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FameEX Morning Crypto News Recap | October 10, 2023
2023-10-10 12:14:20
US Stock Market Bounces Back from Early Dip Despite Israeli-Gaza Tensions, Closing on a Positive Note
On Monday, US markets initially dipped due to worries about the Israeli-Gaza conflict but showed resilience by rebounding to end positively. The Dow closed up 0.5% at 33,604.65, while the S&P 500 gained 0.6%, closing at 4,335.66. The tech-focused Nasdaq also saw a 0.4% increase, reaching 13,484.24. Despite early concerns, the markets finished the day on a positive note.
Pro-Crypto RFK Jr. Departs Democrats, Launches Independent Campaign for U.S. Presidency
On October 9, pro-crypto presidential candidate Robert F. Kennedy, Jr., also known as RFK Jr., revealed at a Philadelphia rally that he was withdrawing his candidacy from the Democratic primary and would now run as an independent candidate for the United States presidency. He made the announcement with the statement, "I’m here to declare myself an independent candidate," marking a shift in his political strategy.
Brazilian Securities Regulator to Introduce Tokenization Sandbox in 2024
The Comissão de Valores Mobiliários (CVM) of Brazil is preparing to launch a second regulatory sandbox program in 2024. Daniel Maeda, the superintendent of institutional investor supervision at CVM, announced this during Rio Innovation Week on Oct. 4. The sandbox will focus on tokenization use cases, building on the success of tokenizing around $36 million in assets.
Ripple's CFO Resigns Amid SEC Lawsuit Ripple's CFO, Kristina Campbell, has departed to assume a similar role at Maven Clinic, a virtual healthcare provider. This transition coincides with a lawsuit filed by the SEC in December 2020 against Ripple, alleging the improper use of XRP for fundraising, which the commission contends violated securities laws. Campbell's move highlights the ongoing legal challenges facing Ripple in the cryptocurrency industry. Government-Backed Chinese Newspaper to Unveil NFT Platform China Daily newspaper plans to allocate 2.813 million Yuan ($390,000) to a third-party contractor for the development of an NFT platform. The contractor, whether Chinese or foreign, must have expertise in blockchain technology. Moreover, the chosen blockchain firm must operate a mainnet capable of processing over 10,000 transactions per second, as per the newspaper's specifications. Local Web3 Enthusiasts Launch 'Crypto Aid Israel' Initiative to Assist Displaced Residents A group of local cryptocurrency leaders has collaborated to launch Crypto Aid Israel, a global fundraising campaign focused on providing humanitarian aid to Israelis impacted by the recent conflict. The initiative seeks to raise funds to assist displaced Israeli citizens in their time of need, aiming to alleviate the humanitarian challenges stemming 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.
