Dubai: Crypto & Coffee at 8: 🚨 18th Oct 🚨 👀 FTX, CEO Sam Bankman-Fried is Under Investigation for potential securities violations 🔥War Circle USDC 🆚 Binance BUSD 💥 Midterm election Nov 8th
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18th Oct 💥 Midterm election Nov 8th, will the crypto market dump? Circle USDC 🆚 Binance BUSD 👀 FTX, CEO Sam Bankman-Fried is Under Investigation by Texas Regulators for potential securities violations

🚨 Historically Oct has been relatively a better month for Crypto, 2022 seems like an exception. With inflation numbers on the rise & left-wing politicians and media in charge, how will Bitcoin & Cryptocurrency react to the Mid-term elections? In an idealistic world, Bitcoin should be Apolitical but it may take a couple of decades for the separation of money and the state. Cointelegraph has an article that talks about the Post-midterm elections dump. B& Post-midterm elections dump? Post-midterm elections dump? All price predictions are 100% right, 50% of the time. Article here https://bit.ly/3VzyeeN

Some Tech info 💡Glassnode weekly insights discuss some key points on volatility & the insights claim Futures open interest has hit new all-time highs, and despite liquidations being at all-time lows & the Bitcoin, the market is primed for volatility, with both realized and options implied volatility falling to historical lows. https://bit.ly/3CJIo41

💡CoinShares weekly blog via Medium that there is persistent apathy amongst Investors with minor inflows of US$12m. Could this be because of inflation numbers that were released last week https://bit.ly/3MLatfS

🔥 Stable Coin War The volume of Stablecoins has been ridiculously low since the 2nd quarter of this year & since 2 months

• Circle USDC 👇🏻
• Binance USD 👆🏻

🚨 USDC’s market cap sheds close to $4B in less than 20 Days, & Binance’s USD Climbs 3% Bitcoin.com has reported that more than $10 billion worth of the Stablecoins USDC has been erased from the project’s market capitalization since July 7, 2022. Article here https://bit.ly/3SalgBk confirms Binance-backed stablecoin captures double the trade volume USDC commands. We at Blockchain DXB have been covering Stable coin volumes on a daily basis at the Crypto & Coffee at 8 podcasts. See slides No1 & 2 below for a detailed breakdown of Stablecoins, Defi, Market share, Dominance & more

😡 FTX CEO Sam Bankman-Fried is being investigated by Texas regulators over potential securities violations. Official filings here https://bit.ly/3EQ2xYH According to Decrypt article Regulators are probing whether yield-bearing accounts offered by FTX US should be considered unregistered securities, as described in a filing related to the bankruptcy proceedings of Voyager Digital. Interesting comments by Jason Rotunda, director of enforcement for the Texas State Securities Board. & FTX spokesperson

🎙️ Check out our podcast where we explain this in detail

💥 Two UAE news: (See slides for more info) ⚡ Future Innovation Summit 19th -20th Oct (The largest conference in the region) ⚡ Sensorium Registers UAE Branch as Dubai Becomes a Hub for Metaverse Companies

For slides click here:https://bit.ly/3Txm8AO

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