While attention stayed on bitcoin, ETH leverage quietly came back. Open interest is up to $14.5bn from below $10bn as price recovers toward $2.5k. It is still well under the $30bn 2025 high, with price rising alongside it. The risk comes if open interest outruns price. (Bitfinex)
USDD Releases October Transparency Report: Reserve Assets Reach $2.21 Billion, Cumulative Returns Exceed $33.59 Million USDD released its October 2026 Transparency Report. As of October 31, the circulating supply of USDD was approximately 1.5 billion, with reserve assets reaching $2.21 billion and a collateralization ratio remaining at 146.99%. In October, the average daily minting volume of USDD increased by 10.5% month-over-month. From October 12 to 19, the market capitalization of USDD increased by $180.3 million. On October 12, the circulating supply of USDD surpassed $1.81 billion, and the total value added (TVL) exceeded $2.51 billion. USDD Smart Allocator's investment returns increased by 8.5% month-over-month in October, with the average daily fund deployment increasing by 15%, and cumulative returns reaching $33.59 million. USDD Earn on the BNB Chain saw a 62.9% month-over-month increase in TVL at the end of the month. USDD has partnered with Binance Wallet, Gate DEX, Morpho, and Pendle. USDD's treasury balance increased by 27.1% quarter-over-quarter in the third quarter of 2026, exceeding $30 million.
Privacy token Dash has released Core version 24.0.0, which includes a v24 network upgrade (hard fork) that all nodes must update to. This update includes decentralized masternode staking, supporting multiple parties to share collateral for a single masternode and split rewards through multi-party payments (DIP-0026). Additionally, the update includes expanded masternode addresses, Dash Platform improvements, coin mixing denomination adjustments, default activation of descriptor wallets, and support for compact quorum proofs.
The U.S. will release its October non-farm payroll data at 9:30 p.m. on Friday. The market expects non-farm payrolls to increase by approximately 59,000 to 65,000 in October, a slight increase from the initial figure of 29,000 in September. The CME FedWatch Tool showed that traders' expectations for a further rate hike in December fell to 69.1% from 82.7% the previous day. AI Interpretation: This non-farm payroll data is a key indicator for measuring the supply and demand balance in the US labor market. Changes in employment directly determine the marginal adjustment space for the Federal Reserve's monetary policy. The downward revision of market expectations for interest rate hikes reflects investors' deep concerns about an economic slowdown. This data will be decisive evidence in determining whether the US economy will achieve a soft landing or face an increased risk of recession. The actual performance of the job market will directly reshape the market's pricing logic for the Fed's subsequent interest rate path.
[Indosuez Wealth Management: Market Expectations for Fed and ECB Rate Hikes Are Too Aggressive] On November 6th, Indosuez Wealth Management believes that the market is pricing in a more hawkish path for the Federal Reserve and the European Central Bank's interest rates than its baseline scenario. Strategists Lucas Merrick and portfolio manager Alexander Bell expect stable economic growth and a gradual return of inflation to normalcy to limit the room for central banks to tighten monetary policy. They stated that accumulating enough moderate underlying inflation and economic growth data to achieve this scenario will take time, during which time the bond market will remain volatile. The money market currently expects the Fed to raise rates approximately 1.5 times and the ECB to raise rates twice over the next 12 months. (Source: Jinshi)
The US unemployment rate data for October will be released at 21:30 tonight. BNP Paribas, Capital Economics, Danske Bank, High Frequency Economics, Barclays, JPMorgan Chase, Nomura Securities, and UBS Group predict a 4.1% growth rate. ABN AMRO, Morgan Stanley, ANZ, BMO, Berenberg, Bank of America Merrill Lynch, Jefferies Group, Citigroup, Commerzbank, Daiwa Capital, Goldman Sachs, Commonwealth Bank of Australia, HSBC, ING, Sumitomo Mitsui, Deutsche Bank, National Bank of Canada, Pansen Macro, Standard Chartered, Steifel, Spartan Capital, Allied Bank of Ireland, TD Securities, and Wells Fargo all predict 4.2%. Mizuho Securities and Westpac Bank forecast 4.3%, while Reuters expects 4.2%. AI Interpretation: As a core indicator of the non-farm payroll report, the unemployment rate directly determines the Federal Reserve's assessment of the degree of cooling in the labor market. Market divergences in predictions for this indicator reflect the current interplay between economic growth and employment resilience. The final performance of this data will directly revise market pricing in the Fed's monetary policy path. If the data remains within the current range, it will confirm that the labor market is in equilibrium, thus supporting the Fed's decision to maintain current interest rate levels.
