Yesterday’s Biggest Headlines

Crypto Market Watch

1. Bitcoin fell below $80,000 on Thursday for the first time in over a month before bouncing back toward $82,000 as nearly $1 billion in leveraged crypto positions were liquidated. Decrypt reported about $948.22 million in liquidations across 177,440 traders, with longs making up roughly 90.6% of the wipeout, ethereum leading at about $282 million, and bitcoin itself accounting for a little over $200 million after Wednesday’s hot CPI and Thursday’s hotter PPI.

2. MSCI said it will adopt new index rules that could exclude Strategy and other crypto-treasury firms from its indexes beginning with the November review. The Block reported the methodology will screen non-operating companies through operating-asset and financial-ratio tests, replacing the interim 50% digital-asset threshold, with a final affected-company list due Nov. 11 after Michael Saylor called an earlier version of the plan discriminatory.

3. Ledger launched Atom, an Android-based security device with Solana Mobile’s Seeker app, AI-agent approvals, and new anti-tamper protections, with shipping planned for summer 2027. Gizmodo reported a Founders Edition priced at $849 and a regular price of $899 after launch, a privacy switch that cuts power to the camera and microphone, and tamper features pitched against a supply-chain implant investigation linked by on-chain researchers to more than $100 million in suspected losses.

4. Uniform Labs said Multiliquid closed a seed round that lifts total funding for the tokenized-asset settlement platform to $8 million. GlobeNewswire reported Polychain led the round with Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures participating, as the protocol targets atomic swaps between blue-chip tokenized funds and stablecoins including USDC.

Equity Market Moves

5. U.S. producer prices jumped much hotter than expected on Thursday, keeping the post-CPI rate scare in the tape. BLS said the Producer Price Index for final demand rose 1.3% in September, the largest monthly advance since March 2022, and climbed 6.3% over the prior 12 months, the largest annual gain since December 2022.

6. U.S. stocks closed higher on Thursday after an early dip as falling Treasury yields offset another soft stretch in AI-linked names. Babypips reported the S&P 500 gained 0.3%, bitcoin added about 0.8%, oil jumped about 2.2% toward $98, the dollar index fell 0.5% to near 102.0, and the 10-year Treasury yield eased to near 5.1% even after the hot PPI print.

Commodities Watch

7. Gold and silver rebounded sharply on Thursday as bond yields tumbled and the dollar softened despite the hot PPI. Kitco reported spot gold near $4,168.70, up $64.20 or 1.56%, and silver near $57.310, up $1.800 or 3.24%, while the Dow gained about 1.1% and the Nasdaq finished about 0.1% higher after reversing a deeper intraday loss.

8. U.S. crude oil settled near $98 a barrel on Thursday as traders weighed fresh Hormuz shipping attacks and a large domestic inventory draw. CNBC reported November WTI up about 3%, or $2.88, to $97.97 a barrel, Brent down 14 cents to $105.92, and an EIA-reported crude draw of 8 million barrels for the week ended Oct. 9.

Today’s Watchlist

• Whether bitcoin can hold the low-$82,000s after Thursday’s first sub-$80,000 print and the nearly $1 billion liquidation flush

• Follow-through from MSCI’s crypto-treasury index screens into the Nov. 11 affected-company list, and whether Ledger Atom reservations or Multiliquid’s $8 million raise keep crypto plumbing in the tape

• Digestion of the 1.3%/6.3% PPI surprise into Friday’s Fed Chair Warsh remarks and remaining inflation prints

• Whether the Dow/S&P rebound can broaden if AI-credit jitters stay contained

• Whether gold can push back through $4,170 and whether WTI holds the high-$97s if Hormuz headlines persist

edgeX Market Lens

Thursday was a second-day inflation shock that flushed leveraged crypto, then handed the bounce to falling yields. Hotter September PPI kept October Fed-hike odds elevated, knocked bitcoin through $80,000, and forced nearly $1 billion in liquidations before spot reclaimed the low-$82,000s as the S&P turned positive and the 10-year yield eased toward 5.1%. Against that tape, MSCI’s finalized crypto-treasury index screens, Ledger’s Atom hardware launch, and Multiliquid’s $8 million tokenized-settlement raise were the crypto-policy and plumbing signals that mattered — benchmark-access risk on one side, self-custody and RWA liquidity rails on the other.

The near-term cross-asset question is whether spot crypto demand can defend the post-flush rebound while yields digest back-to-back CPI and PPI surprises and oil keeps feeding the energy-inflation loop. If bitcoin holds the low-$82,000s, MSCI exclusion risk stays contained into November, and Friday’s Warsh remarks do not re-arm the hike scare, risk assets get a cleaner handoff. If another liquidation wave breaks $80,000 again, AI-credit stress returns to the Nasdaq, or crude extends through $100 on Hormuz headlines, even busy hardware and tokenization commentary will trade second to rates and energy.

For active traders, access matters when BTC loses round numbers, inflation reprints reprice Fed odds, index-methodology risk hits crypto treasuries, and oil geopolitics move outside regular cash hours. edgeX gives traders self-custodial access to crypto, Bitcoin, tokenized stock, and RWA perpetual markets around the clock.