PANews reported on October 13 that according to PRNewswire, Nasdaq-listed Ethereum treasury company BitMine Immersion Technologies disclosed updated data on its cryptocurrency holdings. As of October 12, Eastern Time, the company's holdings included 3,032,188 ETH and 192 Bitcoin. In addition, the company also held Eightco Holdings shares worth US$135 million.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
