Cryptocurrencies
- Charles Edwards, founder of hedge fund Capriole Investments, suggested that Bitcoin briefly rose above $35,000 on Wednesday for the second time this week, but prices quickly reversed as that level likely triggered a large number of sell orders from miners.
- Solana has formed a new partnership with DeBridgeFinance and Solflare. In this way, it was stated that users can transfer assets from their MetaMask wallets with zero fees and stake SOL.
- Arthur Hayes, former CEO of cryptocurrency exchange BitMex, believes that war-related geopolitical risks will increase the BTC price.
- According to the statement made by the developers, while the Polygon network is preparing to move to version 2.0, POL token smart contracts will be operational on the Ethereum main network.
- Parity Technologies, the company behind the Polkadot blockchain, is laying off 100 employees, equivalent to 30% of its workforce. It was noteworthy that most of those laid off were from marketing and business development departments.
- Asset manager Hashdex held a meeting with the SEC to discuss the regulator’s concerns about its spot Bitcoin ETF application. It is said that the SEC may request more details before the application deadline of November 17.
- Fantom CEO Andre Cronje announced that they will revolutionize blockchain technology with the new Sonic update. The founder of Fantom spoke assertively about the sonic add-on, which is expected to be much faster.
Binance Labs, the investment arm of the Binance exchange, invested in Cyber Connect. After the news, CYBER increased by more than 30 percent. - Bitfinex Securities announced its first tokenized bond to be listed in November. The new tokenized bond, called ALT2611, is a 36-month, 10 percent coupon bond denominated in Tether and was issued by Mikro Kapital, a global leader in microfinance.
- SBF’s lawyer, Mark Cohen, stated that former FTX CEO Sam Bankman-Fried will testify soon in the fraud case.
According to Coinglass data, when Bitcoin reached $ 35,000, a liquidation of $ 147 million took place in leveraged positions due to the withdrawal.
Global Markets
- US commercial crude oil stocks increased by approximately 1 million 400 thousand barrels last week compared to the previous week.
- In the USA, the United Automotive Workers Union (UAW) reached a 4.5-year interim agreement with Ford Motor. UAW President Shawn Fain announced that the strike yielded results and a ‘historic’ agreement was reached with Ford.
- Yesterday, in the New York Stock Exchange, the Dow Jones index decreased by 0.32 percent, the S&P 500 index decreased by 1.43 percent and the Nasdaq index decreased by 2.43 percent. Index futures contracts in the USA started the new day with a decline.
- While a mixed trend stood out in European stock markets yesterday, today the monetary policy decisions of the European Central Bank (ECB) and the statements to be made by ECB President Christine Lagarde after the meeting are in the focus of investors.
- 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.
- Yesterday, the DAX 40 index in Germany increased by 0.08 percent, the CAC 40 index in France increased by 0.31 percent and the FTSE 100 index in the UK increased by 0.33 percent, while the MIB 30 index in Italy decreased by 0.52 percent. Index futures contracts in Europe started the new day with a decrease of nearly 1 percent.
- While Asian equity markets started the new day with a sales-oriented trend, the selling pressure in Japanese bonds continues to make pricing difficult.
- Oil prices have fallen due to data indicating weakening demand in the USA. A barrel of Brent oil is traded at $89.50 in international markets.
Technology and Stocks
- Injective (INJ) has integrated Google Cloud’s BigQuery through its cloud computing provider Analytics Hub.
- Shares of US aircraft manufacturer Boeing also fell more than 2 percent after the company announced a loss of $1.6 billion in the third quarter and lowered its delivery forecasts for its 737 type planes for this year due to quality problems at its supplier Spirit AeroSystems.
- Today, approximately 70 more companies, especially Amazon and Ford Motor, are expected to announce their balance sheets.
