🚨Unfiltered Crypto Insights 03rd Oct 🚨 Live with RA George (Blockchain DXB) and Markose Chentittha (Society X) : Live via LinkedIn at 10:00 AM GST
Blockchain DXB
Shownotes Transcript
Hosts:
RA George (Blockchain DXB)
Markose Chentittha (Society X)
Date:
Recorded live on LinkedIn, October 3rd, 2024, 10:00 am GST
Global economic instability leading to market volatility.
Impact of geopolitical events on cryptocurrency and blockchain markets.
Recent conversations on Unfiltered Chat predicted a potential market dump this week.
The latest data presents a "best of the worst" scenario.
Focus on the Federal Reserve’s recent FOMC meeting, with a 50 BPS increase in interest rates.
Analysis of job reports and job openings, with a notable 1.3 million decrease in job openings over the past year. Source: BLS News)
Fed Chair states that inflation is under control, reducing the risk of recession.
Potential pump in the market after the upcoming CPI numbers release on October 10th, 2024, at 08:30 am EST.
Stablecoins being used as a safe haven due to ongoing market volatility.
Circle's USDC is seeing stronger volume than Tether (USDT).
A closer look at the volume trends in stablecoins this week.
Monero (XMR) delisted from Kraken due to regulatory hurdles, resulting in a 7% price drop.
Could this set a precedent for other exchanges?
Tornado Cash case update: The judge rejected motions for discovery and dismissal. The case reinforces that while code can be considered speech, its unlawful use can still result in legal consequences.
Bitwise XRP ETF: Low likelihood of approval.
Solana ETF: Also faces minimal chances of being approved.
BlackRock’s stance: Larry Fink and Samara Cohen focus on Bitcoin & Ethereum ETFs, expressing little interest in other cryptocurrencies.
NFT market continues to decline since 2021.
A notable Cryptopunk NFT sold for over 90% less than its peak value.
Question for listeners: How much do you think the first Bitcoin transaction could be sold as an NFT? (Should Hal Finney's wife get it?)
General downturn in the cryptocurrency market this week.
Ethereum market cap dips below $300 billion once again.
DeFi volumes remain low, while stablecoin volumes, particularly USDC, are on the rise.
Upcoming CPI numbers on October 10th could signal a market shift.
Ripple DFSRA and VARA's marketing regulations update in the UAE.
Bitcoin MENA discussion: A potential king of the crypto space in the region? How does it compare to GITEX?
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