Cryptocurrencies
- Gary Gensler insists that cryptos be considered securities, and according to The Block, he will appear before the Senate Banking Committee tomorrow to talk about the issue.
- In the FTX case, FTX’s proposal to liquidate its assets exceeding $ 3 billion created panic in the crypto asset market. It is said that after the decision to be made on Wednesday, FTX will sell its assets weekly and spread the liquidation process over time.
- France has taken a step towards granting direct licenses to people called ‘influencers’ who promote investment products on their blogs.
- Animoca Brands raised $20 million on behalf of its metaverse project Mocaverse.
- Coinbase CEO Brian Armstrong spoke about the role the crypto market will play in next year’s US elections. Armstrong stated that Washington D.C. is unaware of the power of the crypto industry.
- According to data published by Coin Metrics, the decline in on-chain activities resulting from NFT sales, meme token trades and Telegram bots has been reflected in a decrease in Ethereum’s transaction fees.
- FTX’s former CEO Sam Bankman-Fried’s bail was revoked after it was determined that he attempted to contact witnesses in the case and undermined their credibility.
- Ethereum founder Vitalik Buterin’s Twitter(X) account was hacked and some of his followers were subsequently cyber-attacked. While Vitalik made a statement on the issue, it turned out that the incident was related to the T-Mobile account and the hacker took control of Buterin’s sim card with the line change.
- Blockchain company Ripple prevented any losses to the customers of blockchain infrastructure initiative Fortress Trust within the scope of the purchase agreement.
- According to court filings, FTX has $7 billion in assets, including property in the Bahamas, etc.
- PayPal announced its “ramp off” service that will allow its users to convert their cryptos into dollars.
- Attorney John Deaton stated that Binance’s objection to the SEC’s confidential documents would be another blow to the SEC’s weakening arguments in federal courts.
FED
- Analysts emphasized that if inflation data is above expectations, the possibility of the Fed to raise interest rates by the end of the year may increase.
- Data announced by the New York FED yesterday showed that the short-term inflation expectations of consumers in the USA have increased. Accordingly, the short-term median inflation expectation covering the next 12 months increased by 0.1 point to 3.6 percent in August after a 4-month decline, while the inflation expectation covering the next 3 years decreased by 0.1 point to 2.8 percent. .
Global Markets
- Global markets are trending positively.
- The positive news flow regarding technology companies before the Consumer Price Index (CPI) data to be announced in the USA tomorrow increased the risk appetite in global share markets.
- Yesterday, in the New York Stock Exchange, the Dow Jones index increased by 0.25 percent, the S&P 500 index increased by 0.67 percent and the Nasdaq index increased by 1.14 percent. Index futures contracts in the USA started the new day with a horizontal trend.
- Markets also followed a positive course in Europe, which is the region where the inflation and recession dilemma is felt the most.
- Yesterday, the DAX 40 index in Germany gained 0.39 percent, the CAC 40 index in France gained 0.52 percent, the FTSE 100 index in England gained 0.25 percent and the FTSE MIB 30 index in Italy gained 1 percent. Index futures contracts in Europe started the new day on a positive note.
- The rise in the USA, led by technology stocks, was also reflected in Asian markets except South Korea.
- On the Chinese side, the dollar/yuan parity is following a horizontal course today due to the ongoing yuan intervention of the Central Bank of China (PBoC).
- Today, the Kospi index in South Korea decreased by 0.8 percent to 2,536 points, and the Shanghai composite index in China decreased by 0.1 percent to 3,142 points.
- In Japan, Nikkei 225 closed the day at 32,776 points with a 0.95 percent increase, while the dollar/yen parity was traded at 146.9 with a 0.2 percent gain in value.
- The Sensex index in India increased by 0.3 percent at 67,304 points, and the Hang Seng index in Hong Kong remained flat at 18,080 points.
Technology and Stocks
- Google and Google.org, the company’s charitable arm, have launched the Digital Future Project, which aims to examine responsible AI initiatives.
- Tesla’s shares gained more than 10 percent after a Morgan Stanley analyst predicted that Tesla’s new supercomputer, Dojo, could increase the automaker’s market value by $500 billion.
- Qualcomm shares also rose nearly 4 percent after the company announced a deal to supply 5G chips for Apple’s smartphones by 2026.
- Meta’s shares gained more than 3 percent after the news that the company was working on a new artificial intelligence model.
