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Telegram has renamed its wallet service 'Gram wallet', which was previously available only to a limited number of users, to 'Money', and has officially launched it to over one billion users across the platform. 'Money' is a built-in wallet for the Gram token, supporting storage, transfers, and the purchase of platform gifts and collectible usernames. Additionally, the accompanying trading platform 'Walt' offers services for over 300 assets, including tokenized stocks, precious metals, perpetual contracts, and wealth management projects. Users can transfer funds instantly from 'Walt' to the 'Money' wallet without incurring network fees. The official announcement also cautions that investing in crypto assets carries associated risks.

On October 9, U.S. consumer confidence further declined in early October, with assessments of the current economic situation falling to a historic low. Persistently high inflation is increasing financial pressure on American households. A preliminary survey released by the University of Michigan on Friday showed that the consumer confidence index for October dropped to 46.3, the lowest level since May. The current economic conditions index plummeted from 50.9 in September to 44.7, marking the lowest level on record. Meanwhile, the consumer expectations index rose from 46.3 to 47.3, the first increase since July. With gasoline prices remaining high, borrowing costs rising, and hiring activity slowing, U.S. consumer confidence continues to deteriorate. The survey indicates that consumers expect prices to rise by 4.7% over the next year, up from 4.6% in September. Long-term inflation expectations for the next 5 to 10 years increased to an average of 3.5%, slightly above the September level. Joanne Hsu, director of the University of Michigan's consumer survey, stated in a release that this month, there was a notable decline in the confidence index among low-income consumers and those with smaller stock portfolios.

On October 9, President Trump is intensifying efforts to dismiss Federal Reserve Governor Cook. The White House announced on Friday the establishment of an 'Investigation Committee' to look into allegations that Cook made false statements in one or more mortgage documents. This move is the latest in Trump's ongoing attempts to reshape the leadership of the Federal Reserve. With only a few weeks remaining until the Fed's next monetary policy meeting, Fed officials voted unanimously last month to raise interest rates, contrary to Trump's consistent advocacy for rate cuts.