🗞 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." 🙌

✅@Money ⭐️Boosts

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.

✅@Money ⭐️Boosts