The Fed, which raised interest rates as of March to combat inflation, announced a 75 bp increase yesterday evening. In the United States, which entered the year with a rate of 0.25, the interest rate rose to 2.5 levels. In yesterday's decision, where the expectation of 75 bp was on the table but the possibility of 100 bp was also on the table, the Fed's preference of 75 bp was also interpreted positively in the markets.
New Development in XRP-SEC Case
In the court process, which has been going on for about 1.5 years, new developments continue to take place. The SEC has previously challenged a decision to assign the post of "Amici Curiae" (impartial expert assisting the court) to some XRP holders who had been out in favor of XRP. This appeal was rejected by Judge Analisa Torres. Thus, although a new decision has been issued in favor of the Ripple side in the court process, we now see that investor behavior is immune to such developments and is definitely not effective in XRP pricing.
Turkish Economy and Treasury Minister Nureddin Nebati Met with Binance CEO Changpeng Zhao
In our country, where crypto investments are quite intense, it was known that the government was planning regulations on crypto coins. Within the scope of these studies, Nureddin Nabati's announcement on his Twitter account yesterday stated that an online meeting was held with Binance CEO Changpeng Zhao (CZ). No details were shared about the content of the speech. It is known that Turkey is very important for Binance, and that the largest part of the traffic on the stock exchange worldwide is based on Turkey.
New Problem with Crypto Regulation Planned in Europe
It has been suggested that the European Banking Authority (EBA), which is tasked in Europe for crypto asset regulation, is very worried about being able to carry out its duties due to the lack of personnel and logistical difficulties for some of the work that needs to be done. EBA President Jose Manuel Campa said in his remarks that the issue was really worrying for them and that they had difficulty in recruiting specialists, especially for the purpose of regulatory supervision. He also stated that they have not determined which cryptocurrencies should be regulated before the launch of the European digital currency, which is expected in 2025.
Rippled Announcement from Ripple
XRP has announced Rippled, the core server of the Ledger Protocol. The update includes improvements such as NFT coding, a new API method for order books, or a simpler and more intuitive logging system.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.