PANews reported on October 31 that, according to Cointelegraph, Strategy Chairman Michael Saylor stated that while he hasn't completely ruled out the possibility of acquiring other Bitcoin asset reserve companies, the company is not interested in this due to the inherent uncertainty. Saylor stated during the company's third-quarter earnings call: "Generally speaking, we don't have any plans to engage in mergers and acquisitions, even if such activities seem to offer added value. There's just too much uncertainty involved, and these things often last six to nine months or even a year. What seems like a good idea at first might not be a good idea six months later."


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
