If Bitcoin breaks $93,000, mainstream CEX cumulative short liquidation pressure will reach $439 million

Jan. 13 (Reuters) - Traders boosted bets on Tuesday that the Federal Reserve may cut interest rates before Chair Jerome Powell’s term ends in May, after the U.S. Bureau of Labor Statistics reported core consumer prices rose less than expected. While a June rate cut remains the most likely outcome, the probability of a Fed rate cut in April jumped to about 42% from 38% prior to the data release, based on latest market pricing.

January 13: Polygon Labs announced it has completed the acquisition of two crypto startups—Coinme and Sequence—with a total transaction value exceeding $250 million. The company did not disclose individual amounts for each deal or specify if payment was made in cash, stock, or a mix. Polygon Labs CEO Marc Boiron and Polygon Foundation founder Sandeep Nailwal noted the acquisition is a key part of Polygon’s stablecoin and payment strategy, aimed at boosting its presence in the payment infrastructure space. Seattle-based Coinme specializes in cash-to-crypto exchange services, runs a U.S. cryptocurrency ATM network, and holds multiple state-level money transmitter licenses. New York-based Sequence offers blockchain infrastructure services, including crypto wallets and other tools. Nailwal bluntly stated the move positions Polygon Labs to directly compete with Stripe. Over the past year, Stripe has acquired stablecoin startups and crypto wallet firms, launched its own blockchain f

**U.S. Stock Futures Pare Gains Post-December CPI; Dow +0.14%, S&P 500 +0.2%, Nasdaq +0.23%** On January 13, U.S. stock index futures rose initially before paring gains following the release of December’s consumer price index (CPI) data. Latest trading shows: Dow futures up 0.14%, S&P 500 futures +0.2%, Nasdaq futures +0.23%. **Short-Term Rate Futures Surge; Traders Ramp Up Fed Rate Cut Bets** U.S. short-term interest rate futures jumped sharply after the CPI print, with traders increasing bets on Federal Reserve interest rate cuts. (Kryptonian)

January 13: The U.S. Dollar Index (DXY) briefly dipped 20 points and is currently trading at 98.89. Non-U.S. currencies posted collective gains: EUR/USD notched short-term gains of over 20 points, GBP/USD rose 30 points in the short term, and USD/JPY fell approximately 30 points. (Source: FXStreet)

On January 13, the U.S. December seasonally adjusted CPI posted an annual rate of 2.7%—unchanged from November and in line with market expectations—while the crypto market saw a short-term uptick. Bitcoin briefly topped $92,500, posting a 24-hour gain of 2.01%.

Jan 13: US Dec Non-Seasonally Adjusted (NSA) Core CPI YoY = 2.6% | Expected 2.7% | Prior 2.6% (per GAN Data APP)