ImportantPANews
Fed's Logan: At Least Two More 25-Basis-Point Rate Hikes Are Required
2026 FOMC voter and Dallas Fed President Lorie Logan stated in a speech at Davidson College that the Federal Reserve needs to implement at least two additional 25-basis-point rate hikes. Skipping a policy meeting will not alter the ultimate policy objective; pausing after a cumulative 50 basis points of additional tightening will allow policymakers to assess subsequent policy actions. Logan noted that it is "unacceptable" for inflation to fail to decline to the 2% target, and the current 3.75% to 4.00% interest rate range is insufficient to achieve the inflation target. This week, the Federal Reserve voted 10-2 to hold interest rates unchanged, with Logan voting in favor of the decision.
More flash news
View allPolymarket Launches 15-Minute Up/Down Prediction Markets for Gold and Silver
Chainlink posted on the X platform stating that prediction market Polymarket has deepened its collaboration with the official Chainlink oracle, expanding its high-speed 15-minute prediction markets from cryptocurrencies to other asset classes. The 15-minute up/down markets for gold and silver are now live, with additional commodities to be added subsequently, followed by expansions into equities and foreign exchange. Polymarket also confirmed the launch of the aforementioned markets on the X platform, noting that Chainlink serves as the official oracle partner for its high-speed up/down markets.
Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018
Binance lost about $6.4 billion, the largest crypto hack on record, yet Bitcoin fell about 3%, against nearly 11% in 2018 when the exchange was last attacked.
Data: DeFi TVL Fell 5.30% the Day After Binance Hack, Hitting New Low Since Late August
Total DeFi Total Value Locked (TVL) hit a new low in nearly two and a half months<p>On October 30, DeFi Total Value Locked (TVL) declined by 5.30% to stand at $83.95 billion, marking the lowest level since August 21. This downward movement occurred exactly one day following the Binance security breach incident.</p><p>Over the same period, the total stablecoin supply has retreated to $296.6 billion. This metric has remained consistently below the $300 billion threshold since October 24, indicating a phased contraction in overall market liquidity.</p><p>The sharp pullback in DeFi TVL, combined with the sustained weakening of total stablecoin supply, reflects a notable decline in risk appetite across the crypto market recently, alongside rising capital risk-aversion sentiment.</p>
$8 Million Crypto Kidnapping Lands Texas Brothers 15-Year Prison Terms
Raymond and Isiah Garcia held a Minnesota family at gunpoint for more than nine hours, forcing the father to transfer over $8 million in crypto, in one of the clearest “wrench attack” prosecutions yet.
Claude Renames Max 20x to Ultra and Removes Its 5-Hour Usage Cap
Claude posted on the X platform announcing a rebranding of its Max subscription tiers: Max 5x is renamed to Max, and Max 20x is renamed to Ultra, with pricing remaining at $100 and $200 per month respectively. Existing subscribers do not need to take any action. Effective immediately, the 5-hour usage limit for verified Ultra accounts has been lifted, with the majority of existing subscribers covered in the first rollout. Newer accounts will retain temporary restrictions until verification is completed to prevent fraud and abuse, and users will receive an email notification when restrictions are removed. The weekly usage limit remains unchanged.