Cryptocurrencies
- Bitcoin price is looking for a new support around USD 27,000 after the FED’s interest rate policy.
- Bloomberg analyst stated that Bitcoin’s green energy usage has exceeded 50% due to China’s mining ban. Elon Musk stated that Tesla will accept BTC payments if this happens in 2021.
- Crypto exchange Remitano encountered suspicious withdrawals on September 14. $2.7 million worth of cryptocurrency was withdrawn through suspicious transactions. Tether recovered $1.4 million worth of money by freezing an address used by the attacker.
- A remarkable development was shared from Cosmos Hub, the cross-chain service provider of the Cosmos network. New features were added to ATOM with Cosmos Hub’s Liquid Staking Module, which was launched.
- According to The Wall Street Journal, Binance US is losing 2 more executives as pressure from regulators continues.
- Deutsche Bank, one of the European giants, aims to offer crypto custody and tokenization services to its customers by integrating with the Switzerland-based Taurus company.
- Genesis announced that it will discontinue its trading services until September 21.
- Sui Network is going for Google Facebook and Twitch integrations to make Web3 participation easier. Thus, users will now be able to sign up for Sui-supported applications without having to manage an external crypto wallet or seed token.
- The Bank of Singapore imposed a nine-year ban on Kyle Davies and Su Zhu, citing Three Arrows Capital’s (3AC) violation of the country’s securities laws.
FED
- Analysts stated that although the CPI and PPI in the USA increased above expectations, this was not enough to change the expectations that the US Federal Reserve (Fed) would keep the interest rate constant at its meeting on September 20.
- According to pricing in money markets, the probability that the Fed will keep the policy rate constant at 5.25-5.50 percent at its September meeting has increased to 97 percent.
Global Markets
- Positive developments regarding global economies increased the risk appetite in global share markets.
- According to the data announced yesterday, the Producer Price Index (PPI) in the USA exceeded expectations with an increase of 0.7 percent on a monthly basis and 1.6 percent on an annual basis in August. Producer inflation reached its highest monthly value since June 2022 in August.
- In the New York Stock Exchange, the Dow Jones index increased by 0.96 percent, the S&P 500 index increased by 0.85 percent and the Nasdaq index increased by 0.81 percent. Index futures contracts in the USA also started the new day on a positive note.
- Despite the ECB’s 25 base increase in interest rates, a positive trend was observed in the European stock markets, with Lagarde’s “dovish” guidance.
- Yesterday, the DAX 40 index in Germany gained 0.97 percent, the CAC 40 index in France gained 1.19 percent, the FTSE 100 index in England gained 1.95 percent and the FTSE MIB 30 index in Italy gained 1.37 percent. Index futures contracts in Europe started the new day on a positive note.
- While a buying-oriented trend was observed in Asian stock markets, the Shanghai composite index in China diverged negatively.
- Today, the Kospi index in South Korea increased by 1.1 percent to 2,601 points, and the Shanghai composite index in China decreased by 0.1 percent to 3,125 points near the closing.
- In Japan, Nikkei 225 closed the day at 33,533 points with a 1.1 percent gain in value, while the dollar/yen parity increased by 0.1 percent and traded at 147.6 levels.
- The Sensex index in India increased by 0.4 percent at 67,762 points, and the Hang Seng index in Hong Kong increased by 1 percent at 18,223 points.
- A barrel of Brent oil is traded at $94.35 in international markets.
Technology and Stocks
- KBank Business Technology Group, Thailand’s second largest bank, is starting its artificial intelligence investments with a fund of 100 million dollars.
- Shares of Arm Holding, which SoftBank purchased for approximately 32 billion dollars in 2016, started to be traded on Nasdaq after its public offering with a valuation of 54.5 billion dollars and increased by 25 percent on the first trading day.
