THE CRYPTO WORLD

🌐Top 10 countries by annual food inflation:  Turkey: 72.0% 🇹🇷 Iceland: 11.7% 🇮🇸 Colombia: 10.4% 🇨🇴 UK: 10.1% 🇬🇧 Greece: 9.9% 🇬🇷 Japan: 9.8% 🇯🇵 Spain: 9.5% 🇪🇸 NZ: 8.9% 🇳🇿 Chile: 8.0% 🇨🇱 France: 8.0% 🇫🇷 📌These data includes only food and non-alcoholic beverages. The October data is staggering, and the inflation numbers in Turkey are particularly alarming. 👀Is there anyone here from Turkey? Is it really that bad? 🤯

💰Tether CEO said the world's largest stablecoin issuer wants to become a "world class partner" to the U.S. to "expand dollar hegemony." Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

📣 BREAKING: 🇭🇰 Hong Kong's Securities Commission says its "prepared to accept" 💸Bitcoin  ETF applications

💸Binance’s market share of crypto trading tumbled to 30% in 2023, it was only just 30.1% in December versus 55% at the start of the year 📉 📌El Salvador receives approval for the world’s first Bitcoin bonds, the country’s Bitcoin-focused office posted on X 🇸🇻 📌A prominent crypto critic Elizabeth Warren proposes introducing KYC for non-custodial wallets/cryptocurrency storage software in her new anti-crypto bill. Fortunately, only 1 of her 330 bills was passed in 11 years 📌Circle reported that global stablecoin settlement volume exceeded $7 trillion last year, while Visa and Mastercard's settlement volume was $14 trillion 💸

📌Exactly 10 years ago on this day, China imposed a ban on Bitcoin💸 trading 💸Bitcoin is now 3750% more expensive at over $43,000.

📌MicroStrategy has purchased an additional 16,130💸 BTC for $593M💵 in November

📌MicroStrategy has bought another 16,130 BTC for $593 million 🥇 📌Michael Saylor's company now owns 174,530 BTC purchased at an average price of $30,252. 📌As you can see, Saylor and company decided not to stop and continue to build up their position in the first cryptocurrency. 📌Remember that after MicroStrategy purchases there is often a correction (not to be confused with a collapse) ⚙️

🌐This is what investor sentiment charted over the S&P500 over the last 30 years looks like. Market sentiment is the current attitude of investors regarding the market.📣 📈 Bullish - people are expecting the market to go up. 📉Bearish - people are expecting the market to go down. 🕯The mood of the market is affected by crowd psychology. It is revealed through buying and selling activity. It's currently 56.22% bearish #interesting

📣"If virtual 💵currency exchanges and financial technology firms wish to realize the tremendous benefits of being part of the U.S. financial system and serving U.S. customers, they must play by the rules," Yellen said. "And if they do not, the U.S. government will take action."

📣 It’s 🔥 Black Friday 👨‍💻⬛️

‼️With no access to crypto,💸 disgraced FTX founder 🤡Sam Bankman-Fried is now trading fish to pay for services in prison. Sam Bankman-Fried has figured out mackerel is the currency of choice among inmates. He recently used it to pay for a haircut, a source told the Wall Street Journal.🕯

‼️Settlement of the 💸Binance and U.S. DOJ case is a bigger driver for markets than spot Bitcoin ETFs - Bloomberg 📣Analysts believe that the U.S. Department of Justice's criminal investigation into 💸Binance and CZ is one of the biggest challenges the platform and the entire ▶️©crypto industry has faced. 💸If Binance is able to settle the case, it will be one of the strongest drivers for the next bull market.🕯

‼️SEC sued crypto exchange Kraken 🌐The U.S. Securities and Exchange Commission accused Kraken of operating as an unregistered securities exchange, violating the Securities Exchange Act of 1934, and of commingling customer funds with its own. ℹ️In its lawsuit, the SEC called the ©cryptocurrencies SOL, ADA, MATIC, ICP, ATOM, ALGO, SAND, MANA, and CHZ securities.

📌Today is all about lawsuits. No, literally, everyone is suing each other 😂 📊The SEC sues Kraken crypto exchange accusing it of illegally operating as a securities exchange without first registering with the regulator. Kraken says they will "vigorously defend" themselves 🚀OpenAI investors consider suing the board after firing CEO Sam Altman, triggering concerns about a potential mass employee exodus 🐱 🐦X sues Media Matters. Elon Musk is alleging the liberal watchdog group “knowingly and maliciously manufactured” images depicting neo-Nazi posts on X next to major marketers’ ads 🧐 🍏Apple faces a class-action lawsuit over alleged anti-competitive conduct in the peer-to-peer payments market and blocking crypto technology from iOS⚙️ payment apps 🍏 Bittrex exchange announces all trading will be disabled as it winds down operations. Users need to convert their funds to EUR or crypto before Dec. 4 🫠

📊The Plan B trader reminds us that today is the last day of October. 🕯And his investment formula "Buy 6 months before halving - sell 18 months after halving" starts counting down.🔼

📉Big Short failed 🔽 🌐Michael Burry famous for predicting the 2008 crisis, who made $800 million on a big short (even made a movie about it), took a $1.6 billion short position in the S&P 500 and Nasdaq indices - closed the deal at a loss of -40%.

🕯Though the SEC has deferred Hashdex's application to convert the futures BTC-ETF into a spot Bitcoin-ETF, bitcoin is meanwhile pushing up to localized highs

💸Bitcoin's correlation to gold is rapidly increasing, whilst its correlation to equities is decreasing. Is this the "flight to quality that Larry Fink, CEO of BlackRock, was talking about? 👀 🌐Bitwise has resubmitted its Bitcoin Spot ETF application in response to SEC feedback. There’s "great hope" for bitcoin spot ETF approval in 2024, says Bitwise’s general counsel 📣 🌐The Turkish government plans to tax cryptocurrencies next year and will complete research to define these assets in the Turkish legal system 💸 🌐Deutsche Bank and Standard Chartered started developing a blockchain-based transaction platform for stablecoins and CBDCs similar to SWIFT 📈

🌐SBF fat-fingered an extra zero while donating stolen money 🚫 📌While being $13 billion in debt, FTX used customer funds for political donations, we all know that, but did you know Sam Bankman-Fried once donated too much money by making an incredibly stupid mistake? 💵 📌SBF was especially fond of donating money to Democratic candidates like leftist politician Beto O'Rourke, who received a $1 million donation from him. 📌During the testimony of the former FTX engineering chief, it turned out that Sam's $1 million donation was actually meant to be $100,000, and the reason why he donated ten times more was because this Adderall addict mistakenly pressed an additional "0" while typing in the "100,000" number 🔽 📌FTX then managed to return $900,000 of surplus donations through various pressures, including social, political, and legal means, and O'Rourke kept the $100,000.📈 📌Another wild story in the collection of stories about how unhinged FTX's top management was and how much crime was going on inside the company‼️

📌Binance US suspends all USD withdrawals 💸 📌A culmination of earlier warnings to US users that date back to June, when the platform halted USD deposits, emphasizing the conversion of USD into crypto like USDT. The recent updates to the platform's terms of service have led to the suspension of US dollar withdrawals 🕯 📌Additionally, with the new terms of service, US dollar deposits in user wallets are no longer eligible for FDIC insurance protection. It means the Federal Deposit Insurance Corporation will not be able to return you any money if Binance US goes bankrupt 🔽