Quick Recap of Global and Crypto Market Trends in 1 Minute 22.11.2023

You can read the summary of markets report in 1 minute, which we have compiled daily important news about crypto money markets, global market news and domestic markets.

Cryptocurrencies

  • Binance will exit the United States and pay the $4.3 billion fine announced by the US Department of Justice to resolve anti-money laundering and sanctions violations.
  • Binance CEO CZ accepted the charges in the USA and resigned from his position. Richard Teng was appointed in his place. Teng was previously the Global President of Regional Markets. In his statement on the X platform, CZ shared that he made mistakes and needed to take responsibility, and that he took this action for the good of the company.
  • The rise in BNB’s price to $271.90, a five-month high, came on the heels of the announcement of a $4.3 billion settlement between the Department of Justice and Binance.
  • Changpeng Zhao, in a post on social media platform
  • Grayscale’s senior unit met with the SEC to discuss the details of the firm’s Bitcoin Trust, which they want to turn into a spot Bitcoin ETF. According to a filing shared by Bloomberg ETF analyst James Seyffart, Grayscale detailed that it has signed a Transfer Agency and Services Agreement with BNY Mellon.
  • Avalanche ecosystem developer Colony Lab announced that it will invest $10 million to support the growth of the network. Colony said it purchased more than 500,000 AVAX worth $8 million in the last few months and that the funds will be used to establish a validator program that benefits AVAX holders.
  • PancakeSwap is implementing vote-free “veCAKE” to increase governance impact and pool liquidity and reward CAKE stakers. If accepted, veCAKE holders will be able to delegate their voting rights to external protocols for additional rewards.
  • A stablecoin pegged to the New Zealand dollar has been issued in partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys.

FED

  • U.S. Federal Reserve officials agreed at their latest policy meeting that they would proceed with caution and raise interest rates only if there is no progress in controlling inflation, according to minutes released Tuesday.

Global Markets

  • In global markets, the markets in the USA and Japan will be closed tomorrow due to Thanksgiving Day, causing transaction volumes to drop significantly around the world.
  • Second-hand home sales in the USA decreased by 4.1 percent in October, falling to their lowest level since August 2010.
  • While the US 10-year bond interest is balanced at 4.42 percent, the dollar index is at 103.7, with an increase of 0.1 percent on the new day, after testing the lowest level since August 31 with 103.2 yesterday.
  • Analysts noted that the transaction volume in the markets decreased significantly due to tomorrow’s Thanksgiving holiday, and stated that employees may have closed the week by adding Friday to the holiday.
  • In the New York stock exchange, yesterday the Nasdaq index decreased by 0.59 percent, the S&P 500 index decreased by 0.2 percent and the Dow Jones index decreased by 0.18 percent. Index futures contracts in the USA started the new day with a mixed course.
  • While a sales-oriented trend, albeit limited, was prominent in European stock markets yesterday, Germany temporarily froze the additional spending commitments of all ministries.
  • A barrel of Brent oil is traded at $82.19 in international markets.

Technology and Stocks

  • While the lack of a significant movement in Nvidia stock futures due to Thanksgiving puts pressure on semiconductor chip producer company shares in Asia, shares of Baidu, the internet search engine that announced profits above expectations, are traded approximately 5 percent higher.
  • Its shares fell nearly 1 percent after Best Buy, a retail chain selling electronic goods, predicted that sales would decrease between 6 percent and 7.5 percent this year.
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