Cryptocurrencies
- The US Securities and Exchange Commission (SEC) requested the cancellation of the lawsuit filed against Ripple co-founder Chris Larsen and the company’s CEO Brad Garlinghouse. XRP increased by 3.7% to $ 0.51 on the news.
- Ripple Labs Chief Legal Officer Stuart Alderoty said in a statement on They dropped all charges against our executives. This is not a deal. This is the SEC’s surrender. ” said.
- In the FTX lawsuit filed on Wednesday, it was revealed that the bankrupt crypto exchange FTX used customer funds to buy back all of its shares in rival exchange Binance.
- It is said that France can use XRP for the digital euro, supported by references from Banque de France.
- In a new Bitcoin ETF application submitted to the US Securities and Exchange Commission (SEC), BlackRock stated that the cryptocurrency market is unregulated and opaque.
- Cryptocurrency wallet Atomic Wallet, which was recently attacked by hackers, froze suspicious deposits of $ 2 million as a result of cooperation with major cryptocurrency exchanges.
- Grayscale Investments has filed for a new spot Bitcoin ETF on NYSE Arca.
- The 526 ETH locked in the vault of Hope Lend, a DeFi project, was completely emptied after the attack carried out by cyber attackers on October 18.
- In his X post shared on October 17, Cubic Analytics analyst Caleb Franzen pointed out the bull market by drawing attention to the two moving averages that determine the BTC price.
- According to a new report prepared by Morgan Stanley, it is said that the cyclical bear market called “crypto winter” is over.
- Blockchain analysis firm Chainalytics has refuted reports and analyzes circulating in the media that exaggerate the role of cryptocurrencies in financing terrorism, claiming that crypto activity from terrorist groups accounts for a small portion.
FED
- In his speech yesterday, Powell stated that they are carefully monitoring the latest data showing the durability of economic growth and labor demand, and pointed out that growth is constantly above the trend or the tightness in the labor market has not decreased, and that they may tighten the market.
- While it is certain that the Fed will not change the policy rate next month, according to the pricing in the money markets, uncertainties continue for the period after the November meeting.
Global Markets
- Global markets are trending negatively due to concerns that conflicts in the Middle East may become more severe.
- Following Powell’s comments, the US 10-year bond interest rate closed at 4.99 percent, the highest since July 19, 2007.
- Yesterday, in the New York Stock Exchange, the Dow Jones index lost 0.75 percent, the S&P 500 index lost 0.85 percent and the Nasdaq index lost 0.96 percent. Index futures contracts in the USA started the new day with a sales-oriented trend.
- According to the data announced today, retail sales in the UK in September were below expectations, with a monthly decrease of 0.9 percent, and in Germany, PPI decreased by 0.2 percent monthly.
- Yesterday, the DAX 40 index in Germany lost 0.33 percent, the CAC 40 index in France lost 0.64 percent, the FTSE 100 index in England lost 1.17 percent and the MIB 30 index in Italy lost 1.38 percent. Index futures contracts in Europe started the new day with a decline.
- The Central Bank of China (PBoC) left the 1- and 5-year borrowing interest rates constant at 3.45 and 4.20 percent, respectively.
- The barrel price of Brent oil rose by 1.9 percent to $92.1 yesterday due to supply concerns.
Technology and Stocks
- While the balance sheet season continues strongly in the USA, American Express’ company financial results will be followed today.
- Spirit of House, a new artificial intelligence model created to drive education and power Bitcoin-related products and services, will encourage BTC adoption.
