Citi and Fidelity showcase a real-time forex swap proof-of-concept on blockchain at the Singapore Fintech Festival, enabling instant multi-asset settlements. - Coindesk : Leviathan News
Читать полностью…The Week Ahead | @infinityhedge | Election Week
Macro:
*China's National People's Congress Meeting [to green light Stimulus package but WSJ Today reported “China Isn’t Planning a ‘Bazooka’ Stimulus—at Least Not This Year”] 4-8 Nov.
*U.S Presidential Election on 5
*U.S. Fed Interest Rate Decision on 7 [25 bps cut is widely anticipated]
*Iran retaliation attack against Israel expected, Iranian official: Iran doesn’t want to influence the U.S. election so, the response would come after Tuesday’s voting but before a new president is inaugurated in January
Crypto:
**SEC vs Binance, Defendants’ answers or pleadings in response to the amended complaint due on 4
**SEC vs Binance, Discovery Hearing on 6
*Caroline Ellison Surrender date would be set on or after Nov. 7.
*MakerDAO will run a poll to determine the long-term brand of the backend protocol between 4 to Nov. 7, with three poll options [infinityhedge]: Keep the Sky brand, Recenter the Maker brand or Recenter the Maker brand, with a limited brand refresh
*Kraken’s L2 blockchain ‘ink’ testnet on 10
*HYPE Users must review and accept the Genesis Event Terms to participate in Airdrop before Nov. 11, 2024 23:59 UTC
*Bitwise Ethereum ETF, the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust options decision deadline Nov. 11
*DevCon 7 Event, Bangkok [11-15] [Uniday, Kraken, etc]
Token Unlocks:
$APT: $90M: 2.18% on 11
$BANANA: $12M: 7% on 8
What Data Says about BTC:
The options market signals expected moves of about 8% in either direction the day after the vote, compared to typically 2% up or down on a normal day — No significant volatility premium is priced in after Nov. 7, suggesting the market expects a fairly quick resolution — For the weeks after the election, data from the Deribit exchange hint at a possible $60k to $80k trading range based on peak open interest — or outstanding contracts
Earnings/Charts/Articles ⬎ : infinityhedge
Justin Sun: Binance charged us $0. Coinbase required us to pay 500 million TRX (worth $80 million) and demanded a $250 million BTC deposit in Coinbase Custody to boost their performance.
When Binance listed, Scroll offered 5% of its tokens for airdrop, and the TON Foundation offered 7.65M TON for airdrop. — link : Wu Blockchain News
Last week, from October 28 to November 1, Bitcoin spot ETF had a net inflow of $2.22 billion, the third largest weekly net inflow in history. BlackRock ETF IBIT had a weekly net inflow of $2.15 billion. Ethereum spot ETF had a net inflow of $13 million last week. — link : Wu Blockchain News
Читать полностью…Naval Ravikant, a well-known angel investor in Silicon Valley, said: Most crypto projects die because the founding team gets rich too early and you can’t recruit your way out of that. Kyle, the co-founder of Muliticoin, agreed and said that the best founders are not completely driven by finance. — link : Wu Blockchain News
Читать полностью…The Ethereum and Solana hot wallets of the online casino Metawin were hacked. Using the "frictionless withdrawal system" vulnerability of the protocol, hackers stole more than $4 million. Some of the funds have been transferred to Kucoin and HitBTC. — link : Wu Blockchain News
Читать полностью…FACT: 🟠 Michael Saylor’s Bitcoin strategy boosted MicroStrategy from a $1B to a $52B market cap 🔥 : Bitcoin
Читать полностью…🇸🇷 Suriname presidential candidate Maya Parbhoe pledges to make Bitcoin legal tender on day one 🙌 : Bitcoin
Читать полностью…Coinbase CEO Brian Armstrong said that over time, some diversified investments will be made, including investments in moonshot projects, but the vast majority of Coinbase shares will still be retained.He listed about 10% of my holdings in the 10b51 plan, but much of that at substantially higher price limits than COIN today. — link : Wu Blockchain News
Читать полностью…Arthur Hayes favors Solana ahead of the U.S. election and calls it a “high beta Bitcoin” in Unchained podcast; it doesn’t matter who wins the U.S. election because the primary impact on digital assets will be the Fed’s decision on November 7. He warned that no matter how politics change, crypto regulation is unlikely to see significant improvements. — link : Wu Blockchain News
Читать полностью…Ki Young Ju, founder of CryptoQuant, said that in September 2021, the stablecoin market value was $30 billion, and now is about $166 billion. However, only 21% of stablecoins are used for transactions in exchanges now. In 2021, more than half of the stablecoins were in exchanges, indicating that the trend of stablecoins as a store of value or a method of remittance is rising in this cycle. — link : Wu Blockchain News
Читать полностью…JUST IN: BlackRock CEO Larry Fink says "we're not going to see interest rates as low as people are forecasting." : Watcher Guru
Читать полностью…Digital asset investment products saw inflows of $2.2bn last week, bringing year-to-date inflows to a record breaking $29.2bn.
