according to CCTV News, on October 16th local time, US President Trump posted on his social platform "Real Social" that he had just finished a phone call with Russian President Putin, and the call was very productive. Trump said he is still committed to helping resolve the conflict in Ukraine, and the two sides spent a lot of time discussing trade issues between Russia and the US after the end of the Ukraine conflict. Trump announced that US Secretary of State Pompeo will represent the US at the upcoming meeting with Russia. The meeting location and delegation members are yet to be determined. Trump said he will meet with Putin in Budapest, Hungary after the advisor meeting to discuss whether it is possible to end the conflict between Russia and Ukraine.

On October 17th, it was reported that executives from Mellon Bank in New York stated during a recent financial report discussion on Thursday that the bank has advanced multiple blockchain-related investments to 2025—including investments supporting real-world asset settlement and tokenized payments. The executives attributed this acceleration to a more "positive" regulatory environment and improved market conditions.

 according to crypto analyst Emmett Gallic's monitoring, Coinbase is converting its holdings of MATIC tokens into POL tokens. MATIC tokens have been upgraded to POL tokens in September 2024. In the past 48 hours, Coinbase has converted $160 million worth of MATIC tokens into POL tokens.

Bloomberg News said Ripple Labs is leading a $1 billion financing round to stockpile XRP.

the yen fell to its lowest level since March against the dollar; the latest USD/JPY rose 0.4% to 150.935.

 Musk stated that xAI will release an AI-generated game by the end of 2026.

 market shows that the Meme coin "Binance Life" briefly broke through $0.19, now reported at $0.1425, with a market value exceeding $140 million. The market is fluctuating greatly, please manage risks.

 Standard Chartered Bank estimates that stablecoins may attract $1 trillion in funds from emerging market banks in the next three years.

Mary Daly, President of the Federal Reserve Bank of San Francisco, recently stated that the potential artificial intelligence (AI) bubble in the stock market may not threaten overall financial stability. Daly emphasized: "We should be wary of the idea that all bubbles are financial bubbles, and there is currently little evidence to suggest that the AI bubble belongs to this category." She pointed out that from a research and economic perspective, investments in the field of AI are more like a "beneficial bubble" - even if investors do not receive all the returns expected by early enthusiasts, they can still leave behind productive results rather than nothing. Specifically, Daly gave three reasons: first, the AI capital expenditure boom is driven by financially sound large companies, not a wave of high-risk startups, which does not pose a threat to financial stability; second, even if investors' enthusiasm is too high, it can still help the development of this transformative technology, similar to how the internet bubble burst but left behind internet technology; third, AI, like the iPhone, has transformative power, unleashing unknown opportunities and increasing overall economic productivity. 

according to Lookonchain monitoring, an address (0x8844) spent 5 BNB (about $5756) two days ago to purchase 11.15 million Meme coins "Binance Life", which are now worth over $1.6 million.