Episode Details

Hosts:

• RA George (Blockchain DXB)
• Markose Chentittha (Society X)

Date:

• Recorded live on LinkedIn, October 3rd, 2024, 10:00 am GST

• Global economic instability leading to market volatility.
• Impact of geopolitical events on cryptocurrency and blockchain markets.
• Recent conversations on Unfiltered Chat predicted a potential market dump this week.

• The latest data presents a "best of the worst" scenario.
• Focus on the Federal Reserve’s recent FOMC meeting, with a 50 BPS increase in interest rates.
• Analysis of job reports and job openings, with a notable 1.3 million decrease in job openings over the past year. Source: BLS News
• Fed Chair states that inflation is under control, reducing the risk of recession.
• Potential pump in the market after the upcoming CPI numbers release on October 10th, 2024, at 08:30 am EST.

• Stablecoins being used as a safe haven due to ongoing market volatility.
• Circle's USDC is seeing stronger volume than Tether (USDT).
• A closer look at the volume trends in stablecoins this week.

• Monero (XMR) delisted from Kraken due to regulatory hurdles, resulting in a 7% price drop.
• Could this set a precedent for other exchanges?
• Tornado Cash case update: The judge rejected motions for discovery and dismissal. The case reinforces that while code can be considered speech, its unlawful use can still result in legal consequences.

• Bitwise XRP ETF: Low likelihood of approval.
• Solana ETF: Also faces minimal chances of being approved.
• BlackRock’s stance: Larry Fink and Samara Cohen focus on Bitcoin & Ethereum ETFs, expressing little interest in other cryptocurrencies.

• NFT market continues to decline since 2021.
• A notable Cryptopunk NFT sold for over 90% less than its peak value.
• Question for listeners: How much do you think the first Bitcoin transaction could be sold as an NFT? (Should Hal Finney's wife get it?)

• General downturn in the cryptocurrency market this week.
• Ethereum market cap dips below $300 billion once again.

• DeFi volumes remain low, while stablecoin volumes, particularly USDC, are on the rise.

• Upcoming CPI numbers on October 10th could signal a market shift.
• Ripple DFSRA and VARA's marketing regulations update in the UAE.

• Bitcoin MENA discussion: A potential king of the crypto space in the region? How does it compare to GITEX?

• Blockchain DXB & Society X Upcoming Events:

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