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In October, the core CPI in the United States exceeded expectations for three consecutive months, with rising costs in energy, services, and AI increasing pressure for interest rate hikes

Inflation data for October in the United States sends multiple warning signals. The data shows that the core CPI rose by 0.3% month-on-month, higher than the market expectation of 0.2%, exceeding expectations for the third consecutive month; the overall CPI rose by 0.4% month-on-month, also above expectations. The impact of rising energy prices is spreading to areas such as food and transportation, and service inflation remains robust, further complicating the Federal Reserve's efforts to control inflation.Specifically, food prices in the U.S. rose by 0.5% month-on-month in October, with grocery prices recording the largest monthly increase since April; urban transportation service prices saw the largest monthly increase since 2020, and prices for airline tickets and delivery services also increased. Additionally, service prices excluding energy and housing rents rose by 0.4% month-on-month, while owners' equivalent rent increased by 0.3%.AI investments are bringing new cost pressures. Over the past three months, the annualized price increase for computers and peripheral devices in the U.S. reached 25%, and electricity prices rose by 0.9% month-on-month in October, marking the largest increase in six months. Morgan Stanley estimates that AI-related factors have contributed about 6 basis points to the core CPI this year, with the current impact still relatively limited, but as data center investments expand, related pressures may rise further.In terms of monetary policy, Chicago Fed President Goolsbee described the latest inflation data as approaching an alarming level. Fed Governor Waller previously stated that if the core CPI month-on-month increase reaches 0.3% or higher, the December meeting should consider raising interest rates by 50 basis points. Goldman Sachs has included a forecast for an additional 25 basis point increase in March 2027, expecting that the target range for the federal funds rate will rise to 4.25% to 4.50%. However, some economists warn that there is a lag in the transmission of energy prices, and over-reliance on current data may lead to excessive tightening of monetary policy.

Analysis: The process of deleveraging has accelerated, and Binance's Bitcoin open interest has decreased by 17% in one month

CryptoQuant analyst Darkfost stated that within less than a month, the open interest of BTC on the Binance platform has decreased from 10.6 billion dollars to 8.8 billion dollars, a drop of 17%. Meanwhile, its 180-day moving average has risen from 8.4 billion dollars to 8.6 billion dollars. As the open interest falls below the moving average, new signals of deleveraging are emerging in the market. In a bull market phase, this signal typically appears when market corrections are nearing their end, reflecting that traders are reducing their leveraged exposure, which includes both voluntary liquidations and forced liquidations due to insufficient margin.Aside from the fact that this process may last for months in a bear market, a similar signal last appeared in June of this year when the BTC price was below 60,000 dollars, subsequently rebounding to above 87,000 dollars, with an increase of over 45%. Currently, as the open interest declines, the market is also experiencing large-scale liquidations. Low volatility seems to encourage some traders to take on higher risks to compensate for the insufficient returns brought about by the narrowing price fluctuations, making them more susceptible to market reversal shocks. Over the past three months, the monthly liquidation scale on Binance has reached new highs since 2021: over 1.4 billion dollars in August, 1.1 billion dollars in September, and 1.3 billion dollars in October. This trend appears to continue into November, with the liquidation scale exceeding 520 million dollars before the end of the first half of this month.These data highlight the potential losses that leveraged trading can bring to investors. In a market environment with low volatility and shrinking trading volume, blindly increasing risk exposure due to a lack of patience can quickly lead to heavy costs. However, the deleveraging phase also helps improve the market environment. Reducing leveraged positions can lower the risk of cascading liquidations, allowing spot demand to play a greater role in market pricing, thereby helping Bitcoin establish a more robust market structure.

