US PPI Climbs to 6.3%, Exceeding Expectations
The upside surprise adds pressure to the inflation outlook and complicates the Federal Reserve’s path toward easing.
Market-moving crypto headlines from the last 24 hours.
The upside surprise adds pressure to the inflation outlook and complicates the Federal Reserve’s path toward easing.
The move connects stablecoin payment rails with Mastercard's vast merchant network, putting crypto-based payments closer to everyday commerce.
Direct EBA oversight of USDC’s reserves and liquidity begins Nov. 12, alongside a new cross-border cooperation pact with New York’s financial regulator.
The cross-asset retreat points to risk aversion with stagflation concerns in the mix, while traders await another inflation reading from Thursday’s producer price index.
Hotter-than-forecast US inflation adds macro pressure, while crowded long positions show how quickly leveraged exposure can amplify a sell-off.
NVIDIA, SpaceX and Apple account for 32% of holders, showing how ownership remains concentrated in major technology names.
Altcoins and leveraged longs bore the brunt of the selloff, while shifting Fed rate expectations and Treasury yields remain key signals for crypto traders.
A daily close below $80,400 would put a twice-defended support level at risk, while spot Bitcoin ETFs recorded $261M in outflows.
The model could let regulated firms serve US clients on shared blockchain infrastructure, while Hyperliquid itself remains unavailable to US users.
A regulated Payward derivatives offering could put Hyperliquid technology within reach of U.S. investors without opening the network’s own perpetual futures market to them.
The framework would bring exchanges and custodians closer to traditional financial standards, with customer asset safeguards and trading transparency at its core.
The rapid flush pulled other markets lower, linking Bitcoin’s price break to a wider liquidation-driven decline.
Hotter core inflation lifted October Fed hike odds to 41%, putting pressure on risk assets as Bitcoin tests support where spot bids overlap with leveraged long liquidations.
The plan links a 473 million XRP treasury with Ripple, Kraken, Coinbase and BitGo, putting custody and institutional execution at the center of the rollout.
The reforms preserve risk-based decisions and financial-crime controls, leaving smaller crypto firms’ access dependent on whether banks offer services beyond institutional clients.
The liquidation spike coincided with hotter U.S. inflation and rising expectations of a Fed rate hike, exposing how leverage can amplify macro shocks.
Ether fell harder than Bitcoin, while the Fear & Greed Index remained in Greed territory despite the broad market decline.
Flows split across the group: Bitcoin and Ether drove the losses, while XRP and ZEC spot ETFs attracted inflows.
Inflation above expectations revived rate-hike concerns, while oil-driven price pressures highlight the limits of monetary policy in lowering energy costs.
BlackRock's reported cuts to equity, AI-chip and long-duration bond exposure add an institutional risk-off signal to rate-cut concerns.