
businessDec 13, 202233:22pending
Dubai: Crypto & Coffee at 8: ๐จ 13th Dec ๐จ ๐๐ฎ๐ป Sam Bankman-Fried aarrested! ๐ฅ Stable coins account for 99% of total crypto market volume ๐ฅ Reddit, users have minted more than 5 Million NFTs
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13th Feb
๐๐ฎ๐ป Sam Bankman-Fried former CEO of FTX arrested! What is going on with Stable Coins?? Federal Reserve Board to announce an interest hike
๐จ U.S. U.S. Department of Justice mentioned via Twitter that the Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. Tweet here https://lnkd.in/d6YAE8yd The New York Times also stated that A statement by the government of the Bahamas said Mr Bankman-Fried was arrested after prosecutors in the United States filed criminal charges. Article here https://lnkd.in/dTyRkrhe The criminal charges against Sam Bankman-Fried included wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, said a person with knowledge of the matter. This move may be a bit strange cause yesterday he was willing to testify in front of the committee.
๐ The U.S. Consumer Price Index (CPI) report is to be released today i.e. the 13th and the interest rate hike announcement on the 14th. The price of Bitcoin has slightly pumped & to one month high. Could we see a dump once the interest rate is announced, or will there be a pump?
How much of a hike will we see?
50 bps ๐บ
75 bps ๐บ
โPrice predictions are 100% right 50% of the timeโ
๐ CoinDesk article states Bitcoinโs dominance rate rose above 41% alongside the price rally, signalling de-risking in the crypto market. Interesting read here https://lnkd.in/d-p4MSut
๐ต Barronโs article swings either ways the article states The Fedโs Rates decision could drive the price of Bitcoin to $18,000 or unleash more selling pressure. https://lnkd.in/dC_nypFi
๐ด Investing.com states Should the interest rate hike by 50 basis points or lower, then the global financial and crypto markets will experience a small to medium relief rally. This could pump the price of Bitcoin & other cryptocurrencies. Article here https://lnkd.in/dRDBinwg
โก Glassnode weekly insights discuss โA Quiet Futureโ The insight states the Bitcoin market has turned very quiet coming into Dec. The short-term realized volatility for BTC is currently at multi-year lows of 22% (1 week), and 28% (2 weeks), making for the lowest volatility regime since Oct 2020.
โก CoinShares weekly blog via Medium states the sentiment is steadily improving for Bitcoin as #BTC saw inflows totalling US$17m Info here https://lnkd.in/dgrJRQ6D Itโs going to be interesting to see how the market reacts after the Fed hike news
๐ NFT
Reddit, Inc. users have minted more than 5 Million NFT Avatars on Polygon Decrypt article states the program is onboarding users into Web3, with more than 4.25 million unique wallets holding the Polygon assets. Great user adoption as the market is currently in turmoil https://lnkd.in/dQTYamwE
๐ฅ Two UAE news: (Slides)
โกDMCC (Dubai Multi Commodities Centre) announces the launch of its gaming centre
โก ReelStar partners with GDA International
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