Group 1 - Bitcoin (BTC) experienced a decline back to $88,000 after briefly rallying above $93,000, indicating a pattern of selling pressure following modest gains [1] - Nvidia (NVDA) reported better-than-expected earnings and a positive outlook, which initially boosted both the crypto market and the Nasdaq index by over 2% [1] - The Nasdaq index has seen a rapid reversal of gains, now only up by 0.3%, with Nvidia's stock trading flat after a previous increase of more than 5% [2] Group 2 - The September employment report revealed a stronger-than-expected addition of 119,000 jobs, contributing to a macroeconomic sentiment that the Federal Reserve is unlikely to cut interest rates in December [2] - Cleveland Fed President Beth Hammack expressed concerns about high stock prices and inflation, reminiscent of Alan Greenspan's "irrational exuberance" speech from 1996, which preceded a significant stock market rally [3] Group 3 - Ethereum's ether (ETH) fell nearly 4% in a short time frame, potentially impacted by FG Nexus selling a portion of its holdings to buy back its significantly devalued stock [4] - Crypto-related stocks faced substantial losses after initial gains, with Michael Saylor's Strategy (MSTR) down 4.7% and 62% year-over-year, reaching a new 52-week low of $178 [5] - Exchanges Coinbase (COIN) and Gemini (GEMI) saw declines of 4% and 5%, respectively, while stablecoin issuer Circle (CRCL) dropped by 3.5% [5]

Market Trends & Cryptocurrency Performance - Crypto majors rebound after NVDA earnings beat; BTC back to $91,800 [1] - Bitcoin ETFs see net inflows for the first time in 6 sessions, with $75.4 million inflows; SOL ETFs also spike with $48.5 million inflows [1] - Memecoin leaders are mixed, with FARTCOIN leading at +17% [1] - EDEL jumped 28% to $100 million, up 150% over the past 3 days [2] Regulatory & Security Concerns - Vitalik warns of quantum computing threat looming by 2028, urging a shift to quantum-resistant security within 4 years [1] - Samourai Wallet co-founder sentenced to four years for operating an unlicensed Bitcoin mixing service [1] - India plans to launch a stablecoin 'ARC' pegged 1:1 to the rubee under its CBDC framework in Q1 2026 [1] - WLFI announced that attackers gained access to a small subset of user wallets and that impacted users will shortly receive refunds [2] Corporate & Institutional Developments - Kraken files for IPO after $800 million raise [1] - The UAE tripled its position in BlackRock's IBIT, now holding $518 million [1] - BlackRock is planning to file for a staked ETH ETF [1] - CME is set to begin offering sports event contracts starting December 6 [1][2]

Market Overview - The US dollar has gained against major currencies, particularly the Japanese yen and New Zealand dollar, with a notable increase of 0.24% against the yen [1] - The dollar's strength is attributed to hawkish Federal Reserve minutes indicating a lower likelihood of a December rate cut, with the probability now at around 25%, down from 50% [2][3] Federal Reserve Insights - The minutes from the Federal Reserve's latest monetary policy meeting revealed that many participants do not see a need for a December rate cut, while several believe it may be warranted [2] - Most Fed members agree that further reductions to the federal funds rate are appropriate, suggesting that a potential December cut would not indicate a change in policy direction [4] Labor Market Data - Market participants are focused on the delayed Non-Farm Payroll (NFP) report for September, which is expected to show a small improvement in job gains, rising from 22,000 to 53,000 [7][8] - A reading above 100,000 may be necessary for traders to adopt a more hawkish stance regarding future rate cuts [8] Japanese Yen Performance - The Japanese yen has weakened significantly, with the dollar/yen exchange rate surpassing 156.80, as Japan's Finance Minister stated that the yen was not discussed with the Bank of Japan (BoJ) Governor [9] - Traders interpreted this as a lack of imminent intervention, leading to increased short positions on the yen [10] Economic Outlook - The probability of a December rate hike by the BoJ is currently at 30%, with a slight majority of economists expecting a rate increase in the near future [10] - Further declines in the yen could potentially lead to a rate hike as policymakers aim to prevent inflation spikes [12] Nvidia's Market Impact - Nvidia's revenue forecasts exceeded analysts' expectations, contributing to a positive sentiment on Wall Street, with all three main indices closing higher [13] - Despite this, concerns about a potential tech bubble remain due to high forward price-to-earnings ratios in the S&P 500 [14]

