Midday quick take: two main themes.
First, the biggest story in crypto today: ICE, the parent company of the NYSE, has teamed up with trade[XYZ] to build a U.S.-compliant 24/7 perpetuals market on Hyperliquid, covering stocks, indices, commodities, FX, and crypto—pending CFTC approval. Druckenmiller is putting up his own money, and even Musk reposted it. Old-school finance moving its derivatives business on-chain of its own accord is a stronger signal than ten huge green candles. This time, $HYPE is entering the game with official backing.
On the macro front, tonight's PCE numbers are in: September PCE came in at 3.6%, with core PCE at 3.1% and up 0.3% month over month. CPI, PPI, and PCE are all rising again. Markets have priced in an 80% chance of a December rate hike. Goldman says December may not be the last one, and March is also in play. After the data came out, $BTC decisively lost the $80,000 level, with $356 million in liquidations over 24 hours. Samsung's earnings dragging tech stocks down is just the surface; the real wound is the renewed tightening in rate expectations.
One more project to flag: AXIS. Just a week after its TGE, the team was exposed for moving 76 million tokens from its multisig and dumping them through a DEX. The token price plunged 40% in a day, and on-chain sleuths have published all eight wallet addresses. When trading new tokens, watch where the supply is going—don't just listen to the narrative.
NFA DYOR
$HYPE $BTC #PCE #美联储 #Hyperliquid
First, the biggest story in crypto today: ICE, the parent company of the NYSE, has teamed up with trade[XYZ] to build a U.S.-compliant 24/7 perpetuals market on Hyperliquid, covering stocks, indices, commodities, FX, and crypto—pending CFTC approval. Druckenmiller is putting up his own money, and even Musk reposted it. Old-school finance moving its derivatives business on-chain of its own accord is a stronger signal than ten huge green candles. This time, $HYPE is entering the game with official backing.
On the macro front, tonight's PCE numbers are in: September PCE came in at 3.6%, with core PCE at 3.1% and up 0.3% month over month. CPI, PPI, and PCE are all rising again. Markets have priced in an 80% chance of a December rate hike. Goldman says December may not be the last one, and March is also in play. After the data came out, $BTC decisively lost the $80,000 level, with $356 million in liquidations over 24 hours. Samsung's earnings dragging tech stocks down is just the surface; the real wound is the renewed tightening in rate expectations.
One more project to flag: AXIS. Just a week after its TGE, the team was exposed for moving 76 million tokens from its multisig and dumping them through a DEX. The token price plunged 40% in a day, and on-chain sleuths have published all eight wallet addresses. When trading new tokens, watch where the supply is going—don't just listen to the narrative.
NFA DYOR
$HYPE $BTC #PCE #美联储 #Hyperliquid