● Fed keeps interest rates unchanged
According to King Ten reports, the Federal Reserve kept its benchmark interest rate unchanged at a range of 5.25%-5.50%, in line with market expectations.
● The Fed adds the word “financial” to its risk paragraph, which may delay interest rate hikes
According to Golden Ten, the Fed added the word "financial" to the risk paragraph, recognizing a sharp rise in long-term interest rates. If the 10-year Treasury yield remains at current levels, a rate hike could be delayed until next year. This should support the dollar as it will keep the possibility of a rate hike open but adds some uncertainty as to whether a rate hike will occur in December.
● The Fed is moving toward greater predictability and market stability
According to Jinshi, Greg Friedman, CEO of Peachtree Group, said that the Fed's statement marks a major step forward in establishing greater predictability, promoting market stability and reducing market volatility. A more stable interest rate environment will pave the way for price discovery, normalization and value reset in the commercial real estate industry.
● The total amount of token unlocking in November reached 450 million US dollars, and Aptos, Avalanche and Hashflow will usher in large unlocking
According to Foresight News, the total amount of token unlocking in November is 450 million US dollars. Aptos, Avalanche and Hashflow will usher in large-scale unlocking, unlocking more than 320 million US dollars of tokens.
Aptos will unlock 24.8 million APT tokens on November 12, worth about $172.9 million; Avalanche will unlock 9.5 million AVAX tokens on November 24, worth $106.9 million; Hashflow will unlock 160.4 million HFT tokens on November 7, worth about $41.3 million. In addition, other notable unlocked tokens in November include Optimism ($33.3 million), ApeCoin ($20.8 million), and Sui ($15.5 million).
● Musk: X will launch payment function by the end of next year at the latest
According to a full transcript of an internal X meeting held by Elon Musk on October 26, published by The Verge, Musk told employees that X is becoming "a single app for everything" and that for X to succeed, the platform needs to compete with YouTube, LinkedIn, FaceTime, dating apps, and the entire banking industry.
During the meeting, Musk revealed a series of new features and plans that X will launch: X will launch a live video feature next quarter, which is very important for sports events, politics and other activities; X's creator program has paid more than 20 million US dollars to creators since its launch, and this number is expected to increase significantly; X will be able to make payments, and in fact the feature is just waiting for all approvals, hoping to get approval in the next few months, and plans to launch it by the end of next year at the latest; X's recruitment feature X Hiring is essentially a bit like a competitor to LinkedIn.
● Türkiye is preparing new legislation covering crypto assets
Turkey is preparing new legislation covering crypto assets in an effort to convince international crime regulators to remove it from a “grey list” of countries that have not taken adequate action to prevent money laundering and terrorism financing, according to Reuters. The Financial Action Task Force (FATF) downgraded Turkey to the so-called grey list in 2021.
Speaking to a parliamentary committee late on Tuesday, Finance Minister Mehmet Simsek said a FATF report found that Turkey fully complies with the regulator's 40 standards and the only remaining issue within the scope of technical compliance is work related to crypto assets. "We will submit a proposal for a law on crypto assets to parliament as soon as possible. After that, if there are no other political considerations, there will be no reason for Turkey to remain on the grey list." Simsek did not provide further details of the planned legal changes at this time.
● In October 2023, the amount of financing in the crypto field dropped by 63% year-on-year, hitting a new low in the past four years
According to BlockBeats, Rootdate data shows that in October 2023, there were 75 financings in the crypto field, with a total financing amount of approximately US$426 million, which was the lowest financing amount in the past four years, a year-on-year decrease of 63%. In October last year, there were 135 financings in the crypto field, with a total financing amount of approximately US$1.157 billion.
