News

Foresight News reported that BNB treasury company Applied DNA Sciences, Inc. (NASDAQ: BNBX) announced the completion of its previously disclosed PIPE (Private Investment in Public Equity) financing, which was co-led by institutional DeFi and TradFi investors. This PIPE financing brought the company approximately $27 million in total proceeds (before deducting underwriting and related fees), and the company may obtain up to an additional $31 million in total proceeds through the exercise of warrants in the future. The total proceeds from this PIPE round include: $15.3 million in cash and stablecoins; and $11.71 million worth of units of the OBNB trust. The company received 0.126 units of the OBNB trust per prefunded warrant and common warrant, totaling 435,638 trust units, representing indirect ownership of 10,647 BNB tokens. In addition, the company announced today that it has purchased an additional 4,908 BNB tokens, with a total value of approximately $5.3 million as of 10:00 PM (UTC+8), October 20, 2025, Eastern Time.

Jinse Finance reported that "Fed mouthpiece" Nick Timiraos wrote that Federal Reserve officials have recently lost access to employment data provided by third parties. Since 2018, payroll processing company ADP has been providing the Federal Reserve with a dataset containing anonymous employment and income information, covering 20% of the U.S. private sector workforce. The Fed typically received this data with about a one-week delay, making it a timely and comprehensive measure of labor market conditions. According to informed sources, after Federal Reserve Governor Waller delivered a speech at the end of August that drew public attention to the Fed's long-term use of ADP employment data, ADP stopped providing this data to the Fed. The specific reason for this change remains unclear. In Waller's speech, he cited ADP data in a footnote, further illustrating his concerns about the slowdown in the labor market. The footnote pointed out that preliminary estimates showed a continued deterioration in hiring conditions over the summer, and the data covered a period beyond the latest government data.