Key Highlights: U.S. spot Bitcoin exchange-traded funds recorded $643 million in net outflows on Friday following a $6.3 billion security breach targeting Binance. Decentralized options exchange Derive linked the massive institutional exit to heightened risk aversion and market pressure following the attack. Market analysts at Bitfire highlight the upcoming U.S. midterm elections, the October nonfarm ...
Key Highlights: Bitcoin is trading below key psychological thresholds and under its 50-day moving average, signaling ongoing market weakness. Market analysts warn that breaking below the critical $80,000 support level could trigger further declines toward $75,000 and $73,000. Trading ranges have significantly compressed, pointing to a potential volatility squeeze ahead of Wednesday’s Federal Reserve meeting. ...
Key Highlights U.S. producer prices jumped 1.3% in September, driving annual wholesale inflation to 6.3% and reinforcing concerns that cost pressures are broadening beyond energy. Financial markets showed unexpected divergences as benchmark 10-year Treasury yields dropped toward 5.06% amid a tech sell-off, while rate-hike expectations for the Federal Reserve’s late October meeting fell under 30%. ...
Key Highlights: Derive has rolled out its V3 upgrade, combining rapid off-chain order execution with Ethereum-backed settlement, asset custody, and multi-asset borrowing. Trading volume surged over sixfold to approximately $112 million in 24 hours following the launch, according to CoinGecko data. The platform’s native token, $DRV, rallied 15% to trade around $0.503, facing critical overhead ...