Fed's April rate cut probability rises to 42% after CPI release
BlockBeats news, January 13, according to Reuters, on Tuesday, traders increased their bets that the Federal Reserve may cut rates before the end of Chairman Powell's term in May, as the U.S. Bureau of Labor Statistics reported that core consumer price increases were slightly lower than expected.
Although traders still believe that a rate cut in June is the most likely outcome, the probability of a Federal Reserve rate cut in April has risen to about 42% according to the latest data, up from 38% before the data release.
U.S. CPI year-on-year rate in line with expectations, crypto market surges briefly
BlockBeats news, January 13, the unadjusted year-on-year CPI rate in the U.S. for December recorded 2.7%,持平 with November, in line with market expectations, and the crypto market surged briefly. Bitcoin briefly broke through $92,500, with a 24-hour increase of 2.01%.
Polygon spends over $250 million to acquire two crypto startups, targeting a Stripe-like stablecoin ecosystem
BlockBeats news, January 13, Polygon Labs announced the acquisition of two crypto startups, Coinme and Sequence, with a total transaction amount exceeding $250 million. Polygon Labs did not disclose the individual transaction amounts or the payment method, whether cash, equity, or a combination thereof.
Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal stated that this acquisition is a key component of the company's stablecoin and payment strategy, aiming to strengthen Polygon's position in payment infrastructure.
Coinme, headquartered in Seattle, specializes in cash-to-crypto exchange services and operates a crypto ATM network across the United States, holding multiple state-level money transmission licenses; Sequence, headquartered in New York, provides blockchain infrastructure services, including cryptocurrency wallet products.
DXY Index Drops Briefly, Non-US Currencies Rise Collectively
BlockBeats news, January 13, the DXY index briefly dropped 20 points, now at 98.89. Non-US currencies rose collectively, EUR/USD surged over 20 points, GBP/USD rose 30 points, and USD/JPY fell about 30 points in a short period. (Jinshi)
U.S. stock index futures surged and turned positive, traders increased bets on Federal Reserve rate cuts
BlockBeats news, January 13, after the release of the U.S. December CPI data, U.S. stock index futures surged and turned positive, with the Dow futures now up 0.14%, the S&P 500 index up 0.2%, and the Nasdaq futures up 0.23%.
U.S. short-term interest rate futures rose sharply following the release of inflation data, with traders increasing their bets on Federal Reserve rate cuts. (Jinshi)
A new address went long on 1,300 ZEC with 10x leverage and placed a position increase order at $400
BlockBeats news, January 13, according to OnchainLens monitoring, a newly created wallet address deposited $3.6 million USDC into HyperLiquid and opened a 10x leveraged long position on ZEC, with an entry price of $407.4908 and a position size of 1,322.89 ZEC.
In addition, this wallet has placed a position increase order in the $400–401 range, planning to further expand this position.
Year-on-year core CPI rate in the U.S. for December, unadjusted, is 2.6%, expected 2.70%, previous value 2.60%
BlockBeats news, January 13, the year-on-year core CPI rate in the U.S. for December, unadjusted, is 2.6%, expected 2.70%, previous value 2.60%. (Jinshi)
"Laozi" market cap briefly dropped below $9 million, "Heima" market cap briefly exceeded $10 million
BlockBeats news: On January 13, according to GMGN market data, the Chinese Meme coin "Laozi" briefly dropped below $9 million in market cap, now rebounding to $9.5 million. The price has fallen 20% from the Alpha announcement launch, with a 10% drop over the past 24 hours;
"黑马" market cap briefly exceeded $10 million, currently at $8.9 million. The price has surged 519% from the Alpha announcement launch, with a 313% increase over the past 24 hours.
BlockBeats reminds users that Meme coin trading is highly volatile, heavily dependent on market sentiment and hype, and lacks real value or use cases; investors should be aware of the risks.
Meta Layoffs: Redirecting Resources from VR and the Metaverse to AI Devices
BlockBeats news, January 13, Meta Platforms (META.O) announced layoffs of over 1,000 employees at its RealityLabs division, which is part of the company's strategy to redirect resources from virtual reality (VR) and metaverse products toward AI wearable devices and smartphone features.
According to a notice sent internally by Chief Technology Officer Andrew Bosworth, employees will begin receiving layoff notifications starting Tuesday morning. Earlier reports from foreign media indicated that this round of layoffs will affect approximately 10% of the roughly 15,000 employees at Reality Labs.
Meta spokesperson said: "We mentioned last month that we would shift some investments from the metaverse to wearable devices. This round of layoffs is part of that strategy, and we plan to reinvest the saved resources to support the growth of our wearable business this year." (Jinshi)
Analyst: If CPI data pushes up the dollar, Japanese authorities may be forced to take action to support the yen
BlockBeats news, January 13, market analyst Jeremy Boulton said that if the U.S. inflation data released on Tuesday pushes up the dollar, the Japanese authorities may be forced to take action to support the yen, as they believe the yen's decline has been excessive. Since last week's U.S. employment report, market expectations for Federal Reserve rate cuts have weakened, with current expectations now only for one more 25 basis point cut, and the potential terminal rate for this easing cycle has risen from 3.0% to 3.25%.
