JPMorgan's market team believes that inflation data is more likely to heat up than cool down. Nevertheless, they believe that hotter data this week is unlikely to derail the tone of risk appetite, and investors are unlikely to cling to one data point because there is another CPI data release before the December Fed meeting. "However, the team reminded investors that Powell has shifted the Fed's focus from the labor market to the dual task of balancing employment and inflation. "If data such as CPI or even retail sales show a stronger economic growth trajectory while also stimulating inflation, then it is necessary to pay attention to what will happen in the future." In JPMorgan's view, investors are unlikely to shift to a cautious portfolio stance until they see the overall CPI annual rate reach 3.5%, which is a credible threat to the Fed. They believe that the Fed will only take tightening actions if the inflation rate returns to or exceeds 4%. (Jinshi)

According to Arkham monitoring data, about 18 hours ago, a total of 601.789 BTC flowed from the Coinbase address to Grayscale, with a value of US$52.78 million. Among them, Coinbase Deposit and Prime hot wallet addresses transferred 323.6 BTC to the Grayscale Bitcoin Mini Trust 7 hours ago, with a value of US$28.49 million; Coinbase Prime hot wallet address transferred 278.189 BTC to the Grayscale Bitcoin Trust 10 hours ago, with a value of US$24.29 million.

According to Odaily, Tether's market capitalization has exceeded $125 billion, reaching a new record high of $125,238,185,518.71. This milestone highlights Tether's growing influence in the cryptocurrency market. The data reveals that the total authorized issuance of USDT on the TON blockchain has reached $1,229,976,002.51. This positions TON as the third-largest blockchain for USDT issuance, following Tron and Ethereum, and surpassing Avalanche. The increase in Tether's market cap underscores its significant role in the digital currency ecosystem. As a stablecoin, Tether is widely used for trading and transactions, providing a reliable alternative to more volatile cryptocurrencies. The growth on the TON blockchain indicates a shift in the distribution of USDT across different platforms, reflecting the evolving dynamics of the crypto market. This development is part of a broader trend of increasing stablecoin adoption, as users seek stability amid the fluctuating values of other digital assets. Tether's continued expansion on various blockchains demonstrates its adaptability and the growing demand for stablecoins in the financial landscape. As the market evolves, Tether's position as a leading stablecoin is likely to influence future trends and developments in the cryptocurrency sector.

The U.S. Bureau of Labor Statistics (BLS) will release the October U.S. Consumer Price Index (CPI) report at 21:30 Beijing time on Wednesday, which is expected to show a bumpy road to the 2% inflation target, which will leave the Fed's pace of interest rate cuts in the coming months still undecided. "The U.S. CPI inflation data for October may weaken expectations of a rate cut by the Federal Reserve in December," Bloomberg economist Scott Johnson said in a report on Tuesday. He said, "Bloomberg Economics' instant forecast shows that there is an upside risk to the overall CPI monthly rate, while core inflation seems to remain at a relatively high level." (Jinshi)

According to official data, Tether's market value has exceeded US$125 billion, currently reaching US$125,238,185,518.71, setting a new historical high. The total authorized issuance of USDT on the TON chain has reached US$1,229,976,002.51, second only to Tron and Ethereum, surpassing Avalanche to become the third largest blockchain in terms of USDT issuance.

Monster League Studios, the Barcelona-based Web3 gaming company behind the blockchain game Mokens League, announced that it has completed a 3.7 million euro financing. The investor information has not yet been disclosed. The new funds are intended to support the development of the Mokens League gaming ecosystem, including in-game purchases, player rewards, and the use of utility tokens. It is reported that the company has been incubated by Google this year. (eu-startups)

Cryptocurrency payment gateway Alchemy Pay released a virtual card update and integrated with Google Pay, a Google payment service, to support users to make cryptocurrency payments through Google Pay. Currently supported payment scenarios include ChatGPT Plus, Apple App Store, Midjourney, Amazon, Netflix, Facebook, Ebay, etc. (prnewswire)

