11.10.2024 CRYTPO AND FOREX DEVELOPMENTS

💫In the last 24-hour period, $ 197 million was liquidated from the cryptocurrency market, while more than 58 thousand cryptocurrency investors were affected by this situation.

While 74.81% of the liquidated positions were long positions, the most liquidation took place in Bitcoin (BTC).

Justin Sun, founder of Tron, one of the leading names in the cryptocurrency world, was elected as the prime minister of the cryptocurrency-focused microstate Liberland. Liberland, which is located between Croatia and Serbia and defines itself as a “micro-state”, reportedly announced Sun’s assumption of the presidential role.

💫Uniswap launched a new layer-2 solution called Unichain.
UNI token increased by over 20%.
Unichain reduces block creation times to 200-250ms.

Walla news website reported that Netanyahu and Biden discussed Israel’s possible retaliation against Iran in a phone call on October 9.

The report, citing unnamed Israeli and US officials, claimed that the meeting between Netanyahu and Biden “largely resolved” differences between Washington and Tel Aviv on the nature and scope of Israel’s potential attack on Iran.

Although the differences were largely resolved, it was argued that Israel’s possible retaliatory strike plan was “slightly more aggressive” than the Washington administration wanted.

The report also stated that the Israeli Security Cabinet, which met last night, is expected to give Netanyahu and Defense Minister Yoav Gallant the authority to determine the timing of the attack on Iran.

Israel wants to attack the oil fields, but the US does not want this because it would increase inflation in the US.

💫 I think these companies will soon open their own stock exchanges one after the other…

After BlackRock, Fidelity Started Preparations! New Blockchain Based Money Market Fund is Coming!

The US Securities and Exchange Commission (SEC) has charged crypto market maker Cumberland DRW as an unregistered securities dealer.
In the lawsuit filed on Thursday, Cumberland allegedly “bought and sold” cryptocurrencies sold as unregistered securities.

💥💥On October 10, spot Bitcoin ETF outflows totaled $120.76 million, with the largest outflows coming from Blackrock, Fidelity and Grayscale ETFs.
Spot Ethereum ETFs saw net inflows of $3.06 million on the same date.

This Time the Roles Changed! Giant Cryptocurrency Exchange Files XRP Lawsuit Against SEC!
Bitnomial sued the SEC, challenging the classification of XRP futures as securities.

Bybit announced that it will list #CATS in futures

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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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