Cryptocurrencies
- Bitcoin fell from 17-month highs to below $34,000 after the October 26 Wall Street open.
- Google searches for “buy Bitcoin” have surged amid a massive crypto rally globally, with searches in the UK rising by more than 800% last week.
- Circle, the issuer of USDC stablecoin, has partnered with Taiwanese crypto exchange BitoGroup and Taiwan FamilyMart to expand its presence in the market.
- Bitcoin’s market dominance reached 54 percent, the highest level in the last 2 years. This shows that BTC is gathering strength before the halving, which is expected to take place in April 2024.
- The Arbitrum Foundation announced that Celestia is the first modular data availability network and that it will integrate it into Arbitrum’s software known as Orbit and Nitro.
- DYdX version 4 and the independent Cosmos blockchain have launched the alpha mainnet phase.
- Solana Labs introduced “Solana Incubator,” its new program for developing projects on the Solana blockchain, on October 26. This program will offer fundraising, development, networking and marketing support for web and blockchain projects looking to build on Solana’s platform. Solana Incubator will accept applications until November 30.
- Takis Georgakopoulos, JPMorgan’s global payments manager, stated that more than $1 billion in transactions are carried out daily through the company’s digital asset, JPM Coin.
- Before its bankruptcy, FTX demanded an investigation into the $6.5 million it gave to the nonprofit organization Center for AI Safety.
Popular crypto analyst CryptoCon stated that Bitcoin could reach $45,000 with an increase of up to 30 percent compared to current price levels. - Crypto payment company MoonPay announced a new partnership with global payment giant Mastercard for Web3-based services.
Global Markets
- Global markets follow a mixed course.
- Yesterday, in the New York Stock Exchange, the Dow Jones index decreased by 0.76 percent, the S&P 500 index decreased by 1.76 percent and the Nasdaq index decreased by 1.18 percent. Index futures contracts in the USA started the new day with an increase of nearly 1 percent, with Amazon’s profitability exceeding expectations.
- While volatility continues in the bond markets, the US 10-year bond interest, which rose to 4.99 percent yesterday, is at 4.86 percent today.
- While a sales-oriented trend stood out in European stock markets yesterday, the European Central Bank (ECB) left all 3 basic policy rates constant yesterday.
- Yesterday, the DAX 40 index in Germany decreased by 1.08 percent, the CAC 40 index in France decreased by 0.38 percent and the FTSE 100 index in the UK decreased by 0.81 percent, while the MIB 30 index in Italy increased by 0.29 percent. Index futures contracts in Europe started the new day with an increase.
- While Asian stock markets started the new day with a buying-oriented trend, the nearly 1 percent increase in the futures contracts of the technology-intensive Nasdaq index in the USA is effective in this trend.
- A barrel of Brent oil is traded at $89.31 in international markets.
Technology and Stocks
- Alphabet, Google’s parent company, lost a total of $180 billion in value, with a decline of over 9 percent in its share price. This is the worst day for Google shares since the COVID-19 outbreak in March 2020.
