#BinancePick 🔴 Russia to make Bitcoin, Ethereum, and USDT available to retail investors starting November 17
❌ Russia has officially approved retail investors’ access to Bitcoin, Ethereum, and USDT through licensed intermediaries starting November 17.
🏦 Non-qualified investors will be subject to an annual purchase limit of 300,000 rubles (approximately $3,700) per intermediary.
🌐 Under this decision, cryptocurrencies are becoming more deeply integrated into Russia’s regulated financial system, but within strict frameworks and restrictions under the supervision of the central bank.
⬅️ Market impact: The decision boosts the legitimate, regulated adoption of cryptocurrencies in Russia, which may have a positive effect on the market. However, the low annual purchase limit restricts the volume of new liquidity inflows. #BitcoinFiveWeeklyLosses
#BinancePick 🔴 The European Union establishes a task force to combat sanctions evasion through cryptocurrencies
🏦 The EU has established a dedicated task force to enforce and monitor sanctions.
🪙 The task force aims to counter Russian efforts to circumvent international sanctions using cryptocurrencies.
⬅️ Market impact: Tighter regulatory scrutiny and sanctions enforcement in the EU could place additional regulatory pressure on the cryptocurrency market. #JobsReportRaisesHikeOdds
🔴 Bitcoin ($BTC) forecast: The current cycle bottom may occur between late November and December
🪙 The previous 3 $BTC cycles bottomed about 365–406 days after each cycle’s peak.
📰 Based on this historical pattern, the current 4-year cycle is likely to bottom by late November or December.
🔔 The next two months are considered extremely crucial in determining the market’s direction.
⬅️ Market impact: This analysis is based on historical Bitcoin patterns that suggest the cycle’s time-based bottom may be near, pointing to increased volatility and price sensitivity over the next two months. #JobsReportRaisesHikeOdds
🔴 “Crypto Godfather” sentenced to 15 years in prison after stealing $37 million and plotting a kidnapping to obtain Bitcoin
❌ Adam Iza, 26, founder of crypto company Zort, was sentenced to 15 years in federal prison for his role in theft and kidnapping schemes.
🔔 Between 2020 and 2024, Iza fraudulently obtained Meta Business Manager accounts and their lines of credit, amassing more than $37 million.
🏦 He used the money to pay bribes to Los Angeles sheriff’s deputies for access to confidential information, and to extort victims at gunpoint.
🪙 The defendant attempted to steal a laptop believed to contain more than $100 million in cryptocurrency.
🪙 In August 2024, he coordinated an attempt to steal Bitcoin by kidnapping a couple in Connecticut and stealing a Lamborghini.
📰 On October 5, he received an additional 78-month sentence for fraud and tax evasion, and was ordered to pay $23.4 million in restitution.
⬅️ Market impact: Law enforcement and the pursuit of fraudsters in the crypto sector strengthen the regulatory safety of digital assets, but have no direct effect on market price movements. #WillAnthropicListOnTime
🔴 “Crypto Godfather” sentenced to 15 years in prison after stealing $37 million and plotting a kidnapping to obtain Bitcoin
❌ Adam Iza, 26, founder of crypto company Zort, was sentenced to 15 years in federal prison for his role in theft and kidnapping schemes.
🔔 Between 2020 and 2024, Iza fraudulently obtained Meta Business Manager accounts and their lines of credit, amassing more than $37 million.
🏦 He used the money to pay bribes to Los Angeles sheriff’s deputies for access to confidential information, and to extort victims at gunpoint.
🪙 The defendant attempted to steal a laptop believed to contain more than $100 million in cryptocurrency.
🪙 In August 2024, he coordinated an attempt to steal Bitcoin by kidnapping a couple in Connecticut and stealing a Lamborghini.
📰 On October 5, he received an additional 78-month sentence for fraud and tax evasion, and was ordered to pay $23.4 million in restitution.
⬅️ Market impact: Law enforcement and the pursuit of fraudsters in the crypto sector strengthen the regulatory safety of digital assets, but have no direct effect on market price movements. #WillAnthropicListOnTime
📰 Significant cash outflows recorded from major crypto asset funds:
🪙 BTC ETF: Outflows of -$430.20M
🔹 ETH ETF: Outflows of -$99.97M
❌ ZEC ETF: Outflows of -$10.99M
❌ HYPE ETF: Outflows of -$3.02M
❌ Solana ETF: Outflows of -$1.18M
❌ LTC ETF: Outflows of -$840.53K
❌ NEAR ETF: Outflows of -$773.84K
❌ HBAR ETF: Inflows of +$278.24K
🏦 XRP, DOGE, LINK, AVAX, and DOT funds: Neutral flows of +$0.00
⬅️ Market impact: Bitcoin and Ethereum ETFs saw sharp outflows, indicating selling pressure and a decline in institutional investment appetite for the cryptocurrency market. #JobsReportRaisesHikeOdds
#BinancePick 🔴 Fed official Hammack: AI use of stablecoins represents a major transformation
🏦 Cleveland Fed President Beth Hammack said that the adoption of stablecoins by AI agents would mark a massive shift in the financial system.
