Macro and liquidity:
Inflation surges again: U.S. September PPI rose 6.3% year over year and 1.3% month over month, while core PPI rose 5% year over year; energy prices surged more than 10% in a single month. Following the hotter-than-expected CPI, inflation has spread across the production sector, fueling expectations that the Fed will continue raising rates in the coming months.
Asian tech stocks crash: South Korea's $KORUB KOSPI closed down 7.56% on Thursday (its tenth circuit breaker this year; SK Hynix fell 11.06%, Samsung fell 9.48%). The Nikkei 225 dropped 4.90%, while the Philadelphia Semiconductor Index lost more than $2 trillion in market value over seven trading days. U.S. stocks opened lower on Friday, with the Nasdaq falling another 1.29%.
$STRK up 13.21% in 24h: The Starknet community launched a seven-day, non-binding vote to explore transitioning to an independent, quantum-resistant L1. No new token will be issued, and the bridge to Ethereum will remain open; no timeline has been set.
$NEAR up 9.16% in 24h: Helius CEO Mert Mumtaz joined the #Near Foundation's board, where he will help with product strategy and ecosystem governance.
Binance.US seeks to raise $100 million: The target valuation is about $1 billion, down roughly 78% from $4.5 billion in 2022. The company plans to expand into prediction markets and restore some state licenses. People familiar with the matter say Trump-affiliated World Liberty Financial is aware of the plan but is not involved.
Crypto hacks caused nearly $1.2 billion in losses in Q3, primarily due to exploits related to Bt and Liquid. Compromised vendors, developer tools, and infrastructure accounted for 77% of total losses and fell outside the scope of audits.
Tether Capital invests in AI payments platform AIsa: The amount was not disclosed, as the stablecoin giant steps up its investment in AI payments.
Fission raises $10 million in Series A: Pantera Capital led the round, with participation from Circle Ventures and others. Fission is a liquidity platform for tokenized funds.
NeoSoul ($DNA) to list on Binance Alpha today: The airdrop checker for the $AI Agent project is now live. Ledger unveils mobile strategy: The Ledger Atom Android device is set to launch in mid-2027, integrating the OpenClaw AI assistant and offering a security mode for managing digital assets.
Crypto's total market cap rose 39.6% quarter over quarter to $3 trillion in Q3, led by Ethereum's 71% gain; a Tiger research report warns that venture capital has yet to flow back in tandem.
Ansem: Confidence in BTC among crypto natives is at its lowest level in nearly a decade, but he remains firmly bullish. Bitwise CIO: Whether the AI boom continues, the bubble bursts, or growth is moderate, Bitcoin will ultimately benefit.
Inflation surges again: U.S. September PPI rose 6.3% year over year and 1.3% month over month, while core PPI rose 5% year over year; energy prices surged more than 10% in a single month. Following the hotter-than-expected CPI, inflation has spread across the production sector, fueling expectations that the Fed will continue raising rates in the coming months.
Asian tech stocks crash: South Korea's $KORUB KOSPI closed down 7.56% on Thursday (its tenth circuit breaker this year; SK Hynix fell 11.06%, Samsung fell 9.48%). The Nikkei 225 dropped 4.90%, while the Philadelphia Semiconductor Index lost more than $2 trillion in market value over seven trading days. U.S. stocks opened lower on Friday, with the Nasdaq falling another 1.29%.
$STRK up 13.21% in 24h: The Starknet community launched a seven-day, non-binding vote to explore transitioning to an independent, quantum-resistant L1. No new token will be issued, and the bridge to Ethereum will remain open; no timeline has been set.
$NEAR up 9.16% in 24h: Helius CEO Mert Mumtaz joined the #Near Foundation's board, where he will help with product strategy and ecosystem governance.
Binance.US seeks to raise $100 million: The target valuation is about $1 billion, down roughly 78% from $4.5 billion in 2022. The company plans to expand into prediction markets and restore some state licenses. People familiar with the matter say Trump-affiliated World Liberty Financial is aware of the plan but is not involved.
Crypto hacks caused nearly $1.2 billion in losses in Q3, primarily due to exploits related to Bt and Liquid. Compromised vendors, developer tools, and infrastructure accounted for 77% of total losses and fell outside the scope of audits.
Tether Capital invests in AI payments platform AIsa: The amount was not disclosed, as the stablecoin giant steps up its investment in AI payments.
Fission raises $10 million in Series A: Pantera Capital led the round, with participation from Circle Ventures and others. Fission is a liquidity platform for tokenized funds.
NeoSoul ($DNA) to list on Binance Alpha today: The airdrop checker for the $AI Agent project is now live. Ledger unveils mobile strategy: The Ledger Atom Android device is set to launch in mid-2027, integrating the OpenClaw AI assistant and offering a security mode for managing digital assets.
Crypto's total market cap rose 39.6% quarter over quarter to $3 trillion in Q3, led by Ethereum's 71% gain; a Tiger research report warns that venture capital has yet to flow back in tandem.
Ansem: Confidence in BTC among crypto natives is at its lowest level in nearly a decade, but he remains firmly bullish. Bitwise CIO: Whether the AI boom continues, the bubble bursts, or growth is moderate, Bitcoin will ultimately benefit.