Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 104,830.0 | −1.81% |
| Ethereum (ETH) | 3,496.07 | −2.96% |
| Bitcoin Spot ETF | −186.5M | Net Outflow |
| Ethereum Spot ETF | −135.7M | Net Outflow |
| Nasdaq (NAS100) | 25,666.0 | −1.22% |
| S&P 500 (SPX) | 6,851.98 | +0.17% |
| Russell 2000 (RUT) | 2,445.7 | −1.08% |
| U.S. Dollar Index (DXY) | 99.773 | −0.11% |
| VIX Volatility Index (VIX) | 17.16 | −1.55% |
| U.S. 10-Year Treasury Yield (US10Y) | 4.089 | −0.46% |
| Brent Crude Oil (BRENT) | 64.365 | −0.43% |
| LBMA Gold (XAU) | 3,991.425 | −0.25% |
| LBMA Silver (XAG) | 47.6655 | −0.87% |
“Prepared at UTC 07.40 am”
Today’s Key Events
- FOMC Member Bowman to Speak
- ECB President Christine Lagarde to Make Statements
- Marathon Digital Holdings Inc Earnings Report
- Advanced Micro Devices Inc Earnings Report
- Spotify Technology SA Earnings Report
Trump: No Plans to Send Tomahawk Missiles to Ukraine
President Donald Trump announced that the US currently has no plans to supply Tomahawk missiles to Ukraine. Saying that the transfer of such weapons could escalate the conflict, Trump stated that he would not approve any potential transfers from NATO countries either. The US administration emphasized that support for Ukraine would “remain defense-focused.”
US Manufacturing Data Sent Mixed Signals
The US October ISM Manufacturing PMI data came in below expectations at 48.7, while the Markit Manufacturing PMI exceeded forecasts at 52.5. The decline in the ISM index indicates that, in addition to weakness in production and inventories, tariff uncertainty in the supply chain is still having an impact. However, the strength of the Markit data points to the possibility of a recovery in manufacturing activity in the coming months. As inflation pressures continue to ease, the price index fell by 3.9 points. Expectations of Fed rate cuts and the easing of US-China tensions could support supply chain relief in the short term.
SOFR Interest Rate Sees Sharpest Annual Jump: Rises to 4.22%
On October 31, the US Secured Overnight Financing Rate (SOFR) rose 18 basis points to 4.22%, marking the sharpest daily increase of the year. The increase is considered a seasonal effect stemming from large banks’ end-of-month balance sheet adjustments. The Fed’s decision to end QT (balance sheet reduction) on December 1 supports expectations of easing in the repo market. However, the continuation of short-term Treasury auctions is causing volatility in repo rates. Goldman Sachs and Citi expect the government shutdown to be resolved by mid-November.
Divergence Among Fed Officials Deepens
- Goolsbee (Chicago Fed, dove): Stating that inflation is a greater threat than employment, he said the threshold for a December cut is “higher than before.”
- Cook (Fed Board Member): Highlighting the weakening labor market, he said inflation would remain elevated for a while due to tariffs, but would approach the 2% target by 2026.
- Daly (San Francisco Fed, neutral): Saying they are seeking a balance between inflation and employment, he stated that “a December cut is on the table.”
- Milan (Fed Board Member, dove): Calling for a 50 basis point cut, he stated that policy is still too restrictive. He emphasized that remaining tight for too long would increase the risk of recession.
US Government Shutdown Enters Day 35 — Economic Impact Mounts
The U.S. federal government shutdown entered its 35th day, tying the record for the longest shut down in history. The budget dispute between Democrats and Republicans led to the failure of 13 votes in the Senate. A 14th vote is expected today. The Congressional Budget Office (CBO) predicts that GDP growth could fall by 1-2 percentage points depending on the length of the shutdown. The economic loss is estimated to be $7 billion in 4 weeks, $11 billion in 6 weeks, and $14 billion in 8 weeks.
YZi Labs: “If There Is No Official Announcement, It Is Not an investment”
YZi Labs responded to rumors about investing in certain projects in a post on the X platform, emphasizing that all investments are announced only through official channels. The company warned investors, saying, “If you haven’t seen an official announcement, contact us directly.”
Grayscale Includes Shiba Inu in Spot ETF Listing Criteria
Grayscale Investments listed Shiba Inu (SHIB) among assets that meet spot ETF listing requirements. The report titled “Here Come the Altcoins” noted that altcoin ETF processes have gained momentum following the Bitcoin ETF approval. The company anticipates that similar ETFs could receive approval more quickly for assets like Shiba Inu in the future.
“14-Time Unbeaten Whale” Suffers $40.4 Million Loss
On-chain analysis platform Ember revealed that a whale, which had previously executed 14 successful trades, incurred a paper loss of $40.4 million due to recent counter-directional positions. The liquidation prices of the whale’s ETH and SOL long positions are only 4% below current levels.
Whales Shorting ASTER on Hyperliquid Make $100 Million in Profit
According to Lookonchain data, the investor known as the “CZ-opposing whale” made over $21 million in profit from short positions opened after CZ’s posts about buying $ASTER.
Total short position profits on Hyperliquid approached $100 million.
Balancer Attackers Converted Half of Assets to ETH
According to Ember data, Balancer attackers converted more than half of the stolen assets to ETH, reducing the total stolen amount from $117 million to $98 million. StakeWise recovered 5,041 osETH (approximately $19.3 million), recouping part of the damage.
Reserve Bank of Australia Keeps Interest Rates Unchanged
The Reserve Bank of Australia (RBA) kept its policy rate unchanged at 3.6%, in line with expectations. The bank assessed that the current monetary policy is “appropriate” due to the controlled course of inflation.
Remixpoint Increases Bitcoin Reserves to 1,411
Remixpoint spent $3.4 million in its latest investment round to purchase an additional 29 BTC. The company’s total Bitcoin holdings have reached 1,411 BTC.
Hotcoin Announces New Token Listings
Cryptocurrency exchange Hotcoin announced that it will list PLAI, MMT, and TRUST tokens on November 4–5. This move is seen as part of the platform’s strategy to increase liquidity and product diversity.
