PANews reported on October 14 that according to official news from the MSX platform, the 16-day "MSX Contract King of Glory Championship (First Phase)" successfully concluded on October 10, 2025.
The competition featured four major rankings: the Tactics Masters (Rate of Return), the Profit Dominance (Absolute Return), the Volume Champion (Trading Volume), and the Counter-Index Assist (Loss). The champion achieved a return of 380.46%, with the highest absolute return exceeding $478,000 USD. The top trader on the Trading Volume rankings generated over $25.18 million in turnover.
The event offers a total prize pool of 19,000 USDT in US stock tokens, with top three leaderboard rewards distributed in $MP.M and the reverse assist competition rewarded in $PDD.M. The MSX platform stated that it will continue to optimize the competition mechanism and enhance the user experience, and looks forward to achieving even greater success in the next tournament.

Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
