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The Federal Reserve held its first Payments Innovation Summit, discussing the application of stablecoins, tokenized assets, and DeFi in the payments sector. The conference proposed establishing Federal Reserve accounts with limited access to reduce risks and explored how to make traditional systems compatible with blockchain. Cryptographic technologies are now becoming a central topic in payment discussions, and institutional investors may prioritize assets like bitcoin and ethereum. Summary generated by Mars AI. The accuracy and completeness of this AI-generated summary are still being iteratively improved.
The role of cryptocurrency in Argentina has fundamentally changed.
Crypto whales are reigniting market momentum with massive BTC and ETH long positions and spot buys. As on-chain profits soar, their aggressive strategies point to rising confidence — but also higher stakes if volatility resurfaces.
- 20:47U.S. Treasury lowers fourth-quarter borrowing estimate to $569 billionJinse Finance reported that the U.S. Treasury Department has released its fourth-quarter financing estimates, projecting borrowing of $569.0 billion for the fourth quarter, which is $21.0 billion less than the July estimate. This reduction is mainly due to a higher cash balance at the beginning of the quarter, partially offset by lower expected net cash flows. Excluding the higher-than-expected beginning-of-quarter cash balance, the borrowing estimate for the quarter is $20.0 billion higher than the data released in July. Assuming a cash balance of $850.0 billion at the end of March next year, the Treasury expects to finance $578.0 billion in privately held net marketable debt securities in the January to March quarter of 2026.
- 20:01Federal Reserve Governor Cook: Recruitment is slowing down based on a large amount of real-time dataJinse Finance reported that Federal Reserve Governor Cook stated that, based on a large amount of real-time data, hiring is slowing down, and this does not require employment reports for confirmation; there is reason to be concerned about an increase in the unemployed population; it is very important to act in a timely manner and use the latest incoming data in the December interest rate decision; if inflation proves to be more persistent, actions will be prepared.
- 20:01The scale of the Federal Reserve's overnight reverse repurchase agreement (RRP) usage is $2.3792 billion.Jinse Finance reported that on Monday (November 3), the Federal Reserve's overnight reverse repurchase agreement (RRP) usage amounted to $2.3792 billion, compared to $5.1802 billion in the previous trading day.