24x7 Flash News
Stay informed with accurate and timely crypto news — from Bitcoin to altcoins to DeFi, Web3, and market trends.
Phemex Crypto Market Daily: STRK Surges 44% Ahead of US CPI Test (Oct 11)
Key Takeaways:
1. Macro Environment US September CPI is forecast at 3.6% as the Fed weighs another rate hike amid 24-year high Treasury yields near 5.24%. The UK sanctioned crypto services Cryptomus, Heleket and TokenSpot for facilitating illicit financing linked to Russia's wartime economy. China’s State Council called for a national blockchain network integrating real and digital economies, signaling state-led infrastructure investment. 2. Crypto Market Crypto markets showed mixed performance with BTC at $83,063 (+0.24%) and ETH at $2,504 (+0.03%) consolidating after $681M in weekly ETF outflows. L2 and modular sectors led gains as STRK surged 43.93%, TIA rallied 19.55%, and APT climbed 11.81% on tokenomics overhauls and ecosystem upgrades. Broader altcoins remained subdued with SOL -0.58%, DOGE -0.77%, and XRP -0.60% reflecting cautious positioning ahead of macro catalysts. 3. Today's Outlook NEAR Protocol holds an issuance cut vote today that could reduce token inflation and influence staking economics if approved by governance participants. PUMP unlocks $38.82M tomorrow alongside XRPN’s Nasdaq listing, creating potential sell pressure and volatility in meme-related assets. IMF-World Bank Annual Meetings begin Monday with Fed Chair Warsh speaking Wednesday, setting the stage for US CPI data on October 14.
