Crypto Morning Briefing: Powell hints at support for further rate cuts, Monad airdrop claim portal goes live
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Crypto Morning Briefing: Powell hints at support for further rate cuts, Monad airdrop claim portal goes live
Binance denied this morning the allegations regarding收取上币费 and selling off tokens.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Yellen's early morning remarks today hinted at support for further rate cuts
According to Jinti News citing the Financial Times, Federal Reserve Chair Yellen warned on Tuesday that signs of further distress were emerging in the U.S. labor market, suggesting she may be ready to support another rate cut later this month. Yellen stated: "Downside risks to employment have risen." This is the strongest signal yet that Fed officials believe they have sufficient evidence to justify lowering U.S. borrowing costs by another 25 basis points.
Yellen added that even without new data from the Bureau of Labor Statistics (delayed due to government shutdown), privately compiled labor market indicators and internal Fed research provide enough justification to show that the job market is cooling.
"Existing evidence" shows that "layoffs and hiring remain low," while "households’ perceptions of job opportunities and businesses’ views on hiring difficulties continue to decline." These comments indicate a more dovish stance from Yellen on monetary policy.
Bank of America Survey: Going long on gold surpasses going long on U.S. mega-cap seven stocks as the most crowded trade
A Bank of America Global Fund Manager Survey for October shows that most investors now view "going long on gold" as the most crowded trade in the market. A total of 43% of surveyed investors listed "long gold" as the top crowded trade, exceeding the 39% who chose "long the seven giants." The survey also revealed that 39% of investors reported current gold positions close to 0%, 19% allocated about 2%, and 16% allocated about 4%. On average, the weighted allocation to gold was only 2.4%.
Republican Lawmakers Introduce New Bill to Codify Trump’s Crypto 401(k) Retirement Plan Executive Order
According to The Block, Republican Congressman Troy Downing will introduce a bill called the Retirement Investment Choice Act on Tuesday, aiming to codify Trump’s executive order allowing cryptocurrencies and private equity in 401(k) retirement plans into law.
The bill is co-sponsored by four Republican lawmakers: Representatives Byron Donalds, Buddy Carter, Warren Davidson, and Barry Moore. The move aims to ensure, through legislation, that retirement plan investors gain access to more diversified investment options, including alternative assets such as cryptocurrencies and private equity.
Monad: Airdrop Claim Portal Officially Launched
According to an official announcement, Monad stated that its airdrop claim portal is now live. The airdrop claiming period will remain open until November 3.
Binance Denies Allegations of Charging Listing Fees and Dumping Tokens in Early Morning Post Today
According to an official announcement, Binance stated, "We have noticed the post published on October 14, 2025, by CJ (@cjhtech) on X, containing false and defamatory allegations against Binance. These claims are clearly intended to mislead the community and undermine the fairness of Binance’s listing process.
1. Binance does not profit from the listing process—the token distribution is for the benefit of Binance users.
Binance does not charge listing fees but requires a deposit to protect user interests. This ensures projects continue operating after listing. Deposits are typically refundable under specific conditions within one to two years. CJ’s allegations contradict the very terms of the alleged Binance proposal he published.
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Allegations that Binance and its founder have been dumping tokens are also completely false and baseless.
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We are shocked by CJ’s illegal and unauthorized disclosure of confidential communications with Binance. Such public disclosures damage the industry-wide understanding and trust regarding sensitive and confidential information.
Given the egregious and unforgivable nature of CJ’s actions, Binance explicitly reserves all rights, including pursuing legal action to protect our interests.
Binance Launches "Together Initiative," Allocating $400 Million to Rebuild Industry Confidence
On October 14, 2025, Binance announced the launch of the "Together Initiative," an industry recovery and confidence-building program aimed at addressing recent extreme volatility in global crypto markets. The initiative includes two core measures:
First, Binance will distribute a total of $300 million in cash vouchers to compensate users who meet all the following criteria: suffered forced liquidation losses in futures and margin trading during October 10–11, 2025; incurred total liquidation losses of at least $50 equivalent; and had liquidation losses accounting for at least 30% of their total assets (based on asset snapshot from October 9). Voucher amounts range from $4 to $6,000 and are expected to begin distribution within 24 hours, completing within 96 hours.
Second, Binance will establish a $100 million low-interest loan fund to assist ecosystem and institutional users severely impacted by market volatility to restart trading and alleviate liquidity pressures. Eligible VIP and institutional users can apply via dedicated account managers.
