BTC perpetual opening of 5.47 million pending orders, or guiding price direction, please pay close attention

Odaily Planet Daily News: According to DefiLlama's data, the stablecoin USDe issued by Ethena Labs has attracted about $1 billion in new funding in the past month, and its market value has rebounded to $3.46 billion, only 5% lower than the historical high of $3.6 billion set in July. The perpetual contract funding rate in the cryptocurrency market became negative in August and September, making Ethena's strategy unfavorable to investors as its yield is lower than the risk-free rate of the US dollar. Investors withdrew $1.2 billion from the agreement between July and October. Analysis indicates that the reason for the rebound in USDe supply can be attributed to the recent surge in contract market funding rates. According to Ethena's official website data, the average APY of sUSDe (pledged USDe) has risen to 29%. More catalysts may drive its further growth in the future. For example, the decentralized lending protocol Aave has added pledged USDe tokens to its available collateral assets, allowing users to borrow with the tokens as collateral while earning profits. （CoinDesk）

ENA will unlock 12.86 million tokens today, worth approximately 6.79 million US dollars, accounting for 0.086% of the total supply. The current circulation is 1.98 billion pieces, with a total of 15 billion pieces.

Odaily Planet Daily News: Alex Thorn, research director at Galaxy Digital, stated that the option listing of BlackRock IBIT, which has a scale of $43 billion, may reduce volatility and increase the Bitcoin investor base. Thorn said in an interview on Tuesday, "Over time, as it becomes more widely held, volatility will decrease, and options will help suppress volatility. As volatility decreases, people can hold larger positions NASDAQ began offering options trading for ETFs for the first time on Tuesday. Thorn stated that if volatility decreases, more investors will view Bitcoin as a fundamental use case rather than just a high-risk bet. He said that options will allow institutions to hedge against Bitcoin more and increase liquidity, while also affecting retail trading during bull markets. He added that the cryptocurrency industry must also figure out how to maintain control in the face of traditional finance entering the field. (Bloomberg)

According to CME's "Federal Reserve Watch", the probability of the Fed keeping current interest rates unchanged until December is 40.9%, and the probability of a cumulative 25 basis point rate cut is 59.1%. The probability of maintaining the current interest rate unchanged until January next year is 30.4%, the probability of reducing interest rates by 25 basis points cumulatively is 54.5%, and the probability of reducing interest rates by 50 basis points cumulatively is 15.2%.

Odaily Planet Daily News: Manhattan District Prosecutor Alvin Bragg has rejected President elect Trump's request to revoke his criminal conviction in the "hush money" case after winning the presidential election. Alvin Bragg suggests freezing this case during Trump's presidency. In a letter to the judge presiding over the "hush money" case, Alvin Bragg emphasized that the jury had previously declared Trump guilty of 34 felony charges in the case, but considering the unprecedented nature of the case, which could make Trump the first US president to bear a felony, Alvin Bragg proposed the possibility of freezing the case during Trump's four-year term, so that Trump would not be sentenced for his crimes before stepping down. (Golden Ten)