Hot Topics on October 11
Web3 Hot Topics on October 11
1. Tron founder Justin Sun was elected Prime Minister of Liberland
Tron (TRX) founder Justin Sun was elected Prime Minister of Liberland in the October 5 election. Liberland is a self-proclaimed sovereign microstate located between Croatia and Serbia.
2. BNBChain announced to host the 4th BNB Incubation Alliance (BIA)
BNB Chain announced that it will host the 4th BNB Incubation Alliance (BIA) during BBW in Dubai on October 31, 2024. Highlights include speeches from multiple nominated projects and several venture capital companies and incubators including Binance Labs as judges.
3. Inflation data is welcome, policy adjustments are important
Federal Reserve Logan said that recent inflation data is "very welcome" and that less restrictive policies can also cool inflation. The U.S. economy remains strong and stable. He stressed that it is important to gradually adjust policies toward a neutral interest rate and that banks must continue to diversify their financing channels.
4. The annual rate of US PPI is higher than market expectations
According to Odaily Planet Daily, the annual rate of US PPI in September was 1.8%, higher than the expected 1.6%, and the previous value was revised from 1.70% to 1.9%. The monthly rate of US PPI in September was 0%, lower than the expected 0.1%, and the previous value was 0.20%.
5. US inflation rate is expected to rise in October
According to Odaily Planet Daily, the initial value of the US one-year inflation rate in October was 2.9%, and the previous value was 2.7%. The initial value of the US five- to ten-year inflation rate in October was 3%, and the previous value was 3.1%.
