Summary
1. Crypto industry:
• Binance delegates 13.2M UNI tokens, becoming Uniswap DAO's second-largest vote-holder; • Hong Kong to unveil plan for becoming hub for virtual asset investors; • Elon Musk's Tesla Still HODLing $218M in Bitcoin;
2. Price Action:
• Bitcoin dropped 1.1% in the past 24 hours to trade at US$19,128 as of 8 a.m. in Hong Kong, while Ether fell 2%% to US$1,285, according to data from CoinMarketCap.
3. US Dollar Related:
• The dollar rebounded from a two-week low on Wednesday as the yield on the benchmark 10-year U.S. Treasury note rose to a 14-year high; Gold prices fell to a three-week low as the U.S. dollar and U.S. Treasury yields rose and the prospect of aggressive Fed rate hikes further weighed on gold market;
4. Economic Calendar:
• 20:30 The number of Americans filing for unemployment benefits for the week to October 15, the US Philadelphia Fed manufacturing index in October;
• 24:00 and next day 01:45 the Fed officials speak.
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