[Bitpush Daily News Selection] Federal Reserve meeting minutes: Participants generally expect inflation to remain elevated in the short term; UK Financial Conduct Authority lifts retail crypto ETN ban, market may see 20% growth; MetaMask confirms token issuance, will launch rewards program and integrate with Polymarket

Bitpush editors' daily selection of Web3 news:

[Federal Reserve Meeting Minutes: Participants Generally Expect Inflation to Remain Elevated in the Short Term]

According to Bitpush, citing Golden Ten Data, the Federal Reserve meeting minutes mentioned that regarding the inflation outlook, participants generally expect that with appropriate monetary policy, inflation will remain at a relatively high level in the short term and then gradually fall back to 2%. Some participants pointed out that business contacts indicated they would gradually raise prices due to increased input costs caused by tariffs. Although the impact of this year's tariff hikes on inflation remains uncertain, most participants expect these effects to be fully reflected by the end of next year. Some participants believe that the labor market is not expected to become a source of inflationary pressure.

[UK Financial Conduct Authority Lifts Retail Crypto ETN Ban, Market May See 20% Growth]

According to Bitpush, the UK Financial Conduct Authority officially lifted its four-year ban on retail crypto ETNs on Wednesday, opening up crypto exchange-traded notes to ordinary investors for the first time. This move aligns the UK with markets such as the US and Canada, allowing investors to participate in crypto investments through regulated exchanges.

According to IG Group research, this move could drive a 20% increase in the size of the UK crypto market. Surveys show that 30% of UK adults are considering investing in crypto via ETNs, a significant increase from the current 12% holding rate. The willingness among younger investors is particularly strong, with about half of those aged 18-34 expressing interest.

Experts point out that allowing crypto ETNs to be held in tax-free savings accounts and pensions is a key attraction. However, related products have not yet been listed on the London Stock Exchange, and the retail ban on crypto derivatives remains in effect.

[MetaMask Confirms Token Issuance, Will Launch Rewards Program and Integrate Polymarket]

According to Bitpush, MetaMask has launched perpetual contract trading and will introduce a points rewards program by the end of October, confirming plans for token issuance. Users can earn points within the wallet through token swaps, perpetual contract trading, and other activities. By the end of the year, MetaMask will exclusively integrate the Polymarket prediction market within the wallet, marking its evolution from a wallet to a global self-custody financial platform.

[Coinbase Launches Crypto Staking Services in New York State]

According to Bitpush, Coinbase has launched crypto staking services in New York State, after years of being unable to offer them to local users due to regulatory restrictions. New York users can now stake mainstream crypto assets such as Ethereum, Solana, Cosmos, Cardano, Avalanche, Polygon, and Polkadot on Coinbase. Previously, former New York crypto regulator Adrienne Harris reached a $100 million settlement with Coinbase in 2023. Coinbase stated that this development allows New York residents to enjoy the same earning opportunities as residents of other states.

[Coinbase's Base Team Launches Token and Governance Research Position, Officially Advancing Decentralization Plans]

According to Bitpush, Coinbase's Ethereum Layer 2 network Base is currently hiring a "Token & Governance Research Specialist," indicating that it is officially planning token issuance and a decentralization roadmap. This position is responsible for formulating potential token objectives for the Base ecosystem and advancing governance decentralization in stages, including designing governance systems, drafting the "Base Charter," establishing on-chain voting mechanisms, and community participation processes.

Previously, Base lead Jesse Pollak and Coinbase CEO Brian Armstrong both stated that the team is "exploring the issuance of a native token," marking a shift from Coinbase's initial "no token plan" stance.

[Ethena and Jupiter Plan to Launch Solana Ecosystem Native Stablecoin JupUSD in Q4]

According to Bitpush, Ethena announced a partnership with Jupiter to launch the Solana ecosystem's native stablecoin JupUSD, which is planned for release in the fourth quarter. As part of the protocol, Jupiter plans to "gradually convert" approximately $750 million of USDC in its liquidity provider pool into JupUSD.