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26.10.[News of the day] • Uniswap exceeded the cumulative trading volume of $ 500 billion • and other articles

4 min read

Welcome to today’s overview of crypto news:

MARKETS

BTC lost more than $ 7,000 in a matter of days and fell below $ 60,000 several times. The last such decline occurred over the weekend, when the cryptocurrency reached a weekly bottom of $ 59,400.

In the following hours, the situation changed quickly. BTC rebounded, almost immediately recovering $ 60,000 and rising.

As a result, BTC peaked above $ 63,500, but failed to continue growing. Instead, he lost over $ 1,500. To date, it has recovered by about a thousand and currently costs around $ 63,000.

Most altcoins also withdrew over the weekend, but have made small gains in the last two days. ETH briefly fell below $ 4,000. However, it added another 1.5% of the value in one day and is currently well above $ 4,200.

Technical analysis of BTC- will the tweezer bottom be successful?

Cryptocurrencies

Shiba Inu gains 10% in 24 hours when an ether whale bought SHIB for more than $ 11 million.

Against the background of recent solid performance, Shiba Inu (SHIB) has seen a significant increase in value over the past 24 hours as this decentralized token approaches $ 0.00005.

It is worth noting that during this time on October 26, 2021, ETH Whale purchased 276,592,553,073 SHIB tokens, corresponding to $ 11,510,207.

This particular whale currently owns approximately $ 13,448,334 in the Shiba Inu token, according to transaction details provided by whalestats.com, and leaves many observers wondering whether another major price move is approaching in both directions.

Argentina: The first BTC indexed ETF debuts this week

While the media is watching the rise of BTC in El Salvador, another Latin American country may soon be active – both in terms of the adoption of BTC and in terms of its mining.

This week, Argentina reportedly launched its first BTC-indexed ETF.

The Matba Rofex group is behind the project. In a recent interview, Ismael Caram, Deputy Chief Financial Officer, pointed out that the Argentine market has traditionally held grain capital and assets.

Banks, crypto exchanges, companies

The British FCA has granted registration for the crypto startup Crypterium

The British crypto service provider Crypterium is the latest crypto company to be registered with the UK Financial Supervision Authority (FCA).

On October 25, Crypterium officially announced that it had recently been registered by the FCA to provide cryptocurrency services to local citizens and businesses, making it one of the few companies to go through the registration process.

According to the official FCA website, Crypterium has been registered to operate certain crypto activities since October 11, in accordance with the country’s anti-money laundering (AML) regulations.

Uniswap exceeded the cumulative trading volume of $ 500 billion

Uniswap Labs said its monthly cumulative volume has reached half a trillion dollars since its launch in November 2018. Added on Twitter on October 25 that millions of users have direct access to markets that they can “trust to work in their best interests.”

According to Uniswap v3’s own dashboard, $ 1.3 billion has been processed in the last 24 hours. Protocol v2 has processed $ 583 million in the last 24 hours, giving DEX a total of nearly $ 1.9 billion a day.

DappRadar reports a total locked value for both Uniswap v2 and v3 of $ 9.5 billion, while Uniswap’s own figures are close to $ 8.7 billion.

CBDC, Regulation

Dubai regulator announces new regulations for investment tokens

The Dubai Financial Services Authority (DFSA) has put in place a regulatory framework for investment tokens as part of its efforts to stimulate the digital financial and technological environment while meeting the demands and demands of market participants.

DFSA is an independent regulator in Dubai responsible for monitoring and regulating financial services companies wishing to operate there. It also licenses and regulates their products and services.

According to a report by the Emirates news agency WAM, the DFSA regulatory framework defines investment tokens as “securities tokens or derivative tokens”.

Extensive regulations on stable coins in the US are approaching

On October 26, Bloomberg cited unnamed sources familiar with the matter in a report on new strict regulations on stablecoins.

The much-anticipated report of the US Treasury Department and related agencies is expected this week. According to the report, it is likely to give the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) power over stablecoins and call on Congress to enact legislation that regulates stablecoins similar to bank deposits.

SEC President Gary Gensler pushed for changes behind closed doors after repeatedly calling stablecoins “poker chips.” The recommendations may strengthen the ability of the Securities and Exchange Commission (SEC) to enforce coercive measures and policies for stablecoins and cryptoactive assets.

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