📈 Binance Square Morning Brief | October 17 Morning Must-Reads 🌅
Three major overnight crypto stories:
1️⃣ MSCI finalized new rules to exclude Bitcoin treasury companies. $MSTR and Metaplanet risk removal on November 30. JPMorgan estimates this could trigger $2.8 billion in outflows, while Polymarket puts the odds of removal at 92%.
2️⃣ Concerns over AI credit are mounting: CoreWeave’s five-year CDS surged to a record 1,194.5 basis points, and its 2031 bonds fell to 82.75 cents. Deutsche Bank noted a $35 billion funding gap, while Jensen Huang said he wouldn’t backstop the company.
3️⃣ Tensions in the Middle East are rising, with oil tankers attacked and set ablaze in succession in the Strait of Hormuz. Safe-haven sentiment is supporting $BTC .
Positive developments: PancakeSwap unveiled its “The Flip” proposal, which aims to cut CAKE’s daily emissions by 69% to 7,000 tokens and direct 88% of fees to LPs; CZ voiced his support. INJ surged 27% in 24 hours, and 21Shares filed for a spot ETF. Abraxas Capital staked 30,000 ETH with Lido. Visa and Mastercard both expanded their stablecoin efforts this week.
U.S. CPI rose to 3.7%, above expectations. Watch for market volatility today.
NFA | DYOR
#比特币 #加密货币 #DeFi #区块链 #BTC
Three major overnight crypto stories:
1️⃣ MSCI finalized new rules to exclude Bitcoin treasury companies. $MSTR and Metaplanet risk removal on November 30. JPMorgan estimates this could trigger $2.8 billion in outflows, while Polymarket puts the odds of removal at 92%.
2️⃣ Concerns over AI credit are mounting: CoreWeave’s five-year CDS surged to a record 1,194.5 basis points, and its 2031 bonds fell to 82.75 cents. Deutsche Bank noted a $35 billion funding gap, while Jensen Huang said he wouldn’t backstop the company.
3️⃣ Tensions in the Middle East are rising, with oil tankers attacked and set ablaze in succession in the Strait of Hormuz. Safe-haven sentiment is supporting $BTC .
Positive developments: PancakeSwap unveiled its “The Flip” proposal, which aims to cut CAKE’s daily emissions by 69% to 7,000 tokens and direct 88% of fees to LPs; CZ voiced his support. INJ surged 27% in 24 hours, and 21Shares filed for a spot ETF. Abraxas Capital staked 30,000 ETH with Lido. Visa and Mastercard both expanded their stablecoin efforts this week.
U.S. CPI rose to 3.7%, above expectations. Watch for market volatility today.
NFA | DYOR
#比特币 #加密货币 #DeFi #区块链 #BTC