U.S. inflation rattles markets
October data was released yesterday:
Monthly headline inflation: 0.4% vs. expectations of 0.3%.
Core inflation: 0.3% vs. expectations of 0.2%.
Both readings came in above market expectations, despite a slowdown in headline inflation compared with the previous month.
Why does it matter?
Rising inflation fuels concerns that interest rates will remain high, potentially putting pressure on liquidity flowing into high-risk assets
According to Binance’s published market data for the November 10 candles:
Coin | Daily close
BTC/USDT 73,796.06
ETH/USDT 2,053.21
Ethereum underperformed Bitcoin during the session, as the market remained sensitive to inflation data.
Advisor’s take: We’re watching to see whether Bitcoin can regain spot demand, or whether the rebounds are still just corrections within a downtrend.
New trading contract updates
The latest update posted in the Binance Newsroom concerns tick size changes for several USDⓈ-M contracts, dated November 11.
The platform also published updates regarding collateral ratios in Cross Margin and Portfolio Margin.
Why it matters: Tick size changes affect order-entry precision and the way buy and sell orders are distributed, particularly for active traders.
Source: Official Binance Newsroom.
Important update for traders
Binance announced an adjustment to the tick size for seven futures contracts, including:
UAIUSDT
KGENUSDT
RIVERUSDT
SNXXUSDT
RAMUSDT
The adjustment took effect today at 9:30 a.m. Cairo time.
Why it matters: This affects order pricing precision and the order book; it does not signal a change in the coin’s direction.
Binance also issued a notice advising against processing transfers through the platform with the MEXC entities specified in its announcement, due to compliance measures related to FinCEN classification.
Coin | Expected amount | Estimated value
ALLO 169.86 million $24.7 million
APT 4.54 million $2.6 million
PUMP 6.88 billion $24 million
ALLO: Allocations for investors, the team, and contributors.
APT: Community and foundation allocations.
PUMP: Team and existing investor allocations.
Advisor’s take: I’m paying particular attention to ALLO because the amount being unlocked is large relative to the circulating supply. However, token unlocks do not mean that the entire amount will be sold.
There are discrepancies among some tokenomics schedules regarding the amount of ALLO and the timing of the unlocks, and some figures have not been independently confirmed.