Japanese Yen: Structural outflows and intervention watch – MUFG

MUFG’s Derek Halpenny argues that the Japanese Yen remains under pressure from structural portfolio and FDI outflows, even as US yields correct and Washington maintains opposition to Yen weakness.

Cryptocurrencies Price Prediction: Bitcoin, PI & Crypto – European Wrap 4 November

Data from TradingView showed BTC/USD falling into Tuesday’s daily close as election results came in, with Democrats going on to win control of both the House and Senate.

The midterm wave – What is next?

Trump has lost both the House and Senate. For market watchers, two Republican precedents deserve attention:

Bitcoin bounces from 7-week low under $76K as Democrats sweep Congress

Bitcoin (BTC) sought to erase 3% overnight losses on Wednesday as crypto markets digested the Democratic sweep of the midterm elections.

US rates and a triple whammy of obstacles to overcome

The good (AI), the bad (deficits) and the ugly (inflation) extend well beyond the US, with similar dynamics at play in France, Japan and the UK. While our focus here is the US, many of the same themes apply elsewhere.

CFTC clears ‘Equity Perps’ on individual US stocks

Perpetual futures on individual US stocks are deemed approved under Regulation 40.3, with CFTC Chairman Michael S. Selig framing the move as bringing the product onshore.

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Binance routes withdrawals through new wallets, but a tenth of the breach remains uncovered

Binance's updated Proof of Reserves shows new withdrawal wallets and reserve ratios above 100%, yet roughly 10% of breach-affected assets remain un-replenished by its own figures.

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ICE’s Hyperliquid perps deal is the first real test of the CFTC’s onshore perp pathway

ICE and Trade[XYZ] will build a regulated U.S. market for Hyperliquid-based perpetual futures, pending CFTC approval, with ICE taking a minority stake in Trade[XYZ].

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Binance reopens withdrawals Sunday with 90% of stolen crypto replenished

Binance says 90% of the stolen crypto is replenished and withdrawals reopen Sunday, 1 November, with full proof of reserves due 3 November.

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Fed holds rates at 3.75%-4% as two dissents back a hike and bitcoin hovers near $81K

The Fed held rates at 3.75%-4% in a 10-2 vote with Cook and Hammack dissenting for a hike; bitcoin slipped below $80,000 as markets priced a December move.

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