Cryptocurrencies
- At the daily close of November 7, Bitcoin volatility occurred and with short position compression, the Bitcoin price approached 36 thousand dollars.
- Bloomberg’s ETF analyst James Seyffart claimed that spot Bitcoin ETFs have a 90 percent chance of being approved by January 10, 2024. He also said there could be a “wave of approval” if approval is given sooner.
- Telegram CEO Pavel Durov used $200,000 worth of TON coins to pay Telegram Premium subscription fees for 10,000 Telegram users.
- Robinhood announced its 2023 third quarter report. According to the report, the company’s cryptocurrency trading revenue has decreased. However, the company’s plans to expand into Europe continue.
- Crypto exchange Binance introduced the new Web3 wallet, which will be offered to users via the Binance mobile application, at Binance Blockchain Week held in Istanbul.
- Wintermute, a cryptocurrency market maker, accused the NEAR Foundation and Aurora of violating the $11 million USN stablecoin conversion agreement.
- CFTC Chairman Rostin Behnam called on Congress to take a more active role in guiding federal agencies on the future regulatory framework for cryptocurrencies.
- Illuvium (ILV), one of the popular games created on the Blockchain network, announced that it will be listed on the Epic Games Store.
FED
- In the statements made yesterday, FED Board Member Lisa Cook stated that the increase in geopolitical tensions around the world could worsen the already weak growth in Europe and China and their effects could change the course of the US economy.
Global Markets
- Global markets are waiting for US Federal Reserve (FED) Chairman Jerome Powell’s speech today to take direction.
- While commodity prices continue their downward trend, the increasing signals of a slowdown in economies around the world play an important role in this situation.
- Yesterday, the Dow Jones index in the New York Stock Exchange decreased by 0.12 percent, while the S&P 500 index increased by 0.1 percent and the Nasdaq index increased by 0.08 percent. Index futures contracts in the USA started the new day with a mixed course.
- While an upward trend was evident in European stock markets, excluding the UK, yesterday, macroeconomic data in the region continues to give mixed signals.
- While retail sales in the Eurozone decreased by 0.3 percent in September compared to the previous month, inflation in Germany fell to 3.8 percent in October, its lowest level since August 2021.
- Yesterday, the DAX 40 index in Germany increased by 0.51 percent, the MIB 30 index in Italy increased by 0.13 percent and the CAC 40 index in France increased by 0.69 percent, while the FTSE 100 index in the UK decreased by 0.11 percent. Index futures contracts in Europe started the new day with a mixed trend.
- While the upward trend in Asian stock markets, excluding Hong Kong, stands out on the new day, uncertainties regarding the Chinese economy affect asset prices.
- The consumer price index (CPI), the main indicator of inflation in China, decreased by 0.2 percent in October compared to the same period last year.
- Supply concerns caused by the Israeli-Palestinian conflict continue to have an impact on prices. A barrel of Brent oil is traded at $79.95 in international markets.
