Wallet of Satoshi announced on X platform that the team has decided to remove the application from Google Play and Apple App Store after careful consideration, and will no longer provide services to users in the United States. The team hopes that future developments will allow them to re-evaluate and possibly resume their business in the United States.

On November 3rd, after the release of non-farm data, the federal funds futures price showed that the possibility of the Fed raising interest rates in January next year had dropped to less than 20%. (Jin10)

Austan Goolsbee, President of the Chicago Federal Reserve Bank, stated that the US Federal Reserve will assess inflation numbers before deciding on maintaining higher interest rates. The Fed will begin reducing rates once the path to decrease inflation is clear. Goolsbee explained that the Fed's challenge is to contain inflation without causing a major recession. The uncertainty surrounding interest rates and the macroeconomic scenario has generally been bullish for Bitcoin price. The US central bank will have to balance keeping the deflationary path going and avoiding a huge rise in unemployment.

The global market is closely watching the US Federal Reserve's interest rate meeting this week, with expectations high for a potential increase. Hang Seng Bank's Director of Commercial Banking, Lin Yansheng, predicts that interest rates will rise but only temporarily. The bank has recognized the need for crypto and has outlined rules for virtual asset businesses to operate, allowing them to open standard banking accounts with an AIP license from the Securities Regulatory Commission. Yansheng acknowledges that Hong Kong's high-interest rates have slowed loan growth, but he expects interest rate cuts next year to improve the situation.

US Federal Reserve Chair Jerome Powell has stated that the central bank's aim of keeping inflation contained at a 2% target is still far from being achieved. Speaking at a post-Fed meeting press conference, Powell discussed the state of the US economy and the forecast for the coming months.

The US Federal Reserve has increased interest rates by 25 basis points, reaching their highest level in 22 years at 5.25-5.5%. Fed Chair Jerome Powell stated that the Fed may hike interest rates further depending on incoming US economic data. However, most analysts believe that this was the last interest hike of this tightening cycle, and the Fed will pause for the rest of the year.

The US Federal Reserve is expected to raise interest rates on Wednesday, which will be the highest rates since 2001. The market predicts a 25 basis point rate hike, bringing the target rate to the 525-550 basis point range. It is uncertain how the Federal Open Market Committee (FOMC) views future interest rate probabilities as the economy has not yet shown signs of weakening. Traders project a 19% chance of a rate hike in the September meeting and a 40% chance in the November meeting. The Fed may enforce further monetary policy tightening if the economy weakens.

On Monday, leveraged long positions worth $41.5 million in the bitcoin futures market were liquidated, marking the second largest daily long liquidation this month. The drop in bitcoin's price to under $29,000 and caution ahead of the US Federal Reserve policy announcement and US Core PCE inflation may have contributed to the liquidation.

Bitcoin, the world's largest cryptocurrency by market capitalization, has rebounded from support at $29,500 and is currently trading just above $30,000. The cryptocurrency has been testing key short-term support levels in the mid-$29,000s multiple times this week, with the bulls holding firm for now. Bitcoin has been rangebound between $29,500 and $30,500 for almost a week, with a lack of notable US macro events and updates on US crypto regulation/institutional adoption. The upcoming US Federal Reserve meeting next week, where interest rates are expected to be lifted, could trigger some breakouts in the bitcoin market.

On Monday, the US Federal Reserve's Vice Chair for Supervision, Michael S. Barr, spoke about the need for banks to be resilient to unanticipated risks, citing the recent regional banking crisis that affected several small banks in the United States.