Nasdaq 100 leads US indexes lower on hot CPI and Nvidia

About a sixth of Monday's rebound is gone from all three US stock indexes after a hot October Consumer Price Index (CPI) and talk of a half-point Fed hike. The Nasdaq 100 gave back about half of Monday's gain, hitting a session low just above 27,400, and is now back near 27,750.

Fed’s Bowman warns CPI signals persistent US inflation pressures

Federal Reserve (Fed) Governor Michelle Bowman said that “bringing inflation down remains a priority,” and that “CPI data suggests inflation pressures may persist.”

ECB’s Lane warns underlying inflation may rise as energy prices fall

The European Central Bank (ECB) Chief Economist Philip Lane said that “it would be a surprise if there are no second-round effects,” and that if energy prices edge lower, “headline inflation could fall while underlying inflation rises,” he said at the Bank of England and its Watchers Conference.

Skydance stock slides 7% despite Q3 earnings beat

Skydance Corp (SKYD) trades near $8.06 in the American session on Tuesday, down 7.4% at the time of writing, according to TradingView data. The stock opened at $8.41 and fell to a low of $7.75, wiping out most of Monday's 8.6% gain to $8.70, before results landed after the close.

Fed’s Schmid warns inflation goes beyond energy as policy stays loose

Kansas City Federal Reserve (Fed) President Jeffrey Schmid said that “inflation is top of mind,” adding that current monetary policy is “fairly accommodative,” in hawkish comments delivered at a Conference in Houston, TX, hosted on Tuesday by the Dallas Fed and the Kansas City Fed.

OCC grants Coinbase full national trust company charter

The OCC granted Coinbase a full national trust bank charter, moving its institutional custody business under direct federal supervision with a three-year migration plan.

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Nigeria tells stablecoin issuers: get licensed or leave

Nigeria's central bank has issued a licensing framework for stablecoin issuers: capital minimums, full reserve backing and a window for existing operators.

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CFTC gives exchanges 30 days to end geographic access restrictions

The CFTC has ordered designated contract markets to end domestic geographic access restrictions within 30 days under its Impartial Access Requirements interpretation, or explain why they cannot comply.

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Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated

Bitcoin fell below $76,000 to a seven-week low as over $1.1 billion in long positions were liquidated and spot Bitcoin ETFs bled outflows.

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Hyperliquid Strategies files with CFTC to become a futures commission merchant

Hyperliquid Strategies has filed with the CFTC to register as a futures commission merchant, aiming to carry US client accounts for Hyperliquid's HIP-3 permissioned markets.

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