If the December inflation data exceeds the economists' forecast of 2.7% year-on-year (forecast range: 2.5% to 2.9%), it will further strengthen this market expectation. Ironicaly, the market currently has almost no speculative positions (net JPY position around $200 million), and exchange rate volatility has significantly decreased over the past year.
Spot silver breaks $87 per ounce for the first time, up over 21% year-to-date
BlockBeats news, January 13, according to Bitget market data, spot silver has broken through $87 per ounce for the first time, rising over 21% year-to-date.
Spot silver reaches a new all-time high, breaking through 86.244 USD/oz
BlockBeats news, January 13, according to Bitget market data, before the CPI release, spot silver broke through 86.244 USD/oz, reaching a new all-time high.
Trump ramps up stimulus expectations ahead of midterm elections, Wall Street bets on strong performance of cyclical stocks
BlockBeats news: On January 13, as the U.S. midterm elections approach, Wall Street is interpreting the Trump administration's recent economic statements as a 'broad pro-growth signal,' betting that it will fully stimulate the economy and consumption before November, thus benefiting the performance of cyclical assets.
Market participants pointed out that the Trump administration's core objective, from continuously calling for interest rate cuts to proposing ideas such as capping credit card interest rates, is to maintain economic vitality and affordability for people's livelihood. Investment banks generally believe this policy orientation is more favorable to cyclical sectors such as industry, raw materials, and non-essential consumer goods, rather than defensive stocks.
The stock, considered a dark horse, surged over 400% in a short period, with its market capitalization briefly exceeding $8 million.
According to BlockBeats, on January 13, possibly influenced by the news of "Binance Alpha listing 'Dark Horse'", the Chinese coin "Dark Horse" surged by over 400% in a short period, with its market value once exceeding $8 million. It has now fallen back to $5.94 million, with a 24-hour increase of 242%.
BlockBeats reminds users that most Meme coins lack real-world use cases and experience significant price volatility. Please be mindful of asset protection and avoid FOMO (Fear of Missing Out).
"Laozi" surges nearly 80% briefly before dropping, market cap now below $10 million
BlockBeats news: On January 13, due to rumors about the launch of "Laozi" on Binance Alpha, the Chinese Meme coin "Laozi" surged nearly 80% briefly before dropping, with its market cap now falling below $10 million, currently at $9.32 million, and the price down 18% from the level before the listing announcement.
BlockBeats reminds users that most Meme coins have no practical use cases and are highly volatile; please protect your assets and avoid FOMO.
Analysis: Federal Reserve independence under pressure, business silence draws attention
BlockBeats news, January 13, against the backdrop of the Trump administration launching a judicial investigation into Federal Reserve Chair Powell, the independence of the Federal Reserve is facing a severe challenge. However, despite the conventional consensus that central bank independence is the cornerstone of developed economies, the U.S. business community has shown an unusually calm response.
It has been disclosed that the U.S. Department of Justice has issued a criminal investigation subpoena to Powell over the renovation costs of the Federal Reserve's headquarters. Powell responded unusually firmly, stating that the investigation is not about testimony or the construction itself, but rather a threat to the central bank's independent decision-making, as the Fed did not align its monetary policy with the president's preferences.
On-chain Evening Recap: High-leverage funds return to BTC, directional分歧 remains
BlockBeats news, January 13, according to Hyperinsight monitoring, from 10:00 to 20:00 today, the following hot whale movements with new allocations are as follows:
Bullish camp:
"Strategy Counterparty" closes SOL long position, realizing a profit of $700,000.
"Lightning Reversal" Whale restarts long position on 310.29 BTC with 20x leverage.
"ETH Counterparty of 100% Win Rate Whale" increases long position on BTC by approximately $14.8 million, bringing total holdings to $26.3 million.
Bearish camp:
A certain whale opens short positions on BTC, ETH, and SOL with 20x leverage, with total position value reaching $140 million.
"20 Million Swing Hunter" reduces BTC and PUMP short positions, initiates long position on ZEC.
Bitcoin withdrawals resume, CEX net outflow of 1,037.83 BTC in the past 24 hours
BlockBeats news, January 13, according to Coinglass data, the total net outflow from CEXs in the past 24 hours is 1,037.83 BTC. The top three CEXs by outflow volume are as follows:
· Binance, outflow of 915.96 BTC;
· Bybit, outflow of 499.46 BTC;
· Gate, outflow of 238.68 BTC.
Additionally, Kraken inflow of 796.45 BTC, ranking first on the inflow list.