🪙Bitcoin overnight tried to break its yearly high at around $38,000 before pulling back a bit. Altcoins are active again and many of them are showing double-digit gains
📈Among the growth leaders over the last 24 hours we note: RNDR (+36%), KAS (+28%), AVAX (+26%). Other alts from the top-100 grew within 10-20%.
The SEC has delayed Hashdex's application to convert its existing Bitcoin futures ETF into a spot ETF. The SEC also delayed the application for Grayscale's Ethereum futures ETF. The SEC said it would delay its decision until 2024.#etf
Tether issued $11.6bn of collateralized loans during 2019-2021. 89% of these loans were backed by 450k BTC and 9% by 1.1m ETH as collateral. $8bn of the loans were repaid during that period.
Tether stated that it is winding down its lending operations during 2023, and noted the loans were overcollateralized.
Bloomberg analyst James Seyffart said that the U.S. SEC will make a decision on the Bitcoin spot ETF submitted by Hashdex and Franklin on November 17, and Global X ETF on November 21. SEC will Delayed decision, but he still believes there is a 90% chance that the Bitcoin spot ETF will be approved before January 10, 2024;🎉
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🙃Fake news about BlackRock's ETF on XRP took the owners of the coin on a roller coaster ride.🛝 Nevertheless, XRP is holding in the green zone, which is not the case with other altcoins, many of which started to go into correction.
📉FTT (-14%), HT (-8%), KLAY (-7%) are among the leaders of the decline. 📈Not all assets from the top 100 are falling. BGB is up 13%, FXS is up 11%, MKR is up 9%.
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🔔I will tell you one more reason why you should buy #STR right now:
In addition to being an extremely promising and high-tech project, Starknet is just entering the market. Why is this a good thing? What do you think influences the price growth?
That's right, the price growth is influenced by the events that happen with the project. For Starknet (#STR), there have been no announcements about listings and partnerships yet. The same hyped Arbitrum, Cosmos, Solana and Optimism were also worth little in the beginning, but when events with partnerships and listings started, their prices started to rise
Starknet (#STR) has all the events just ahead and now the project is just at the beginning of its growth.
This week, the US will release CPI and PPI data for October, and the emergency appropriation bill passed in September is set to expire on Friday, putting the US at potential risk of government shutdown.
🟢The number of addresses holding more than $1 million in BTC has increased from 23,795 as of Jan. 1 to 81,925 currently, an increase of 237% over the past 11 months.
📈The complexity of BTC mining increased by 3.55%, setting a new ATH. The index reached the level of 64.68 T. The average hash rate of the network is at 454.84 EH/s.
According to Goldman Sachs, the global economy in 2023 has outperformed its optimistic expectations. The report also adds that:
⚫ Labor market performance has been strong, with unemployment rates falling below pre-pandemic levels ⚫ Inflation has moderated across most economies, with sequential core inflation in a group of high-inflation economies falling from 6% to 3% ⚫ Central banks have made significant progress in bringing inflation back to their targets ⚫ GDP growth is on track to beat consensus forecasts from a year ago by 1pp globally and 2pp in the US