Cryptocurrencies
- According to The Verge, Elon Musk stated in his statement to X employees that new financial features for X will be added by the end of 2024 and that they will be surprised at how powerful these features will be.
- Google’s mistake regarding the dollar price yesterday caused a stir. Investors who typed “How many liras is a dollar?” into the search engine panicked when they received the answer “24 liras.” Especially in the cryptocurrency market, panic sales on the Tether/TL side, which is indexed to the dollar, caused a 4 percent decrease.
- Uniswap Foundation has made a total of 9.8 million dollars of UNI transfers, which is approximately 40.66 million dollars, in the last six days. It attracted attention that it made UNI transfers to known major exchanges.
- Investment giant VanEck has renewed its application to the US Securities and Exchange Commission (SEC) and once again applied for a spot Bitcoin exchange traded fund (ETF).
- Standard Chartered, the British banking giant, is bringing its services in the field of crypto to Hong Kong, which is taking important steps in this sector. Subsidiary Zodia Custody, the bank’s crypto unit, has decided to enter the Hong Kong market.
- According to a report published by Bloomberg News, analysts at Cantor Fitzgerald are increasingly confident that the SEC will approve the Spot Bitcoin Exchange Traded Fund (ETF) due to market surveillance procedures recommended by asset managers.
- Unexpected support for NFTs came from China. According to news in the Chinese local press on October 25, China-based Alibaba’s censorship on words related to NFTs in the peer-to-peer marketplace Xianyu has been lifted. China also relisted Topnod NFT collectibles minted on Alibaba’s Ant blockchain.
- Kraken announced that it will suspend all transactions regarding USDT, DAI, WBTC, WET and WAXL as of November 30.
- Ripple CEO Brad Garlinghouse criticized former SEC Chairman Jay Clayton’s comments on cryptocurrencies and accused him of being biased against cryptocurrencies.
- SBF denies defrauding FTX customers and using their funds, according to reports from the court on Oct. 27. The former CEO also stated that at the time of Alameda Research’s founding, he had no knowledge of digital assets.
FED
- While the pricing in the money markets is certain that the FED will keep the policy rate constant this week, the predictions for the December and January meetings have begun to change, albeit limited.
Global Markets
- Global equity markets started the week on a mixed note ahead of the monetary policy decisions of the US Federal Reserve (Fed) on Wednesday.
- While the developments in the Israeli-Palestinian conflict continue to be in the focus of the markets, the Fed’s decisions on Wednesday will be closely followed by investors, following a series of macroeconomic data that exceeded expectations in the USA.
- On Friday, the Dow Jones index and the S&P 500 index decreased by 1.12 percent and the S&P 500 index decreased by 0.48 percent in the New York stock exchange, while the Nasdaq index increased by 0.38 percent. Index futures contracts in the USA started the new week with an increase.
- While a sales-oriented trend stood out in European stock markets on Friday, the monetary policy decisions of the Bank of England (BoE) became the focus of investors on Thursday this week.
- On Friday, the DAX 40 index in Germany decreased by 0.30 percent, the CAC 40 index in France decreased by 1.36 percent, the FTSE 100 index in the UK decreased by 0.86 percent and the MIB 30 index in Italy decreased by 0.80 percent. Index futures contracts in Europe started the week with a decline.
- While Asian stock markets started the week on a mixed note, the perception that the company is gaining time with the postponement of the hearing regarding Evergrande’s debt restructuring in China to December has a positive impact on the markets.
- Analysts noted that the data in the employment report to be announced on Friday may have an impact on the pricing in the markets, and stated that the FED has not yet achieved the desired results despite the ultra-hawkish steps it has taken to cool the economy.
- The barrel of Brent oil has decreased and is traded at $88.33 in international markets.
Technology and Stocks
- G7, made up of the USA, Canada, France, Germany, Italy, Japan and the UK, will agree on governance rules for companies developing advanced artificial intelligence technologies.
