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FameEX Morning Crypto News Recap | October 10, 2023
2023-10-10 12:12:35
Resilient US Stocks Rebound Despite Israeli-Gaza Tensions, Ending Positively
US markets started the week with an initial dip amid concerns over the Israeli-Gaza conflict. However, they displayed resilience, closing on a positive note. The Dow increased by 0.5% to 33,604.65, the S&P 500 rose by 0.6% to 4,335.66, and the tech-heavy Nasdaq gained 0.4%, closing at 13,484.24. Despite early worries, the markets ended the day positively.
RFK Jr. Embraces Independent Bid for U.S. Presidency with Pro-Crypto Stance, Leaving Democratic Party
On October 9, Robert F. Kennedy, Jr., a pro-crypto contender for the U.S. presidency, disclosed during a Philadelphia rally that he would no longer pursue the Democratic primary nomination. Instead, he declared his intention to run as an independent candidate for the presidency, emphasizing this shift in his political approach by stating, "I’m here to declare myself an independent candidate." This move signifies a departure from his previous party affiliation.
Tokenization Sandbox Set to Launch in Brazil by Securities Regulator in 2024 The Comissão de Valores Mobiliários (CVM) in Brazil plans to introduce its second regulatory sandbox program in 2024. Daniel Maeda, CVM's superintendent of institutional investor supervision, disclosed this at Rio Innovation Week on Oct. 4. The new sandbox will emphasize tokenization applications, following the achievement of tokenizing approximately $36 million in assets. Resignation of Ripple's Chief Financial Officer Amid SEC Lawsuit Kristina Campbell, the CFO of Ripple, has left her position to take on a comparable role at Maven Clinic, a virtual healthcare provider. This move comes amidst the SEC's December 2020 lawsuit against Ripple, accusing the company of using XRP inappropriately for fundraising, which the commission argues violated securities laws. Campbell's shift underscores the enduring legal hurdles confronting Ripple in the cryptocurrency sector. Chinese State-Owned Newspaper Set to Launch NFT Platform China Daily newspaper is set to invest 2.813 million Yuan ($390,000) in a third-party contractor to create an NFT platform. This contractor, whether from China or abroad, should possess expertise in blockchain technology. Additionally, the selected blockchain company must have a mainnet capable of handling more than 10,000 transactions per second, aligning with China Daily's requirements. Crypto Aid Israel: Local Web3 Enthusiasts Unite to Support Displaced Community Local cryptocurrency leaders have come together to establish Crypto Aid Israel, a worldwide fundraising drive aimed at providing humanitarian assistance to Israelis affected by the recent conflict. This initiative is dedicated to raising funds to support displaced Israeli citizens during this challenging period, addressing the humanitarian difficulties arising from the conflict. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