Core Insights - A Federal Reserve rate cut in December is becoming less likely due to sharp divisions among committee members regarding future monetary policy [2][3][7] - The minutes from the recent policy committee meeting indicate that while some members support further rate cuts, many are inclined to maintain current rates to combat persistent inflation [5][4] Summary by Sections Federal Reserve's Decision-Making - The Federal Open Market Committee (FOMC) is facing a dilemma between lowering interest rates to support job growth and keeping them high to control inflation [2][7] - The chances of a rate cut in December have decreased from 50% to approximately 33% following the release of the meeting minutes [3][7] Economic Context - High inflation has persisted for five consecutive years, exceeding the Fed's target of a 2% annual rate, complicating the decision-making process [5][4] - The recent 43-day federal government shutdown has delayed key economic reports, further limiting the data available for FOMC members to consider [8][9] Member Opinions - Only one out of twelve FOMC members voted against lowering the fed funds rate, indicating a divided stance among members [5][9] - The minutes reveal that many members are becoming increasingly reluctant to cut rates due to ongoing inflation concerns [5][4]

CONCLUDED Stock Futures Climb After Nvidia Earnings Last Updated: 3 hours ago The S&P 500 Is Trading Sideways By Karishma Vanjani Stocks have barely budged all afternoon as buyers stay away from making big bets. The Dow is down 0.2%, while the Nasdaq is up 0.5%. But the S&P 500 has stuck to the breakeven line, making tiny losses and gains most of the day despite the headlines: Fed policymakers shed light on December interest rate cut and earnings roll in from Lowe's and Target. Investors are waiting for Nvi ...

Fed officials are divided over whether to cut interest rates again in December, according to minutes from the central bank’s last policy meeting. “In discussing the near-term course of monetary policy, participants expressed strongly differing views about what policy decision would most likely be appropriate at the Committee’s December meeting,” the minutes read. While “most” members of the Fed thought that lowering rates at the December meeting would be appropriate as the central bank moves rates toward ...

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday.At the same time, many officials said “it would likely be appropriate” to keep rates “unchanged for the rest of the year,” a sign of strong divisions among policymakers about the central bank’s next steps.Rate cuts by the Fed, over time, typically lower borrowing costs for mortg ...

Core Viewpoint - The central bank's recent meeting revealed significant disagreements regarding the Fed's next steps for the upcoming month [1] Group 1 - There were "strongly differing views" among members about the appropriate actions the Fed should take [1]

Bitcoin FOMC minites. Photo by BeInCrypto In the past 60 minutes, over $112 million longs have been liquidated as traders de-risk in anticipation of the FOMC minutes. Bitcoin slipped below the $90,000 psychological levels, blowing millions in long positions out of the water. $115 Million Longs Wiped Out Amid FOMC Minutes Jitters Data on Coinglass shows that over $112 million in long positions have been liquidated over the past hour. These positions were flushed out as the Bitcoin price dipped below the ...

LONDON (AP) — Inflation in the U.K. fell to a four-month low in October, official figures showed Wednesday, in a move that has raised expectations of another Bank of England interest rate cut next month. The Office for National Statistics said the annual rate of inflation, as measured by the consumer prices index, fell to 3.6% in October from 3.8% the previous month. Though the rate was the lowest since June, it was a bit higher than the 3.5% that most economists were forecasting for the month. The main ...