🔹 These remarks highlight the growing intersection of blockchain and AI for carrying out autonomous financial transactions.
⬅️ Market impact: Fed officials’ recognition of the importance of stablecoins in facilitating AI payments boosts the prospects for future institutional adoption and regulation of these assets. #BinanceReopensWithdrawalsForMoreAssets
🔴 Fed member Barkin: Interest rates are near the neutral level, and a gradual approach is most appropriate
🏦 Fed policymaker Barkin said corporate profits remain strong, supporting investment and labor retention.
🔔 He noted that cost pressures have been elevated and broadly based over the past 18 months.
❌ He said he does not expect inflation to accelerate, but at the same time does not see it declining right now.
🌐 He affirmed that the monetary policy path is clear, and that divergence and a gradual pace are the logical choice.
🏦 He stressed that the current monetary policy stance is roughly at the neutral level.
⬅️ Market impact: Barkin’s remarks suggest the Fed is in no hurry to cut interest rates aggressively as long as inflation is not declining and policy is near neutral. This supports the U.S. dollar and weighs on gold. This is putting downward pressure on gold against the dollar #BinanceReopensWithdrawalsForMoreAssets
🔴 $1.00 trillion wiped off U.S. stocks in the first 10 minutes after the open
🔔 The U.S. stock market lost around $1.00 trillion in market value during just the first 10 minutes of the trading session.
📰 The sharp decline follows a 1% drop in the S&P 500.
⬅️ Market impact: A rapid, steep fall in the U.S. stock market reflects a sudden increase in selling and a decline in investors’ appetite for risk. #Binance98PercentReplenished
🔴 U.S. dollar falls to its lowest level in over a month following U.S. elections
❌ The U.S. dollar fell to its lowest level in over a month on Thursday after Democrats won the U.S. midterm elections.
🌐 Oil prices and U.S. Treasury yields declined amid the election results.
🏦 The Japanese yen rose after the minutes of the Bank of Japan’s September meeting strengthened expectations of an interest rate hike.
🏦 The pound sterling climbed toward a seven-week high ahead of the Bank of England’s upcoming monetary policy decision.
⬅️ Market impact: The Democrats’ victory in the U.S. elections pushed the dollar, oil prices and Treasury yields lower, while the yen and sterling received strong support from expectations of central bank rate hikes. #BinanceReopensWithdrawalsForMoreAssets
🔴 TRUMP$ coin plunges more than 20% following political developments in the United States
🗿 Democrats are preparing to launch investigations targeting President Trump's digital projects after taking control of Congress.
🔔 The value of TRUMP$ coin fell by more than 20% in today's trading.
⬅️ Market impact: Sharp downward pressure on TRUMP coin amid regulatory and political concerns after the Democrats won control of Congress and moved to investigate Trump's crypto activities. #BTCRebounds80K
#BinancePick 🔔 Lawsuit filed against CFTC to block launch of perpetual futures on U.S. stocks
🏦 A Cboe-backed coalition and Citadel Securities have sued the CFTC.
❌ The lawsuit aims to halt the launch of perpetual futures on U.S. stocks on the day their approval is announced.
📰 The group argues that these products fall under the SEC’s jurisdiction, not the CFTC’s, as securities swaps.
⬅️ Market impact: The lawsuit creates an immediate regulatory obstacle to the launch of perpetual futures on U.S. stocks, adding to legislative uncertainty between the CFTC and SEC. #BinanceIncidentReport
🔴 The most important upcoming economic data and statements today, Thursday (GMT+3) And their impact on the currency and trading markets:
🏦 🇪🇺 13:00 - Consumer Price Index (annual inflation rate) in the Eurozone (October): forecast 4.0% compared to previous 3.8%
❌ 🇺🇸 16:15 - ADP Non-Farm Employment Change in the United States (October): forecast 67K compared to previous 90K
📰 🇺🇸 17:45 - S&P Global Services PMI in the United States (October): forecast 57.9 compared to previous 58.8
🔔 🇺🇸 18:00 - ISM Non-Manufacturing Services Prices Index in the United States (October): previous reading 74.0
🌐 🇺🇸 18:00 - ISM Non-Manufacturing PMI in the United States (October): forecast 54.8 compared to previous 54.9
⬅️ Market impact: Expectations of Eurozone inflation rising to 4.0% support the euro, while expectations of slower U.S. employment growth (ADP) and a decline in services PMI indicators may put negative pressure on the U.S. dollar and support gold. #BinanceIncidentReport
#BinancePick 📰 Anthropic reveals updated financial data in S-1 filing with the SEC
❌ AI company Anthropic submitted comprehensive financial updates in an amended S-1 report issued on Monday.
🔴 The company recorded revenue of $33.24 billion for the nine months ended September 30, an increase of over 1,200%.
🔔 The data revealed that net losses widened to $104 billion during the period, compared with $25.1 billion in the corresponding period.
⬅️ Market impact: The data reflect record revenue growth of 1,200%, strengthening the company’s position in the AI market. However, massive losses of $104 billion may make investors cautious about the costs of expansion. #USMidtermElections