Cryptocurrencies
- The reappearance of asset management giant BlackRock’s spot Bitcoin ETF on DTCC’s website caused an increase in Bitcoin price.
Lawyers for Binance and Changpeng Zhao made statements supporting the dismissal of the case filed by the CFTC last March. - Crypto investment company Galaxy Digital claims that the BTC price could reach almost $60,000 within a year if spot Bitcoin ETFs are approved.
- The U.S. Securities and Exchange Commission today settled charges against BlackRock for failing to properly identify investments in the entertainment industry, and BlackRock agreed to pay a $2.5 million fine.
- Coinbase has denied rumors that it has imposed a $5,000 per week limit on Bitcoin withdrawals.
- Ark Invest founder Cathie Wood moved to divest approximately $5.8 million in Coinbase and Grayscale Bitcoin Trust (GBTC) shares on Monday. Ark Invest sold 100,739 shares of Grayscale Bitcoin Trust (GBTC) valued at $2.48 million at a closing price of $24.70.
- According to “OnchainDataNerd” data, four new whales purchased large amounts of ETH from the US-based cryptocurrency exchange in the last few hours.
- Grayscale Investments, a cryptocurrency asset management firm, has merged with FTSE Russell, the index division of the London Stock Exchange, to create five new cryptocurrency-focused indices. These five indices will represent different sectors of the cryptocurrency industry. It will be used for indices, ETFs and other funds that will be re-evaluated every 3 months.
- Crypto lending platform BlockFi emerged from bankruptcy with a statement made yesterday and stated that it is ready to repay some of its creditors.
FED
- The strengthening of pricing that the US Federal Reserve (FED) will most likely keep the policy rate constant in the next three meetings reduces the uncertainties about the future period.
Global Markets
- Global markets are following a positive trend with the selling pressure in bond markets losing strength and China’s actions to support the economy.
The US 10-year bond interest rate, which reached the highest level of the last 16 years with 5.02 percent at the beginning of the week, decreased by approximately 19 basis points from this level to 4.83. - Yesterday, the Dow Jones index rose by 0.62 percent, the S&P 500 index rose by 0.73 percent and the Nasdaq index rose by 0.93 percent in the New York stock exchange. Index futures contracts in the USA started the new day with a mixed course.
- Based on the pricing in the money markets, it seems certain that the ECB will keep the three main policy interest rates constant this week.
- According to S&P Global leading Purchasing Managers Index (PMI) data, the composite PMI in the region, which was 47.2 points in September, decreased to 46.5 points in October.
Yesterday, the DAX 40 index in Germany increased by 0.54 percent, the CAC 40 index in France increased by 0.63 percent, the MIB 30 index in Italy increased by 0.05 percent and the FTSE 100 index in the UK increased by 0.20 percent. Index futures contracts in Europe started the new day with a mixed trend. - While Asian stock markets started the new day in an upward trend, except for South Korea, the government’s decision to support the economy in China was effective in increasing risk appetite.
- While the decision to reduce the stamp duty on stocks from 0.13 percent to 0.1 percent in Hong Kong stands out, it is noteworthy that in Japan, sectors with intense business relations with Chinese companies lead the upward trend in the Japanese stock market.
- A barrel of Brent oil is traded at $87.76 in international markets.
Technology and Stocks
- While the balance sheet season continues intensively in the USA, IBM and Meta, which are expected to announce their balance sheets today, are expected to have an impact on the direction of the markets. The 5 major technology companies traded in the S&P 500 index make up approximately 25 percent of the index.
- According to the balance sheets announced yesterday, the revenues of Alphabet, the parent company of Microsoft and Google, increased in the July-September period.
