● After Iran launched 200 missiles at Israel, crypto assets saw their biggest drop in nearly a month
Iran launched about 200 ballistic missiles at Israel on Tuesday, causing digital assets to suffer their biggest drop in nearly a month, Bloomberg reported.
BTC fell about 4% in the first two days of October, according to Bloomberg data, in contrast to the average 20% increase in October over the past decade. Some traders had expected BTC to break through its record high of $73,798 set in March.
As the market focuses on the possibility of intensified conflicts, digital assets have recently moved more in line with stocks, indicating that macroeconomic factors such as the Federal Reserve’s monetary policy have a greater impact on BTC.
● Geopolitical tensions may affect the Fed’s rate cut plan
Geopolitical tensions may pose a challenge to the Federal Reserve, according to Jinshi. Julie Biel, market strategist at asset management company Kayne Anderson Rudnick, said that rising oil prices may offset recent progress in inflation and affect consumer confidence. She pointed out that oil prices are a risk that the Federal Reserve cannot control, and the potential price pressure brought about by port strikes may exacerbate Wall Street's concerns about inflation, making it more difficult for the Federal Reserve to cut interest rates significantly.
● The final value of the US S&P Global Manufacturing PMI in September fell to 47.3
According to BlockBeats, the final value of the US S&P Global Manufacturing PMI in September was 47.3, lower than the expected 47 and the previous value of 47. This is the lowest since June 2023.
● US September ISM Manufacturing PMI recorded 47.2, expected 47.5
According to BlockBeats, the US ISM manufacturing PMI in September was 47.2, the biggest drop since May 2023, with an expected value of 47.5 and a previous value of 47.2.
● Bitwise applies for XRP ETF, which may promote institutional investment
According to Cointelegraph, Bitwise submitted an application for an XRP exchange-traded fund (ETF) on the Delaware Department of Corporations website. A Bitwise spokesperson confirmed the application.
The documents show that the Bitwise XRP ETF was registered on September 30, 2024, and the registered agent is CSC Delaware Trust Company in Wilmington, Delaware.
Ripple CEO Brad Garlinghouse has said that an XRP ETF is "inevitable" following the launch of Bitcoin and Ether ETFs in the United States. Approval of an XRP ETF would allow institutional investors to gain exposure to cryptocurrencies through regulated investment vehicles, potentially boosting liquidity and token adoption.
In November 2023, a fake application for "BlackRock iShares XRP Trust" sparked rumors of an XRP ETF, causing the price of XRP to rise by 12%. The application was denied by BlackRock and Delaware prosecutors are investigating the matter.
● Binance completes registration in Argentina, achieving the 20th global regulatory milestone
According to Binance's blog, Binance announced that it has been included in the Virtual Asset Service Provider (VASP) Registry of the Argentine National Securities Commission (CNV), marking Binance's 20th regulatory milestone globally. Binance's registration with CNV highlights the company's commitment to compliance in Argentina and around the world, with the goal of promoting the growth and development of the crypto industry in a safe and sustainable manner. Binance's website and application are now fully open to Argentine users, enabling them to use Binance's full range of services and tools.
“At Binance, we support forward-thinking regulation and believe it is critical to ensure the continued development and safe adoption of the industry,” said Guilherme Nazar, Binance Head of Latin America. “As an industry leader with licenses and registrations in 20 jurisdictions around the world, Binance is committed to the growth of the crypto ecosystem globally and in Argentina, while complying with local regulations.”
He also noted: “Argentina is an important market for Binance. We will continue to work closely with the authorities to develop the industry in the most sustainable and secure way, bringing positive impact to the crypto community and society as a whole.”
It is reported that Binance has also made regulatory progress in India, Kazakhstan and Indonesia recently, and has obtained licenses, registrations or authorizations in Dubai, France, Japan, El Salvador and other countries and regions. This series of measures further consolidates Binance's leading position in the global crypto market.
● Binance: Risk warning for tokens with significant changes in token economic models
According to the Binance announcement, Binance will introduce risk warning banners and pop-up notifications for these tokens on the platform. To trade these tokens marked with major token economic model changes, users will first need to confirm the pop-up notification.
At the same time, Binance will also introduce risk warning banners and pop-up notifications for the following tokens whose token economic models have undergone significant changes in the past 18 months, including: Travala (AVA), Chiliz (CHZ), Enjin Coin (ENJ), IOTA (IOTA), Lisk (LSK), Metal DAO (MTL), Orion (ORN), Self Chain (SLF), Solar (SXP), Vanar Chain (VANRY).
In the future, if there is a significant change in the token economics model or a significant increase in supply of any token listed on Binance, this risk warning banner and pop-up notification will also apply.
According to Odaily Planet Daily, Japan's new Prime Minister Shigeru Ishiba has revealed policies supporting blockchain and NFT, and will appoint Masaaki Taira, the current head of the Liberal Democratic Party's Web3 Working Group, as the government's new Minister of Digital Affairs.
According to official policy documents from Ishiba’s office and CoinPost, Ishiba believes that blockchain and NFTs can help boost regional economies and maximize the value of local products, such as food and tourism experiences. Taira has previously spoken about plans to use NFTs to increase awareness of Japanese intellectual property assets.
According to CoinDesk, Japanese company Metaplanet announced that it had increased its holdings of 107 BTC at an average price of $64,168, with a total value of $6.9 million, with funds coming from a loan from MMXX Ventures. The company currently holds more than 500 BTC as a strategic reserve to hedge against yen fluctuations and Japanese debt. The move has driven the company's stock price up, with a market value-to-holding ratio of 20%. Since it began investing in Bitcoin in April, its stock price has risen by 420%.
Metaplanet added Bitcoin as a strategic reserve asset in May and made its first purchase of 117.7 BTC in April, worth $7.19 million at the time.
According to Bitcoin Treasuries data, Metaplanet is now the largest Bitcoin holder among Asian listed companies after Hong Kong Meitu, with an average purchase price of US$64,931.
