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Bitcoin trading volumes on the Binance crypto exchange dropped by 48 percent in September. This is the second largest drop in the indicator since April. According to analysts, the reason for this was the abolition of zero commissions for the largest trading pairs with BTC.

The situation is unpleasant in any case.
The third quarter of 2023 (orange) turned out to be worse for Bitcoin and Ethereum compared to the second. The opposite situation is typical for tokens from the field of decentralized finance, which showed growth the day before.

But representatives of first- and second-level networks, along with tokens of decentralized exchanges, have been falling over the past two quarters, although the third was still more successful for them.
Paper losses of American banks on bonds amount to $400 billion 👆

The S&P 500 continues to grow after Fed representatives announced plans to leave the rate unchanged (at the meeting on November 1).

Given the potential losses banks are facing, the regulator needs to either print dollars to provide liquidity, or stop raising rates and give them a chance to wait until the bonds mature.

Also adding positivity to the markets is the US inflation forecast for September of 3.6% (in August it was 3.7%), that is, analysts expect a cooling in price growth.

We will find out the exact inflation data on October 12, and the reporting season will begin the next day - with top banks JPMorgan, Wells Fargo and Citigroup 🧐
With current US government spending, the national debt to GDP ratio will reach 200% by 2050 👀

The current value is 129% and this is already more than after WWII...
At night, Bitcoin rose above $35k, showing an increase of 18%. Now the price is looking for a sure pullback, and the bears are shedding bitter tears due to liquidations of $297 million 🥹

At first, the price was driven up by the news that the court had made a final decision on the need for the SEC to reconsider the application for a spot Bitcoin ETF from Grayscale. Please note that considering and accepting again are two different things 🧐

When this seemed not enough, the story began to spread about BlackRock receiving a ticker symbol for its ETF - IBTC, as well as rumors about the possibility of early fundraising for the fund. It was presented as if the ETF had already been approved and BlackRock was already purchasing BTC into it. In fact, this data does not mean anything like that and is just speculation, but was taken from an updated application for ETFs, which was corrected at the end of last week, but was carefully read only last night 😇

Intrigue of the week: will they now shave longs 😜

🔹 Top 3 in 24 hours:
Mina - $0.6181 (↑50.57%)
Pepe - $0.000000953 (↑26.32%)
Conflux - $0.1323 (↑19.39%)
Meanwhile, two-thirds of all bitcoins in circulation have not moved in at least a year. Moreover, judging by the graph, experienced investors did not drain their coins, including at the end of 2022, when the crypto industry suffered due to the collapse of FTX and the collapse of the market as a whole.
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And Structure Finance has released new product – Double-No-Touch (DNT)!
DNT DeFi product pays you double in BUSD when the price of BTC stays within a specified range over a 5-minute period.
Try DNT on desktop/mobile: https://structure.finance/dnt/
Poloniex losses due to yesterday's hack exceeded $124 million 😱

Poloniex team froze some of the assets associated with the hacker's addresses. They called the damage caused non-critical and promised to compensate users for their losses.

Justin Sun offered the hacker a 5% reward for the return of stolen funds. If he doesn't return them within 7 days, law enforcement agencies will be involved.
Yesterday, the average transaction fee in the Bitcoin network amounted to the equivalent of $8.6. As you can see from the graph, now the level of commissions in BTC is in the zone of its maximum for six months.
This week saw the largest outflow of USDT stablecoin from the Binance crypto exchange in the last three months. The indicator exceeded the mark of 104 million dollars per day.
The Bitcoin Investors' Fear and Greed Index has once again exceeded the 70-point level. Today's result is 72 points out of 100, which indicates a relatively good situation for capital holders.

Pay attention to the graph of the index for three months. Its growth over the last thirty days is more than obvious.
The market capitalization of the industry's largest stablecoin, USDT, has surpassed $90 billion for the first time. This indicates serious demand for the token along with the desire of investors to transfer their fiat currencies into digital assets.

Well, Tether is a giant, you can’t argue with that.