【Binance Listing】bStocks adds 4 more U.S. stocks at 8 p.m. tonight
Binance announced that four bStocks spot trading pairs—BBB, MDBB, PENGB, and UVXYB—will launch today at 20:00, just as tonight’s CPI data is released. $BTC and U.S. stock volatility could both be amplified.
The four tokens are each pegged to BlackBerry, MongoDB, Penguin Solutions, and a short-term VIX futures ETF, respectively. They track prices only and do not represent shareholder rights.
UVXYB is the one to watch most closely: half an hour after trading opens, at 20:30, the U.S. September CPI will be released. According to KuCoin, the year-over-year forecast is 3.6%, up from 3.4% previously.
My take: liquidity may be thin when the new tokens open, and the timing coincides with the data release, so spreads could be wide. There’s no need to rush in right away. If the CPI comes in without much fuss, that concern will be moot.
$BTC 1h resistance zone: 84,083–84,437. If CPI comes in hotter than expected, first watch whether 83,362 holds.
Would you use UVXYB to hedge against CPI?
Source: Binance announcement, KuCoin
$BTC #币安上新 #CPI
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, and does not constitute investment advice. DYOR.
Binance announced that four bStocks spot trading pairs—BBB, MDBB, PENGB, and UVXYB—will launch today at 20:00, just as tonight’s CPI data is released. $BTC and U.S. stock volatility could both be amplified.
The four tokens are each pegged to BlackBerry, MongoDB, Penguin Solutions, and a short-term VIX futures ETF, respectively. They track prices only and do not represent shareholder rights.
UVXYB is the one to watch most closely: half an hour after trading opens, at 20:30, the U.S. September CPI will be released. According to KuCoin, the year-over-year forecast is 3.6%, up from 3.4% previously.
My take: liquidity may be thin when the new tokens open, and the timing coincides with the data release, so spreads could be wide. There’s no need to rush in right away. If the CPI comes in without much fuss, that concern will be moot.
$BTC 1h resistance zone: 84,083–84,437. If CPI comes in hotter than expected, first watch whether 83,362 holds.
Would you use UVXYB to hedge against CPI?
Source: Binance announcement, KuCoin
$BTC #币安上新 #CPI
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, and does not constitute investment advice. DYOR.