Binance Market Update | Hot CPI Triggers Treasury Selloff as Waller Backs December Hike. CoreWeave Lifts AI Stocks, Bitcoin Holds $74,000

Hotter-than-expected October CPI (+0.4% headline, core above forecast) set off a Treasury selloff Tuesday, with markets pricing 28bp of tightening for December per LSEG after the release. Waller backed a 25bp hike but said much higher inflation could require more, and WSJ’s Nick Timiraos called a December hike “virtually a certainty,” with 86% priced for 25bp and 14% for 50bp. CoreWeave jumped 10% pre-market after Q3 revenue grew 168%, sending Nasdaq 100 futures up about 2%, while Bitcoin held near $74,000 as spot ETFs lost $95M and November outflows reached about $1.6B. Anthropic’s bankers are weighing a valuation of $1.5T or more.CoreWeave Jumps 10% on 168% Revenue Growth, Lifting AI Stocks as Bitcoin Holds Near $74,000CoreWeave shares rose 10% pre-market Wednesday after Q3 revenue grew 168% year over year and it raised its 2026 revenue forecast to $13B-$13.3B. Its net loss widened to $709M ($1.27 a share) on higher interest costs, smaller than the $1.53 analysts expected. IREN rose 6%, Galaxy Digital 5%, Cipher 7%, and Nasdaq 100 futures more than 1.5%. Bitcoin was little changed near $74,000 and gold near $4,000, while the Dollar Index stayed above 102. Anthropic’s bankers are considering a valuation of $1.5T or more, per the Financial Times, above the roughly $1.4T fully diluted target; the filed range is $70-$78, and Google, Nvidia and Microsoft are set to invest $26B in a private placement at the IPO price.December Fed Hike “Virtually a Certainty,” WSJ’s Timiraos Says, as Focus Shifts to 25 vs 50 Basis PointsAfter a third straight strong inflation report, Timiraos wrote a hike at the December 8-9 meeting is “virtually a certainty”; the question is pace. The Fed could do 25bp per meeting, 50bp at once, or signal several 25bp hikes, which would show whether this is a mild adjustment or a longer effort to bring down inflation. Waller said a 50bp hike should be considered if core rose about 0.3%, which October’s data showed, and Logan suggested the pace may need to speed up. Such tactical choices are often left to the Chair, Kevin Warsh. Markets price 86% for 25bp and 14% for 50bp.Bitcoin ETFs Lose $1.6 Billion in November as Stock ETF Investors Buy the DipUS spot bitcoin ETFs have lost about $1.6B since the start of November per SoSoValue, while US-listed ETFs took in about $12B a day over five sessions and all 17 top inflow funds were stock funds, per Bloomberg’s Eric Balchunas. Daily outflows have shrunk: $430M (Nov 5), $412M (Nov 6), $201M (Nov 9), $95M (Nov 10). IBIT’s eight-session streak totals about $1.73B, more than the November total because it began in late October and other funds took in money; MSBT drew $20M Tuesday. CryptoQuant’s Bull Score fell to 20 from 90 on October 13, and apparent demand shrank by 284,000 BTC over 30 days, the fastest since March 2025. CryptoQuant sees $73,200 as key support, near the 200-day average. Bitcoin traded at $73,998, down 5.2% over seven days.Nasdaq Futures Rise 2% as Chip, Memory and Optical Stocks Rally; Lumentum and Coherent Up 9%Nasdaq futures rose 2% pre-market, S&P 500 futures 0.9% and Dow futures 0.19%, after CoreWeave’s results. Optical names led: AXT +10.15%, Lumentum +9.47%, Coherent +9.40%, Marvell +8.09%, Applied Optoelectronics +8.03%, Ciena +7.27%, Fabrinet +5.56%. Memory and chips followed: Seagate +8.64%, SanDisk +8.59%, Western Digital +7.29%, AMD +7.29%, Micron +6.88%, Intel +6.73%, Nvidia +4.09%. Crypto stocks edged higher: SharpLink +1.88%, Strategy +1.13%, Circle +1.12%, BitMine +0.64%.Hotter-Than-Expected Inflation Triggers Treasury Selloff as Veterans Day Pauses TradingHawkish Fed remarks and above-forecast inflation fueled a sharp Treasury selloff Tuesday, per Sina Finance; US bond trading paused Wednesday for Veterans Day. October CPI rose 0.4% month over month against 0.3% expected, and core also beat, pushing yields higher. Fed Governor Christopher Waller said in London that he supported a 25bp hike in December, but significantly higher inflation could require stronger action. BondBloxx’s JoAnne Bianco said markets fully priced at least 25bp and were beginning to assign some probability to 50bp; BondBloxx’s base case stays 25bp, and she said the path of policy matters more than the size of the next hike, with rates possibly needing to stay restrictive longer. LSEG data showed 28bp of tightening priced for December after the release. Macquarie kept its forecast of 25bp in December and another in March; chief economist David Doyle said stronger core inflation tilted the timing risk further toward January.