Federal Reserve's Daly: Economy Facing Downside Demand Shock Under Controlled Inflation
On November 10th, Federal Reserve's Daly stated that the U.S. economy might be facing a situation of weak demand. At present, tariff-related inflation seems to be under control. Daly is not a voting member of the Federal Open Market Committee at present, and she did not specify what actions the upcoming December meeting will take. She said, "To formulate policy accurately, we need to maintain an open mind and conduct in-depth research on the evidence on both sides of the debate."
Daly said: "So far, the impact of tariffs has been mainly limited to goods and has rarely spread to service sector inflation or inflation expectations. The latter remains relatively firmly anchored near our target." (FXStreet)
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Pendle Launches New Pool, Boros Introduces Hyperliquid BTC Funding Rate Market New Expiry Date
On November 10th, as per official channels, the DeFi yield protocol Pendle has recently added 11 new asset yield pools. These include AID, sAID, syzUSD, yzUSD, tmvUSDTO, nBASIS, ynRWAx, ynUSDx, USD (Midas mRe7BTC), USD (Midas mRe7yield), and nWBTC.
Meanwhile, Pendle's funding rate trading platform Boros has recently launched a new expiry date (November 28th) for the Hyperliquid platform's BTCUSD funding rate market, which supports both BTC and USDT pairs. Boros aims to offer investors a new means to directly trade or hedge against funding rate fluctuations.
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The Balancer Hacker has successfully swapped all stolen assets for ETH and now holds 25,300 ETH.
On November 10th, as per the on-chain data analyst yujinmonitor, in the past few days, the Balancer hacker has been constantly swapping ETH LST tokens and other non-ETH tokens for ETH. At present, almost all have been converted into ETH, with a total holding of 25,300 ETH (approximately $91.69 million).
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If Bitcoin rebounds above $108,000, the mainstream CEX cumulative short liquidation intensity will reach $1.132 billion
On November 10th, according to Coinglass data, if Bitcoin rebounds and goes above $108,000, the cumulative short liquidation intensity on mainstream CEX will reach 563 million.
Conversely, if Bitcoin drops below $104,000, the cumulative long liquidation intensity on mainstream CEX will reach 1.296 billion.
BlockBeats Note: The liquidation chart does not display the precise number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what degree the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that once the price is reached, it will experience a more intense reaction due to a liquidity cascade.
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Binance will convert the Cross Collateral (CC) Futures Contract to a Perpetual Futures Contract.
On November 10th, according to official sources, Binance will convert the pre-market trading of CCUSDT perpetual contracts to the standard version CCUSDTU Coin-margined perpetual contracts at 19:30 (UTC+8) on November 10th. The transition period may last up to 3 hours. The duration of the transition depends on price volatility and index price stability. During the transition period, trading functionality will not be affected, and unfilled orders and positions will not be canceled.
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Current mainstream CEX and DEX funding rate displays indicate that the market is still bearish on altcoins, while BTC and ETH have returned to neutral positioning
On November 10th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that after experiencing a nearly 3-day rebound in the crypto market, market participants still maintain a bearish sentiment towards altcoins. However, at present, the funding rates for Bitcoin and Ethereum have returned to a neutral range. The specific funding rates are presented in the following chart.
BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bul
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