liquidations totaled about $340–$360 million over 24 hours, with longs taking the bigger hit.

🔥 A few stories worth sharing today

1️⃣ Flows: Institutions are still buying the dip U.S. spot BTC ETFs saw net inflows of about $137 million on Wednesday (Farside), marking a third consecutive day of inflows and bringing the three-day total to about $424 million. October as a whole swung back into positive territory, with net inflows of about $111 million. Glassnode: spot ETF buyers’ average cost is around $81,500—price is now slightly below their cost, showing that institutional buying and retail sentiment are out of sync. Also: September PCE, the Fed’s favorite inflation gauge, is due later tonight U.S. time, around early tomorrow morning in Shanghai—another bout of volatility may be on the way.

2️⃣ Saylor × Strategy earnings night Michael Saylor (@saylor) continued promoting $STRC today: “Your money shouldn’t need permission to leave.” Strategy (formerly MicroStrategy) will release its Q3 results after the U.S. market close, with the earnings call at around 17:00 ET (about 5:00 a.m. tomorrow Beijing time), streaming simultaneously on Zoom/X/YouTube. As of 10/25, it still held about 848,517 BTC at an average price of around $75,446; with the current price near $80,000, its unrealized gains leave only about a 6% cushion. No additional purchases last week; instead, it bought back STRC preferred shares. Tonight, let’s hear what they say about “stacking coins vs. buybacks.”

3️⃣ CZ: “Keep building.” CZ (@cz_binance) reposted BNB Chain: the Jenner hard fork is now live on the BSC testnet, introducing Payment Lane (default reservation of about 5% of block gas for payments), millisecond-level block timestamps, and the CAS20 compliant asset standard (Payment Lane / CAS20 still require governance approval before full activation). The message in a nutshell: keep building. One more clarification: he doesn’t hold anything related to Shiba Inu; posting what he sees doesn’t mean he endorses it.

4️⃣ Hayes: Devnet is about to open; participating ≠ airdrop Arthur Hayes (@CryptoHayes) says the flop_labs Devnet will open to the public in a few days. You can participate as a miner/validator, or connect an agent to the network and get computing power for free. He explicitly stated that “the Devnet does not count toward any airdrop allocation”—the scam warning still applies. He also asked on X, “Feeling marginalized—what should I buy?” When even the big players are riding the bench, don’t rush to go all in.

5️⃣ On-chain selling pressure (Lookonchain) • An unidentified whale dumped about 1.02 million SOL (about $104.3 million) over the past five days • Another address sold about 694,000 HYPE (about $53.27 million) over the past five days • An ETH OG wallet dormant for about three years deposited all of its roughly 2,119 ETH (about $4.99 million) to Coinbase • AAVE / WLD whales deposited tokens worth roughly $21.5 million each to exchanges over the past five days • An address with a “five wins out of five” record opened a 25x long position of about 19,500 ETH (about $45.34 million)—copy-trading risk is extremely high; treat this as a risk alert first

On a related note: Justin Sun says TRX options are now live on Blockchain.com; TRX is one of the few major coins in the green today. Brian Armstrong discussed stablecoins + x402 micropayments (pay-per-use, less friction), and promoted Coinbase’s global trading competition, with prizes of up to about $2 million—a longer-term narrative.

💬 In plain English: “No rate hike” ≠ “money printing.” Two dissenting votes called for a rate hike, and Warsh offered no reassuring words about December. Add tech earnings weighing on sentiment, and treat the $80,000 level as something to watch tonight—not as the end of the world. The real pricing catalysts are still: the PCE data + the tone of Strategy’s earnings call + whether ETFs can keep absorbing supply.

Event reminder🎯: Watch for PCE around the early hours of tomorrow; tune in to Strategy’s earnings livestream at around 5:00 a.m. tomorrow.

#Bitcoin #BTC #BNB #Binance #FederalReserve #Strategy #Cryptocurrency #BinanceSquare

⚠️ The above is an information summary and does not constitute investment advice.