⚡BREAKING:
🇺🇸 OKX and NYSE parent company ICE to launch a 24/7 tokenized securities trading platform on November 23.
The platform will enable around-the-clock trading of tokenized U.S. stocks on blockchain infrastructure.
⚡BREAKING:
🇺🇸 Bank of America says a 50-basis-point Fed rate hike in December is now possible after US inflation came in hotter than expected.
The bank still expects a 25-basis-point hike as its base case.
⚡BREAKING:
🇩🇪 Germany’s largest bank, Deutsche Bank, officially launches crypto custody services for institutional clients.
The service supports the growing institutional adoption of digital assets.
⚡BREAKING:
🇺🇸 Tom Lee’s Bitmine $BMNR reports a $6,300,000,000 net loss for FY2026, largely driven by Ethereum’s 44% decline.
The firm held 5.9 million ETH at August-end, with $6,300,000,000 in unrealized digital asset losses.
⚡BREAKING:
🇺🇸 Goldman Sachs warns that Fed rate hikes could extend into 2027.
Goldman Sachs Asset Management says hotter-than-expected US inflation could force the Federal Reserve to tighten monetary policy more aggressively.
Lindsay Rosner, the firm's head of multi-sector fixed income, says a December rate hike remains the base case.
If inflation remains elevated, further rate hikes could follow into 2027, keeping borrowing costs higher for longer.
⚡BREAKING:
🇺🇲Bitcoin drops below $74,000, hitting an 11-week low, while Ethereum falls to $2,000 following hotter-than-expected U.S. inflation data.
Markets now fear further Fed rate hikes.
⚡BREAKING:
🇺🇸 U.S. inflation comes in hotter than expected.
- Core CPI rises 0.3% MoM vs. 0.2% expected.
- Headline CPI rises 0.4% MoM vs. 0.3% expected.
The 0.3% core inflation print hits the threshold Fed Governor Christopher Waller flagged as a possible trigger for a 50-bps rate hike in December.
This could fuel bigger rate-hike bets, putting additional pressure on stocks and crypto.
Watch for potential weakness spreading beyond tech stocks and Bitcoin into the broader market and altcoins.
⚡BREAKING:
🇺🇸 Jensen Huang's net worth falls to $148 billion after losing $6.47 billion in a single day.
The Nvidia CEO has dropped to 12th place among the world's richest people.