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Money & Crypto News

🪙 Staked Ether Is Creating a Benchmark for the Crypto Economy, Says ARK Invest

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FACT: 🪙 Bitcoin is the 6th largest monetary asset in the world 🌎

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ECB official: A rate cut in December is very likely ✂️

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🟠 Michael Saylor explains why he thinks Bitcoin is going to be 7% of the worlds capital and his long term forecast price at over $13M over 21 years 🚀

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The Russian Central Bank expects the first international cryptocurrency payments to take place by the end of 2024.

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Polymarket predicts that the probability of Bitcoin hitting $70,000 this month rises to 64%

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Yesterday, the US Bitcoin ETF had a net inflow of $452 million and the U.S. Ethereum ETF had a net inflow of $24.21 million🕯

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🇮🇹 Italy's Deputy Finance Minister Maurizio Leo announcing their plan to increase capital gains on Bitcoin from 26% to 42% because "the phenomenon is spreading." 🤡

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⚠️ Metaplanet has executed a roll-up of 223 contracts of $62,000 put options to $66,000 expiring 12/27/24, generating an additional 5.90 🪙 BTC in option premium, recognized as revenue

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History Suggests Crypto’s Bullish Momentum Should Continue Into the U.S. Election and Afterwards 🐂

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🪙A Bitcoin address that has been silent for more than 13 years has been activated, containing 150 BTC

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Italy is reportedly planning to increase the capital gains tax on cryptocurrencies like Bitcoin from 26% to 42%.

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JPMorgan has turned bullish on the crypto market for 2025, citing factors like Donald Trump's potential return to the presidency, which could support Bitcoin through regulatory changes.

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Japanese listed company Metaplanet Inc. announced an option roll-up operation, earning 5.9 BTC🇯🇵

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Yesterday, the net inflow of US spot Bitcoin ETF exceeded US$371 million and the U.S. spot Ethereum ETF had a net outflow of $12.7 million🕯

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SAYLOR: MicroStrategy "beat every single company in the S&P index using Bitcoin strategy." 🪙

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👮‍♂️ FBI Arrests Alleged SEC Hacker Linked to Fake Tweet Saying Bitcoin ETFs Were Approved

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🗞 October 17, 2024 cryptocurrency news highlights

【Cryptocurrency】
The Russian Central Bank expects the first international cryptocurrency payments to take place by the end of 2024.

Economy
Thailand's oldest bank, the Siam Commercial Bank (SCB), is now the first Thai bank to adopt stablecoins for cross-border payments after partnering with fintech company Lightnet.

Indicators
🇮🇹 Italy's Deputy Finance Minister Maurizio Leo announcing their plan to increase capital gains on Bitcoin from 26% to 42% because "the phenomenon is spreading." 🤡

Ethereum on-chain activity slows, staker income drops 30% from March peak🔽📉

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History Suggests Crypto’s Bullish Momentum Should Continue Into the U.S. Election and Afterwards 🐂

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🇮🇹 Italy's Deputy Finance Minister Maurizio Leo announcing their plan to increase capital gains on Bitcoin from 26% to 42% because "the phenomenon is spreading." 🤡

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Money & Crypto News

Thailand's oldest bank, the Siam Commercial Bank (SCB), is now the first Thai bank to adopt stablecoins for cross-border payments after partnering with fintech company Lightnet.

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The Bitcoin Volatility Index rose to 60.87 yesterday, a single-day increase of 0.2%

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The total open interest of Bitcoin contracts on the entire network exceeded US$39 billion, setting a new record high🔼‼️

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Ethereum on-chain activity slows, staker income drops 30% from March peak🔽📉

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💵USDT has crossed 330 million on-chain wallets, with Q3 2024 welcoming 36.25 million users.

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🕯 Crypto Usage Setting Records Amid Regulatory Uncertainty, A16z Says in Report

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🗞 October 16, 2024 cryptocurrency news highlights

【Cryptocurrency】
JPMorgan has turned bullish on the crypto market for 2025, citing factors like Donald Trump's potential return to the presidency, which could support Bitcoin through regulatory changes.

Italy is reportedly planning to increase the capital gains tax on cryptocurrencies like Bitcoin from 26% to 42%.

Economy
Standard Chartered: Bitcoin has 12% upside potential before US election

Indicators
Bitcoin's market share hit 58.79% this morning, setting a new high since this bull market.💰

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🇺🇸 Pro-Bitcoin Donald Trump takes biggest lead in the election so far, up by 14.2% in the odds according to Polymarket 👀

According to Polymarket, Trump's chances of winning the election have risen to 58.1%, far ahead of Harris

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Solana Ecosystem Meme Coin Kheowzoo Market Value Exceeds $12 Million, Up 86% in 24 Hours

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Standard Chartered: Bitcoin has 12% upside potential before US election

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According to Polymarket, Trump's chances of winning the election have risen to 58.1%, far ahead of Harris

According to the forecast market Polymarket data, Trump's chances of winning the election have risen to 58.1%, exceeding Harris by 16.5 percentage points.

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Bitcoin's market share hit 58.79% this morning, setting a new high since this bull market.💰

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