Cryptocurrencies
- The SEC Chairman stated that multiple ETF applications are being worked on.
- According to The Block, Galaxy Digital CEO Mike Novogratz claimed that spot Bitcoin ETF approval will occur in 2023.
- Axie Infinity, which we know from the Play to Earn system, unlocks a significant part of its supply. 11.50% of the supply will be put into circulation at 16.00 Turkey time on 20.10.2023. While AXS worth 63 million dollars will be put into circulation at the current price, the largest share will be distributed to the team.
- ARK Invest company CEO Cathie Wood claimed that they are the first in line for Bitcoin spot ETFs, so the SEC could approve several ETFs at the same time.
- Binance announced that it will list 6 new cryptocurrency trading pairs starting today. Starting at 11:00, ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY and MATIC/FDUSD pairs will be ready for spot transactions.
- Binance has decided to delist and discontinue the use of ADAUP and ADADOWN leveraged tokens.
- Cryptocurrency market regulations that came into force in the UAE, Dubai and Bahrain started to direct important exchange platforms and companies to the Middle East.
- The bankruptcy of crypto exchange JPEX drove Hong Kong users away from crypto. According to a new study, there is a 41% decrease in the user rate.
- Singh, an FTX employee, stated at yesterday’s hearing that he was among the last to learn that FTX was using user funds. He claimed he didn’t know about it until September.
- Tesla’s third quarter balance sheet was announced; Tesla continued to hold $312,000,000 in Bitcoin assets. However, he did not make any new Bitcoin purchases.
- The Ethereum Liquid Staking Derivatives Finance (LSDFi) ecosystem has grown more than expected this year as Ether holders choose to stake rather than sell.
- Coinbase experienced a larger-than-expected decline in transaction volumes in the third quarter in the United States, according to a research report published by investment bank Berenberg.
- SUI, one of the Layer 1 projects that was talked about a while ago, has fallen to its lowest level of all time. Even though the team denies the allegations of manipulation about the project, the decline continues.
FED
- FED Beige Book was published. Remarkable lines;
- Prices generally continued to increase at a modest pace.
- Most regions reported little or no change in economic activity since the September report.
- In addition, a statement from US Federal Reserve (FED) Chairman Jerome Powell is expected today at 19:00 Turkey time.
Global Markets
- All eyes in global markets are on the statements to be made by US Federal Reserve (FED) Chairman Jerome Powell today at 19:00 Turkey time.
- As expectations that the FED will keep interest rates higher for a longer period of time are strengthening, bond interest rates are on the rise. The US 10-year bond yield rose above 4.9 percent for the first time since 2007.
- US commercial crude oil stocks decreased by approximately 4 million 500 thousand barrels last week compared to the previous week.
- With these developments, the Dow Jones index lost 0.98 percent, the S&P 500 index lost 1.34 percent and the Nasdaq index lost 1.62 percent in the New York stock exchange yesterday. Index futures contracts in the USA started the new day with a sales-oriented trend.
- A sales-oriented trend stood out in European stock markets yesterday.
- Yesterday, the DAX 40 index in Germany lost 1.03 percent, the CAC 40 index in France lost 0.91 percent, the FTSE 100 index in England lost 1.14 percent and the MIB 30 index in Italy lost 0.82 percent. Index futures contracts in Europe started the new day with a decline.
- While the problems of the real estate sector in China continue to affect the markets, the news flow regarding Country Garden, the country’s largest company in this sector, continues to be in the focus of investors.
- Asian markets are following a negative trend on the new day due to the selling pressure in the US bond markets.
Technology and Stocks
- Morgan Stanley’s shares lost nearly 7 percent after the bank announced that its net profit decreased by 9 percent in the third quarter of this year compared to the same period in 2022.
- Tesla’s profit fell by 44 percent in the third quarter compared to the same period last year, due to the impact of discounts on car prices around the world.
