CoinDesk

**Upcoming U.S. economic data release may affect cryptocurrency markets** - Data scheduled for release on Tuesday - Historical pattern: 10% price drops in first week of past three months - Analysis provided by 10x Research This recurring trend suggests a potential correlation between U.S. economic indicators and cryptocurrency market behavior. Investors and traders may want to: 1. Monitor the data release closely 2. Prepare for possible market volatility 3. Consider adjusting trading strategies accordingly *Stay informed and be prepared for potential market movements.*

A significant review is set to take place in the coming months, potentially opening doors for dedicated cryptocurrency exchange-traded funds (ETFs). Key points: - Review scheduled for upcoming months - Could lead to creation of crypto-specific ETFs - Implications for broader crypto market adoption This development may signal a shift in regulatory approach and could increase mainstream accessibility to crypto investments. However, the outcome remains uncertain pending the review's findings. **Stay tuned** for updates on this potentially game-changing review and its impact on the crypto investment landscape.

A South Korean cryptocurrency exchange is reportedly exploring the possibility of listing its shares on Kosdaq, the trading board of Korea Exchange focused on small and medium-sized enterprises. Key points: - The consideration was reported late last year - Kosdaq is similar to the NASDAQ in the United States - This move could potentially increase the exchange's visibility and access to capital The potential listing on Kosdaq suggests a growing trend of cryptocurrency businesses seeking traditional financial market exposure. However, it's important to note that this is still in the consideration phase, and no official announcement has been made. **Stay tuned for updates on this developing story.**

Bitcoin (BTC) is on track to close September with a 9% gain, marking its strongest performance for the month since 2013. This upward trend comes ahead of October, which is historically a bullish month for the cryptocurrency. Key points: - BTC has registered its first three-week winning streak since February - September's counter-seasonal price trend shows signs of divergence - The positive performance breaks the typical September slump This unexpected strength in September could potentially set the stage for a robust fourth quarter, especially considering October's traditionally favorable market conditions for Bitcoin.

Crypto Finance Asset Management AG has undergone a significant rebranding, changing its name to Matrixport Asset Management AG (MAM). This transformation marks a new chapter for the company in the evolving landscape of digital asset management. Key points: - The rebranding took effect on September 30, 2024 - The new name aligns with the Matrixport brand - This change may indicate a shift in strategy or focus for the company The impact of this rebranding on the company's operations and services remains to be seen. Clients and industry observers will likely be watching closely for any accompanying changes in the firm's offerings or approach to asset management.

A former Chinese minister has called on Beijing to examine the cryptocurrency industry more closely. This recommendation comes in response to recent comments made by Republican presidential candidate Donald Trump regarding crypto. The ex-minister suggests that China should: - Analyze the potential impact of Trump's crypto stance - Reassess its own policies on digital currencies - Consider the global implications of cryptocurrency adoption This development highlights the growing intersection of politics, technology, and finance in the international arena. **Key takeaway:** China may be reconsidering its approach to cryptocurrencies in light of global political shifts.

A recent report suggests that the Federal Reserve's interest rate cut will lead to increased on-chain activity, particularly benefiting the Ethereum blockchain. n Key points: - Federal Reserve has cut interest rates - This is expected to fuel more on-chain activity - Ethereum blockchain likely to see significant benefits The report indicates that lower interest rates may encourage more investment and transactions in the crypto space. Ethereum, as a major smart contract platform, is positioned to capture much of this increased activity. n This could potentially lead to: - Higher transaction volumes on Ethereum - Increased demand for ETH for gas fees - More DeFi and NFT activity However, it's important to note that market reactions can be unpredictable. Users should monitor developments and conduct their own research before making investment decisions.

The U.S. Commodity Futures Trading Commission (CFTC) has appealed to the court to suspend Kalshi's political prediction markets while its appeal is ongoing. This follows a recent ruling that elections are not a form of gaming, which went against the CFTC's stance. Key points: - CFTC filed an appeal against its loss to Kalshi - Regulator wants Kalshi's markets halted during appeal process - Kalshi argues the suspension would harm their business - Judge previously ruled elections are not gaming - CFTC had conducted a public review of the markets The case highlights ongoing regulatory challenges for prediction market platforms in the U.S. As the appeal progresses, the outcome could have significant implications for the future of political prediction markets.

Markets are experiencing a rally as expected with a new rate cut cycle, but cryptocurrencies continue to face challenges. This trend follows weeks of crypto sell-offs during U.S. market openings, indicating a risk-off sentiment among American investors. Recent events impacting crypto markets include: - Perceived strong performance by Kamala Harris in presidential debate - Concerns over potential bitcoin price drop if Harris wins - Recession fears weighing on risk assets - Weak U.S. manufacturing data reviving growth concerns Crypto markets have shown sensitivity to U.S. economic figures and political developments. The upcoming U.S. economic data releases will be crucial in determining whether the dollar continues to weaken, potentially offering support to bitcoin and other risk assets.

A recent report suggests that if Kamala Harris wins the upcoming election, Bitcoin's price could potentially drop to as low as $30,000. This prediction highlights the potential impact of political outcomes on cryptocurrency markets. Key points: - The report links Harris's potential victory to a significant Bitcoin price decrease - The projected low is set at $30,000 - This forecast underscores the relationship between political events and crypto market volatility Investors and traders should consider this information as part of their risk assessment and market analysis.