📊 Midday Deep Dive | What is the crypto market experiencing under three mounting pressures?
① MSCI’s new rules take effect: “Non-operating companies” will be removed. $MSTR and Metaplanet face removal from the index, while SharpLink has been placed on a watchlist. The final list will be announced on November 11. The rationale behind passive funds’ allocations to BTC treasury stocks may be reshaped, potentially indirectly affecting $BTC buying demand.
② AI credit risk is heating up: CoreWeave’s 5-year CDS has surged to a record high of 1,194.5 basis points, while its 2031 bonds have fallen to 82.75 cents. Jensen Huang explicitly said Nvidia will not bail it out, and concerns over AI debt are spilling over into risk assets.
③ Inflation remains stubborn: U.S. PPI came in at 6.3%, well above expectations of 5.3%. The Cleveland Fed president warned that more aggressive action may be needed, cooling rate-cut expectations considerably.
💡 Structural bright spots remain: $USDC has received the EU’s first “significant” e-money token designation; Ethereum-based networks settled $16.75 trillion in stablecoins over 90 days (77% of the total across all chains). Market sentiment at rock bottom often creates opportunities to build positions. Manage position sizes carefully and navigate volatility in stages.
NFA | DYOR
#比特币 #加密货币 #MSCI #稳定币 #Market Analysis
① MSCI’s new rules take effect: “Non-operating companies” will be removed. $MSTR and Metaplanet face removal from the index, while SharpLink has been placed on a watchlist. The final list will be announced on November 11. The rationale behind passive funds’ allocations to BTC treasury stocks may be reshaped, potentially indirectly affecting $BTC buying demand.
② AI credit risk is heating up: CoreWeave’s 5-year CDS has surged to a record high of 1,194.5 basis points, while its 2031 bonds have fallen to 82.75 cents. Jensen Huang explicitly said Nvidia will not bail it out, and concerns over AI debt are spilling over into risk assets.
③ Inflation remains stubborn: U.S. PPI came in at 6.3%, well above expectations of 5.3%. The Cleveland Fed president warned that more aggressive action may be needed, cooling rate-cut expectations considerably.
💡 Structural bright spots remain: $USDC has received the EU’s first “significant” e-money token designation; Ethereum-based networks settled $16.75 trillion in stablecoins over 90 days (77% of the total across all chains). Market sentiment at rock bottom often creates opportunities to build positions. Manage position sizes carefully and navigate volatility in stages.
NFA | DYOR
#比特币 #加密货币 #MSCI #稳定币 #Market Analysis