EddieJayonCrypto

 14 Oct 24

tl;dr

• OKX introduces six new USDC trading pairs as stablecoins face potential losses due to Federal Reserve rate cuts.• Chinese authorities prepare to sell $1.3 billion of Ethereum seized from the PlusToken scam, causing market concerns over Ethereum’s price stability.• Investors flood $6.47 trillion in...

• OKX introduces six new USDC trading pairs as stablecoins face potential losses due to Federal Reserve rate cuts.
• Chinese authorities prepare to sell $1.3 billion of Ethereum seized from the PlusToken scam, causing market concerns over Ethereum’s price stability.
• Investors flood $6.47 trillion into money market funds seeking higher yields amidst Federal Reserve rate changes.
• Bitcoin transaction fees surge 32% as Runes transactions dominate the blockchain, increasing blockspace demand.
• Scroll faces backlash over its Binance partnership for distributing SCR tokens, with co-founder defending the move as a strategic growth initiative.
• Monochrome to launch Australia’s first Ethereum ETF on Cboe Australia with in-kind subscriptions, offering tax-efficient access to Ether investments.
• Bitcoin reaches a 7-day high following China's economic stimulus announcement, signaling optimism amid economic shifts.
• Ethena’s proposal to back USDe with Solana triggers a 17% ENA price surge, enhancing the platform's liquidity and scaling potential.
• Grayscale reviews 35 altcoins for Q4 2024 inclusion, reflecting growing interest in diverse crypto sectors such as AI and prediction markets.
• Bitcoin remains steady above $63,900, with key U.S. economic events likely to influence cryptocurrency markets.
• RBI Governor promotes India’s Digital Rupee for cross-border payments while warning of AI risks in the financial sector.
• Germany's Samara AG plans to match MicroStrategy's Bitcoin holdings, fueling market optimism and predictions of an "Uptober" rally.
• Galaxy Digital buys nearly 500 BTC but sells 7,000 ETH, generating mixed reactions in the crypto market.

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