OPEC

✅ Wednesday News:

✔️ Media: Bitwise has filed an application for a spot XRP ETF.

✔️ Saudi Arabia's oil minister threatened a price of $50 per barrel if OPEC+ members don't stop violating production limitation agreements.

✔️ A trader turned $368 into $2 million in 3 days by trading the meme token HIPPO.

✔️ Crypto exchange Kraken will stop trading the anonymous cryptocurrency Monero in Europe.

✔️ September was the worst month for BTC miners' revenue this year, totaling $815.7 million.

✔️ Google is working on creating AI that can think like a human 🧠.

✔️ Research: In Q3, hackers stole $753 million worth of cryptocurrency.

#Google #Monero #XRPETF's #opec #news

✅ Trump and Harris will debate tonight; grab your popcorn 🍿

Tuesday News:

✔️ In 2023, Americans lost $5.6 billion to crypto scams, according to FBI data.

✔️ OPEC has lowered its forecast for global oil demand growth for 2024.

✔️ Since the beginning of 2024, the SEC has fined crypto companies $4.7 billion; the largest fine of $4.47 billion was imposed on Terraform Labs.

✔️ Standard Chartered Bank is starting to offer cryptocurrency custody services in the UAE.

✔️ Research: Trading volumes on CEX exchanges increased by 30% in August.

✔️ More frozen USDT: Tether and TRON have formed an alliance to combat financial crimes involving USDT 🥶.

✔️ On September 16, Ether fi and Scroll will launch the Visa Cash crypto credit card.
#Tether #sec #opec #TerraformLabs #Trump

📈 WEEK OF TESTS FOR MARKETS: WHERE WILL DATA AND OPEC LEAD? 📉

Monday, February 3:
- First OPEC meeting in 2025 — we are waiting for signals on oil production quotas. Price spikes on Brent and WTI are possible.
- ISM PMI (manufacturing) — the index will show whether the US economy is slowing down. A value below 50 points — a red flag!

Tuesday, February 4:
- JOLTS (job openings) — indicator of labor market overheating. If the numbers are above forecast, the Fed may maintain a tight rate.

Wednesday, February 5:
- ADP employment — preview to Friday's NFP. An increase in jobs will strengthen the dollar.

Friday, February 7:
- January employment report (NFP) — the main trigger for stock and crypto markets. Forecast: +180K new jobs.
- Reporting from 20% of S&P 500 companies — Tesla, Meta, Amazon under scrutiny. Volatility is guaranteed!

Advice to investors:
- Oil: Long on growth if OPEC cuts production.
- Stocks: Lock in profits before NFP.
- Crypto: $BTC and $ETH may drop on strong employment data — prepare for a correction.

Question: Will the markets recover by Valentine's Day? 💣

#marketcrash #OPEC #NFP #SP500 #EconomicAlert