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🚨 New Video Alert!! 🚨
The Fed has cut interest rates for the first time in 4 years, and it’s started off big with 0.5 percent. This begs the question of what it means for the economy and the markets. Today’s video has the answers.
In the short term, the Fed’s rate cuts are likely to juice the markets. It’s going to take time for the so called ‘lag effect’ to affect the economy, which seems to be a lot stronger than it appears.
However, it seems that everyone forgot about the most important factor of all – the Fed’s decision around its balance sheet. This could set the stage for a 2008 style financial crisis in the next year.
Watch until the end to find out why…
P.S. We hope you will enjoy our new deals skit!
🔔 MARKET MOVING NEWS! (25/09/24)
1️⃣ TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing 🤝
TrustToken and TrueCoin (now rebranded as Archbock) have reportedly agreed to settle charges announced by the U.S. Securities and Exchange Commission (SEC) yesterday. Specifically, the SEC accused them of defrauding investors by knowingly misrepresenting the backing of the TrueUSD (TUSD) stablecoin. The SEC also accused them of offering securities tied to it without properly registering with the regulator. TrustToken and TrueCoin have agreed to settle the charges by paying $163,000 each, with TrueCoin paying an additional $340,000 in disgorgement.
Source
2️⃣ USDC Issuer Circle Unveils New Compliance Tool For Programmable Wallets ⚡️
Stablecoin issuer Circle has announced the launch of ‘Compliance Engine’ - a new compliance-focused tool for programmable wallets that will help “companies build on-chain while meeting rigorous demands for compliance.” The new tool reportedly provides ways to program customisable and automatically enforced regulatory checks into different decentralised applications.
This includes a transaction screening tool “to detect risky and suspect” transfers, a monitoring tool “to help identify potential high-risk behaviours” and a “Travel Rule” service designed to meet the Financial Action Task Force’s surveillance and data validation requirements for virtual asset service providers. The new tool will support any blockchain connected to Circle’s existing Programmable Wallets tool, such as Avalanche, Ethereum, Polygon PoS and Solana.
Source
3️⃣ Kraken Acquires Dutch Broker BCM As Part Of European Expansion ☄️
Crypto exchange Kraken has announced the closing of the Coin Meester (BCM) acquisition, one of the Netherlands’ oldest registered crypto broker firms. This is a strategic acquisition intended to support its expansion across Europe. It provides Kraken with a registered virtual asset service provider (VASP) license in France and Poland, expanding its Dutch footprint and business.
Source
4️⃣ Another Satoshi-Era Bitcoin Whale Is Moving Coins After 15 Years 💸
According to data from the on-chain intelligence tool Arkham, an unidentified Bitcoin whale who mined some of the network’s earliest blocks in 2009 has transferred a portion of its holdings to crypto exchange Kraken after a decade of dormancy. Analysts at Arkham Intelligence noted that the wallet, which now holds $77 million worth of BTC, has already moved 10 BTC ($630,000) to the cryptocurrency exchange across three separate transactions.
Source
5️⃣ Former Alameda CEO Caroline Ellison Sentenced to 24 Months in Prison for FTX Fraud 🔒
According to a Bloomberg live report, Caroline Ellison, the former co-CEO of Alameda Research, was sentenced yesterday to 24 months in prison for her involvement in the FTX collapse. Ellison will also have to forfeit about $11 billion and can serve her sentence at a "minimum-security facility."
Explaining the relatively light sentence, Judge Lewis Kaplan of the U.S. District Court of the Southern District of New York cited Ellison's strong cooperation as a witness against former FTX founder Sam Bankman-Fried last fall and noted the difference in accountability between Ellison and Bankman-Fried.
Source
6️⃣ SEC Chair Gensler Denies Knowledge of Anti-Crypto Operation Choke Point 2.0 🔍
https://www.youtube.com/watch?v=gUndBBUX2So
Читать полностью…
🔔 MARKET MOVING NEWS! (24/09/24)
1️⃣ Ethereum ETFs Record Biggest Outflows Since July in Sign of Low Institutional Appeal 🔽
Ether ETFs reportedly recorded their largest net outflows since July, on Monday. Specifically, data from SoSoValue shows net outflows of $79.21 million on Monday, most of which came from the Grayscale Ethereum Trust (ETHE) which saw $80.55 million flow out of the fund. It was also the only spot ether ETF to record outflows yesterday. Bitwise’s ETHW reported net inflows of $1.34 million, while other products showed no inflow or outflow activity. The outflows may be a sign of waning institutional demand for Ether as it comes despite a broader crypto market rally fuelled by last week's Federal Reserve interest-rate cuts.
Source
2️⃣ Telegram Will Share User Data With Authorities in Crime Crackdown After CEO Arrest ‼️
In a recent social media post, CEO Pavel Durov announced that the messaging app Telegram has made significant changes to its terms of service. Specifically, the app’s privacy conditions now state that Telegram will share a user’s IP address and phone number with judicial authorities in cases where criminal conduct is being investigated. The policy changes come after Durov’s arrest by French authorities last month.
Notably, the arrest was made on the grounds that Durov failed to cooperate with authorities over illicit activities allegedly taking place on the platform. Durov now states that the Telegram team will use artificial intelligence to make Telegram search "much safer" by blocking "problematic content" from showing up via the app's search bar.
Source
3️⃣ Celestia Foundation Raises $100 Million In A Round Led By Bain Capital Crypto 💰
The Celestia Foundation, the team behind the modular blockchain network, has reportedly raised $100 million in a fundraising round led by Bain Capital Crypto. The fresh round of capital brings the total funding for the foundation to $155 million. The round also saw participation from other investors such as Syncracy Capital, 1kx, Robot Ventures, and Placeholder Ventures. While the team did not elaborate on what the new capital would be used for, they highlighted that core developers are focused on its new roadmap which was unveiled earlier this month.
