[Weekend Key News Review] Driven by ETF capital inflows and the government shutdown, Standard Chartered Bank reaffirms Bitcoin's target price of 200,000 US dollars at the end of the year; NYDIG questions the transparency of the reserve report for the Trump family's stablecoin USD1; Adviser Trump: If negotiations on the government shutdown do not progress, layoffs will begin

Comparative review of the weekend's key news:

[Driven by ETF capital inflows and government shutdowns, Standard Chartered Bank reaffirms Bitcoin target price of $200,000 at the end of the year]

According to Cyptoslate, Geoffrey Kendrick, head of digital asset research at Standard Chartered Bank, reiterated his target for Bitcoin's year-end price of $200,000 on October 2. Kendrick said the inflow of new ETF funds and the US government shutdown could drive cryptocurrency prices higher in the coming weeks.

In his report to clients, Kendrick said that Bitcoin is expected to break through an all-time high within a few days and possibly reach $13.5 million in the next few weeks, which is slightly later than his previous predictions.

【NYDIG[Questioning the transparency of the reserve report for the Trump family stablecoin USD1]

Comparing news, according to Coindesk, the Trump family is deeply involved in crypto companiesWorld Liberty FinancialThe transparency and quality of the USD1 stablecoin issued has been questioned as a proof of reserve report.

NYDIG analysts pointed out that although USD1 claims to be fully backed 1:1 by cash equivalents such as US bonds, its currently issued certification report falls short of industry-leading transparency standards and needs further improvements. Previously, due to Trump's political influence and his family's close financial ties to the company, the USD1 project had raised serious concerns among US senators about conflicts of interest and national security risks.

[Advisor Trump: If negotiations on the government shutdown do not progress, layoffs will begin]

Comparative news. According to Kim Ju's report, US White House National Economic Council Director Hassett said that Trump's threat of large-scale layoffs during the government shutdown depends on whether the Democratic Party will succumb to the government funding impasse. Hassett said that if the president decides that there is no progress in the negotiations, layoffs will begin.

He said he hopes we can make the Democrats realize that avoiding such layoffs is common sense. Hassett said that if the Democratic Party can act rationally after returning to town on Monday, then he sees no reason to lay off workers.

[10x Research: Bitcoin exchange balances fall to a six-year low]

Comparing news, 10x Research posted an article on the X platform saying that the Bitcoin exchange balance has fallen to its lowest point in six years, indicating that supply is rapidly drying up. Furthermore, multi-billion dollar ETF inflows and changes in institutional behavior suggest that Bitcoin's breakout of its all-time high may have deeper roots.

[Next Week's Important Events and Data Forecast: Federal Reserve Meeting Minutes and Powell's Speech]

Comparative news, next week's important events and data forecasts — minutes of the Federal Reserve meeting, intensive speeches by European and American central bank officials, OpenAI developer conference...

Monday: US Global Supply Chain Stress Index for September.

Tuesday: US trade balance for August, New York Federal Reserve 1-year inflation forecast for September. Federal Reserve Bostic, Federal Reserve Governor Milan, and Federal Reserve Kashkari delivered speeches. OpenAI is hosting the 2025 Developer Conference.

Wednesday: ECB President Lagarde, Federal Reserve Governor Barr, and Bank of Japan Governor Ueda Kazuo deliver speeches.

Thursday: The US 10-year treasury bond auction until October 8 won the bid interest rate and bid multiplier. Number of jobless claims in the US until the beginning of the week of October 4 (to be determined). The Federal Reserve announced the minutes of the monetary policy meeting; Federal Reserve Kashkari, Federal Reserve Governor Bowman, and Federal Reserve Chairman Powell delivered speeches.

Friday: The initial value of the US inflation rate forecast for the first year of October, and the preliminary value of the University of Michigan consumer confidence index for October. Federal Reserve Kashkari and Federal Reserve Goulsby delivered speeches. A meeting of EU finance ministers was held.

Saturday: The CFTC publishes its weekly position report. ECB Executive Director Kazax delivered a speech.

【BitwiseExecutives:SolanaIt will become Wall Street's preferred stablecoin network]

Comparing news, Matt Hougan, chief investment officer at crypto asset management firm Bitwise, believes that although Ethereum dominates, Solana's speed, throughput, and finality make it particularly attractive and will be the preferred network for Wall Street stablecoins and tokenizing real-world assets.

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