Some Major news
- The Treasury Department is planning to designate crypto mixers as money- laundering hubs, citing Hamas’ use of them
- Letitia James, New York's attorney general, filed a lawsuit against Genesis, Gemini, and Digital Currency Group for defrauding investors out of more than $1 billion
- Elon Musk's wealth declined by $24 billion as Tesla's stock dropped around 9% on Thursday morning. This was triggered by a disappointing third-quarter report, Musk expressing pessimism about the global economy.
- SEC dropped lawsuit against Ripple execs
- BlackRock Says Operations of Centralized Exchanges Are Unregulated and Lacks Transparency, In It’s New ETF Filing
- Grayscale on Thursday morning submitted an S-3 filing, a shortened version of the typical S-1 filing used to offer new shares to SEC in attempt for spot bitcoin ETF approval following pivotal court ruling
- The worldwide Google search value for the phrase "spot bitcoin ETF" for a five-year window is on track to hit the peak value of 100 this week, indicating maximum interest among the general population
- JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday that they expect spot bitcoin ETF approvals to come 'within months'
- Acccording to S&P Global Ratings, CHINA’S regional banks could incur a capital hit of 2.2 trillion yuan ($416 billion) from a growing debt crisis in the nation’s local governments.
- The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still comfortably in first place, with more than an 80% share in these payments.
- Speaking on Tesla's Q3 earnings call on Wednesday, Elon Musk said "We dug our own grave with the Cybertruck," speaking on Cybertruck's unique design has made scaling up production a challenge. Also noting it will be some time before the Cybertruck is cash flow positive.
