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Money & Crypto News

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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Tesla has transferred over $225m of Bitcoin to new wallets, marking its first transfer in two years.😱

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$800 billion Standard Chartered says Bitcoin could hit a new ATH before the US election 🚀

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Coinbase Escalates SEC Fight Over the Agency's Inside Chatter on ETH 💢

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Brian Moynihan says BofA anticipates up to two more rate cuts this year, projecting a terminal rate of around 3% by the end of 2025 🏦

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🗞 October 15, 2024 cryptocurrency news highlights

【Cryptocurrency】
Solana's TVL surpasses $6 billion, marking its highest level since January 2022 🔝

The total open interest of BTC contracts on the entire network exceeds 37 billion US dollars, with a 24-hour increase of 7.21%📣

Monochrome Asset Management has launched Australia’s first exchange-traded fund (ETF) that directly holds Ether, with assets under management reaching $176,600 🔈

Ripple has launched RLUSD, a stablecoin pegged to the U.S. dollar, aiming to disrupt the market dominated by Tether (USDT) and USD Coin (USDC) 🪙

Economy
Shares in Metaplanet rallied 15.7% on Oct. 15 after the Japanese investment firm announced its latest purchase of almost 107 Bitcoin 💸

Indicators
If Bitcoin keeps tracking global M2 money supply, it could hit $90K by year-end ↗️

More
Kamala Harris to Back Crypto Reg Framework in Speech Today, Campaign Says

Israel will avoid attacking Iran's energy and nuclear facilities, international oil prices plummet🔽

Argentina ruled that smart contracts are now considered legal contracts, allowing their implementation in rental agreements, purchase payments, and other agreements enforceable by law 🇦🇷

Do Kwon, founder of Terraform Labs, allegedly conducted cryptocurrency transactions using his electronic devices while detained in Spuž prison in Montenegro 🖥

Coinbase requests the court to make a ruling and require the SEC to provide cryptocurrency securities regulatory documents 🖇

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Ripple has launched RLUSD, a stablecoin pegged to the U.S. dollar, aiming to disrupt the market dominated by Tether (USDT) and USD Coin (USDC) 🪙

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Montenegrin media ETV reported that Do Kwon, founder of Terraform Labs, allegedly conducted cryptocurrency transactions using his electronic devices while detained in Spuž prison in Montenegro 🖥

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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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NEW: 🟠 Halving progress 12% 👀

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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 👀

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"Bitcoin is a $100 trillion idea, MicroStrategy is the biggest story in corporate finance, non-bitcoin crypto is a sideshow."🤕

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Adam Back's company Blockstream raises $210 MILLION to buy more Bitcoin for its treasury and fund its other initiatives 🪙

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A whale transferred about $35.5 million worth of BTC to a suspected market maker or trading company address in the past week 🐳

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🖇 Coinbase requests the court to make a ruling and require the SEC to provide cryptocurrency securities regulatory documents

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“Bitcoin is repricing this house to its utility value. I can make a choice any time to be able to use my Bitcoin to be able to price my house. If I price it today, what I'm really paying for is a way overpriced house, because people see it as a store of value and it's a really bad store of value compared to Bitcoin.” 🪙

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Cryptoquant data shows Bitcoin open interest hit a new all-time high at $19.8bn, indicating a growing influx of liquidity and increased attention to the crypto space 📊

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