Quick Recap of Global and Crypto Market Trends in 1 Minute 05.09.2023

You can read the summary of markets report in 1 minute, which we have compiled daily important news about crypto money markets, global market news and domestic markets.

Cryptocurrencies

  • The DYDX community voted on the transition from dYdX to version 4, the DYDX Layer 1 token for the newly planned blockchain. The community voted to support this transition 100 percent.
  • South Korea aims to track and freeze cryptocurrencies used by North Korea. South Korea is preparing to introduce a new draft law for this.
  • It was stated that a wallet belonging to the bankrupt cryptocurrency exchange FTX transferred $10 million worth of crypto money from the Solana network to Ethereum.
  • There was a withdrawal on crypto gambling site Stake that Cyvers Alerts called a suspicious transaction. $16 million was withdrawn to an account that was not traded on the platform before. Etherscan appointed the person who made this transaction as “Stake.com Hacker”.
  • There has been a record increase in the number of wallets in the Shibarium network on the Layer-2 blockchain, which Shiba Inu launched a while ago. More than 1 million wallets have already been reached.
  • The Australian Senate has rejected a bill aimed at regulating cryptocurrency exchanges.
  • After the MakerDAO founder praised Solana, Vitalik Buterin’s sale of MKR caused the price to drop below the 1100 levels. Maker’s choice for this Endgame was seen as a win for the Solana side.
  • JPMorgan, in a report published recently; He stated that the SEC believes several asset managers will approve spot Bitcoin ETF applications.
  • Binance’s product manager, Mayur Kamat, has reportedly parted ways with Binance.
  • OKX exchange is on the last straight for virtual asset service provider license (VASP) in Hong Kong. OKX is waiting for VASP license approval to be able to serve officially in the country until March 2024 from now on.
  • The European Parliament has stated that the digital euro may face various difficulties, including legal ones outside the euro area.
  • Harvard academic Christine Kim shared that income and wealth in the metaverse should be taxable immediately.

FED

  • According to the 2023 meeting calendar, the next FED meeting will be held on September 19-20, 2023. After the meeting, Fed Chairman Powell will announce the Fed’s interest rate decision in September.

Global Markets

  • The markets, which were closed yesterday due to a holiday in the USA, will be traded today. Index futures contracts in the USA started the new day with a decline.
  • While a negative course is observed in European stock markets, PMI and Producer Price Index (PPI) data to be announced throughout the region today will be followed. In addition, the speech of Christine Lagarde, President of the European Central Bank (ECB), which will continue today, is also in the focus of investors.
  • While DAX 40 index depreciated by 0.10 percent in Germany, CAC 40 index by 0.24 percent in France and FTSE 100 index depreciated by 0.16 percent in England yesterday, FTSE MIB 30 index followed a horizontal course in Italy. Index futures contracts in Europe started the new day with a negative trend.
  • Asian stock markets followed a mixed course.
  • In South Korea, the Kospi index decreased by 0.1 percent to 2,582 points, while the Shanghai composite index in China decreased by 0.8 percent to 3,152 points.
  • Nikkei 225 in Japan closed the day at 33,037 points with a 0.3 percent gain, while the dollar/yen parity is trading at 147 levels, 0.4 percent above its previous close.
  • In India, the Sensex index rose 0.3 percent to 65,791 points, while the Hang Seng index in Hong Kong fell 1.9 percent to 18,479 points.
  • The Reserve Bank of Australia, one of the regional central banks, announced that it kept the policy rate unchanged at 4.10 percent.
  • The PMI index, a barometer of activity in the services sector in China, fell to the lowest level of the year with the contraction in service exports.
  • Brent oil is traded at $88.75 a barrel in international markets.

Technology and Stocks

An AI summit will be held in the UK on 1-2 November. According to the announcement, “the risks posed by the most powerful artificial intelligence systems” will be discussed first.

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