Morning check for 28 Oct. $BTC trades at 80,880 USDT (+1.06% over 24h) and $ETH at 2,350 USDT (+1.39%). Funding on both is +0.0100% per 8 hours. $BTC open interest is up 0.8% over 24h, and 66% of accounts are long. The Crypto Fear & Greed index reads 48.
In the news: USDC has overtaken USDT in euro stablecoin trading as EU rules reshape the market, per Kaiko data reported by Cointelegraph. The US OCC has called on community banks to become payment stablecoin issuers. The Keystone breach has deepened, with hackers stealing a key used to verify wallets as genuine.
Macro calendar: the Fed rate decision is today at 14:00 ET (forecast 4.00%, previous 4.00%), with a press conference at 14:30 ET. Tomorrow brings US Advance GDP (forecast 3.2%, previous 1.5%) and Core PCE (forecast 0.3%, previous 0.2%) at 08:30 ET, then the ECB rate decision at 09:15 ET.
Cost tip: at +0.0100% funding per 8 hours, holding 10,000 USDT for 24 hours costs about 3.00 USDT, on top of trading fees. Check your funding and leverage before key events, and verify where your wallet hardware comes from.
— BasisBack Research · not financial advice
In the news: USDC has overtaken USDT in euro stablecoin trading as EU rules reshape the market, per Kaiko data reported by Cointelegraph. The US OCC has called on community banks to become payment stablecoin issuers. The Keystone breach has deepened, with hackers stealing a key used to verify wallets as genuine.
Macro calendar: the Fed rate decision is today at 14:00 ET (forecast 4.00%, previous 4.00%), with a press conference at 14:30 ET. Tomorrow brings US Advance GDP (forecast 3.2%, previous 1.5%) and Core PCE (forecast 0.3%, previous 0.2%) at 08:30 ET, then the ECB rate decision at 09:15 ET.
Cost tip: at +0.0100% funding per 8 hours, holding 10,000 USDT for 24 hours costs about 3.00 USDT, on top of trading fees. Check your funding and leverage before key events, and verify where your wallet hardware comes from.
— BasisBack Research · not financial advice
