The post US Jobless Claims Delay Disrupting Crypto and Financial Markets appeared on BitcoinEthereumNews.com. Key Points: US shutdown delays key economic data release. Financial and crypto markets face uncertainty. Bitcoin remains dominant but shows trading volume decline. The US Initial Jobless Claims report release, expected October 23, faces delay due to government shutdown, disrupting data flow critical for economic analysis. Market uncertainty rises, affecting traders and crypto sentiment as alternative data sources become relied upon for economic insights during the data blackout. Crypto Volatility Rises Amid Economic Data Drought According to CoinMarketCap, Bitcoin currently trades at $110,595.82 with a market cap of $2.21 trillion. Despite short-term fluctuations, it remains a dominant force, holding 59.28% market dominance. In the last 24 hours, its trading volume reached $60.90 billion, although this marks a 30.69% decline. The circulating supply stands at 19,938,781, nearing its maximum of 21 million. Coincu researchers suggest increased market opacity may lead to volatility as traders adjust positions without clear macroeconomic data. Historical trends show that data uncertainties can drive flight to safety behaviors, affecting both traditional and digital asset markets. Market Overview Did you know? Historical trends show that data uncertainties can drive flight to safety behaviors, affecting both traditional and digital asset markets. Bitcoin remains a dominant force in the market, holding 59.28% market dominance. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 18:30 UTC on October 23, 2025. Source: CoinMarketCap Analysts warn that the ongoing uncertainty could lead to increased volatility in both traditional and cryptocurrency markets. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Source: https://coincu.com/markets/us-jobless-claims-delay-crypto-impact/The post US Jobless Claims Delay Disrupting Crypto and Financial Markets appeared on BitcoinEthereumNews.com. Key Points: US shutdown delays key economic data release. Financial and crypto markets face uncertainty. Bitcoin remains dominant but shows trading volume decline. The US Initial Jobless Claims report release, expected October 23, faces delay due to government shutdown, disrupting data flow critical for economic analysis. Market uncertainty rises, affecting traders and crypto sentiment as alternative data sources become relied upon for economic insights during the data blackout. Crypto Volatility Rises Amid Economic Data Drought According to CoinMarketCap, Bitcoin currently trades at $110,595.82 with a market cap of $2.21 trillion. Despite short-term fluctuations, it remains a dominant force, holding 59.28% market dominance. In the last 24 hours, its trading volume reached $60.90 billion, although this marks a 30.69% decline. The circulating supply stands at 19,938,781, nearing its maximum of 21 million. Coincu researchers suggest increased market opacity may lead to volatility as traders adjust positions without clear macroeconomic data. Historical trends show that data uncertainties can drive flight to safety behaviors, affecting both traditional and digital asset markets. Market Overview Did you know? Historical trends show that data uncertainties can drive flight to safety behaviors, affecting both traditional and digital asset markets. Bitcoin remains a dominant force in the market, holding 59.28% market dominance. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 18:30 UTC on October 23, 2025. Source: CoinMarketCap Analysts warn that the ongoing uncertainty could lead to increased volatility in both traditional and cryptocurrency markets. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Source: https://coincu.com/markets/us-jobless-claims-delay-crypto-impact/

US Jobless Claims Delay Disrupting Crypto and Financial Markets

2025/10/24 06:31
Key Points:
  • US shutdown delays key economic data release.
  • Financial and crypto markets face uncertainty.
  • Bitcoin remains dominant but shows trading volume decline.

The US Initial Jobless Claims report release, expected October 23, faces delay due to government shutdown, disrupting data flow critical for economic analysis.

Market uncertainty rises, affecting traders and crypto sentiment as alternative data sources become relied upon for economic insights during the data blackout.

Crypto Volatility Rises Amid Economic Data Drought

According to CoinMarketCap, Bitcoin currently trades at $110,595.82 with a market cap of $2.21 trillion. Despite short-term fluctuations, it remains a dominant force, holding 59.28% market dominance. In the last 24 hours, its trading volume reached $60.90 billion, although this marks a 30.69% decline. The circulating supply stands at 19,938,781, nearing its maximum of 21 million.

Coincu researchers suggest increased market opacity may lead to volatility as traders adjust positions without clear macroeconomic data. Historical trends show that data uncertainties can drive flight to safety behaviors, affecting both traditional and digital asset markets.

