Odaily reports: The U.S. September Producer Price Index (PPI) rose 6.3% year-over-year and 1.3% month-over-month, with the year-over-year growth rate reaching its highest since December 2022 and the month-over-month increase being the largest since March 2022. Energy costs accelerated, with gasoline producer prices rising 20.3% month-over-month.
According to U.S. Bureau of Labor Statistics (BLS) data, final demand goods prices rose 2.6% month-over-month, with final demand energy prices up 10.8%; final demand services prices rose 0.8%, with transportation and warehousing costs up 3.4%. During the same period, U.S. September retail sales grew 0.8% month-over-month, below August's 1.3%.
Polymarket data shows that traders estimate a 72% probability that the Federal Reserve will keep interest rates unchanged at its October meeting, and a 28% probability of a 25 basis point rate hike, with related market trading volume approaching $41.5 million. In September, the Federal Reserve raised its benchmark interest rate to a range of 3.75% to 4%.
After the report was released, Bitcoin's price briefly fell below $81,000 and touched an intraday low of $80,154 on Bitstamp; it fell 3.4% on the day and 4% over the past two weeks. (Bitcoin.com News)
According to Lookonchain monitoring, today U.S. Bitcoin ETFs saw a net outflow of 3,209 BTC, with a 7-day net outflow of 5,250 BTC; Ethereum ETFs saw a net outflow of 38,915 ETH, with a 7-day net outflow of 133,537 ETH.
Odaily News: According to MSX.COM data, the memory and optical communications sectors declined, with SK Hynix falling over 6%, SanDisk dropping over 5%, Western Digital down over 5%, Micron Technology falling over 4%, Corning down over 4%, and Marvell Technology dropping over 5%.
Odaily report: According to MSX.COM data, at the U.S. stock market open, the Dow Jones rose 0.53%, the S&P 500 fell 0.47%, the Nasdaq fell 1.32%, and the VIX fear index rose 14.54%. AI-related stocks broadly declined, with CoreWeave down 7.01%, Dell down 6%, Arista Networks down 5.91%, Teradyne down 5.61%, and Tempus AI down 5.59%.
It is reported that MSX is a leading RWA trading platform, having listed hundreds of RWA tokens cumulatively, covering popular U.S. stocks and ETF token assets such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.
According to the latest data from Gate, the price of gold has risen to $4,156.47 per ounce, up 1.19% intraday. The price of silver has risen to $56.782 per ounce, up 3% intraday.
In forex, the US dollar fell 0.09% against the offshore Chinese yuan (USD/CNH) intraday, with the current exchange rate at 6.6896. The US dollar fell 0.39% against the Japanese yen (USD/JPY) intraday, with the current exchange rate at 157.684.
In global stock indices, the Euro Stoxx 50 Index (EUSTX50) rose 0.15% intraday to 6,148.73 points; the UK FTSE 100 Index (UK100) rose 1.39% intraday to 10,833.3 points; the German DAX 40 Index (GER40) rose 0.22% intraday to 25,252.2 points.
In commodities, WTI crude oil rose 0.7% intraday to $96.56 per barrel. Brent crude oil fell 0.6% intraday to $107.44 per barrel.
Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, achieving deep integration of crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web platforms, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the multi-asset allocation experience.
Odaily News: According to official sources, NeoSoul expressed understanding of the challenges of entrepreneurship in the crypto industry and conveyed its support for the StandX team and community. NeoSoul will set up a dedicated DNA airdrop allocation to give back to community contributors who have long participated in building StandX. The specific eligibility rules and claim portal will be announced after the DNA TGE. Meanwhile, NeoSoul stated its willingness to communicate with the StandX team to jointly explore community support solutions.
Odaily: As chip stocks shed $1 trillion in market value, ETF investors are pouring billions of dollars into the decline, with one fund offering triple the daily exposure to the semiconductor sector on track for a record weekly inflow.
Data compiled shows that the $72 billion VanEck Semiconductor ETF attracted more than $430 million in inflows over the past three trading sessions, on pace for its largest weekly inflow since early September. Some investors are being even more aggressive: despite the triple-leveraged Direxion Daily Semiconductor Bull 3X ETF falling nearly 21% this week, roughly $3.8 billion has flowed in. For the $19 billion fund, that inflow is enough to set an all-time record for a single week.
However, the market backdrop is hardly encouraging. Amid persistent investor concerns over AI spending and intensifying global competition, the Philadelphia Semiconductor Index has fallen 12% over the past six trading sessions, wiping out about $1 trillion in market value. Worries over stretched valuations and rising interest rates have further exacerbated the sector's volatility. Todd Sohn, Chief ETF Strategist at Baird Strategas, said: "The pullback in semiconductor stocks has accelerated again, but it still hasn't truly dampened investors' demand to use leverage to buy the dip."
