Cryptocurrencies
- Apple and Goldman Sachs shelved their joint project that would allow users to buy and sell stocks.
- Mt. Gox refund date extended to October 2024. Mt. Gox currently holds 142,000 BTC, 143,000 BCH and 69 billion JPY.
- Cryptocurrency exchange Coinbase announced that it will list the VARA token on the exchange with the experimental label.
- None Trading bot, a trading tool for cryptocurrencies and NFTs built on Discord, was closed due to a critical exploit.
- PayPal USD stablecoin will be available on Venmo, a social payment platform under PayPal.
- dYdX has partnered with Squid and Axelar for the integration of the v4 platform Cosmos into the ecosystem. This partnership will allow users to make transactions on any of Cosmos’ application chains.
- In the case between Binance U.S. and the SEC, Judge Faruqui scheduled a hearing for October 12 and called on the parties involved to submit a status report. We see Bitcoin targeting $28,000 as the case continues.
- Ripple allegedly transferred large amounts of XRP while the price of its token XRP was rising. According to data published by Whale Alert, in the last 14 hours, San Francisco-based Ripple Labs transferred nearly 80 million XRP to an “unknown” wallet.
- Arbitrum has launched a new feature to prevent temporary losses for arbitrage trading users. This feature will allow users to estimate their losses and act accordingly before closing arbitrage positions.
- Stricter regulations on crypto are being introduced in Hong Kong due to suspicion of rugpull on the Hong Kong stock exchange JPEX.
- Algorand Foundation and Amazon Web Services (AWS) announced that they will organize a hackathon called “Build-A-Bull” in late 2023 to develop new applications on the Algorand blockchain.
- California-based Stanford University has announced its plan to return all funds it received from the bankrupt cryptocurrency exchange FTX.
- Phishing attacks continue on the bankrupt crypto lending company Celsius Network. Creditors reported three phishing emails claiming to be from Celsius.
- According to data from the South Korean National Tax Service (NTS), 70 percent of South Korea’s overseas assets are crypto assets.
- Mutual fund giant Vanguard announced its prediction that the FED will increase interest rates 3 more times.
FED
- The FED did not change the policy rate as expected and left it in the range of 5.25-5.50 percent, the highest level in 22 years.
- Making statements after the decision, Fed President Jerome Powell stated that they were ready to increase interest rates further if appropriate, and that they intended to keep monetary policies at a restrictive level until they are sure that inflation is sustainably decreasing towards the target.
Global Markets
- 2-year US Treasury bond yields, one of the indicators most sensitive to the FED’s moves, rose to their highest level since July 2006.
- Yesterday in the New York Stock Exchange, the S&P 500 index lost 0.96 percent, the Nasdaq index lost 1.53 percent and the Dow Jones index lost 0.22 percent. Index futures contracts in the USA started the new day with a negative trend.
- US commercial crude oil inventories fell by approximately 2.1 million barrels last week compared to the previous week.
- While a positive trend was observed in the European stock markets yesterday, today investors are waiting for the interest rate decision of the Bank of England (BoE). 14:00 Turkey time
- Analysts reported that they think the BoE is now approaching the end of this cycle, even if it raises its policy rate.
- Yesterday, the FTSE 100 index in England increased by 0.93 percent, the CAC 40 index in France increased by 0.67 percent, the MIB 30 index in Italy increased by 1.64 and the DAX 40 index in Germany increased by 0.75 percent. Index futures contracts in Europe started the new day with a negative trend.
- The negative trend that started with the US Federal Reserve’s interest rate increase signal also carried over to Asian markets.
- Today, the Kospi index in South Korea decreased by 1.75 percent to 2,514 points, and the Shanghai composite index in China decreased by 0.7 percent to 3,087 points.
- In Japan, the Nikkei 225 index closed the day at 32,619 points, losing 1.22 percent of its value, while the dollar/yen parity is traded at 148.3 levels, just below its previous close.
- The Sensex index in India is at 66,264 points, with a decrease of 0.8 percent, and the Hang Seng index in Hong Kong is at 17,641 points, with a decrease of 1.4 percent.
- Analysts pointed out that while the dollar gained value against other important currencies yesterday, it followed a horizontal course against the Japanese yen, and stated that the Bank of Japan (BoJ) continued to intervene.
- The price of Brent oil has decreased and is traded at $92.67 in international markets.