1. Binance Futures updates leverage and margin ladders for multiple U-based perpetual contracts; 2. Institutions: Bitcoin's pullback may only be temporary; 3. Linea established the Linea Association and will launch the Linea token in the first quarter of 2025; 4. Tranched completed $3.4 million in financing, led by Speedinvest; 5. Institutions: US CPI is unlikely to have a significant impact; 6. Matrixport: Bitcoin trading volume hit a new high of $145 billion, and retail investors are returning to the crypto market; 7. Pnut's market value surpassed ONDO to become the 80th largest cryptocurrency by market value; 8. A mysterious whale with a heavy position in Pnut, FRED, and OPK has made a floating profit of nearly $30 million; 9. PNUT has now become the fourth largest Meme coin on Solana by market value; 10. FTX has filed 23 new lawsuits to recover funds, targeting Binance, SkyBridge Capital, etc.; 11. Institutions: US inflation data is expected to be stronger than expected, or the first rebound in seven months; 12. Upbit adds USDT trading pairs such as AGLD, FIL, ARPA; 13. Vitalik outlines the future vision of the Ethereum network and calls it the "world computer"; 14. Glassnode: Bitcoin's profit-taking strength is only half of its previous historical high, indicating that there is still room for growth; 15. South Korean police cracked the country's largest crypto fraud case, involving a total amount of up to US$213 million.

The post Bitcoin Trading Volume Hits $170B ATH as BTC Surges to $90K – Retail Demand Explodes! appeared first on Coinpedia Fintech News Bitcoin has reached a new all-time high of $89,956, driving its trading volume to a record-breaking $170 billion in just 24 hours. This surge, up nearly 50% from previous highs, is largely fueled by retail investors, who are increasingly drawn to Bitcoin... source: https://coinpedia.org/crypto-live-news/bitcoin-trading-volume-hits-170b-ath-as-btc-surges-to-90k-retail-demand-explodes/

Donald Trump once threatened to fire Jerome Powell as chair of the Federal Reserve. Crypto would love to see a pro-stimulus replacement. The post Crypto wants Trump to replace Jerome Powell with a pro-stimulus Fed chair appeared first on Protos. source: https://protos.com/crypto-wants-trump-to-replace-jerome-powell-with-a-pro-stimulus-fed-chair/

Beam Chain is Justin’s proposal to redesign the Ethereum consensus layer. The proposal is a further upgrade of Beacon Chain to move closer to Ethereum’s ultimate vision.

China has witnessed one of the deadliest in the country after 35 people were killed and 43 more were injured after a man used his car to go on a rampage at a sports centre in the southern Chinese city of Zhuhai on Monday.

A phishing attack on a cryptocurrency investor led to the theft of 95.3 million GIGA tokens, worth over $6 million, through a fake Zoom link. The hacker quickly sold the stolen tokens, converted them into Solana and stablecoins, and moved the funds to obscure wallets, while the investor is now working with law enforcement to recover the assets.

Market events and investor sentiment drive short-term price fluctuations, but over time, assets generally return to their true fundamental value. This principle is not unique to stocks — it applies to all assets, including physical assets, tokens, and memecoins.

A virtual character, or more precisely, an AI agent - Terminal of Truths (ToT) - is speaking out on the Internet. Through its unique algorithmic logic and wide appeal, it is driving the issuance of $GOAT tokens.

Bhutan’s Bitcoin reserves have now crossed $1 billion, positioning the nation as one of the top holders of cryptocurrency.

Now I say that I am the richest post-00s with the most cash flow, which can be verified on Zhihu. Does anyone object?

A massive cryptocurrency scam in South Korea led to the arrest of 215 people, including a YouTuber who used his platform to promote fake investment schemes. The scam, which targeted over 15,000 investors, defrauded them of around $230 million by selling worthless crypto assets and making false promises of high returns.

Binance Founder CZ playfully mocks “Bitcoin is Dead” critics as Bitcoin hits a new all-time high, underscoring the cryptocurrency’s resilience and defying those who doubted its longevity.

The BRICS bloc has just announced the shocking announcement that it would be backing down on its fights against Dollar.