QuantCapTraders are waiting on the Fed's favored inflation gauge after a month of oil-driven rate-hike bets that sent 30-year Treasury yields to their highest since 2002.
Bitcoin stalls with PCE due and the buyers behind its rally thinning out
Bitcoin slipped 0.3% to about $83,700 early Wednesday, U.S. time. Traders are waiting on the personal consumption expenditures (PCE) price index, the Federal Reserve's favored inflation gauge, which is expected to show inflation quickened in August.
A higher-than-expected inflation reading would add to the bets on rate hikes that drove a bruising bond selloff this month. Brent crude rose above $103 a barrel and is up about 14% in September, even though Middle East crude flows are returning to pre-war levels. Treasuries steadied a day after 30-year yields hit their highest since 2002, and the dollar held near its highest since July.
Ether fell 0.7% to about $2,690. HYPE dropped nearly 2%, the worst among the majors, while XRP and TRX each added under 1%, according to CoinDesk data.
Onchain analysis firm CryptoQuant estimates that bitcoin's spot demand has shrunk by about 170,000 BTC over the past 30 days. Growth in futures demand has dropped 90% since Sept. 14.
Micron Technology reports after the U.S. close. Its results are a test for the AI-linked stocks that kept the S&P 500's losses in check through the bond selloff.
1Metaplanet directors push back against shareholder fury over a controversial executive payout plan6 minutes ago 2OpenAI seeks $30 billion in funding at whopping $1.4 trillion valuation after delaying IPO1 hour ago 3Winklevoss-owned Gemini switches Zcash software ahead of faster 25-second blocks2 hours ago 4How European investors can now buy bitcoin without taking on U.S. dollar risk2 hours ago 5Bitcoin bulls have one price level to defend3 hours ago 6Robinhood unveils an AI that trades your money 24/7, and you carry all the risk4 hours ago 7XRP Ledger starts carrying fund records from Brazil operator overseeing $4 trillion5 hours ago 8Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score5 hours ago 9Robinhood adds AI agents, perps and weekend trading in push to win active traders11 hours ago 10Cboe, S&P Dow Jones may explore tokenized options contracts under extended licensing deal16 hours ago
Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Metaplanet directors push back against shareholder fury over a controversial executive payout plan
OpenAI seeks $30 billion in funding at whopping $1.4 trillion valuation after delaying IPO
Bitcoin bulls have one price level to defend