Dubai: Crypto & Coffee at 8: 🚨 11th Oct 🚨 🚫 Inflation numbers on the 13th & Crypto moving sideways in Oct 🚓🚔 Dubai Police HQ release their ‘Ghiath’ luxury smart patrols as NFTs at GITEX GLOBAL
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11th Oct 🚫 Inflation numbers will be out on the 13th of October. The Bureau of Labor Statistics will issue its September report on producer prices or wholesale inflation & more tomorrow & the day after inflation numbers will be out. See information here https://www.bls.gov/cpi/ Detailed schedule for CPI (Consumer Price Index) for the rest of the year can be found here https://bit.ly/3fLWSIA

🙋🏼‍♂️ What is your prediction for inflation numbers? ❓ How will it affect the crypto market? ❓ Will the Midterm elections have an impact on CPI data?

➡️⬅️ Sideways The final quarter of 2022 & the global crypto market is moving sideways. Stablecoins still account for 94% of the global crypto market (See slides 1 & 2 below)

🚨CoinDesk article states that Bitcoin & Ethereum traded flat ahead of the Inflation Report. FOMC is widely expected to raise the interest rate a hefty 75 basis points for a fourth consecutive time. Article here https://bit.ly/3EELjgC How will the market react after the announcement?

💥 Bitcoin Magazine has an excellent article exploring how right-wing politicians/Republicans are in favour of Bitcoin, Freedom & Opensource technology. The article explains that A South Carolina delegation made up of a diverse group of business leaders, rural health officials and individuals interested in the expansion of bitcoin, including State Treasurer Curtis Loftis Jr, who recently returned from an exploratory trip to El Salvador, the first country in the world to adopt bitcoin as legal tender. Great article here https://bit.ly/3ErrKsi Some interesting & positive comments in the article from Dennis Fassuliotis South Carolina Emerging Technology Association (SCETA)

💥 Ethereum news 💡 Decrypt has reported that the European Commission plans to study real-time monitoring of DeFi Activity on #ethereum Official info on the study is here https://bit.ly/3ejzQbF The study focuses on Legal, economic, financial and technical information. The time limit for receipt of tenders or requests to participate is 1st Dec 2022 According to the article, the idea is “to develop, deploy and test a technological solution for embedded supervision of decentralized finance (DeFi) activity. Article here https://bit.ly/3rNGGJL, Circle Director of EU Policy feels this is s good move & could be quite impactful, His tweet here https://bit.ly/3yxPk2S

✅ Ethereum Marks Highest Growth Day In 2022 Ethereum has marked another milestone following the upgrade, with the largest single growth day recorded so far in 2022. Ethereum saw a surge of new addresses created Saturday, with 135,780 new $ETH addresses popping up on the network. This is 11.1% more network growth than the next highest of 2022 (Jan 3rd). Via NEWSBTC https://bit.ly/3TeqAUX

🚨 Two UAE news: (see slide below)

🚓🚔 Dubai Police HQ release their ‘Ghiath’ luxury smart patrols as NFTs at GITEX GLOBAL

🗣️ UAE: Hub71 start-up GLEAC launches the world’s first utility NFT ‘Lovely Humans’

For slides click here: https://bit.ly/3rN57ai

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