US inflation data came in hotter than expected, with annual CPI at +3.7% and Core CPI at +2.6%, triggering a Bitcoin drop below $83,000. British bank Standard Chartered launched direct Bitcoin and Ether trading for wealthy clients in the UAE, a first for an international bank in this jurisdiction, after deploying custody infrastructure based on the XRP Ledger. Evernorth (XRPN) listed on Nasdaq with a treasury of 473 million XRP valued at approximately $648 million. Liquidations on derivatives venues reached $162.11 million, affecting 61,149 traders, with 65.3% being long positions. Key macroeconomic events this week include the Fed Beige Book on October 14, PPI on October 15, and the Fed policy decision on October 28.
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