News

Jinse Finance reported that Nasdaq-listed Litecoin treasury company Lite Strategy announced that its board of directors has approved a $25 million stock repurchase program. The timing and specific number of shares to be repurchased will depend on market conditions. According to Lite Strategy's official website holdings data, the company currently holds 929,548.46 LTC, with a portfolio value of approximately $92,425,003. Litecoin founder Charlie Lee is a member of the company's board of directors.

Jinse Finance reported that "Federal Reserve mouthpiece" Nick Timiraos stated that the October FOMC meeting was somewhat different in the following aspects. The dot plot from September showed divisions within the committee: most members favored continuing rate cuts as a risk management tool, but a considerable number believed there was no need for further cuts. Normally, data can help reconcile these differences. However, due to the lack of high-level data between FOMC meetings to refine the outlook, members had less reason to change their positions. (Golden Ten Data)