Cryptocurrencies
- Optimism is preparing for the third of its OP Airdrops. Community members will be rewarded for their participation, just like previous airdrops. A total of 19 million OP (worth approximately $26.22 million) will be distributed to 31 thousand wallets in the airdrop.
- DeFi platform Balancer has fallen victim to a cyber attack. According to the developers’ statement, the issue is currently under investigation and users are strongly advised not to interact with the Balancer user interface until further notice.
- David Hirsch, Head of SEC Crypto Enforcement Division, announced that they will sue other exchanges and DeFi projects besides Coinbase and Binance.
- In its latest application regarding the lawsuit filed against BAM, the holding company of Binance.US, the US Securities and Exchange Commission (SEC) claimed that the wallet provider Ceffu is related to Binance.
- Confused by the SEC’s allegations, Binance CEO Cz said, “For the record, Binance.US does not and has never used Ceffu or Binance Custody. You can’t just make this stuff up.”
- The Washington district judge demanded that Binance and the US Securities and Exchange Commission (SEC) work together to reduce tensions.
- According to recent Twitter(X) posts published by Whale Alert, over the past 14 hours, San Francisco-based Ripple Labs transferred close to 80 million XRP to a wallet that crypto trackers marked as “unknown.” Another transaction noticed was the transfer of 30 million XRP from an anonymous address to the Bitstamp exchange.
- Grayscale has filed with the SEC for its Ether Future ETF.
- In the United Kingdom, the Economic Crime and Corporate Transparency Bill has reached the final stages of voting in the House of Lords. With this bill, cryptocurrencies linked to crime can be seized.
- FTX took action to recover the embezzled funds from SBF’s parents.
- Sam Bankman-Fried’s family denies FTX’s allegations. The family’s legal representatives hit out at FTX’s new management, who sued them.
- A three-judge panel on the U.S. 2nd Circuit Court of Appeals is reportedly considering a motion to release former FTX CEO Sam Bankman-Fried before a hearing in October.
- The Bitcoin address with a value of 56.3 million dollars was activated after 6 years.
FED
- The focus of investors in money markets is on the FED policy interest rate decision, which will be held today at 21:00 Turkey time. Although it is certain that the FED will keep the interest rate constant, uncertainty continues as to what path it will follow for the rest of the year.
- Analysts said that signals about what steps the Bank will take in the future will be sought in the policy text and Powell’s statements after the meeting.
Global Markets
- Global markets are trending negatively as expectations increase that the US Federal Reserve (FED) will keep interest rates high for longer.
- Yesterday in the New York Stock Exchange, the S&P 500 index lost 0.24 percent, the Nasdaq index lost 0.23 percent and the Dow Jones index lost 0.31 percent. Index futures contracts in the USA started the new day with a negative trend.
- While a positive trend dominated the European stock markets yesterday before the FED’s interest rate decision, today’s intense data agenda became the focus of investors.
- Analysts drew attention to the importance of the inflation data to be announced today in the country before the interest rate decision of the Bank of England (BoE) tomorrow. The Consumer Price Index (CPI) in the UK is expected to increase by 0.7 percent on a monthly basis and 7 percent on an annual basis in August.
- Markets are pricing in an 80 percent chance that the BoE will increase the policy rate by 25 basis points at its monetary policy meeting tomorrow.
- Yesterday, the FTSE 100 index in England gained 0.09 percent, the CAC 40 index in France gained 0.08 percent and the MIB 30 index in Italy gained 0.60 percent, while the DAX 40 index in Germany decreased by 0.40 percent. Index futures contracts in Europe started the new day with a negative trend.
- The United Automotive Workers Union (UAW), which is on strike in the USA, announced that it will go on strike in more factories if there is no serious progress in the ongoing negotiations with automotive manufacturers.
- A sales-oriented trend was observed in Asian stock markets.
Today, the Kospi index in South Korea reached 2,559 points, in line with its previous closing, and the Shanghai composite index in China decreased by 0.4 percent to 3,114 points. - In Japan, the Nikkei 225 index closed the day at 33,023 points, losing 0.66 percent of its value, while the dollar/yen parity increased by 0.1 percent and traded at 147.9 levels.
- The Sensex index in India is at 66,945 points, with a decrease of 1 percent, and the Hang Seng index in Hong Kong is at 17,927 points, with a decrease of 0.3 percent.
Technology and Stocks
- Following the news that the US automobile manufacturer Ford reached an agreement with the organized labor union in its Canadian factory, the shares of General Motors, Ford and Stellantis increased by 2 percent each.
- It was also noteworthy that Walt Disney shares lost nearly 4 percent of their value after the company announced that it would almost double capital expenditures on its parks business over the next 10 years.
