JH Kim

On the 10th (local time), according to CoinDesk, a media outlet specializing in crypto assets (cryptocurrencies), Saint Cloud Financial Credit Union (SCFCU), a Minnesota-based credit union with $400 million in assets, plans to launch the first stablecoin from a U.S. credit union, 'Cloud Dollar (CLDUSD)', within the year. CLDUSD is scheduled to be issued on Metallicus's blockchain banking infrastructure, the Metal Blockchain.

The three major U.S. stock indexes are showing mixed results. As of 00:11 on the 11th, the Nasdaq Composite index is trading at 21,984.55 points, up 0.48% from the previous day. The Dow Jones Industrial Average is down 0.59% at 45,441.29 points, and the S&P 500 index is up 0.44% at 6,541.10 points.

The three major U.S. stock indices closed higher. The Nasdaq Composite rose 0.37% from the previous day on the 10th to 21,879.49 points. The Dow Jones Industrial Average rose 0.43% to 45,711.65 points, and the S&P 500 rose 0.27% to 6,512.61 points.

On the 9th (local time), according to breaking economic news channel Walter Bloomberg, global investment bank (IB) J.P. Morgan forecast that the Federal Reserve (Fed) would cut its policy rate by 25bp next week despite uncertainty over the Consumer Price Index (CPI). However, J.P. Morgan explained that if inflation rises higher than expected, the timing of the rate cut could be delayed to October or December.

On the 9th (local time), according to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), crypto exchange Coinbase is expanding a virtual asset payment ecosystem that utilizes AI agents. Coinbase has newly introduced the AI-agent-only platform 'x402 Bazaar', based on the open-source payment protocol 'x402' it released earlier this year. This supports AI agents in easily discovering and utilizing the APIs and services they need.

On the 9th (local time), according to crypto asset (cryptocurrency) specialist media WatcherGuru, Rick Rieder (Rick Rieder), BlackRock's Chief Investment Officer (CIO), argued that the Federal Reserve (Fed) should cut the policy rate by 50bp at next week's meeting.

On the 9th (local time), according to crypto-focused media The Block, crypto exchange Coinbase has hired two co-founders of the revenue-generating platform Sensible. They plan to gradually scale down Sensible's operations and join Coinbase to focus on strengthening the on-chain consumer strategy. Sensible is a platform that helps users earn yields through staking rewards and DeFi protocols.

On the 9th (local time), according to CryptoBasic, a media outlet specializing in virtual assets (cryptocurrencies), the Vietnamese government has started a five-year pilot program to test a regulatory framework for the virtual asset market. The program aims to establish rules on coin issuance, trading, and foreign investment to balance innovation and investor protection. In particular, all virtual asset transactions must be conducted only in Vietnamese dong. Regulations apply to all stages from token issuance to trading and payment processing. Coin issuance is limited to local companies, and virtual assets backed by fiat currency or securities are prohibited. Instead, only tangible assets are recognized as collateral.

The three major U.S. stock indices are showing mixed trading. The Nasdaq Composite was trading at 21,787.39 points at 00:28 on the 10th, down 0.05% from the previous day. The Dow Jones was up 0.26% at 45,631.29 points, and the S&P 500 was up 0.03% at 6,496.83 points.

On the 8th (local time), according to crypto media CryptoBriefing, the U.S. Securities and Exchange Commission (SEC) virtual assets task force (TF) will hold a public discussion on financial surveillance and privacy at its Washington headquarters on October 17. At the discussion, privacy experts are expected to discuss policies on virtual assets and financial market surveillance.

The three major U.S. stock indices closed higher. The Nasdaq Composite closed at 21,798.70 points, up 0.45% from the previous session on the 9th. The Dow Jones Industrial Average closed at 45,514.95 points, up 0.25%, and the S&P 500 closed at 6,496.06 points, up 0.22%.

On the 8th (local time), according to crypto asset (cryptocurrency) specialist media Decrypt, NFT marketplace OpenSea is preparing to launch its own token, SEA, and the tokenomics details are scheduled to be announced in early October. OpenSea invested more than $1 million to acquire culturally significant NFTs ahead of the token issuance. The first asset included in the flagship collection 'OpenSea Reserve' was CryptoPunk 5273.

On the 8th (local time), according to crypto-focused media CryptoBriefing, the U.S. House Financial Services Committee urged the Senate to promptly pass the CLARITY Act, a market-structure bill for digital assets (cryptocurrencies). In a statement, the committee emphasized, "The CLARITY Act is key to establishing a clear federal regulatory framework that will enable the United States to maintain a leading position in the global digital financial market." The bill aims to establish a regulatory framework for the digital asset industry. Specifically, it delineates the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and includes an exemption from the 1933 Securities Act registration requirements for digital assets that meet certain conditions.

On the 8th (local time), according to economic news channel Walter Bloomberg, Barclays' chief financial officer (CFO) said, "We are not detecting any particular signs of stress in the financial condition of U.S. consumers." He said, "Consumer spending remains stable, and there are no clear signs of credit deterioration," and added, "Despite overall economic uncertainty, the U.S. consumer base is resilient."

On the 8th (local time), according to crypto-focused media Bitcoin Magazine, Anton Kobyakov, senior adviser to Russian President Vladimir Putin, claimed that the United States is strategically using virtual assets and stablecoins to resolve $35 trillion in national debt. Kobyakov said, "Washington is reducing the burden of the dollar-centered financial system and actively using stablecoins and similar instruments as a means of global liquidity adjustment," adding, "This is effectively a way of shifting national debt onto the market." These remarks are seen as potentially stirring controversy in the international community in connection with the U.S. government's virtual asset policies.

On the 8th (local time), according to economic news channel Walter Bloomberg, Israeli Prime Minister Benjamin Netanyahu warned Gaza Strip residents to "leave immediately". Netanyahu's remarks came amid rising military tensions, raising concerns about civilian casualties in the Gaza area.