The US CPI will be released tomorrow night, and Standard Chartered said ETH will reach 4,000 next year. Data released on Wednesday showed that the US PPI annual rate in September was 2.2%, 1.6% higher than expected and 1.6% higher than the previous value. The US PPI monthly rate in September was 0.5%, 0.3% higher than expected and 0.7% lower than the previous value. Last month's PPI (Producer Price Index) rose. At 20:30 on Thursday night, the US announced the latest inflation CPI index. Standard Chartered Bank said that by the end of 2026, the price of ETH may reach $8,000, and by the end of 2024, the price of ETH will reach $4,000.
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Caroline Ellison, former CEO of Alameda Research, said in court testimony that FTX founder SBF instructed her to take billions of dollars from FTX customers and use them for his own investments and repay lenders, eventually taking about $14 billion. Alameda issued personal loans totaling more than $5 billion to SBF, FTX co-founder Gary Wang and former engineering director Nishad Singh. SBF had planned to close Alameda two months before FTX collapsed, but was unable to do so because it owed FTX $14 billion. Chain data shows that the total issuance of PYUSD, a stablecoin of the US dollar launched by payment giant PayPal, exceeds 100 million. CoinGecko reported that the top 12 BTC ETFs currently hold a total of 102,619 BTC, and the top three ETFs are: BITO holds 35,890 BTC, Purpose BTC ETF holds 25,284 BTC, and BTCQ holds 21,237 BTC. Santiment data shows that Tether's on-chain active addresses have reached a three-month high, mainly due to an increase in exchange deposits. Wallets with 1 million to 10 million USDT have been accumulating, and these signs indicate that buyers are interested in continuing to accumulate USDT in the future. Santiment data shows that the top 10 non-exchange and top 10 exchange addresses of ETH are becoming richer and richer, with 8.51% of the total ETH supply stored in exchanges, while the top 10 non-exchange wallets hold 39.22 million ETH.
Hedge fund tycoon Paul. Tudor Jones said: The combination of widespread geo-risk and rising U.S. government debt levels makes holding stocks difficult, but BTC and gold are attractive options. As interest costs in the United States rise, financing costs rise, debt issuance increases, which in turn leads to further liquidation of bonds, and the fiscal situation of the United States becomes unsustainable, I like BTC and gold. K33 Research pointed out in a market report that BTC serves as digital gold in a safe-haven environment and has the potential for the listing of spot BTC ETFs. Holding BTC may be the safest investment method at present. Before the CPI was released, at least four Fed members publicly stated that the recent rise in U.S. Treasury yields may reduce the need for further interest rate increases. Fed Kashkari: A potential rise in Treasury yields may mean that the Fed has to reduce its actions and inflation is falling; Fed Bostic: I don’t think we need to raise interest rates anymore, inflation has improved significantly; Fed said Pro: When we announced the balance sheet reduction, the entire impact of this policy was already priced in. Perelli, head of markets at the New York Federal Reserve Bank: It is unclear when reserves will become scarce, and the Fed can still conduct repurchase operations to increase liquidity if needed.
According to pricing in the futures market, investors believe that there is less than a 20% chance of another 25 basis point rate hike at the next interest rate meeting on October 31 and November 1. The dovish remarks of Fed officials have sparked speculation that the rate hikes are about to end. HSBC said: The possibility of the Fed raising interest rates in the fourth quarter has decreased, and it is recommended to buy risky assets. Lain Stealey, chief investment officer of Morgan Asset Management International, said that the central bank has implemented a lot of tightening policies, and the Fed and other central banks are more likely to suspend rate hikes in the fourth quarter to monitor these effects. Deutsche Bank: Both the Federal Reserve and the European Central Bank are expected to start cutting interest rates in 2024. Investors' expectations now seem too negative. Due to the risk of recession, the Federal Reserve will cut interest rates by 175 basis points starting in the second quarter next year.
After two years, the fourth quarter of this year is the time when the Federal Reserve and the European Central Bank will end their most aggressive tightening policies, and the first quarter of next year is the eve of the Federal Reserve and the European Central Bank starting a rate cut cycle. The tense time of cryptocurrencies has been reduced from the past two years to two quarters in the transition period. The "dead" FTX has now surfaced, and the SBF case is being tried in court. The court trial shows that the market maker Alameda led by SBF quietly took $14 billion from FTX and issued personal loans totaling more than $5 billion to co-founders. This case has attracted much attention from both inside and outside the industry, and even compared it to the notorious fraudster Bernie Maddoff, the largest known Ponzi scheme planner in American history, which temporarily caused Bitcoin's performance to lag behind the stock market again.
Tomorrow night, the US will release the latest inflation CPI. The core PCE price index for August released at the end of September has dropped to the 3 range (the published value is 3.9%, the previous value is 4.2%). The previous value of the core CPI is 4.3%, and the expected value is 4.1%. I hope it will meet expectations and put an end to this tightening cycle. Don't worry, it's useless to rush. Go according to the schedule. It is expected that the fourth quarter of this year will be the last relatively tense quarter of this cross-bull and bear market, and it is also the last transition period from the bear market to the bull market. We must believe that the Federal Reserve can create a bear market (withdrawal) or a bull market (release). #公链生态 #新币挖矿ntrn #一起来跟单 #注意资金安全 #DeFiChallenge
