- US October CPI rose 0.4% month over month, topping expectations of a 0.3% climb.
- Glassnode said 35.4% of Bitcoin’s supply, or 7.12 million BTC, has exposed keys.
- Polymarket says its annualized recurring revenue has now surpassed $1.8 billion.
The global crypto market cap fell 1.8% to $2.542 trillion over the past 24 hours. Bitcoin traded at $73,666.33, down 1.9% on the day and down 4.3% over the past week. Data showed it dipping below $73,000 after the US inflation release.
Ethereum traded at $2,059.51, down 3.2% in 24 hours and 9.1% over seven days. BNB slipped 1.3% to $681.80, down 1.6% weekly. XRP fell 3.9% to $1.06, down 15.7% over the week.
CoinGlass data showed $382 million in liquidations over 24 hours, with longs at $295 million and shorts at $87.3946 million.
Trending Searches
Bitcoin led trending searches, down 1.8% to $73,671.44. Zcash fell 11.7% to $1,027.97 after briefly dropping below $1,000 on OKX, and Solana slipped 3.4% to $83.30. Among top gainers, aelf jumped 73.6% to $0.07145, Initia rose 42.6% to $0.291, and ResearchCoin climbed 40.9% to $0.05379.
Inflation Data Lifts Rate Hike Bets
US October CPI rose 0.4% month over month, against expectations of 0.3%. Core CPI rose 0.3%, against an expected 0.2%. CME FedWatch puts the odds of a 25 basis point hike in December at 88.5% and of a 50 basis point move at 11.5%.
Fed Governor Christopher Waller said he would back a one-time 50 basis point hike if inflation keeps accelerating. The two-year Treasury yield then rose as much as 21 basis points to 4.77%. Dallas Fed President Lorie Logan said the Fed needs at least two more 25 basis point hikes. Deutsche Bank now expects increases in December, January and March.
Market Structure Signals
CryptoQuant said its bull market score dropped from 90 to 20. The firm said Bitcoin has fallen below its 365-day moving average of $76,400 and named $73,200 as key support.
Bitcoin is down about 16% this year, while the S&P 500 is up about 10%. Glassnode said public keys for 35.4% of Bitcoin’s supply, or 7.12 million BTC, are already exposed on-chain, which could make those coins a target for future quantum attacks.
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Banks and Institutions
Goldman Sachs, Citi, Santander and Deutsche Bank are among the institutions committing about $270 million to a joint stablecoin project. Polymarket told CNBC its annualized recurring revenue has passed $1.8 billion.
Prediction Market Pressure
CFTC has warned Kalshi it may soon face charges over its notification procedures for dozens of planned contracts. Kalshi said the issues involve procedural errors on a small number of contracts.
A New York federal judge denied Novig’s request for a preliminary injunction. The judge ruled that state gaming laws can apply to its sports contracts.
Anthropic IPO Spills Into Crypto
Anthropic’s updated prospectus plans to offer 825 million shares at $70 to $78 each. The pricing is set for November 18, with trading to begin November 19.
Kraken opened IPO subscription requests through its xStocks product for users outside the US, UK, Canada, and Australia. Kraken charges a 5% spread on top of the offer price. Data showed Anthropic’s pre-IPO perpetual on Hyperliquid trading 23.7% above the top of the price range.
Security and Token Updates
Arcus said a social engineering attack on its domain registrar turned its website into a phishing page, and it pledged to compensate affected users. It said an accounting bug let a user withdraw about $2.234 million in USDG, which it covered from its treasury. Onchain Lens estimated the Binance hacker may have moved about $891 million so far, while $2.6 billion has been frozen.
Allora pushed its first unlock for team and investor tokens from November 11, 2026, to May 11, 2027.
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Related: Bitcoin Quantum Risk Rises as 7.12M BTC Have Visible Public Keys
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