Cryptocurrencies
- S-1 application has been filed for the new Ethereum ETF from BlackRock.
- The US Securities and Exchange Commission (SEC) has postponed HashDex’s application to convert its existing Bitcoin futures ETF into a spot ETF.
- Following the postponement decision, the market expectation turned to the postponement of the other two applications and the acceptance of ETFs on January 11, the last evaluation date of ARK’s application.
- Starknet has mapped out the roadmap to decentralize key components of its scaling network to counter censorship and increase its robustness.
- German MP Joana Cotar has begun spearheading an initiative to accept Bitcoin as legal tender in Germany.
- Gas fees on Ethereum Layer 2 platform Polygon (MATIC) have increased by more than 1000%, reaching a historical peak of $0.10. The reason for this situation is shown to be the network congestion due to users printing Ordinals-inspired tokens called POLS.
- While Bitcoin, which rose to levels of up to $ 37,900, was currently at 36,420 levels, a year-end BTC prediction came from Matrixport research head Markus Thielen. According to Coindesk, Markus Thielen stated that there is an upward momentum in Bitcoin and that this momentum will continue undisturbed until the end of 2023.
- Tether started working on Bitcoin mining.
- Blockchain technology firm Aave Companies has rebranded as Avara and announced that it has acquired a Los Angeles-based web3 startup.
- The decentralized Jupiter Exchange, known from the Solana ecosystem, announced that it will airdrop to more than 950,000 wallets.
- There was a remarkable transfer in AVAX, which has been in an upward trend recently and managed to exceed the 20 dollar limit. A whale transferred AVAX worth $10.3 million to the Binance exchange.
- A New York Southern District Court judge rejected the plaintiff’s requests for a change in court, who filed a class-action lawsuit against Tether and Bitfinex companies. Plaintiff Shawn Dolifka did not object to this decision of the judge. Following this development, the case was completed in favor of Tether and Bitfinex companies.
- Binance announced to the public that it will open a cryptocurrency exchange in Thailand at the beginning of 2024, in cooperation with Gulf Energy Development.
- It has been announced that Kaspa (KAS), one of the popular Web3 projects of recent times, will be listed on Binance Futures. KAS transactions, which can be opened up to 50x leveraged transactions, will only be available on the forward side for now.
FED
- Analysts stated that it is certain that the Fed will keep the interest rate constant at the December meeting, based on the pricing in the money markets, and that it is estimated that the bank will start reducing interest rates in June with an 85 percent probability.
Global Markets
- While the data released yesterday in the USA shows that the softening in the labor market continues, the statements of the US Federal Reserve (FED) officials that it is too early to declare victory in the fight against inflation make it difficult for the markets to find direction.
- The Institute of International Finance (IIF) published the “Global Debt Monitor” report. According to the report, the global debt amount was announced as 307.4 trillion dollars in the third quarter of this year.
- While the Nasdaq index and the S&P 500 index increased by 0.07 percent and the S&P 500 index by 0.12 percent in the New York stock exchange yesterday, the Dow Jones index decreased by 0.13 percent. Index futures contracts in the USA started the new day with a mixed course.
- While European stock markets followed a sales-oriented trend yesterday, except for Germany, today attention turned to Euro Zone inflation (OCTOBER CPI) data. 13:00 BST
- Yesterday, the DAX 40 index in Germany increased by 0.24 percent, the CAC 40 index in France decreased by 0.57 percent, the FTSE 100 index in the UK decreased by 1.01 percent and the MIB 30 index in Italy decreased by 0.71 percent. Index futures contracts in Europe started the new day with a mixed course.
- With the share price of Alibaba Group Holding losing approximately 10 percent of its value, a sell-off trend was observed in Asian markets, excluding Japan.
- The Nikkei index remained positive in the region as speculation increased that Warren Buffett might invest more in Japan’s equity markets.
- A barrel of Brent oil continues its downward trend in international markets and is traded at $77.50.
Technology and Stocks
- US retail giant Walmart finished the day with a loss of more than 8 percent after lowering its earnings forecast across its shares.
- Shares of Cisco Systems, a company that provides cloud and cybersecurity solutions, also fell nearly 10 percent due to lower expected profitability.
