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- 06:46ECB Governing Council member Rehn warns: Inflation outlook may face downside risksJinse Finance reported that European Central Bank Governing Council member Olli Rehn warned that consumer price growth could slow to below the 2% target. "At present, we have roughly reached this target—in that sense, the current situation is good," the Governor of the Bank of Finland told the Karon Grilli podcast. "However, in the coming years, downside risks to inflation still exist—due to factors such as a stronger euro, and the stabilization of wage and service inflation." After eight consecutive 25 basis point rate cuts within a year, officials are weighing whether further policy easing is necessary. Most officials seem to believe that as long as there are no new shocks, it is acceptable to keep the deposit rate at 2%, while others insist that the possibility of further rate cuts should not be ruled out.
- 06:13Analyst: Bitcoin short-term holders increased their holdings by 559,000 BTC in the past quarter, indicating a large influx of new buyers into the market.ChainCatcher news, CryptoQuant analyst Axel stated on social media, "In the past quarter, the bitcoin supply held by short-term holders increased by 559,000, rising from 4.38 million to 4.94 million, indicating a large influx of new buyers into the market."
- 05:55Bitwise: Q4 Will See Record Inflows into Bitcoin ETFJinse Finance reported that on October 7, the Chief Investment Officer of Bitwise stated that various favorable factors have converged, and Q4 will see record-breaking capital inflows into bitcoin ETFs, strong enough to push BTC prices to new all-time highs. There are three reasons: 1. The crypto industry has won over major wealth management platforms, with platforms such as Morgan Stanley and Wells Fargo, which manage massive assets, now allowing advisors to allocate crypto on behalf of clients; 2. "Devaluation trades" are a hot trend on Wall Street this year, and the government is indeed devaluing the currency; 3. There is optimism about bitcoin returns in Q4, and higher prices will stimulate even greater demand for bitcoin ETFs.