Polymarket will crack down on U.S. users since U.S. citizens aren't allowed to trade on the website.
The crypto betting site has become popular for political betting, specifically its Donald Trump vs. Kamala Harris poll, which already has nearly $2.3bn in volume.
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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.
【More】
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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IMF economist: The global battle against inflation is about to be won
The International Monetary Fund (IMF) said in its latest global outlook that global inflation is expected to fall to 3.5% by the end of 2025, thanks in large part to the resilience of the global economy. Global inflation has suppressed risky assets such as cryptocurrencies and technology stocks.
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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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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 💲
【More】
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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