Hakan Ateşler 
Cryptocurrency funds completed last week with a plus of $533 million. Most of the inflows to the funds came after Powell’s speech on Friday. As always, Bitcoin funds received the largest investment.
The rise in artificial intelligence coins continues ahead of the earnings report of Nvidia, the most talked about company in chip production and sales in the world, to be announced on Wednesday. While many coins in this category have increased by more than 20% in the last week; NEAR, Render, AGIX, Fet and TAO stand out.
Binance exchange announced the new coin to be listed. The platform announced that it will list Eurite (EURI), one of the first MiCA-approved stablecoins, on Wednesday, August 28.
Donald Trump, the presidential candidate of the Republicans in the USA, stated that he wanted to take Elon Musk into the government cabinet, but that he would have difficulty allocating time to this area because he would have to deal with his many companies and kind of closed the doors. Trump said he could get help from Musk for counselling.
Chris Pavlovski, founder and CEO of Rumble, a video platform that is an alternative to Youtube, stated in a statement on X that he left Europe. Pavlovski wrote that the arrest of Telegram CEO Durov and the recent steps of the French government caused this departure. On the other hand, Durov’s detention decision raised tension in Russian-French relations.
Cryptocurrency exchange Coinbase announced that it has opened some cryptocurrencies for trading in New York, the financial centre of the US and the world.
In the cryptocurrency market, eyes will be on two important developments this week, as in all markets: The first of these is the Fed minutes and, more importantly, Powell’s statements at Jackson Hole.
On the last trading day of the week, ounce and gram gold broke a record. For the first time in history, the ounce of gold reached $2500 and the gram of gold reached 2709 TL. The precious metal, which acts as a ‘safe haven’ in crises, is also noteworthy, especially in an environment where recession, geopolitical tensions and monkey pox virus news are increasing.
Famous businessman Elon Musk, who clearly sided with Donald Trump in the US elections, showed an inflation reaction to the Biden government from the X account. Musk stated that the government spends much more money than it earns and is constantly printing new money to cover this difference.
Another important step has been taken in Dubai, which has enacted many positive laws and regulations on cryptocurrencies in recent years. The request of a complainant who applied to the court because he could not receive the part of his salary with cryptocurrency was accepted. The court stated that contracted employees can receive salaries with crypto.