Odaily News: Crypto.com Exchange has announced the launch of Predict Pro, a prediction market feature for US users, offering a real-time order book, probability charts, risk management, and combinatorial trading tools. The feature is provided by Foris DAX, an introducing broker registered with the National Futures Association (NFA) in the United States, with trading products being CFTC-regulated prediction contracts offered by OG.com Markets. Predict Pro supports market, limit, stop-market, stop-limit, and post-only orders, allowing users to combine 2 to 6 predictions into a single position, covering same-game parlays, cross-event combinations, and in-event trading. Trading events include elections, sports, cryptocurrency prices, Federal Reserve decisions, climate, and culture, among others.
Odaily reports that Nillion has announced its L2 network will soon cease operations, and is reminding users holding NIL or ETH to transfer their assets to Ethereum Layer 1 (L1) as soon as possible before the network shuts down.
Odaily News: Grayscale has announced a partnership with investment platform Republic to offer Grayscale's investment products to eligible investors, including the Grayscale DeFi Fund, Grayscale Decentralized AI Fund, and Grayscale Data Network Trust. Among them, the DeFi Fund covers tokens such as UNI, AAVE, ONDO, ENA, CRV, and LDO; the Decentralized AI Fund covers tokens such as NEAR, TAO, RENDER, and FIL; and the Data Network Trust provides investment exposure to DATA, the native token of the DATA Network.
Odaily News: According to Bitcoin News monitoring, in the Ledger supply chain attack, attackers do not need to immediately steal users' Bitcoin. @MagicalTux explained that the implanted program can transmit users' seed phrases to the attacker, who can then wait for users to accumulate more Bitcoin before emptying their wallets.
Odaily News: Stripe has announced a partnership with Plasma to develop a multi-currency stablecoin card that supports individuals and businesses in spending directly with the currencies already held in their accounts, in order to reduce currency conversion and foreign exchange costs. Plasma will serve as a design partner and integrate into Stripe's stablecoin card infrastructure, supporting USD, Brazilian Real, Euro, Mexican Peso, and Colombian Peso, with stablecoins including USDC, OUSD, and eligible stablecoins that comply with the GENIUS Act requirements. The service currently covers more than 30 countries and plans to expand to over 100 countries by 2027. It will also support cardholders in spending from multiple account balances, with the system automatically selecting the appropriate currency at the time of purchase.
Odaily News: The NEAR Foundation has appointed Mert Mumtaz, CEO of Solana infrastructure company Helius, to its council, where he will participate in shaping product strategy, driving ecosystem growth, and governance efforts. Mumtaz was previously an early user of NEAR Intents. The NEAR Foundation stated that NEAR Intents has accumulated over $33 billion in total transaction volume, with total value locked (TVL) related to privacy transactions exceeding $160 million. Previously, in early October, NEAR Intents suffered an attack of approximately $3.8 million due to a vulnerability in its deposit and withdrawal infrastructure. The team stated that the vulnerability has been fixed and has committed to full compensation. (The Block)
Odaily reports that OneKey founder Yishi stated in a post that OneKey's SafeOS is built on FreeRTOS and independently developed by the team. OneKey will always focus on portable security devices, providing additional offline hardware security protection for real-world assets (RWA), crypto assets, as well as FIDO keys and two-factor authentication (2FA). Yishi also emphasized that OneKey will serve as a universal accessory for iPhone and Mac, allowing users to pair OneKey with wallets such as BlueWallet, Sparrow, Rabby, OKX Wallet, MetaMask, Electrum, and more. The team will continue to expand its compatibility range.
Odaily News: U.S. Treasury yields declined across the board, with the long end leading the drop. Market data showed that the 20-year Treasury yield stood at 5.434%, down 14.6 basis points intraday; the 30-year Treasury yield stood at 5.385%, down 14.1 basis points intraday; and the 10-year Treasury yield stood at 5.054%, down 13.6 basis points intraday. The 7-year Treasury yield fell 13.5 basis points intraday, while the 5-year Treasury yield dropped 11.5 basis points.
PPP prediction market tool monitoring shows that on Polymarket, the probability of "BTC dropping to $80,000 in the remaining period of October" has risen to 88%, up 25% in 24 hours
According to the resolution rules, this market is based on the Binance BTC/USDT trading pair. Within the specified month in the title (from 00:00 on the 1st of the month Eastern Time to 23:59 on the last day), if the high price of any 1-minute candlestick is equal to or higher than the price specified in the title, it will immediately resolve as Yes; otherwise, it will be No. This market is based solely on the High price of Binance BTC/USDT 1-minute candlesticks; prices from other exchanges, trading pairs, or spot markets are not taken into account.
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