📰 Morning Brief | CPI comes in unexpectedly hot, $BTC falls below 73,000 to its lowest since August
Macro: U.S. October CPI rose 0.4% month over month, above expectations, while core CPI also came in much hotter than expected. Markets are now pricing in almost a 25-basis-point rate hike in December, and the probability of a 50-basis-point hike has surged. U.S. Treasury yields posted their biggest gain in 19 months, while spot gold plunged 2.59% to $4,033. Risk assets came under broad pressure: after falling below 74,000, $BTC broke through 73,000, with analysts warning that a breach of the 70,000 level could trigger even larger liquidations.
On-chain security: There’s a new development in the $6.34 billion Binance hack case. About $891 million in assets were allegedly transferred or laundered through THORChain and Chainflip, while the attacker still controls roughly $2.85 billion.
Geopolitics: Three oil tankers caught fire after striking mines in the Strait of Hormuz. Iran says the strait will remain closed until its conditions are met, sending crude prices into sharp swings.
Highlights: The Aave DAO unanimously approved the Babylon proposal, allowing native $BTC to serve as collateral on Aave V4 without being wrapped (LTV 78%); tokenized stocks surged tenfold in a year to $4.82 billion; and global banks poured $270 million into the stablecoin project Faro.
A bear market is a trial by fire—only those who survive earn the right to talk about a bull market.
NFA | DYOR
#BTC #比特币 #CPI #加密货币 #Binance
Macro: U.S. October CPI rose 0.4% month over month, above expectations, while core CPI also came in much hotter than expected. Markets are now pricing in almost a 25-basis-point rate hike in December, and the probability of a 50-basis-point hike has surged. U.S. Treasury yields posted their biggest gain in 19 months, while spot gold plunged 2.59% to $4,033. Risk assets came under broad pressure: after falling below 74,000, $BTC broke through 73,000, with analysts warning that a breach of the 70,000 level could trigger even larger liquidations.
On-chain security: There’s a new development in the $6.34 billion Binance hack case. About $891 million in assets were allegedly transferred or laundered through THORChain and Chainflip, while the attacker still controls roughly $2.85 billion.
Geopolitics: Three oil tankers caught fire after striking mines in the Strait of Hormuz. Iran says the strait will remain closed until its conditions are met, sending crude prices into sharp swings.
Highlights: The Aave DAO unanimously approved the Babylon proposal, allowing native $BTC to serve as collateral on Aave V4 without being wrapped (LTV 78%); tokenized stocks surged tenfold in a year to $4.82 billion; and global banks poured $270 million into the stablecoin project Faro.
A bear market is a trial by fire—only those who survive earn the right to talk about a bull market.
NFA | DYOR
#BTC #比特币 #CPI #加密货币 #Binance