Adam Back's FUTURE raises $35 million to purchase Bitcoin

U.S. service sector activity accelerated in October, with robust growth in new orders, but employment remained weak. Data from the Institute for Supply Management (ISM) showed that the Non-Manufacturing PMI rose to 52.4 in October from 50.0 in September, indicating solid economic performance at the start of the fourth quarter. However, the service sector employment index increased slightly from 47.2 in September to 48.2, remaining below the expansion-contraction line for five consecutive months. Weak export orders were consistent with manufacturing survey results, reflecting the ongoing impact of trade tensions on the economy. The rebound in orders drove up input costs for service businesses, but the pace of increase was moderate, aligning with the trend of cooling inflation in the service sector.

Binance SOL/USDT is currently trading at $160.01, with a 5-minute increase of 0.59%. Please be aware of market fluctuations.

[WLFI Acquires 10.84 Million Meme Coin 1 as Strategic Reserve] On November 5, WLFI officially announced the acquisition of 10.84 million Solana ecosystem Meme Coin 1 as a strategic reserve, aiming to strengthen WLFI's position as the leading USD1 community on Solana. WLFI stated that this move is part of promoting the adoption of USD1 on Solana and is actively collaborating with official partners bonk.fun and Raydium to rebuild the ecosystem.

Binance - H is currently priced at $0.3108, with a 27.8% increase over 24 hours. 24-hour transaction volume of 1.5 billion US dollars, an increase of 461.77%, for reference only

[Citibank: Slowdown in Bitcoin ETF Inflows Drags Down Crypto Market Performance] Citibank analysis indicates that despite strong stock market performance, the cryptocurrency market has remained weak recently, with October's liquidation wave significantly impacting investor confidence. The October 10 sell-off event led to a decline in risk appetite among leveraged traders and new spot Bitcoin ETF investors, with the latter reducing their capital inflows. The slowdown in spot Bitcoin ETF inflows has weakened a key support factor for market optimism. On-chain data shows a decrease in the number of large Bitcoin holders, an increase in small retail wallets, and a drop in funding rates, suggesting that long-term investors may be selling off and leveraged demand is diminishing. Additionally, Bitcoin falling below the 200-day moving average has further suppressed market demand. Citibank believes that spot ETF capital flows are an important indicator of sentiment in the crypto market and also points out that tightening bank liquidity could exacerbate market weakness.