EddieJayonCrypto

 10 Oct 24

tl;dr

• Fed uncertainty and upcoming U.S. elections create Bitcoin market volatility, with potential post-election price surges influenced by future rate cuts and FOMC decisions.• U.S. federal prosecutors charge multiple cryptocurrency firms and individuals with market manipulation, uncovering fraudulent ...

• Fed uncertainty and upcoming U.S. elections create Bitcoin market volatility, with potential post-election price surges influenced by future rate cuts and FOMC decisions.
• U.S. federal prosecutors charge multiple cryptocurrency firms and individuals with market manipulation, uncovering fraudulent activities through an FBI sting operation.
• Taiwan's FSC to introduce crypto custody services in local banks by 2025, allowing professional traders to invest in foreign crypto ETFs while strengthening anti-money laundering practices.
• Ripple’s RLUSD integration is undergoing a code review, with warnings issued about potential scams as the stablecoin remains in private beta testing.
• Thai SEC proposes new regulations for mutual and private funds to invest in digital assets, seeking public feedback to allow more institutional investment in cryptocurrencies.
• South Korea’s FSC investigation into Upbit raises concerns of a potential market crash, leading to fears of selling pressure and downturns in Bitcoin and Ethereum prices.
• Chinese government’s plan to sell 542,000 ETH from the PlusToken scam sparks Ethereum price decline, with analysts predicting further selling pressure and price drops below $2,000.
• Stripe reinstates support for cryptocurrency payments with USDC, allowing businesses in over 150 countries to accept crypto, converting it to fiat currency through their Stripe accounts.

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