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Coinbase Volume Down 52%, Stars Arena Recoups 90% of Hacked Funds

Oct 12, 2023
Market Update Equity markets are lower following a higher-than-anticipated rise in the US CPI. The S&P lost 0.8%, while the Nasdaq is down 0.5%. Consumer prices in September rose by 3.7% year-over-year, surpassing the predicted 3.6% increase, though core prices saw a 4.1% increase, in line with forecasts. $DXY turned higher to climb above 106, while the 2Y yield gained 1.33% and both the 10Y and 30Y rose by over 3%. CME futures are pricing in a 86% probability that the Fed does not raise rates at its November meeting. This is despite yesterday's September Fed minutes release indicating most members felt another rate hike is probably suitable, with the need to maintain higher rates until inflation aligns with the Fed's 2% objective. $BTC is on pace for its 5th straight day of losses, trading down 0.8% to reach $26.6k at writing. $ETH has fallen 1.4% to $1.53k. The verdict regarding Grayscale's legal action against the SEC, aiming to transition the $GBTC trust into a spot $BTC ETF, is anticipated to be announced tomorrow. $FXS is outperforming among alts, gaining 5.5% over the last day. $FXS is broadening its scope into RWA through its forthcoming FRAX V3 update, enabling users to interact with US T-Bills directly on the blockchain. Additionally, $FXS is gearing up for two other m

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