📰 Top Stories
• U.S. unadjusted CPI rose to 3.7% year over year in September, its highest level since May. Core CPI also climbed, with tensions in the Middle East pushing up fuel prices and fueling broad-based inflation.
• Markets are increasingly pricing in Fed tightening. Interest rate futures show growing bets on three more rate hikes by the end of 2027. The U.S. dollar index rose in the short term, while gold and silver came under pressure.
• Kraken’s parent company plans to acquire Lithuania’s Saldo Bank, advancing its efforts to secure a traditional banking license. Its planned expansion into four EU markets in 2027 has taken another step forward.
• Hardware wallet provider Ledger reminds users to seek help with device issues only through official channels. The company will never call users unprompted or ask for their recovery phrases. Beware of scams impersonating customer support.
📊 Market Data
• Several indicators in the BlockBeats Market Pulse Index remain at Hold. BTC and ETH liquidity and the long/short ratios for futures contracts are near neutral, with few short-term directional catalysts and neutral sentiment.
• The top five net inflows on Solana recently were WBTC, SYRUPUSDC, ETH, CBBTC, and HYPE, with individual net inflows of around $310,000 to $1.4 million. Capital is rotating between established and emerging assets.
• After CPI was released, all three major U.S. stock index futures plunged and turned negative. Bitcoin fell below $83,000, spot gold dropped nearly 1%, and silver fell nearly 2%.
• U.S. unadjusted CPI rose to 3.7% year over year in September, its highest level since May. Core CPI also climbed, with tensions in the Middle East pushing up fuel prices and fueling broad-based inflation.
• Markets are increasingly pricing in Fed tightening. Interest rate futures show growing bets on three more rate hikes by the end of 2027. The U.S. dollar index rose in the short term, while gold and silver came under pressure.
• Kraken’s parent company plans to acquire Lithuania’s Saldo Bank, advancing its efforts to secure a traditional banking license. Its planned expansion into four EU markets in 2027 has taken another step forward.
• Hardware wallet provider Ledger reminds users to seek help with device issues only through official channels. The company will never call users unprompted or ask for their recovery phrases. Beware of scams impersonating customer support.
📊 Market Data
• Several indicators in the BlockBeats Market Pulse Index remain at Hold. BTC and ETH liquidity and the long/short ratios for futures contracts are near neutral, with few short-term directional catalysts and neutral sentiment.
• The top five net inflows on Solana recently were WBTC, SYRUPUSDC, ETH, CBBTC, and HYPE, with individual net inflows of around $310,000 to $1.4 million. Capital is rotating between established and emerging assets.
• After CPI was released, all three major U.S. stock index futures plunged and turned negative. Bitcoin fell below $83,000, spot gold dropped nearly 1%, and silver fell nearly 2%.