PANews reported on October 14 that according to PRNewswire, Hyperscale Data, a NYSE American-listed company under the New York Stock Exchange, announced that it would expand its Bitcoin treasury allocation funds to US$54 million, including current holdings and funds allocated for commitments to purchase Bitcoin. Currently, its wholly-owned subsidiary Sentinum holds a total of 130.7807 Bitcoins (including 101.7068 Bitcoins acquired on the open market and approximately 29.0739 Bitcoins obtained from its Bitcoin mining business). It also allocated US$38.9 million in cash to purchase Bitcoin on the open market.PANews reported on October 14 that according to PRNewswire, Hyperscale Data, a NYSE American-listed company under the New York Stock Exchange, announced that it would expand its Bitcoin treasury allocation funds to US$54 million, including current holdings and funds allocated for commitments to purchase Bitcoin. Currently, its wholly-owned subsidiary Sentinum holds a total of 130.7807 Bitcoins (including 101.7068 Bitcoins acquired on the open market and approximately 29.0739 Bitcoins obtained from its Bitcoin mining business). It also allocated US$38.9 million in cash to purchase Bitcoin on the open market.

                                                                               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