Cryptocurrencies
- Some banks in the United States were unable to process customers’ deposits after one of the Federal Reserve’s payment systems was disrupted on November 3.
- DeFi lending protocol Aave announced that it has paused some operations as a temporary protection measure due to an issue.
- NFT marketplace OpenSea announced that it will lay off almost half of its employees on November 3. In his statement on X, CEO Devin Finzer stated that the company will start version 2.0 with a smaller team.
- Solana-based NFT marketplace Magic Eden announced that it has partnered with Yuga Labs, the company behind the Bored Ape Yacht Club and Cryptopunk NFT collectibles, to open a new marketplace for Ethereum NFTs that reward creators with royalties.
- Advisors at bankrupt cryptocurrency exchange FTX shared data on customers’ transactions and accounts with the FBI, according to court documents seen by Bloomberg.
- The Hong Kong Securities and Futures Commission (SFC) is moving towards allowing retail investors to purchase spot crypto Exchange Traded Funds (ETFs).
- Monero (XMR) announced on September 1, 2023 that its Community Crowdfunding System Wallet (CCS) was hacked. Although the attack took place at that time, its statement was made recently.
- The United States Commodity Futures Trading Commission (CFTC) has turned its attention to how companies handle customer assets and introduced new regulations. However, LedgerX’s operational model was not taken into account.
- Famous investor and vice chairman of Berkshire Hathaway, Charlie Munger, expressed his concerns about Bitcoin and its rise.
Cryptocurrency exchange Bitfinex announced that a minor security breach discovered earlier this week has been resolved. - In a post about an altcoin that uses the name of his new artificial intelligence project xAI and is experiencing increases in price, Elon Musk stated that none of his companies will ever launch a cryptocurrency market.
FED
- Analysts noted that the possibilities of an interest rate increase in the next 3 meetings have decreased significantly in the pricing in money markets and stated that it is predicted that the Fed may start reducing interest rates in June next year.
- Experts stated that this week, Fed Chairman Powell’s speech on Thursday, as well as the verbal guidance given by Fed officials throughout the week, are expected to have an impact on asset prices.
Global Markets
- While non-agricultural employment in the USA increased by 150 thousand people in October, the unemployment rate increased from 3.8 percent to 3.9 percent, reaching its highest level in 21 months.
After the non-agricultural employment data in the USA, the 10-year treasury bond interest tested below 4.50 percent and stabilized at 4.58 percent on the first trading day of the week. - On Friday, the Dow Jones index rose 0.66 percent, the S&P 500 index rose 0.94 percent and the Nasdaq index rose 1.38 percent in the New York stock exchange. Index futures contracts in the USA started the new week with a mixed course.
While a mixed trend stands out in European stock markets on Friday, the intense data agenda will be in the focus of investors throughout the week. - On Friday, the DAX 40 index in Germany increased by 0.3 percent and the MIB 30 index in Italy increased by 0.69 percent, while the CAC 40 index in France decreased by 0.19 percent and the FTSE 100 index in the UK decreased by 0.39 percent. Index futures contracts in Europe started the new week with a mixed course.
- Although concerns about real estate companies continue in China, the news flow for some companies positively affects asset prices. South Korea’s decision to abolish short selling in equity markets until June 2024 supported South Korean markets.
- A barrel of Brent oil is traded at $85.29 in international markets.
Technology and Stocks
- Some in the XRP community have speculated that Google has begun operating an XRP Ledger (XRPL) node.
