October 15: 💥💥💥 Market trends
BTC fell, and altcoins broadly declined. U.S. September CPI rose 3.7% year over year, above the expected 3.6%; the market estimates the probability of a Fed rate hike at its next meeting has risen from 22% to around 35%.
💥💥💥💥💥 Market highlights:
1. WAL, a storage project in the Sui ecosystem, rose about 47% against the trend. The Sui Foundation invested $30 million in DATA Network, with WAL set to become its default storage layer for AI data.
2. Zerebro, an AI agent concept token, rose about 59%. Futures trading volume climbed to $160 million, but no clear new catalyst has been identified so far.
3. U.S. stock futures contract BSP rose about 40%. Bending Spoons secured an additional $330 million investment from Berkshire Hathaway, increasing Berkshire's stake to 4%.
4. Oracle concept token PYTH rose about 8.7% against the trend, with trading volume around $55 million. Funding rates remained normal, making this an independent catch-up rally amid a weak market.
5. The higher CPI was mainly driven by energy: gasoline prices rose 9.1% month over month, and the energy index climbed 5.2%. BTC fell below $82,000.
6. U.S. stocks recorded their biggest single-day drop since July, led by AI stocks, as the market worried that higher financing costs would slow data center construction.
BTC fell, and altcoins broadly declined. U.S. September CPI rose 3.7% year over year, above the expected 3.6%; the market estimates the probability of a Fed rate hike at its next meeting has risen from 22% to around 35%.
💥💥💥💥💥 Market highlights:
1. WAL, a storage project in the Sui ecosystem, rose about 47% against the trend. The Sui Foundation invested $30 million in DATA Network, with WAL set to become its default storage layer for AI data.
2. Zerebro, an AI agent concept token, rose about 59%. Futures trading volume climbed to $160 million, but no clear new catalyst has been identified so far.
3. U.S. stock futures contract BSP rose about 40%. Bending Spoons secured an additional $330 million investment from Berkshire Hathaway, increasing Berkshire's stake to 4%.
4. Oracle concept token PYTH rose about 8.7% against the trend, with trading volume around $55 million. Funding rates remained normal, making this an independent catch-up rally amid a weak market.
5. The higher CPI was mainly driven by energy: gasoline prices rose 9.1% month over month, and the energy index climbed 5.2%. BTC fell below $82,000.
6. U.S. stocks recorded their biggest single-day drop since July, led by AI stocks, as the market worried that higher financing costs would slow data center construction.