1. The U.S. core CPI annual rate in September was 3.3%, and the CPI annual rate was 2.4%.
The annual rate of the US core CPI in September was 3.3%, expected to be 3.2%, and the previous value was 3.20%. The annual rate of the US core CPI in September was 2.4%, expected to be 2.3%, and the previous value was 2.50%. The annual rate of the US core CPI was higher than market expectations and the highest since June. The number of initial jobless claims in the United States for the week ending October 5 was 258,000, the highest since the week ending August 5, 2023.
2. The United States has filed its first criminal prosecution against a financial services company for market manipulation and false trading in the crypto space
The most striking feature of the case is the FBI’s method for catching the defendants, which took the “unprecedented step” of creating its own cryptocurrency token and a fake company to help entrap the alleged scammers. The FBI created a token called NexFundAI that ran on the Ethereum blockchain and eventually met with market makers to discuss using their services. One of the defendants called himself the “mastermind,” explaining that his company used bots to simultaneously buy and sell on centralized exchanges to generate trading volume. NexFundAI is still actively traded with a market cap of around $237,000.
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3.QCP Capital: The Fed's stance is less dovish than expected, and tonight's CPI data is crucial
QCP Capital's latest report pointed out that yesterday's Fed meeting minutes showed that its stance was not as dovish as expected, and last Friday's strong employment data, the market's expectations for a 25 basis point rate cut in November rose from 67.9% last week to 83.7%. Tonight's CPI and tomorrow's PPI data will be key risk events this week, and together with the earnings reports of JPMorgan Chase and Wells Fargo, these factors are crucial to assessing the state of the US economy. U.S. stocks rose last night, and the S&P 500 hit a new high, but the selling pressure in the crypto market increased again due to the news of the Silk Road Bitcoin and PlusToken Ethereum sales. If the key support level of $60,000 can be maintained, there is still hope for an "Uptober" rebound.
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4. (Vitalik: The Story of Ethereum) Hong Kong offline premiere, attended by Dr. Xiao Feng, Chairman and CEO of HashKey Group
Xiao Feng said: “The goal of Ethereum is to allow everyone to freely participate, contribute and share the value of blockchain technology while protecting privacy and security. Over the years, this young man who loves wearing T-shirts and programming has not changed his original intention, nor has the Ethereum network he has promoted and built. This network that allows strangers to collaborate on a large scale will become an important force in promoting global social and economic development. I hope young people can gain something from this documentary.”
5. Yesterday, 15,700 ETH related to the Plustoken scam were transferred, and more than 7,000 ETH were sent to exchanges
A large amount of Ethereum (ETH) was transferred yesterday in connection with the Plustoken scam. About 15,700 ETH was transferred from known addresses, of which more than 7,000 ETH was sent to exchange deposit addresses. This operation is similar to the mixed pattern of Bitcoin (BTC) in 2019 and 2020, and @ErgoBTC believes that $1.3 billion worth of ETH may be sold in full in the future.
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6. South Korea’s Financial Services Commission Chairman to Investigate Upbit’s Monopoly in the Crypto Market
Kim Byung-hwan, chairman of the Financial Services Commission of South Korea, said at the National Assembly's National Affairs Supervision Meeting that the market monopoly structure of Upbit, the country's largest cryptocurrency exchange, will be investigated. This response was made in response to the questioning of Upbit's monopoly by Congressman Lee Kang-il. Lee Kang-il pointed out that Upbit is the world's second largest cryptocurrency exchange and its market dominance began after establishing a business partnership with K-Bank. He also mentioned that K-Bank is about to conduct an initial public offering (IPO) and about 20% of its total deposits come from deposits of Upbit customers, which may lead to bank runs.
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