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Money & Crypto News

🗞 October 24, 2024 cryptocurrency news highlights

【Cryptocurrency】
Cryptocurrency trading platform Genius completes US$6 million in financing, led by CMCC Global

Economy
Russia is trying to effectively circumvent Western sanctions by using Bitcoin to trade within the BRICS countries 💵

Denmark could introduce a 42% unrealized crypto capital gains starting in 2026, as recommended by the Tax Law Council.

Indicators
The probability of the Federal Reserve cutting interest rates by 25BP in November is 93%


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Three major mining companies in the United States invested $2 million to support Bitcoin Voter PAC to place more advertisements to affect the election results 🪙

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🚀 Tesla held onto its $184M in Bitcoin for the fifth straight quarter in Q3 2024, with no sales. Despite a dip in revenue, net income surged to $2.18B. On-chain data suggests Tesla still holds 11,509 BTC.

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Denmark could introduce a 42% unrealized crypto capital gains starting in 2026, as recommended by the Tax Law Council.

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💵U.S. spot Ethereum ETF had a net inflow of $1.26 million yesterday

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🇺🇸 The U.S. National Debt has increased by $473 BILLION over the last three weeks. It now stands at $35.8 TRILLION. Bitcoin solves this.

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Federal Reserve Brown Book: Inflation continues to be moderate, and economic activity in almost all regions has not changed much since the beginning of September 📊

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Presto Analyst: There is a risk of collapse in the Treasury market after the U.S. election, and Bitcoin will benefit from it 📊

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🗞 October 23, 2024 cryptocurrency news highlights

【Cryptocurrency】

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

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

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

The 11.5k Bitcoins transferred by Tesla are likely still owned by the company. The transfer, worth almost $780m, was likely just wallet rotations, as clarified by Arkham Intelligence.

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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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Following the Nigerian government dropping all charges against Binance executive, Tigran Gambatyan is released from the court. He had been detained in the country since February.

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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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Kraken plans to launch its own blockchain, Ink, in early 2025 for decentralized trading, borrowing, and lending.

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CryptoQuant CEO: Bitcoin could be used as currency in 2030

Bitcoin mining difficulty has surged 378% in the past three years, with institutional investment in large-scale mining operations driving it to unprecedented levels. This situation has led to unprecedented mining competition and raised the barriers to entry for individual miners.

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Cryptocurrency trading platform Genius completes US$6 million in financing, led by CMCC Global

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Tesla still owns its Bitcoin and just moved their BTC to new wallets last week, Arkham Intelligence finds 👀

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The probability of the Federal Reserve cutting interest rates by 25BP in November is 93%

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Three major mining companies in the United States invested $2 million to support Bitcoin Voter PAC to place more advertisements to affect the election results 🪙

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Russia is trying to effectively circumvent Western sanctions by using Bitcoin to trade within the BRICS countries 💵

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🟠 Seems everyone is talking about Saylor 👀

Back in March Samson Mow spoke with Peter McCormack and warned of a new #Bitcoin war looming on the horizon.

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The 11.5k Bitcoins transferred by Tesla are likely still owned by the company. The transfer, worth almost $780m, was likely just wallet rotations, as clarified by Arkham Intelligence.

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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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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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