Could the Fed hike by 50bps in December?

A hot CPI print for October has increased the chance of a rate hike from the Federal Reserve in December. There is now an 86% chance of a 25 bp hike, and a 13% chance of a 50 bp hike after headline CPI rose by 0.4% last month, higher than the 0.3% expected by the market. 

Euro slips below 1.1200 as hotter US inflation fuels Fed rate hike bets

EUR/USD extends its decline on Tuesday, trading around 1.1190, down 0.28% on the day at the time of writing.

Stocks rebound sharply, but is the worst over?

The stock market has retraced a large part of last Thursday’s decline - which direction will it move next?

Anthropic presses ahead with IPO as tech rally pauses

The stunning tech rally on Monday that helped US stocks to recover last week’s losses has hit pause. Investors have been jolted awake by news that the Anthropic IPO is going ahead, and it’s going to be big. 

United States Consumer Price Index Core s.a came in at 339.9, above forecasts (0) in October

OCC grants Coinbase full national trust company charter

The OCC granted Coinbase a full national trust bank charter, moving its institutional custody business under direct federal supervision with a three-year migration plan.

The post OCC grants Coinbase full national trust company charter appeared first on Forex Crunch.

Nigeria tells stablecoin issuers: get licensed or leave

Nigeria's central bank has issued a licensing framework for stablecoin issuers: capital minimums, full reserve backing and a window for existing operators.

The post Nigeria tells stablecoin issuers: get licensed or leave appeared first on Forex Crunch.

CFTC gives exchanges 30 days to end geographic access restrictions

The CFTC has ordered designated contract markets to end domestic geographic access restrictions within 30 days under its Impartial Access Requirements interpretation, or explain why they cannot comply.

The post CFTC gives exchanges 30 days to end geographic access restrictions appeared first on Forex Crunch.

Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated

Bitcoin fell below $76,000 to a seven-week low as over $1.1 billion in long positions were liquidated and spot Bitcoin ETFs bled outflows.

The post Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated appeared first on Forex Crunch.

Hyperliquid Strategies files with CFTC to become a futures commission merchant

Hyperliquid Strategies has filed with the CFTC to register as a futures commission merchant, aiming to carry US client accounts for Hyperliquid's HIP-3 permissioned markets.

The post Hyperliquid Strategies files with CFTC to become a futures commission merchant appeared first on Forex Crunch.