Weekly News Preview | Federal Reserve Announces Interest Rate Decision

Compiled by: Jerry, ChainCatcher

 

Key News:

• Hong Kong's first Solana exchange-traded fund, "ChinaAMC Solana ETF," is expected to be listed on the Hong Kong Stock Exchange on October 27
• Binance Alpha will launch XNAP, COMMON, and 42 on October 27
• MegaETH will launch the public sale of MEGA tokens on October 27, with an initial FDV of $1 million
• Binance Alpha will launch Piggycell (PIGGY) on October 28
• The Federal Reserve will announce the new interest rate decision on October 30, with Powell holding a press conference
• Strategy plans to release its Q3 financial report on October 30

October 27 (Monday)

Hong Kong's first Solana exchange-traded fund, "ChinaAMC Solana ETF," is expected to be listed on the Hong Kong Stock Exchange on October 27

According to Hong Kong Economic Times, the Hong Kong Securities and Futures Commission has officially approved the first Solana (SOL) spot ETF, issued by ChinaAMC (Hong Kong), making it the third approved cryptocurrency spot ETF after Bitcoin and Ethereum, and the first of its kind in Asia.

This ETF (code: 03460) is expected to be listed on the Hong Kong Stock Exchange on October 27, with a RMB counter (83460) and a USD counter (9460). Each lot consists of 100 units, with a minimum investment amount of about $100. Its virtual asset trading platform is OSL Exchange, with a management fee rate of 0.99% and an annual recurring expense ratio of about 1.99%.

Binance Alpha will launch XNAP, COMMON, and 42 on October 27

According to the official announcement, Binance Alpha will be the first platform to launch the following projects: SnapX (XNAP) airdrop on October 27; Common (COMMON) airdrop on October 27; Semantic Layer (42) airdrop on October 27.

Eligible users can go to the Alpha event page to claim the airdrop using Binance Alpha points after Alpha trading opens. Further details will be announced separately.

MegaETH will launch the public sale of MEGA tokens on October 27, with an initial FDV of $1 million

Developed by MegaLabs, the Ethereum scaling solution MegaETH announced on X platform that it will launch a public sale on Sonar, under Echo, on October 27. The initial fully diluted valuation (FDV) is $1 million, with a valuation cap set at $999 million.

Users can bid through an English auction, with the highest bid up to $186,282.

X Layer mainnet will undergo a technical upgrade on October 27

According to the official announcement from X Layer, as protocol integration and ecosystem expansion continue, there are plans to upgrade the underlying technology of the public chain to further enhance overall system performance and scalability, aiming to become a leading platform for high-performance blockchain solutions.

This upgrade is scheduled to start at 23:30 (UTC+8) on October 27, 2025, and is expected to last about one hour. After completion, the mainnet will resume block production. If there are any changes to the upgrade progress or schedule, the official channels will provide updates as soon as possible.

The announcement states that during the upgrade, the X Layer mainnet will pause block production, and all related services will be temporarily suspended, including OKX exchange asset deposits and withdrawals, DEX trading services, OKX Wallet functions, and OKX Pay services. Users with questions can contact OKX customer service at any time. The X Layer team stated that they will continue to improve platform stability, security, and operational reliability to achieve the long-term ecosystem vision of "The New Money Chain."

October 28 (Tuesday)

Binance Alpha will launch Piggycell (PIGGY) on October 28

According to the official announcement, Binance Alpha will launch Piggycell (PIGGY) on October 28. Eligible users can go to the Alpha event page to claim the airdrop using Alpha points after Alpha trading opens. Further details will be announced separately.

Binance Futures will delist GMTUSD and DOGSUSD coin-margined perpetual contracts on October 28

Binance Futures will automatically settle GMTUSD and DOGSUSD coin-margined perpetual contracts at 17:00 on October 28, 2025, and will delist the above perpetual contract trading pairs after settlement. Users are advised to close their positions before trading stops to avoid automatic liquidation.

Ethereum developers plan to conduct the final Fusaka upgrade rehearsal on the Hoodi testnet on October 28

Following a successful trial on the Holesky testnet two weeks ago, Ethereum developers launched the second test of the Fusaka upgrade on the Sepolia testnet earlier this Tuesday. Before determining the mainnet activation date, the final rehearsal is planned for October 28 on the Hoodi testnet, marking the last step before deployment.

Fusaka introduces PeerDAS, a data validation method that allows validators to process only part of the data, reducing bandwidth requirements and lowering costs for institutional users and Layer2 networks.

October 30 (Thursday)

The Federal Reserve will announce the new interest rate decision on October 30, with Powell holding a press conference

At 2:00 on October 30 (Thursday) Beijing time, the Federal Reserve FOMC will announce the interest rate decision and the summary of economic projections; at 2:30, Federal Reserve Chairman Powell will hold a monetary policy press conference.

US SEC extends review period for Nasdaq Ethereum Trust staking proposal to October 30

According to documents from the US SEC, the Nasdaq Exchange has submitted a proposal to the US Securities and Exchange Commission (SEC) to amend rules related to the iShares Ethereum Trust, allowing the trust to stake its Ethereum holdings. The SEC has decided to extend the review period, and will make a decision to approve, reject, or initiate further review procedures by October 30 at the latest.

Binance: To combat sniping bots, the fee structure for Fair Mode will be adjusted on October 30

Binance stated on X platform: "To combat sniping bots, the fee structure for Fair Mode will be adjusted within the first few blocks. For more details, please refer to the Four.Meme official announcement."

According to the Four.Meme announcement: "The fee structure for Fair Mode will be adjusted on October 30. After token creation, the first block will have an increased fee, which will decrease block by block within a few seconds until it returns to the normal rate."

Strategy plans to release its Q3 financial report on October 30

Bitcoin treasury company Strategy (formerly MicroStrategy) announced that it will release its Q3 2025 financial results after the close of the US financial markets on Thursday, October 30, 2025.

November 2 (Sunday)

New foreign exchange rules from the Central Bank of Brazil may affect crypto exchanges, with the public consultation period lasting until November 2

According to Cryptonews, the Central Bank of Brazil has proposed new regulations for the foreign exchange industry, which may further restrict cryptocurrency exchanges.

The public consultation document seeks feedback. Although the proposal does not directly mention cryptocurrency trading or exchanges, in its current form, the rules will affect platforms that allow customers to transfer funds internationally or sell cryptocurrencies in non-Brazilian fiat currencies. The new rules aim to bring the largely unregulated foreign exchange industry under supervision, requiring forex providers to apply for licenses, submit customer transaction data, use designated entry/exit points for deposits and withdrawals, and limit single transaction values to within $10,000.

The Central Bank of Brazil hopes to increase transparency for forex platforms. Local media warn that crypto exchanges handling transfers may be affected, and exchanges operating overseas may also face restrictions. The consultation period lasts until November 2.

Nasdaq applies to US SEC to add XRP, SOL, ADA, and XLM to its crypto index, with a final decision expected by November 2

According to Cryptotimes, Nasdaq submitted a rule change application to the US Securities and Exchange Commission (SEC) on June 7, planning to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) in its crypto index benchmark. This adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), which plans to expand its tracking target from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to the Nasdaq Crypto Index (NCI), covering 9 tokens.

Currently, the NCI index includes 9 cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), but due to current SEC regulations, the ETF can only hold BTC and ETH, resulting in tracking error risk. If approved, the ETF will be able to invest in all index constituent assets, with a final decision expected by November 2, 2025. This move could be a key step towards diversification of US crypto ETFs.