*TRUMP: US TO IMPOSE ADDITIONAL 100% TARIFF ON CHINA STARTING NOV 1
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MORE THAN $2B LIQUIDATED FROM THE CRYPTO MARKET IN THE LAST 12HRS
THE LARGEST SINGLE LIQUIDATION ORDER HAPPENED ON HTX-BTC VALUE $87.53M
THE LARGEST SINGLE LIQUIDATION ORDER HAPPENED ON HTX-BTC VALUE $87.53M
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MORE THAN $3 BILLION IN CRYPTO POSITIONS LIQUIDATED IN THE LAST 12 HOURS
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Binance: Due to heavy market activity, our systems are under high load. Some users may experience intermittent delays or display issues.
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ATOM WICKED TO $0.001 ON BINANCE DURING CRASH, CURRENTLY AT $2.7
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ONE OF THE LARGEST LIQUIDATION EVENT
$10 BILLION LIQUIDATED IN CRYPTO POSTIONS
$10 BILLION LIQUIDATED IN CRYPTO POSTIONS
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MORE THAN $19 BILLION IN CRYPTO POSITIONS LIQUIDATED IN THE LAST 12 HOURS
*The largest single liquidation order happened on Hyperliquid - ETHUSDT value $203.36M
*$10B+ liquidated on Hyperliquid
*$4.5B+ liquidated on Bybit
*Binance reported only $2.5B in liquidations
*The actual total is likely much higher as Binance only reports one liquidation order per second: CoinGlass
Some Estimates suggest between $30B to $40B has been liquidated
*The largest single liquidation order happened on Hyperliquid - ETHUSDT value $203.36M
*$10B+ liquidated on Hyperliquid
*$4.5B+ liquidated on Bybit
*Binance reported only $2.5B in liquidations
*The actual total is likely much higher as Binance only reports one liquidation order per second: CoinGlass
Some Estimates suggest between $30B to $40B has been liquidated
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CHINA TIGHTENS SCRUTINY OF RARE EARTH MAGNET EXPORT LICENSE APPLICATIONS; SCRUTINY IS SIMILAR TO APRIL, AT HEIGHT OF US-CHINA TRADE WAR – RTRS CITES SOURCES
*CHINA'S RARE EARTH EXPORTS DROPPED BY 31% IN SEPTEMBER
*Bessent told FT that China’s introduction of the restrictions — three weeks before Trump is expected to meet Xi in South Korea — reflected problems in its own economy. “This is a sign of how weak their economy is, and they want to pull everybody else down with them,"... “If they want to slow down the global economy, they will be hurt the most.”
*CHINA'S RARE EARTH EXPORTS DROPPED BY 31% IN SEPTEMBER
*Bessent told FT that China’s introduction of the restrictions — three weeks before Trump is expected to meet Xi in South Korea — reflected problems in its own economy. “This is a sign of how weak their economy is, and they want to pull everybody else down with them,"... “If they want to slow down the global economy, they will be hurt the most.”
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TRUMP: CHINA NOT BUYING US SOYBEANS IS ECONOMICALLY HOSTILE ACT
TRUMP: CONSIDERING ENDING COOKING OIL BUSINESS WITH CHINA
TRUMP: CONSIDERING ENDING COOKING OIL BUSINESS WITH CHINA
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TRUMP: WE'RE IN A TRADE WAR WITH CHINA
TRUMP: TARIFFS VERY IMPORTANT TOOL FOR DEFENCE
TRUMP: 'LOOKING AT LAND' STRIKES ON VENEZUELA
TRUMP: I'M GOING TO GO TO THE SUPREME COURT TO WATCH THE TARIFFS CASE
TRUMP: TARIFFS VERY IMPORTANT TOOL FOR DEFENCE
TRUMP: 'LOOKING AT LAND' STRIKES ON VENEZUELA
TRUMP: I'M GOING TO GO TO THE SUPREME COURT TO WATCH THE TARIFFS CASE
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GOLD FUTURES HIT RECORD HIGH AT $4,300
S&P 500 DOWN 1%
BTC DROPPED BELOW $108K
VIX HITS NEARLY 5-MONTH HIGH, RISES ABOVE 24
US 2-YEAR YIELD FALLS TO 3.42%, LOWEST SINCE SEPTEMBER 2022
TRADERS FULLY PRICE IN TWO MORE FED RATE CUTS BY END-2025
S&P 500 DOWN 1%
BTC DROPPED BELOW $108K
VIX HITS NEARLY 5-MONTH HIGH, RISES ABOVE 24
US 2-YEAR YIELD FALLS TO 3.42%, LOWEST SINCE SEPTEMBER 2022
TRADERS FULLY PRICE IN TWO MORE FED RATE CUTS BY END-2025
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TRUMP SAYS HE'S MEETING WITH CHINA'S XI IN TWO WEEKS
TRUMP: SUCH HIGH TARIFFS ON CHINESE GOODS NOT SUSTAINABLE
TRUMP, ASKED IF HIGH CHINA TARIFFS WILL STAND: NO
TRUMP: SUCH HIGH TARIFFS ON CHINESE GOODS NOT SUSTAINABLE
TRUMP, ASKED IF HIGH CHINA TARIFFS WILL STAND: NO
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TRUMP PARDONED BINANCE FOUNDER CHANGPENG ZHAO ON WEDNESDAY: WSJ
A pardon will likely pave the way for Binance, to return to the U.S., after the company pleaded guilty in 2023 to violating U.S. anti-money-laundering requirements and was barred from operating there.