Gate October Transparency Report: Launching Gate Money to Connect Diverse Assets, Spot Trading Share Growth Ranks Second in the World

Gate released the transparency report for October 2026. The report shows that in October, Gate officially launched Gate Money around the strategic concept of "One Gate, Everything Money," integrating global bank accounts, fiat currencies, digital assets, stocks, and payment services. Eligible users can open a global electronic bank account of the same name online. Currently, users can enjoy SWIFT cross-border payment services for four major fiat currencies: USD, EUR, GBP, and AED, with both account management fees and withdrawal fees reduced by 50%, streamlining the entire process from "account opening --- funds --- assets --- consumption."In the future, this service plans to expand to markets in Europe, Australia, Dubai, and support the receipt of over 60 local currencies. In terms of trading and wealth management ecosystem, CoinDesk's monthly "Exchange Review" shows that Gate's derivatives trading volume in October reached $394 billion, maintaining its position as the third largest global centralized exchange (CEX); spot trading volume grew against the trend by 2.1% to $49.8 billion, with a market share increase ranking second globally. Idle Money's holdings exceeded $340 million, Launchpool's monthly staking amount surpassed $575 million, and the additional rewards from Idle Money increased significantly by 61.04% month-on-month.While rapidly expanding its business, Gate continues to solidify its security foundation, with total reserves rising to $8.688 billion in October, a month-on-month increase of 5.7%, and the overall reserve ratio rising to 118.49%, ensuring comprehensive protection of user asset security with ample excess reserves.

first_img Analyze: The purchase of Montra tokens is a personal decision, and I apologize to the team

Analyze, responsible for the extensive marketing and operational strategies of the Elysium ecosystem token issuance platform Ascend, responded to related doubts about Spinor and the Ascend community. Analyze stated that the plan to purchase tokens from the ecosystem issuance platform Montra was made solely by him, and other team members were not involved in that decision. He mentioned that one or two days before the token launch, he transferred $100,000 to a wallet to establish a position, viewing this as a business arrangement for Ascend, believing that companies often purchase equity in competitors through strategic investments, and purchasing Montra was similar. Analyze stated that the relevant tokens were purchased after the launch, and any market participant could perform similar operations.Analyze also mentioned that after learning about the purchase of Montra tokens, a friend created a FOMO wallet and suggested transferring the tokens to that wallet. He admitted that a large number of comments were handled by him before the release, and he did not stop them, allowing them to continue, calling this practice extremely unprofessional and apologizing for it. Analyze stated that unexpected situations arose on the day of the launch, leading him to make irrational decisions, and he also pushed Tommy to acquire more supply, while Tommy initially expressed opposition. Analyze publicly apologized to Tommy, the rest of the Ascend team, and the community, stating that his decision put all parties in the current situation, and he takes responsibility for it.

first_img On-chain investigation: Ascend associated addresses hold 3.2% of the MONTRA supply

On November 10, 2026, an on-chain investigation reported that the Elysium issuance platform Ascend associated address transferred approximately $140,000 through two privacy pools into three new wallets, and purchased shortly after MONTRA went live. The tokens were sent to the same FOMO wallet, which holds 32,014,541 tokens, accounting for about 3.2% of the supply, and this wallet has no purchase records. MONTRA is the platform token of the Elysium issuance platform Montra, which went live at 00:36 UTC on that day. Ascend co-founder is CryptoTomYT.Route A deposited 40,000 USDC into the Privacy Cash on Solana on November 10, and withdrew an equivalent amount 47 seconds later, exchanging it for 530.57 HYPE, then purchased 6,846,772 tokens and transferred them out. Route B deposited 100,328.25 USDC into the Base privacy pool on November 9 and withdrew an equivalent amount within the same hour. Two new wallets from Route B purchased approximately 25.6 million tokens within about 5 minutes of going live, with launch fees up to 23.2%.The investigation stated that Route A's deposit wallet previously received 27.7 SOL from ethanhates.sol and transferred approximately $66,200 to an address claimed by CryptoTomYT. The first funds for Route B came from an Arkham labeled FOMO account as analyzationz. The remaining 10 new wallets that transferred funds within the same hour, combined with the aforementioned buyers, hold a total of 25.8% of the LAUNCHPAD supply.
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