Key News Highlights

  • US September Core CPI Month-over-Month (Seasonally Adjusted): 0.2%.
  • Trump nominates SEC Crypto Working Group's Chief Legal Counsel, Michael Selig, as CFTC Chairman.
  • Polymarket CMO confirms POLY token launch and airdrop.
  • Binance Wallet adds "x402" list to its market section.
  • Tether anticipates its profits will approach $15 billion this year.
  • Binance to list Giggle Fund (GIGGLE) and SynFutures (F) and add Seed Tag.
  • x402 protocol token PING market cap retracts after exceeding $70 million, with a 24-hour increase of 327%.
  • Yuga Labs announces the Otherside Metaverse will launch on November 12th.

Fraud Cases and Investigations

Shanghai prosecutors revealed a virtual currency fraud case, with an 8-person group sentenced for inducing investors with full margin trading. Thai regulators raided iris scanning points of the digital identity project World.

Economic Data

US September Core CPI Month-over-Month (Seasonally Adjusted) came in at 0.2%, while the US September Core CPI Year-over-Year (Not Seasonally Adjusted) was 3%.

Market Performance and Moves

US major indexes advanced, with Coinbase and Circle gaining over 9%. Binance plans to list Giggle Fund (GIGGLE) and SynFutures (F) and add Seed Tags. The x402 token PING saw significant gains before retracing.

Analyst Views

JPMorgan Chase suggests Coinbase launching a Base token could unlock as much as $34 billion in value. Tom Lee believes continued on-chain activity on Ethereum provides a strong basis for a significant year-end rally.

Project Developments

Animoca Brands secures in-principle approval from Dubai's VARA to enter the crypto brokerage space. Polymarket CMO confirmed the launch of the POLY token and an airdrop. Aster plans to allocate 70%-80% of S3 transaction fees to repurchase ASTER tokens.

Binance Announcements

Binance will adjust fair mode fee structure initially to combat sniper bots. Binance Wallet added "x402" list in the market section.

Tether Updates

Tether expects profits to approach $15 billion this year and plans to launch US-compliant stablecoin USAT in December.

Rating Adjustments

Citi lowered the price target for Gemini to $23 and raised the price target for Bullish to $77.

Other Developments

Yuga Labs announced the Otherside Metaverse will launch on November 12th. A whale bought a significant amount of SOL in the past 4 days. Address cohorts holding between 100 and 10,000 ETH increased their holdings in the past week. Bitcoin spot ETFs experienced net inflows, while Ethereum spot ETFs saw net outflows.


Risk Warning: This article represents only the author’s views and is provided for informational purposes only. It does not constitute investment advice, investment research, or a recommendation to trade, nor does it represent the stance of the Markets.com platform. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.

Latest news

Friday, 8 May 2026

Indices

India's Tech Boom: India’s Offshore Tech Hubs Near 2030 Milestone in FY26

Friday, 8 May 2026

Indices

Gold Price Today, May 09: Gold (XAUUSD) at $4,720 Faces Correction Risk After 250% Rally as Oil Leads Markets

Thursday, 7 May 2026

Indices

Tata Gold ETF Rides XAUUSD Breakout as Middle East Developments Shake Markets

Thursday, 7 May 2026

Indices

Gold Price Today, May 08: XAUUSD Surge to $4,753 on Easing Oil and Inflation Signals

Wednesday, 6 May 2026

Indices

Crypto Market News Today: Dogecoin DOGEUSD Surges Past $0.115 as Meme Coin Momentum Builds in 2026

Wednesday, 6 May 2026

Indices

Gold Price Today, May 07: XAU/USD Soars 2.73% to Record $4,685 Amid Market Rally

Tuesday, 5 May 2026

Indices

Forex Market Today: USD/JPY Surges Above 150 as Dollar Strength Returns Amid Fed Rate Outlook

Tuesday, 5 May 2026

Indices

Q1 2026 Earnings to Watch Today: Coca-Cola (KO) Set to Report Before Market Open

Tuesday, 5 May 2026

Indices

Gold Price Today, May 06: XAU/USD Hits Fresh Highs Above $4,600 as Safe-Haven Demand Surges Amid Global Uncertainty

Wednesday, 29 April 2026

Indices

Commodity Market Today: UAE to Leave OPEC After Nearly 60 Years in Major Blow to Oil Cartel