The U.S. Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) report for October on Nov. 10.

Core CPI, excluding food and energy, rose 0.3% from a month earlier. Overall prices climbed 0.4%.

The inflation index, which reveals the rise or fall in the prices of goods and services, also informs the policy of the Federal Reserve to adjust interest rates.

If inflation is under control, the central bank could hold the rates within the 3.75%–4% range. But an acceleration in inflation could increase the likelihood of another rate hike, depending on broader economic conditions.

While higher interest rates make financial instruments like the U.S. Treasury bonds more attractive to investors by offering relatively higher yields, lower interest rates can increase liquidity in financial markets and encourage investors to seek higher returns through riskier assets, including cryptocurrencies.

Mysterious trader buys $9 million in Ether

Ahead of the Nov. 10 inflation report release, a mysterious trader purchased Ether (ETH) worth $9.08 million at an average price of $2,106.

As per the onchain analytics platform Lookonchain, the trader made the ETH purchase across two wallets on Nov. 9.

Though crypto wallet addresses are public, the traders behind them remain anonymous figures and stay unknown.

That is why such a crypto trader is also called a "mysterious trader" because their identity remains hidden. Mysterious traders tend to make big bets ahead of major announcements, such as economic data releases, the Federal Reserve's announcements, trade deal announcements, etc.

The crypto trader spent over $9 million to buy Ether in the hope that the cryptocurrency's price will recover and ultimately surge.

Ether, which has lost 15% of its value in the last month, was trading around $2,120 at the time of writing as per Decibel.

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This story was originally published by TheStreet on Nov 10, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.