Evening Wrap · October 28, 2026
Markets anticipate a Federal Reserve rate hold as persistent inflation offsets a risk-asset rally, while an FEC system outage leaves millions in eleventh-hour crypto PAC spending obscured days before…
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Federal Reserve Poised to Hold Benchmark Rate at 3.75% to 4.00%
Futures markets indicate a 90% probability the Fed will leave interest rates unchanged. Persistent inflation and near 5% Treasury yields continue to constrain liquidity for risk assets like Bitcoin ($BTC).
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Reported FEC Cyberattack Halts Electronic Campaign Finance Filings
A system outage linked to a reported cyberattack paused real-time campaign finance disclosures six days before the 2026 midterms, blinding watchdogs to late expenditures from major crypto super PACs.
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Moody's Assigns A2 Rating to Ripple's RLUSD Stablecoin
Moody's assigned an A2 long-term deposit rating to RLUSD, citing reserve quality consisting of cash and short-duration Treasuries. The rating agency noted a lack of bankruptcy remoteness as a key constraint.
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Attacker Siphons $1.01 Million From Avalanche Tranche Vault
An exploit drained roughly $1.01 million in USD Coin ($USDC) from an Avalanche Tranche Vault using manipulated flash loans to mint and redeem inflated shares, according to security firm Blockaid.
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Birch Hill Raises $4 Million to Tokenize Private Credit
Birch Hill secured a $4 million seed round led by Multicoin Capital. The firm submitted a FINRA broker-dealer application to offer tokenized private credit to accredited investors.
The numbers
Bitcoin traded up slightly at $81,209 alongside Ethereum at $2,358, pushing the total digital asset market capitalization to $2.68 trillion.
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