Trump pardoned CZ following months of efforts by CZ to boost the Trump family's own crypto company.
Trump: I pardon a lot of people. I don't know. CZ was recommended by a lot of people.
A pardon will likely pave the way for Binance, to return to the U.S., after the company pleaded guilty in 2023 to violating U.S. anti-money-laundering requirements and was barred from operating there.
Trump pardoned CZ following months of efforts by CZ to boost the Trump family's own crypto company.
Trump: I pardon a lot of people. I don't know. CZ was recommended by a lot of people.
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Altcoin market capitalization would be roughly $800 billion higher if retail investors — especially in South Korea — hadn’t redirected their attention toward crypto-related stocks and other equities (DATs): 10x Research CEO
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U.S. SEPT CPI IN 30MIN: INFINITYHEDGE
Forecast:
*headline: 0.39% vs 0.38% M/M prev.
*headline: 3.1% vs 2.9% Y/Y
*Core CPI: 0.30% vs 0.35% M/M
*Core CPI: 3.1% vs 3.1% Y/Y
SPX rxn on Core MoM:
> 0.40%: -1.5% to -2.25%
0.35-0.40%: -0.5% to -1.25%
0.30-0.35%: flat to +0.5% (base case)
< 0.30%: +0.75% to +1.5%
JPM sees a ~65% chance that S&P 500 will be +ve following CPI release.
JPM expecting this CPI day to be “less volatile than usual,” with investors’ expectations that the Fed will ease again on Oct. 29 likely offsetting any inflation-related angst.
GS: Market is fully pricing the cuts in our forecast through the end of this year. The impetus for the market’s shift towards pricing more easing has been the weaker labor market and not the inflation picture, so this CPI print is unlikely to be definitive.
BBG Strategists: Bonds and equities face asymmetric downside risks should inflation come in hotter-than-expected on Friday. However, if traders start questioning the quality of the data, the first reaction may not be the last.
Forecast:
*headline: 0.39% vs 0.38% M/M prev.
*headline: 3.1% vs 2.9% Y/Y
*Core CPI: 0.30% vs 0.35% M/M
*Core CPI: 3.1% vs 3.1% Y/Y
SPX rxn on Core MoM:
> 0.40%: -1.5% to -2.25%
0.35-0.40%: -0.5% to -1.25%
0.30-0.35%: flat to +0.5% (base case)
< 0.30%: +0.75% to +1.5%
JPM sees a ~65% chance that S&P 500 will be +ve following CPI release.
JPM expecting this CPI day to be “less volatile than usual,” with investors’ expectations that the Fed will ease again on Oct. 29 likely offsetting any inflation-related angst.
GS: Market is fully pricing the cuts in our forecast through the end of this year. The impetus for the market’s shift towards pricing more easing has been the weaker labor market and not the inflation picture, so this CPI print is unlikely to be definitive.
BBG Strategists: Bonds and equities face asymmetric downside risks should inflation come in hotter-than-expected on Friday. However, if traders start questioning the quality of the data, the first reaction may not be the last.
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