05.10.2024 CRYTPO AND FOREX DEVELOPMENTS

💫Bitcoin is trading at $62,111, up 1.2% at the time of writing, and at 2,193,470 TL against the Turkish lira.
Ethereum (ETH) up 2%

💫The dollar index (DXY) is hovering at 101.91.
Bitcoin’s market capitalization is around $ 1.22 trillion, while the total value of the cryptocurrency market is around $ 2.27 trillion.
The 24-hour cryptocurrency market volume is hovering around $ 119 billion.

💫Dolar/TL is at 34.22 with an increase of 0.42%, while the Euro/TL pair is at 37.8 with an increase of 0.26%.

💫In the last 24-hour period, $ 192 million was liquidated from the cryptocurrency market, while more than 73 thousand cryptocurrency investors were affected.
While 74.25% of the liquidated positions were long positions, the most liquidation took place in Bitcoin (BTC).

💥Octo2 malware targets mobile devices.
Hackers are silently emptying bank accounts.
Users should be wary of fake apps

💥Coinbase will remove all stablecoins that do not comply with the European Union’s MiCA regulations from the exchange by the end of 2024.

MiCA requires stablecoin issuers to have e-money authorization in at least one EU member state.

The new rules for exchanges will come into effect on December 31st, which could affect tokens like Tether’s USDT.

💥Brazil is testing DeFi components in the Drex CBDC pilot, focusing on decentralization, privacy and programmability.

The second phase, which will last until 2025, covers interbank digital asset transactions and tokenization.

💥Binance’s market share fell to a 4-year low in September, while its trading volume fell by more than 20% month-on-month, indicating its declining dominance in the cryptocurrency market.

💥A bet on Polymarket suggests that Len Sassaman may be identified as Satoshi Nakamoto in HBO’s upcoming documentary.

Sassaman, who died in 2011, was known for his strong cryptography background and focus on privacy and decentralization.

His death, which coincided with Satoshi’s disappearance from the BTCTalk public forum, fueled speculation that he could be the creator of Bitcoin.

💫The Bitcoin whale moved $3.6 million worth of BTC before the Satoshi documentary.
Institutional investors buy about 7,000 BTC daily.
51% of Polymarket users believe the documentary will show Sassaman as Satoshi.

💥Preferring solana over ethereum
Sygnum Bank said:

“Visa recently integrated Solana for USD Coin payments. Visa chose Solana because of its high efficiency and low cost.

Trillion-dollar asset manager Franklin Templeton has also announced plans to set up an investment fund on Solana.

Citi also stated that it was evaluating Solana for cross-border payments.”

Solana Outperforms Ethereum!

PeckShield announced that EigenLayer (#EIGEN) suffered a $5.87 million hack attack.

-The attacker exchanged the stolen EIGEN tokens for USDC. Most of the stolen funds were transferred to the HitBTC exchange, while $5K USDC was sent to the Kraken exchange.

💥Bitcoin Core version 28.0 was released with important updates.
The updates improve security and privacy features.

💥On October 4th, spot Bitcoin ETFs saw inflows of $25 million. Spot Ethereum ETFs saw inflows of $7 million

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cryptoANDforex

cryptoANDforex

is a writer and content creator known for their expertise in the fields of cryptocurrency and forex trading. They produce informative articles, guides, and analysis that help both novice and experienced traders understand market trends, trading strategies, and investment opportunities.

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