Bitcoin dropped to $76,651 following the release of US Producer Price Index data showing a 5.4% annual increase, driven by rising energy costs. This led to $562 million in crypto liquidations within 24 hours, mostly affecting long positions worth $484 million, indicating heavy market bets on a price rebound. The inflation data increased expectations for a Federal Reserve rate hike, pushing Bitcoin under pressure as investors await the next Consumer Price Index report to gauge future inflation trends and Fed actions. Key support for Bitcoin now lies between $76,500 and $77,000.
Lam Research Corporation's shares have fallen 29% after previously being rated as overvalued. This price correction has significantly changed the valuation outlook for the stock. The semiconductor industry's $200 billion wafer fabrication boom is a m...
In a 24-hour snapshot ending October 25, Ethereum's supply increased by 2,967.861 ETH due to issuance exceeding the amount burned in network fees. Specifically, 2,984.195 ETH were issued while only 16.334 ETH were burned under the EIP-1559 fee mechan...
Elon Musk claimed Ukraine's military violated Starlink's terms by using it for offensive drone strikes, leading SpaceX to restrict Ukraine's high-speed satellite service. A Ukrainian defense advisor refuted this, stating that Starlink's geographic an...
Kraken began trading Spice (SFI), the governance token for Saffron, on October 23 as planned. Saffron's vaults trade potential future fees from Uniswap v3 liquidity positions, with fixed and variable sides exchanging payments based on fee generation ...
Ethereum's fee burning mechanism, designed to reduce supply, is currently ineffective as base fees have dropped to 0.044 gwei, far below the 13.61 gwei needed to shrink supply. In the past 24 hours, only 9.67 ETH were burned compared to 2,956 newly c...
