Cryptocurrencies
- Coinbase, one of the largest crypto exchanges in the USA, started to offer crypto loans to institutional investors in response to the credit problem in crypto.
- Binance CEO Changpeng Zhao denied the allegations made about the stock market and stated that they do not have any liquidity problems.
- According to Bloomberg, the largest US bank, JPMorgan Chase & Co., said it is considering launching a new type of digital currency that could speed up international payments and settlements.
- Binance has announced its decision to support upcoming network upgrades and Hard Forks for REI Network (REI) and MobileCoin (MOB).
- Polygon Labs founder Sandeep Nailwal has denied allegations of MATIC transfer to Binance. Nailwal claimed that it was misidentified and that the wallet did not belong to the Polygon Foundation.
- Decentralized exchange (DEX) Brine Fi raised $16.5 million at a $100 million valuation in an investment round led by Pantera Capital.
- Roman Storm, co-founder of crypto mixer protocol Tornado Cash, pleaded not guilty in the trial held in New York District Court yesterday.
- Faruk Fatih Özer, the founder of the cryptocurrency exchange Thodex, was sentenced to 11 thousand 196 years, 10 months and 15 days in prison within the scope of crypto fraud.
- The UK Financial Conduct Authority (FCA) has decided to delay crypto marketing regulations until 2024.
- Analysts at Berenberg Capital claimed that the United States Financial Accounting Standards Board’s new rules for crypto accounting will alleviate the concerns of companies holding digital assets.
- It has been claimed that former co-CEO of FTX Digital Markets, Ryan Salame, will plead guilty to accusations that he was involved in illegal activities on the exchange.
- Two civil servants working in Moscow, Russia, were detained on suspicion of extorting $265,000 worth of Bitcoin from an unnamed businessman.
FED
- New York Fed President John Williams noted that he expects the unemployment rate to increase next year and rise above 4 percent. Williams also stated that he sees a risk of stronger growth than expected.
- Chicago Fed President Austan Golsbee said, “We are rapidly approaching a time when our debates will no longer be about how much interest rates should rise.”
Global Markets
- Global markets remain mixed.
- Yesterday, the Dow Jones index increased by 0.17 percent in the New York stock market, while the S&P 500 index decreased by 0.33 percent and the Nasdaq index decreased by 0.89 percent. Index futures contracts in the USA also started the new day with a mixed course.
- While a mixed course was observed in the European stock markets, today the eyes are turned to inflation data in Germany. (Expectation is 6.1 percent)
- Yesterday, the DAX 40 index in Germany decreased by 0.14 percent and the FTSE MIB 30 index in Italy decreased by 0.20 percent, while the CAC 40 index in France gained 0.03 percent and the FTSE 100 index in the UK gained 0.21 percent.
- Index futures contracts in Europe started the new day with a mixed course.
- A negative trend was observed in Asian markets.
- According to data announced today in Japan, gross domestic product (GDP) in the second quarter was below expectations at 4.8 percent annually. After the data, it was seen that sales pressure increased across the region.
- Near the close, the Nikkei 225 index in Japan lost 1.4 percent, the Shanghai composite index in China lost 0.3 percent, and the Kospi index in South Korea lost 0.4 percent.
- Markets in Hong Kong were closed due to weather conditions.
Technology and Stocks
- According to the New York Times, the viral song “Ghostwriter” by the anonymous producer of the world-famous rap music artist Drake, which uses the vocal track produced by artificial intelligence, was submitted for consideration for the Grammy award.
- Apple’s share price, which lost 4 percent of its value after the news that the Chinese government banned public officials from using iPhones, dropped nearly 3 percent yesterday. The company’s market value approached a loss of $200 billion in the last 2 days