Market Overview

Did you know? Historical trends show that data uncertainties can drive flight to safety behaviors, affecting both traditional and digital asset markets.

Bitcoin remains a dominant force in the market, holding 59.28% market dominance.



Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 18:30 UTC on October 23, 2025. Source: CoinMarketCap

Analysts warn that the ongoing uncertainty could lead to increased volatility in both traditional and cryptocurrency markets.

Source: https://coincu.com/markets/us-jobless-claims-delay-crypto-impact/

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Preliminary analysis of the Balancer V2 attack, which resulted in a loss of $120 million.

Preliminary analysis of the Balancer V2 attack, which resulted in a loss of $120 million.

On November 3, the Balancer V2 protocol and its fork projects were attacked on multiple chains, resulting in a serious loss of more than $120 million. BlockSec issued an early warning at the first opportunity [1] and gave a preliminary analysis conclusion [2]. This was a highly complex attack. Our preliminary analysis showed that the root cause was that the attacker manipulated the invariant, thereby distorting the calculation of the price of BPT (Balancer Pool Token) -- that is, the LP token of Balancer Pool -- so that it could profit in a stable pool through a batchSwap operation. Background Information 1. Scaling and Rounding To standardize the decimal places of different tokens, the Balancer contract will: upscale: Upscales the balance and amount to a uniform internal precision before performing the calculation; downscale: Reduces the result to its original precision and performs directional rounding (e.g., inputs are usually rounded up to ensure the pool is not under-filled; output paths are often truncated downwards). Conclusion: Within the same transaction, the asymmetrical rounding direction used in different stages can lead to a systematic slight deviation when executed repeatedly in very small steps. 2. Prices of D and BPT The Balancer V2 protocol’s Composable Stable Pool[3] and the fork protocol were affected by this attack. Stable Pool is used for assets that are expected to maintain a close 1:1 exchange ratio (or be exchanged at a known exchange rate), allowing large exchanges without causing significant price shocks, thereby greatly improving the efficiency of capital utilization between similar or related assets. The pool uses the Stable Math (a Curve-based StableSwap model), where the invariant D represents the pool's "virtual total value". The approximate price of BPT (Pool's LP Token) is: The formula above shows that if D is made smaller on paper (even if no funds are actually withdrawn), the price of BPT will be cheaper. BTP represents the pool share and is used to calculate how many pool reserves can be obtained when withdrawing liquidity. Therefore, if an attacker can obtain more BPT, they can profit when withdrawing liquidity. Attack Analysis Taking an attack transaction on Arbitrum as an example, the batchSwap operation can be divided into three stages: Phase 1: The attacker redeems BPT for the underlying asset to precisely adjust the balance of one of the tokens (cbETH) to a critical point (amount = 9) for rounding. This step sets the stage for the precision loss in the next phase. Phase Two: The attacker uses a carefully crafted quantity (= 8) to swap between another underlying asset (wstETH) and cbETH. Due to rounding down when scaling the token quantity, the calculated Δx is slightly smaller (from 8.918 to 8), causing Δy to be underestimated and the invariant D (derived from Curve's StableSwap model) to be smaller. Since BPT price = D / totalSupply, the BPT price is artificially suppressed. Phase 3: The attackers reverse-swap the underlying assets back to BPT, restoring the balance within the pool while profiting from the depressed price of BPT—acquiring more BPT tokens. Finally, the attacker used another profitable transaction to withdraw liquidity, thereby using the extra BPT to acquire other underlying assets (cbETH and wstETH) in the Pool and thus profit. Attacking the transaction: https://app.blocksec.com/explorer/tx/arbitrum/0x7da32ebc615d0f29a24cacf9d18254bea3a2c730084c690ee40238b1d8b55773 Profitable trades: https://app.blocksec.com/explorer/tx/arbitrum/0x4e5be713d986bcf4afb2ba7362525622acf9c95310bd77cd5911e7ef12d871a9 Reference: [1]https://x.com/Phalcon_xyz/status/1985262010347696312 [2]https://x.com/Phalcon_xyz/status/1985302779263643915 [3]https://docs-v2.balancer.fi/concepts/pools/composable-stable.html
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PANews2025/11/04 14:00