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More →The most recent funding rate for the ETH perpetual contract is 0.000631%.
Bjie.com data: The most recent funding rate for the ETHUSDT perpetual contract is 0.000631%, with longs paying shorts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0125 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.0094 percentage points.
The most recent funding rate for BTC perpetual contracts is 0.00042%.
CoinWorld data: The most recent funding rate for the BTCUSDT perpetual contract is 0.00042%, with longs paying shorts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0041 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.0077 percentage points.
Bitcoin eyes $85,000 recovery ahead of US CPI and PPI inflation reports
Bitcoin (BTC) faces a test from U.S. CPI and PPI inflation reports before approaching its $85,000 recovery target. Traders will assess consumer and producer prices to make decisions ahead of the Federal Reserve's policy meeting on October 27-28. Bitcoin recently traded near $83,000, with CoinMarketCap showing its price at $82,912.23 on October 10, below the $85,000 threshold. The upcoming inflation data could affect Treasury yields, interest rate expectations, and demand for risk assets. The U.S. Bureau of Labor Statistics will release the September Consumer Price Index on October 14, with the market expecting annual inflation to reach about 3.7%. In addition, the Producer Price Index will be released on October 15, providing another indication of business cost pressures. Bitcoin's recovery path remains the focus of market attention.
Coinbase CEO: Optimizing the Qwen3.5-9B model to enhance fraud prevention capabilities.
According to Cointelegraph, Coinbase CEO Brian Armstrong said the exchange fine-tuned the open-weight Qwen3.5-9B model on internal data, enabling it to surpass frontier models in fraud prevention at only a fraction of the cost.
Formosa Plastics is expanding into semiconductors, planning to increase its U.S. manufacturing footprint, and leveraging Texas's geographic advantages to support customers' capacity expansion.
According to news from Bijie, Formosa Plastics is making inroads into semiconductors and plans to expand its U.S. manufacturing, leveraging Texas's geographical advantages to support customers' capacity expansion. According to Taiwan Economic Daily, sources say the global wafer foundry leader intends to set up a second U.S. campus in Texas. In response, Formosa Plastics Chairman Kuo Wen-pi revealed that Formosa Plastics has geographical advantages in Texas and is evaluating a plan to expand U.S. manufacturing of electronic chemicals, actively supporting customers' capacity expansion. Kuo Wen-pi emphasized that the relevant investment still depends on customers' plant construction plans, and specific plans will only be further formulated after the plant location and demand are clarified. Kuo Wen-pi pointed out that Formosa Plastics already has a complete petrochemical production base in Texas. If the major wafer manufacturer chooses to build a plant there, Formosa Plastics can rely on its existing production base and raw material supply advantages to shorten chemical transportation distances and reduce logistics costs.
As global chip stocks rebound, South Korea's memory duo underperforms Micron Technology.
Amid a global chip stock rebound, South Korea's memory duo underperforms Micron Technology. Since late August, although major global chip stocks have rebounded, Samsung Electronics and SK Hynix have gained less than 1%, with South Korea's two leading semiconductor companies underperforming the global chip sector recovery. During this period, foreign investors net sold a combined 22 trillion won worth of shares in the two companies. Data from the Korea Exchange on the 11th showed that between August 31 and October 8, Samsung Electronics shares rose 0.77%, while SK Hynix rose 0.43%. Over the same period, Micron Technology surged 11.90%; TSMC's American depositary receipts rose 12.55%; Nvidia rose 6.89%, and Kioxia rose 5.05%, all outperforming Samsung and SK Hynix. Large-scale foreign selling is seen as the core reason weighing on these two South Korean stocks.
CITIC Securities: Scale-up optical replacement of copper has become an irreversible trend; NPO/CPO drives a revaluation of passive components.
CITIC Securities: Scale-up optical interconnect replacing copper is becoming an inevitable trend; NPO/CPO drives a value reassessment of passive components. According to a CITIC Securities research report, copper interconnect is approaching its physical limits, and the shift from copper to optics in Scale-up is becoming an inevitable trend, with NPO/CPO driving a value reassessment of passive components. In terms of usage, FAUs form a rigid 1:1 pairing with optical engines, and their usage scales up with the pure incremental growth of Scale-up; in terms of price, the quadruple premium of high channel count, process, optical fiber, and pluggability is driving up FAU prices in NPO/CPO. Domestic passive component manufacturers are binding with leading overseas customers through contract manufacturing/cooperation, and the core barrier for FAUs lies in high-precision manufacturing and large-scale delivery.
CITIC Securities: In the fourth quarter of 2026, the valuation and profits of oil tanker leaders are expected to hit historic highs.
Bitnews: CITIC Securities: In the fourth quarter of 2026, the valuation and profits of tanker leaders are expected to hit historic highs. A CITIC Securities research report states that oil exports through the Strait of Hormuz have recovered to pre-war levels. The substantial growth in cargo volumes and the limited list of available vessels have driven VLCC freight rates to continue rising, and this has begun to spill over to Suezmax. Saudi Arabia's expanded discounts continue to stimulate cargo volumes, with STS transfers currently the main delivery method. Non-traditional loading and unloading operations, combined with shuttle tanker capacity constraints, continue to erode effective VLCC capacity, making it impossible to match growing cargo volumes. As the frequency of ship attacks has recently increased, damaged vessels are difficult to repair, further damaging effective VLCC capacity, and VLCC freight rates may rise further. Cracking spreads are expected to remain high, refinery purchasing willingness is still ample, energy supply is gradually shifting toward stability first, and seasonal rigid demand combined with voyage distance growth brought by changes in trade flows is expected to bring a turning point for refined product transportation. In the fourth quarter of 2026, the valuation and profits of tanker leaders are expected to hit historic highs.
10xResearch: Bitcoin trend remains intact, but capital outflows
According to a report from 10xResearch cited by Bijie Network, Bitcoin's current trend remains above its May high, and the Federal Reserve has largely ruled out the possibility of a rate hike in October, which on the surface appears to be good news. However, stablecoin supply is shrinking, capital is flowing out of ETFs, and the fees option traders are paying for downside protection have reached their highest level since the August rebound. Ethereum's situation is even worse, with its ETFs seeing nine consecutive days of outflows, and its sentiment index dropping from 78% to 32% within a week. The report also analyzes capital flows and options positioning over the next two weeks, the key levels to watch, and how to position accordingly. The weekly Sunday/Monday kickoff meeting will cover this week's market structure, capital flows, and the data behind positioning, as well as the macroeconomic backdrop and technical levels that could change the situation.
Oil prices pulled back, S&P 500 stock index futures rose 0.2%, and Nasdaq stock index futures climbed 0.5%.
Crypto news: Oil prices pulled back, S&P 500 stock index futures rose 0.2%, and Nasdaq stock index futures climbed 0.5%.