Good Morning Lions,
Inflation ran hot in October, hours after Waller opened the door to a bigger December hike. BUT his trigger was a hot CORE reading... and the coverage so far skips the core figure. I believe that gap matters more for BTC than the headline does. If you're running leverage, the missing number is your real risk. So, I expect choppy days until it surfaces.
US Consumer Prices Rise 0.4% in October
TL;DR: US consumer prices rose 0.4% in October, above the 0.3% forecast. The report landed hours after Fed Governor Christopher Waller said another hot core reading could justify weighing a half-point rate hike in December.
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Spot Bitcoin ETFs Lose $1.6 Billion in November
TL;DR: US spot Bitcoin ETFs have recorded roughly $1.6 billion in net outflows since November began, according to SoSoValue data. Over the past five sessions, stock funds took all 17 of the top US ETF inflow slots.
Initia Loses $3.27 Million in Second Exploit
TL;DR: Layer-1 network Initia confirmed its second exploit in under three weeks, saying an attacker used compromised cloud credentials to take about $3.27 million. Roughly $2.16 million is frozen on the halted Initia chain, per the project.
MSCI Rules on Strategy and Metaplanet Index Spots
TL;DR: MSCI was scheduled to publish its final November 2026 review list on November 11. The list decides whether Strategy and Metaplanet keep their places in MSCI's global indexes after both companies were flagged for deletion.
Poland's Sejm Passes Crypto Freeze Sanctions Bill
TL;DR: Poland's lower house voted 240-202 to pass a bill that broadens the national sanctions framework. The bill adds MiCA-defined crypto assets to the funds authorities can freeze and now goes to the Senate.
The Fed's December decision settles this one. Either Waller gets the bigger hike he floated or the committee sticks with a smaller step, and until that call lands, every core inflation number counts double. Stay sharp, Lions 🫡 — Khal
More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.
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