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Money & Crypto News

India considers banning cryptocurrencies while promoting the adoption of CBDC digital rupees 🇮🇳

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🔽 According to CME's "Federal Reserve Observation", the probability of the Federal Reserve falling by 25 basis points by November is 91.1%

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Tether CEO: It is expected that the United States will catch up in cryptocurrency regulation 🪙

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If Bitcoin falls below $66,000, the cumulative multi-order clearing intensity of mainstream CEX will reach 1.12 billion 💸

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Gary Gensler is nearing the end of his tenure, which could conclude depending on the 2024 presidential election results

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OBAMA: 🇺🇸 "If in fact you can't crack that (Bitcoin) at all and the government can't get in then everybody is walking around with a Swiss bank account in their pocket." 🙌

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The U.S. SEC has approved the listing and trading of multiple Bitcoin ETF options, with a one-sided contract position limit of 25,000

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After Bitcoin fell, the total network contract holdings fell below $40 billion

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💵 U.S. spot Ethereum ETF had a net outflow of $20.82 million yesterday

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The probability of the Federal Reserve cutting interest rates by 25BP in November is 86.8% ⬇️

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Federal Reserve Kashkali: It is expected that there will be moderate interest rate cuts in the next few quarters 🔽

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📁 Coinbase requires the U.S. IRS to provide more time in cryptocurrency cost base reporting

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🗞 October 21, 2024 cryptocurrency news highlights

【Cryptocurrency】
🙌USDT and USDC now account for nearly 50% of transaction volume among major cryptocurrencies.

Bernstein: Bitcoin ETF inflows and crypto stock market sentiment all show extremely high risk appetite

Economy
It took Gold ETFs 5 years to break $20b inflows.🥇

Indicators
If Bitcoin breaks through $70,000, the cumulative short order liquidation intensity of mainstream CEX will reach 349 million🔼

🪙BlackRock’s ETF chief, Samara Cohen, revealed that 75% of buyers for their Bitcoin ETFs are crypto enthusiasts new to Wall Street.

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Billionaire Bill Miller: Financial advisors will recommend allocating 1%-3% of Bitcoin in investment portfolios over the next few years💰

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BlackRock’s ETF chief, Samara Cohen, revealed that 75% of buyers for their Bitcoin ETFs are crypto enthusiasts new to Wall Street.

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USDT and USDC now account for nearly 50% of transaction volume among major cryptocurrencies.

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The U.S. court extended the deadline for Ripple to submit confirmation letters and notices of court related to SEC proceedings by 14 days 👨‍⚖️

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New York Times: Bill Gates has donated $50 million to Harris 🇺🇸

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MetaPlanet completed $66 million in fundraising through the stock acquisition program 💵

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Binance and Cryptoсоm are losing market share to smaller rivals, while decentralized exchanges (DEXs) are gaining momentum

⚫️ Binance's spot market share fell from 52.5% to 39.5% in a year.
⚫️ Bybit surged to 8.51% market share, becoming the second-largest exchange.
⚫️DEX trading volumes grew, surpassing $250bn in March and June.
⚫️Despite losses, Binance still handled over $22.5tr in trading volume.

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🗞 October 22, 2024 cryptocurrency news highlights

【Cryptocurrency】
💡 💬 Paradign co-founder: Stablecoin is the next killer application of cryptocurrency

Economy
Bitcoin and cryptocurrency political donations for the U.S. presidential election are close to $200 million 🕊

Indicators
Federal Reserve Kashkali: It is expected that there will be moderate interest rate cuts in the next few quarters 🔽

Bitcoin futures open contracts (OI) traded on the Chicago Mercantile Exchange (CME) have reached a record high of more than $12.2.6 billion 💲

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Iran's top crypto exchange, Nobitex, with over 6m users, faces scrutiny due to alleged ties to the Iranian government and IRGC.

OBAMA: 🇺🇸 "If in fact you can't crack that (Bitcoin) at all and the government can't get in then everybody is walking around with a Swiss bank account in their pocket." 🙌

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Iran's top crypto exchange, Nobitex, with over 6m users, faces scrutiny due to alleged ties to the Iranian government and IRGC.

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Matrixport: The altcoin boom has not yet arrived, and retail investors have not yet entered the market on a large scale

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🇺🇸 Ripple Co-creation donated $10 million XRP tokens to Harris again

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Bitcoin and cryptocurrency political donations for the U.S. presidential election are close to $200 million 🕊

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Bitcoin futures open contracts (OI) traded on the Chicago Mercantile Exchange (CME) have reached a record high of more than $12.2.6 billion 💲

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On October 21, the net inflow of U.S. Bitcoin ETF was 4,330 BTC, and the net outflow of Ethereum ETF was 3,081 ETH 🪙

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💡 💬 Paradign co-founder: Stablecoin is the next killer application of cryptocurrency

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🟠 Saylor dismisses concerns about government seizure of Bitcoin as merely a crypto-anarchist trope 🤔

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Bernstein: Bitcoin ETF inflows and crypto stock market sentiment all show extremely high risk appetite

As Bitcoin once again attempted to break through the $70,000 resistance level and approach all-time highs, analysts at research and brokerage firm Bernstein said that Bitcoin ETF capital inflows, crypto stock markets, and retail trading sentiment All are "strongly showing risk appetite."

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MEW becomes the third MEME coin to be traded with Korean won on Upbit, following DOGE and SHIB

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