Bitcoin saw inflows of $2.2bn while Ethereum saw $9.5m in inflows — link : unfolded.
Last week, from October 28 to November 1, Bitcoin spot ETF had a net inflow of $2.22 billion, the third largest weekly net inflow in history. BlackRock ETF IBIT had a weekly net inflow of $2.15 billion. Ethereum spot ETF had a net inflow of $13 million last week. — link : Wu Blockchain News
Читать полностью…According to Tokenomist, the single unlocking amount in the next 7 days will be greater than 5 million US dollars, including NEON BANANA ADA XAI BGB AGI, etc., and the linear large unlocking in the next 7 days includes SOL WLD TIA TAO AVAX DOGE SEI NEAR DOT SUI FIL, etc. The total unlocking value exceeds 349 million US dollars. — link : Wu Blockchain News
Читать полностью…Stablecoin issuer Circle said that Hong Kong is an important market for USDC and intends to hire more employees and establish business in Hong Kong. It is currently waiting for the introduction of new stablecoin regulations in HK and will consider applying for a license; HK has great advantages in developing stablecoins, including the ability to achieve same-day US dollar settlement and is also the largest capital market in the Asia-Pacific region. — link : Wu Blockchain News
Читать полностью…The Federal Reserve will announce its interest rate decision on November 7 this week, and CME shows a 99.7% probability of a 25bps rate cut. In addition, voting for the US presidential election will begin on November 5, and the results are expected to be determined around November 6. — link : Wu Blockchain News
Читать полностью…FYI: 🟠 In the past days Bitcoin hit all-time high in 113 currencies 📈
Nothing's stopping this train. : Bitcoin
🇺🇸 U.S. ETFs bought 11,900 #Bitcoin on October 29th—equivalent to a month’s supply❗️ : Bitcoin
Читать полностью…Moonrock Capital CEO Simon said that a Tier 1 project received a request from Binance to list, but they were required to provide 15% of the total token supply. Coinbase CEO Brian said that Coinbase listing coins is free. However, Andre Cronje refuted that Binance did not charge them any fees, and Coinbase recently asked for $60m (probably referring to FTM token). — link : Wu Blockchain News
Читать полностью…CoinShares' latest report shows that based on second quarter cash cost data, the average cost of producing one bitcoin for all listed miners is now $49,500, and if depreciation and stock compensation are included, this average cost will rise to $96,100. Mining companies are increasingly diversifying their revenue sources to include AI. — link : Wu Blockchain News
Читать полностью…In the past 12 hours, Polymarket showed that in the most important swing state of Pennsylvania, Trump's chances of winning dropped from 56% to 51%, while Harris's chances rose from 45% to 50%. The Washington Post survey showed Harris leading Trump with 48% to 47% in Pennsylvania. — link : Wu Blockchain News
Читать полностью…Cosmos Network wallet: 0xE8...57d3 transferred 3,500 ETH worth about 8.72 million USD to Coinbase Prime Deposit at 0:50 UTC+8 today via the transfer address: 0x5b...d7b0. Currently, Cosmos Network wallet: 0xE8...57d3 still holds 20,087 ETH worth about 49.85 million USD, which comes from the ICO in 2017. — link : Wu Blockchain News
Читать полностью…NEW: 🇺🇸 Strive Asset Management, co-founded by Vivek Ramaswamy, announces it’s embracing Bitcoin in Texas 🙌
Managing $1.7B, Strive reports a core part of its business moving forward will be “integrating Bitcoin into standard portfolios of everyday Americans.”
Via Bitcoin News : Bitcoin
JUST IN: 🇺🇸 Senator John Fetterman calls to ban Congress members from owning stocks due to insider trading. : Watcher Guru
Читать полностью…