🗞 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.

【More】
Gary Gensler is nearing the end of his tenure, which could conclude depending on the 2024 presidential 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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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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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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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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The probability of the Federal Reserve cutting interest rates by 25BP in November is 93%

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

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

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

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

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🗞 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%


【More】
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 🪙

✅@Money ⭐️Boosts

The Pennsylvania House of Representatives passed a bipartisan bill to provide regulatory clarity for digital assets 🪙

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An old wallet from 2011 just moved $10 million worth of Bitcoin! Hodled all the way from $16 to $67,000 😨

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Moonwalk, an encrypted fitness application, announced the completion of $3.4 million in financing. This round of financing was led by Hack VC, with Binance Labs, Reciprocal Ventures and Raj Gokal, co-founder of Solana 🔈

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🌎 Circle CEO: Stablecoins may account for 5%-10% of the global money supply in the next decade

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