TD Bank hit with record $3 BILLION fine for laundering money for drug cartels.
Criminals prefer US Dollars.
#Bitcoin is an open, transparent monetary network

The United Arab Emirates (UAE) strengthened its position as a crypto-friendly jurisdiction by exempting #cryptocurrency transfers and conversions from value-added tax (VAT).
This decision was announced by the Federal Tax Authority (FTA) and will come into effect on 15 November 2024.
Another notable point is that the exemptions will be applied retrospectively until January 1, 2018. This provides businesses with the opportunity to review their previous VAT declarations and reclaim previously paid taxes.

Citigroup economists changed their Fed expectations after the stronger-than-expected non-farm payrolls data in the US. The institution reduced its Fed interest rate cut expectation from 50 basis points to 25 basis points in the November meeting. @Citibank

Goldman Sachs, after the latest employment report containing better-than-expected data, reduced the likelihood of the US entering a recession in the next 12 months by five points to 15%.

Moody's downgraded Israel's credit rating by 2 notches.

Swiss National Bank is buying MicroStrategy shares. There is an investment in MicroStrategy, one of the biggest supporters and accumulators of #Bitcoin.

Citi says hard landing "imminent" and aggressive rate cuts by Fed more likely.

The SEC will sanction Elon Musk in its Twitter acquisition probe
Biden right after Elon bought Twitter:
"There's a lot of ways [to get him]"

SEC has accused TrustToken and TrueCoin of fraud.
Also #SEC, TUSD rezervlerinin %99'unun "spekülatif bir offshore fonuna" yatırıldığını iddia ediyor.# #TUSD# SUN#

PayPal enables US businesses to buy, sell, and hold cryptocurrency.

Crypto analyst Cred stated that Bitcoin (BTC) bears are about to give up and the market is holding its strength. Cred told his 645,000 followers on social media platform X that $64,000 is a critical level for bears in Bitcoin.
According to analysts, making a weekly close above this important price zone will turn Bitcoin's market structure from bearish to bullish.

According to the research titled Crypto Ownership Data, the ratio of the number of people holding cryptocurrency to the population in Turkey is measured as 19.3 percent. Noting that this figure indicates that approximately one in five people owns cryptocurrency, Sönmez emphasized, "In Turkey, which is one of the densely populated countries in its region with a population of over 85 million, it is seen that nearly 5 million people hold cryptocurrency. Considering that this report was prepared in May 2024, before the crypto law was officially published in the Official Gazette, we can easily say

If both Trump and Mr. Harris win, Elon Musk will avoid taxes by showing his companies as losing money and will release nearly $300 billion in liquidity by trading back and forth to avoid taxes. When political uncertainties are resolved, it is likely that btc will rise to $100,000.

Turkey has abandoned the plan to impose additional tax on cryptocurrency and stock gains! 🇹🇷
- Deputy President Cevdet Yılmaz stated in an interview with Bloomberg that taxing stock and crypto gains is no longer on the agenda.
- In June, the government postponed this plan due to the decline in the stock exchange caused by additional taxes.
- Yılmaz said that their focus in the coming period will be to narrow down tax exemptions.

Caroline Ellison, former CEO of Alameda, will be sentenced today for her role in the FTX fraud.
Ellison, who has admitted to 7 charges, could receive a reduced sentence due to his "extraordinary cooperation" with prosecutors. Prosecutors are requesting leniency for him due to his cooperation during the investigation process #GT#

Taiwanese singer Huang Licheng withdrew 460,000 CREAM tokens with a staking period of 4 years. The value of these tokens is currently 8.52 million dollars.
During the 2020 DeFi Summer, the CREAM token had reached up to $282.4, but its current price is only $18.42. At the peak, the value of these tokens was $130 million. #BTC# #ETH# #ONDO# #DOGE# #GT#

CHINA MAKES MULTIPLE RATE CUTS
+500 BILLION YUAN FROM CENTRAL BANK TO FINANCE STOCK PURCHASES #BTC# #ETH# #GT# #NADA# #MAGA#

🇨🇳 China cuts bank reserve requirement by 50 basis points.
‼️10-YEAR BOND YIELD FALLS TO 2%, FIRST TIME ON RECORD #BTC# #BOME# #SLERF# #NADA# #ETH#

Bitwise Chief Investment Officer says "the most powerful people in finance are allocating to crypto." #BTC# #ETH# #ONDO# #DOGE# #AVAX#