⚠️BREAKING:

*NY FED EMPIRE STATE NOVEMBER MANUFACTURING INDEX RISES TO +9.1.; EST. -2.8; PREV. -4.6

*HIGHEST SINCE APRIL 2023

⚠️BREAKING:

*U.S RETAIL SALES -0.1% M/M, EXP. -0.3%
*U.S. RETAIL SALES CORE +0.1% M/M, EXP. -0.2%

*U.S PPI -0.5% M/M, EXP. +0.1%
*U.S. PPI CORE 0.0% M/M, EXP. +0.3%

*U.S PPI 1.3% Y/Y, EXP. 1.9%
*U.S. PPI CORE 2.4% Y/Y, EXP. 2.7%

🇺🇸🇺🇸

⚠️SUMMARY OF US OCTOBER RETAIL SALES REPORT:

1. U.S. retail sales fell 0.1% on the month, better than expectations for a decline of 0.3%.

2. September retail sales were upwardly revised to a 0.9% increase from a previously reported 0.7% rise.

3. After stripping out the auto and gas categories, core retail sales rose 0.1%, compared to expectations for -0.2% drop.

4. Core retail sales for September were upwardly revised to 0.8% from 0.6%.

Key Takeaway: American shoppers finally show signs of stress.

Overall, combined with the cool CPI + PPI inflation reports, the data supports the view that the Fed is all done raising rates?😚

$NEAR is doing everything right to get masses onchain.

Kai-Ching became the leading Dapp with over 1.42 million weekly active users.

Sweat economy is also maintaining 575,000 weekly active users.

Accumulate on any deeper retraces in orange

HODL in light blue

Re-Accumulate in red

Enjoy green

$BTC #Crypto #Bitcoin

Altcoin volumes are up 📈

The market share of altcoin + ETH spot volume relative to BTC has risen to 60%, its highest level in more than a year.

This chart best captures the latest rally and the long way we still have to go 💨

#SOL is up 150% since Oct 1st, but still down 77% from ATH.

📉ETH/BTC has trended downwards ever since the Merge.

However, ETH sentiment finally shifted last week after BlackRock filed for a spot ETH ETF, causing the ratio to reverse.

➡️ Bitcoin retesting 35K levels.

➡️ Bitcoin dominance is below 52% again.

➡️ Altcoins are comparatively holding price, expect a bounce in alts if #BTC ranges here

➡️ Keep eyes on $MATIC, $TIA, $ORDI

$BTC funding rate has cooled off significantly already after today's down move

If we get another flush lower that sends funding into the negatives temporarily that'd be a solid sign of a local bottom, along with a reclaiming of future swept lows

What does it cost to operate a blockchain?💲

> Pay validators to secure the network
> Other operational expenses like salaries
> Ecosystem funding and general growth

Below is a table of some of the larger L1/L2 chains and their respective fees and expenses (token emission).

While these metrics can improve over time as inflation decreases, it's clear Ethereum is the leader in terms of income relative to costs.

In short, Ethereum generates $2.07 in fees for every $1 of ETH inflated.

Only other chain with positive cash flow currently is Tron.

How does this table make you feel?

Source
@tokenterminal

#BitMart will list Gas (GAS) on our digital assets platform on Nov 16, 2023 🤩

💰Trading pair: $GAS/USDT
💎Deposit: Estimate 11/17/2023
💎Trading: 11/16/2023 07:00 UT
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#Gateio #GiveawayAlert #CryptoLoan

📢 New Listing

$ATOR Gets Listed on #KuCoin!

💎Pair: ATOR/USDT
💎Deposit: now open (network: ERC20)
💎Trading: 10:00 AM on November 16, 2023 (UTC)
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