Here is a Summary of Crypto News in 24 Hours! ✨

1. Development and Regulation in Indonesia:

Prospective Crypto Asset Physical Traders (CPFAK) show their readiness to become Crypto Asset Physical Traders (PFAK). A total of 22 entities have complied with the regulations to become members of the crypto asset futures exchange and crypto asset clearing institution, indicating real steps in the regulation and operation of crypto assets in Indonesia.

2. Market Predictions and Trends:

Predictions for November 2024 show that Bitcoin may reach a new record, fueled by ETFs and yield farming. The meme coin trend is increasing, and political narrative-based tokens may surge temporarily.

3. Political Campaigns and Crypto:

In the US presidential election, crypto issues are in the spotlight, especially with Trump's Bitcoin program, showing that crypto is increasingly recognized in the political arena.

4. New Products and Education:

PintuID focuses on crypto and blockchain education, showing an increasing interest in crypto literacy among users.

turbo is now available on Pintu, offering new investment opportunities.

5. Economic and Crypto Dynamics:

There is an expectation that US economic data, such as PCE and jobless claims, could influence the crypto market. If the data shows weakness, this could be bullish for crypto as the Fed is likely to hold off on raising interest rates.

6. Innovation in Crypto Transactions:

The introduction of the Crypto Card that makes it easy to transact using crypto but paid in Rupiah, shows innovation in the daily use of crypto.

7. Market Activity:

Despite the stable Bitcoin price, there was strong activity in Bitcoin ETFs with significant net inflows, indicating growing institutional interest.

8. FBI and AI Tokens:

The FBI introduced tokens linked to AI-based funds, drawing attention due to the potential for manipulation of trading volumes by scammers, indicating intervention or investigation into illegal activities in crypto.