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U.S. October CPI came in well above expectations across the board, with the probability of a December rate hike nearing 100%!
U.S. headline CPI rose 0.4% month over month in October, above market expectations of 0.3%;
Core CPI rose 0.3% month over month, also above expectations of 0.2%.
Although headline inflation eased from 0.6% in September, core inflation remains stubborn, and price pressures are far from easing.
The Fed’s current target rate range is 3.75%–4.00%.
After the CPI report, markets have now almost fully priced in expectations for a 25-basis-point rate hike in December, which could bring the rate to 4.00%–4.25%.
High rates may persist longer than markets expect, with further tightening even possible. Liquidity expectations are once again coming under pressure for risk assets such as BTC, ETH, and U.S. stocks.
Ethereum Foundation sells 1,000 ETH worth $2.13 million again, 14 days later
According to on-chain analyst Ai Yi, an address associated with the Ethereum Foundation (0x5CB...2059) has sold another 1,000 ETH worth $2.13 million, 14 days after its previous sale.
When the address sold 2,785 ETH on October 26, ETH was priced at $2,306; this time, it was priced at $2,131.15.
The address still holds more than 24,000 ETH on-chain, worth approximately $51.46 million. $ETH
Tom Lee says: The price weakness of $ETH is disappointing to me,
but arguably reflects more of the market's impatience
- In 2026 - The tokenization supercycle is making steady and significant progress - The vast majority of it is happening on Ethereum $ETH - Ethereum founder VitalikButerin confirms that $ETH is a store of value - The crypto bull market is only just beginning - The AI narrative hasn't swallowed up all incremental capital
Taken together, all of this makes me optimistic about crypto's prospects over the next 24–36 months
In the 2018 bear market, people were exploring decentralization and supply chain finance. The blockchain, crypto, and mining communities were all discussing technology.
In the 2022 bear market, people were exploring the Bitcoin ecosystem, chain abstraction, and L2.
In the 2026 bear market, people no longer believe in any blockchain technology.
Jensen Huang has finally buckled under the pressure! He publicly admitted to cheating, and Nvidia’s board of directors has launched a formal investigation into espionage allegations!
Old Huang has truly been backed into a corner by public opinion this time.
He sent an open apology letter to all Nvidia employees, admitting in his own words: “I was unfaithful to my wife. My actions hurt my wife and children, and there are no excuses.”
He also apologized to the board, employees, and shareholders, saying he was willing to take full responsibility.
11 years later, Vitalik finally lays his cards on the table: Is crypto’s endgame still a store of value?
Bitcoin has always told just one story: digital gold, a store of value.
Over the past 11 years, Ethereum has brought the entire financial system on-chain—from the world computer and DeFi to NFTs, L2s, and the settlement layer.
But today, Vitalik made it clear: ETH should no longer make fee burning its core value proposition.
Even if the amount of ETH burned in the long run falls short of 10% of new issuance, there’s no need to be upset. ETH should focus on being a store of value. $ETH
Vitalik: Slowing the massive expansion of computing power is likely to do more good than harm overall
Recently, movements opposing the construction of data centers have emerged in several parts of the United States, drawing a lot of fierce criticism. Ethereum co-founder Vitalik Buterin wrote that he disagrees with this emotional reaction.
He believes that algorithms are constantly improving. Tasks that require more data centers today may be achievable with existing facilities a few years from now. So even if the anti-data-center movement were highly successful, it would not have catastrophic consequences.
On the contrary, slowing the expansion of computing power could buy the world time to address risks such as cybersecurity and biosecurity, and may therefore do more good than harm overall. $ETH $NVDAB
Among the current Top 10 CEXs, the two with the largest net outflows are Binance and MEXC. 1. Since the hack, Binance has seen net outflows of $5.8 billion over the past 7 days.
2. MEXC’s recent net outflows are due to the U.S. ordering financial institutions to stop processing its fund transfers, accusing it of helping Iran and North Korea handle illicit funds. $BTC $UNI
Lyn Alden Predicts: Bitcoin Could See a Super Bull Market Over the Next 3 Years, with 2028 Looking Especially Promising!
Renowned macroeconomist and longtime Bitcoin bull Lyn Alden recently said she expects Bitcoin to reclaim $100,000 and reach a new all-time high within the next three years.
She’s in no rush to turn bullish over the next 6 months, first watching to see whether Bitcoin can hold above its lows from earlier this year.
If no lower lows emerge, she believes Bitcoin could begin a strong cycle lasting 2–3 years around 2027.
She could be quite optimistic about the market in 2028. $BTC $ETH
U.S. nonfarm payrolls have blown past expectations! The Fed has another reason to hike rates!
The U.S. added 165,000 nonfarm jobs in October, far exceeding market expectations of 65,000, while the unemployment rate fell from 4.2% to 4.1%.
The labor market is this strong, yet inflation remains stubbornly hot. U.S. PCE inflation is still as high as 3.6%, nearly double the Fed’s 2% target.
With strong employment and high inflation, the Fed has little reason to rush into rate cuts. Instead, it has more room to keep rates high—or even raise them further.
In the short term, this is somewhat positive for the U.S. dollar and negative for gold, Bitcoin, and U.S. growth stocks.
The scenario markets least want to see is unfolding: the economy isn’t cooling noticeably, but high rates may persist for even longer.
Tonight at 21:30, U.S. October nonfarm payroll data will be released.
Bearish for BTC, U.S. stocks, and gold: Nonfarm payrolls increase by ≥100,000, the unemployment rate falls to 4.1% or lower, and wage growth exceeds expectations.
Bullish for BTC, U.S. stocks, and gold: Nonfarm payrolls increase by ≤40,000, the unemployment rate rises to 4.3% or higher, and wage growth falls short of expectations.
In line with expectations: Nonfarm payrolls increase by around 65,000, the unemployment rate is 4.2%, and hourly wages rise 0.3% month over month. $BTC $NVDAB