Binance stated that while it does not accept legal liability for user losses, rebuilding industry confidence is critical. It reaffirmed its belief in the long-term development of the crypto industry and reminded users of the high risks inherent in crypto markets, urging rational investment and proper position management.
Analysis: ATOM Spot Price Briefly Touched $0.001, But Did Not Trigger Contract Liquidations
According to Vida, founder of Equation News, ATOMUSDT briefly dropped to $0.001 on Binance’s spot market at 05:20:37 on October 11, 2025, lasting only 8 milliseconds. This occurred because market makers withdrew, leaving no bids to absorb sell orders. Although this price did exist momentarily, contract mark prices—calculated using a rolling average over several minutes—prevented a wave of contract liquidations. Prices quickly returned to normal levels within milliseconds.
UXLINK Announces Launch of First Token Buyback Program This Weekend
According to UXLINK’s official disclosure, the project will launch its first token buyback program this weekend.
Funding for the buyback comes from frozen funds returned by centralized exchange partners. Buybacks will occur on exchanges where UXLINK trading has resumed, involving $UXLINK tokens on the Ethereum mainnet.
Per a community proposal, all repurchased $UXLINK tokens will be allocated to the exchange and compensation program. UXLINK stated that as more frozen funds are returned, additional rounds of buybacks will continue.
Meteora Updates Tokenomics: Splits Original 20% Allocation to Mercurial
Solana-based liquidity management platform Meteora has updated MET tokenomics. The originally allocated 20% to Mercurial has now been split into: 15% allocated to Mercurial stakers, and 5% allocated to the Mercurial Reserve. The Mercurial Reserve will count toward circulating supply but will not be released at TGE.
OpenSea Reminds Users to Connect EVM Wallets to Receive Rewards
According to OpenSea’s official announcement, the platform reminds users to connect their EVM wallets to their OpenSea reward profiles. OpenSea stated that most rewards are distributed on EVM chains, and users without connected EVM wallets will not receive EVM-based rewards.
Garrett Jin: We Remain Bearish—Sustainable Rally Unlikely Until Exchanges Establish Stability Funds to Restore Market Confidence
Garrett Jin posted on social media: "We remain bearish. The recent price rebound is mainly due to excessive long leverage. The crash on 10/11 wiped out most leveraged players. Without exchanges establishing stability funds to restore market confidence, a sustainable rally is unlikely."
Earlier reports indicated that a high-profile BTC whale who recently swapped into ETH continued adding short positions in BTC, increasing holdings to 4,348.74 BTC worth approximately $492 million. Analysts suggest this whale may refer to Garrett Jin, a former exchange executive.
Oracle Cloud Plans to Deploy 50,000 AMD AI Chips in Second Half of 2026
According to CNBC, Oracle Cloud plans to deploy 50,000 AMD AI chips in the second half of 2026. AMD (AMD.O) rose 1% in pre-market trading.
Market Movements
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This article features an in-depth interview with a crypto KOL known as "Chain Expert," exploring his journey from traditional media to becoming a full-time "airdrop farming" blogger. It shares his success stories, failures, and insights on future trends in the crypto space, while analyzing the current state and evolution of the "airdrop farming" niche.
Binance Airdrops 1.75 Million ENSO Tokens: Full Breakdown of Rules and Project Details
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Forbes: Trump, One of America’s Largest BTC Investors
This article details how Trump indirectly holds a large amount of Bitcoin through his media and technology group (TMTG), estimated at $870 million, making him one of the world’s largest Bitcoin investors. During his second presidential term, his Bitcoin investment strategy and related crypto ventures (such as World Liberty Financial and memecoins) significantly drove up Bitcoin prices, adding billions to his personal wealth. Meanwhile, TMTG raised substantial capital through Bitcoin investments and stock offerings, though its media business valuation declined. Trump evolved from initial skepticism toward cryptocurrencies to becoming a strong supporter, showcasing his opportunistic business approach.
5 Promising New Projects in the Robotics Sector Worth Watching
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Behind the Crypto Crash: Why Market Makers Became Agents of Chaos?
This article recounts the $19 billion crypto market crash between October 10 and 11, 2025, identifying market maker withdrawal as a primary cause of market disorder. It analyzes market makers’ behavior patterns during the collapse, incentive structure flaws, and cascading effects of auto-deleveraging (ADL) mechanisms, while offering recommendations for future improvements.
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