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FameEX Morning Crypto News Recap | November 14, 2024

2024-11-14 18:56:40

October Core CPI Annual Rate Holds Steady at 3.3%, Meeting Expectations

The U.S. core CPI annual rate for October was 3.3%, matching expectations and unchanged from the previous month. September's unadjusted CPI annual rate rose to 2.6%, also in line with expectations, marking a three-month high and ending a six-month downward trend.


Former SEC Chairman Clayton Predicts U.S. Congress May Pass Cryptocurrency Regulation After Trump Takes Office

On November 14, former SEC Chairman Clayton suggested that U.S. Congress may pass cryptocurrency regulation legislation after Trump takes office. He also advocated for easing regulatory burdens to encourage public offerings, signaling potential policy changes the industry has long anticipated and is hoping to influence through the upcoming presidential election.


Grayscale Bitcoin and Ethereum Mini Trusts See Net Inflows Exceeding $1 Billion

Grayscale's Bitcoin Mini Trust (BTC) and Ethereum Mini Trust (ETH) have surpassed $1 billion in net inflows, just three months after their launch, highlighting strong investor demand for these low-cost crypto investment products.


BlackRock's IBIT Trading Volume Hits $3.856 Billion, With 45% of Orders Being Active Buys

On November 13, Trader T data revealed that BlackRock's IBIT trading volume hit $3.856 billion, with 45% of transactions being active buy orders and 39% active sell orders.


Russia Advances Cryptocurrency Tax Bill, Plans Corporate Tax Rate Increase to 25% by 2025

Russia's Legislative Activities Committee has advanced a cryptocurrency tax bill, set to take effect in 2024. Individual traders and miners earning over 2.4 million rubles will face progressive taxes from 13% to 22%. The corporate tax rate will rise to 25% in 2025. These measures are expected to generate $521 million annually.


Brazil's Central Bank to Open Cryptocurrency Market, Bringing Benefits to Traditional Financial Institutions

The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional financial institutions, allowing them to participate under new regulations. However, small cryptocurrency startups may struggle with high barriers to entry due to the strict regulatory framework. This shift could benefit established financial players but challenge newcomers.


Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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