📈 Binance Square Morning Brief | October 29: Overnight News in Brief
Overnight, the Federal Reserve announced it would hold interest rates steady at 3.75%–4.00% (10-2 vote), but risk assets failed to rally: $BTC is now at $79,925 (24h: -1.2%), ETH is at $2,306 (-2%), and SOL has fallen below $100. Total crypto market capitalization dropped 3.6% to $2.70 trillion, while BTC dominance rose to 59.5%.
Notably, BlackRock’s IBIT wallet added 3,441 BTC (about $277 million) from Coinbase Prime—institutions are steadily accumulating on the dip, in stark contrast to retail investor panic.
On the macro front, Oracle surged 12%, fueling the AI narrative: it projected FY2030 revenue of $225 billion+, with an FY29 free cash flow target of $30 billion. Record earnings from SK Hynix helped South Korea’s Kospi jump 7% in a single day, lifting sentiment across the AI sector and potentially spilling over into AI-related tokens.
Risk factor: US media reports that the US is preparing for military action against Iran after the midterm elections, with risk-off sentiment likely to weigh on risk assets in the short term. Polymarket puts the odds of Iran agreeing to stop uranium enrichment at just 13%.
On-chain highlight: TRON’s ecosystem recorded $2.21 trillion in stablecoin settlement volume in Q3, and $TRX has solid fundamentals.
⚠️ Reminder: Bybit announced that it will delist TMX, PTB, MITO, and EPIC perpetual contracts on October 30. Holders of these positions should take note of the risks.
NFA | DYOR
#BTC #美联储 #贝莱德IBIT #AI概念 #Stablecoin
Overnight, the Federal Reserve announced it would hold interest rates steady at 3.75%–4.00% (10-2 vote), but risk assets failed to rally: $BTC is now at $79,925 (24h: -1.2%), ETH is at $2,306 (-2%), and SOL has fallen below $100. Total crypto market capitalization dropped 3.6% to $2.70 trillion, while BTC dominance rose to 59.5%.
Notably, BlackRock’s IBIT wallet added 3,441 BTC (about $277 million) from Coinbase Prime—institutions are steadily accumulating on the dip, in stark contrast to retail investor panic.
On the macro front, Oracle surged 12%, fueling the AI narrative: it projected FY2030 revenue of $225 billion+, with an FY29 free cash flow target of $30 billion. Record earnings from SK Hynix helped South Korea’s Kospi jump 7% in a single day, lifting sentiment across the AI sector and potentially spilling over into AI-related tokens.
Risk factor: US media reports that the US is preparing for military action against Iran after the midterm elections, with risk-off sentiment likely to weigh on risk assets in the short term. Polymarket puts the odds of Iran agreeing to stop uranium enrichment at just 13%.
On-chain highlight: TRON’s ecosystem recorded $2.21 trillion in stablecoin settlement volume in Q3, and $TRX has solid fundamentals.
⚠️ Reminder: Bybit announced that it will delist TMX, PTB, MITO, and EPIC perpetual contracts on October 30. Holders of these positions should take note of the risks.
NFA | DYOR
#BTC #美联储 #贝莱德IBIT #AI概念 #Stablecoin