🌅 Nov 11 Crypto Morning Brief | CPI hammers markets, BTC falls below $73K
📈 Overnight macro: US October CPI rose 0.4% month over month, while core CPI rose 0.3%; both exceeded expectations. Traders have almost fully priced in a December rate hike and are even beginning to bet on a 50-basis-point increase. Treasury yields posted their biggest gain in 19 months, while spot gold plunged 2.6% to $4,033. Dragged down by this, $BTC fell below $73,000, hitting its lowest level since August. Analysts warn it could test the $70,000 mark.
🌍 Geopolitical risks: Tensions in the Strait of Hormuz escalated. Iran’s Revolutionary Guard confirmed that three oil tankers struck mines and caught fire, stoking safe-haven demand.
⛓ On-chain updates:
▪️ Follow-up to Binance’s $6.34 billion hack: About $891 million in assets have been moved or laundered. The attackers used THORChain and Chainflip to move funds; $2.85 billion remains under their control, while $2.6 billion has been frozen.
▪️ The Aave DAO passed the Babylon proposal with 100% support. Native BTC will be usable as collateral on Aave V4 without wrapping or bridging, with LTV of up to 78%. The mainnet launch is targeted for late 2026.
▪️ A consortium of global banks is investing $270 million in Faro, a stablecoin project aiming to launch in 2027. The market cap of stablecoins in the TRON ecosystem grew by $16.1 billion over the past year to $94.2 billion.
▪️ Visa is expanding its stablecoin settlement network, enabling settlements on weekends and holidays. Trump Media added 1,510 BTC (worth over $112 million) in Q3.
💡 Short term: With rate-hike clouds and geopolitical tensions, prioritize defense. Long term: Direct use of native BTC as collateral in DeFi is a structural positive; $AAVE is worth watching closely.
NFA | DYOR
#比特币 #美联储CPI #DeFi #Aave #CryptoMorningBrief
📈 Overnight macro: US October CPI rose 0.4% month over month, while core CPI rose 0.3%; both exceeded expectations. Traders have almost fully priced in a December rate hike and are even beginning to bet on a 50-basis-point increase. Treasury yields posted their biggest gain in 19 months, while spot gold plunged 2.6% to $4,033. Dragged down by this, $BTC fell below $73,000, hitting its lowest level since August. Analysts warn it could test the $70,000 mark.
🌍 Geopolitical risks: Tensions in the Strait of Hormuz escalated. Iran’s Revolutionary Guard confirmed that three oil tankers struck mines and caught fire, stoking safe-haven demand.
⛓ On-chain updates:
▪️ Follow-up to Binance’s $6.34 billion hack: About $891 million in assets have been moved or laundered. The attackers used THORChain and Chainflip to move funds; $2.85 billion remains under their control, while $2.6 billion has been frozen.
▪️ The Aave DAO passed the Babylon proposal with 100% support. Native BTC will be usable as collateral on Aave V4 without wrapping or bridging, with LTV of up to 78%. The mainnet launch is targeted for late 2026.
▪️ A consortium of global banks is investing $270 million in Faro, a stablecoin project aiming to launch in 2027. The market cap of stablecoins in the TRON ecosystem grew by $16.1 billion over the past year to $94.2 billion.
▪️ Visa is expanding its stablecoin settlement network, enabling settlements on weekends and holidays. Trump Media added 1,510 BTC (worth over $112 million) in Q3.
💡 Short term: With rate-hike clouds and geopolitical tensions, prioritize defense. Long term: Direct use of native BTC as collateral in DeFi is a structural positive; $AAVE is worth watching closely.
NFA | DYOR
#比特币 #美联储CPI #DeFi #Aave #CryptoMorningBrief