Source
4️⃣ Polymarket Discusses Fresh Funding Amid Election Betting Craze 🔍
According to a report by The Information, the crypto-based prediction market platform Polymarket is considering raising $50 million in fresh funding. The report also claims that the platform is planning to issue its own token. Investors in the proposed round would reportedly receive warrants entitling them to buy the tokens should Polymarket go ahead with the issuance plan.
The report states,
Investors in the round will receive token warrants, which grant them the right to purchase tokens if Polymarket launches them at a later date. The prediction site could use the tokens as a way for users to validate the outcome of real-world events, one of the people said. Polymarket has not made a decision regarding tokens and there’s no guarantee of a launch.
https://www.youtube.com/live/KM5Nl5bQecM?si=VEjT_-n4MBRWS-LM
Читать полностью…
According to a report by the Australian Financial Review, the Australian Securities and Investments Commission (ASIC) is planning to require all crypto firms to be licensed under the country’s ‘Corporations Act.’ ASIC Commissioner Alan Kirkland reportedly told the publication that the regulator plans to issue an update to “Information Paper 225” by November. The update will clarify how certain crypto tokens or products should be treated. Kirkland said that ASIC considers that most major crypto assets should fall under the scope of the Corporations Act.
Source
🔥 Rally Report 🔥
BITTENSOR
The price of TAO has rallied by 19% in the past 24 hours.
WHY?!
🕯 Part of a larger rally seen among artificial intelligence cryptocurrencies.
☄️ The rally comes after Vice President Kamala Harris made a promise to promote the growth of the crypto and AI industry during a recent Wall Street fundraiser in Manhattan. TAO’s rally in particular is also boosted by bull posting from Digital Currency Group founder Barry Silbert.
If you want to buy or trade TAO, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Free speech is under attack. This has been the case for decades. The difference this time around is that the attacks are coming from Western countries that have historically held it up as the highest virtue.
What’s the reason for this 180? In short, because people in Western countries are starting to notice that their elites are enriching themselves at the public’s expense, and they’ve started speaking out.
The scariest part is that elites in Eastern countries have noticed this dissatisfaction, and have been using it to their advantage to sow division and prop up elites in the West that have Eastern interests.
This is a video you need to watch until the end.
🔥 Rally Report 🔥
PENDLE
The price of PENDLE has rallied by 20% in the past 24 hours.
WHY?!
🕯 The rally appears to be led by speculative trading activity from South Korean traders. South Korean crypto exchange Upbit accounts for most of PENDLE’s trading volume today.
🧐 Interestingly, the rally follows a recent tweet by Arthur Hayes announcing Malestrom Fund’s recent reduction of its PENDLE position. This sell-off from Hayes comes just days after a bull post predicting a price target of $10 for PENDLE. The rally could be a sign that investors see this as a bottom signal for the asset. Technical analysis also shows that PENDLE is breaking out of a down-trend, signalling a potential trend reversal or bullish breakout.
If you want to buy or trade PENDLE, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🔔 MARKET MOVING NEWS! (21/09/24)
1️⃣ MicroStrategy Boosts Bitcoin Holdings With $458M Purchase, Upsized Convertible Note Offering to $1B 💸
According to a recent SEC filing, the business intelligence firm MicroStrategy acquired an additional 7,0420 BTC between Sept. 13 and 19. The coins were acquired for approximately $458.2 million at an average price of $61,750 per BTC. This brings the company’s total holdings to 252,220 BTC (worth roughly $16 billion). It also brings the average price paid per BTC to $39,266.
The latest acquisition was made using the proceeds of its debt offering. The company reportedly increased its convertible note issuance that concluded Thursday to $1.01 billion from the $700 million principal offering announced earlier this week. The filings also show that the company's bitcoin yield increased to 5.1% for this quarter, up from 4.4% on September 13.
Source
2️⃣ India's Supreme Court YouTube Channel Hacked to Shill XRP Crypto Scam ‼️
Hackers reportedly compromised the official YouTube channel of India’s Supreme Court on Friday to shill XRP, the seventh biggest cryptocurrency by market cap. Following the news of the hack, the Supreme Court announced that the YouTube channel had been taken down as a result. Screenshots of the hack circulated on X (formerly Twitter) showed Ripple CEO Brad Garlinghouse alongside a caption claiming “Ripple will hit $2 in this month.”
Source
3️⃣ Early Version of Long-Awaited Firedancer Solana Validator Is on Mainnet 🔥
Web3 infrastructure developer Jump Crypto has announced the launch of “Frankendancer” on the Solana mainnet. Frankendancer is a prototype of the full Firedancer validator, which is still under development and undergoing further testing on Solana’s testnet. Jump Crypto’s Chief Science Officer Kevin Bowers made the announcement during his keynote speech at the Solana Breakpoint event in Singapore. The Firedancer project is designed to address Solana's scaling challenges.
Source
4️⃣ Iggy Azalea Unveils New Online Casino ‘Motherland’ 😎
Australian rapper Iggy Azalea has announced the launch of a new online crypto casino called Motherland. Azalea unveiled the project yesterday alongside business partner Joe McCann and manager Reece Pearson at her Motherland Rodeo event at Breakpoint in Singapore. The Motherland casino, powered by her MOTHER memecoin, is expected to go live in November. According to the announcement, Motherland will offer a variety of casino games, including slots, blackjack, roulette, and poker. Players will be able to also partake in live dealer games, tournaments, sports betting, and other community-based gambling activities.
Source
5️⃣ SEC Greenlights Listing And Trading Options For Blackrock's Spot Bitcoin ETF 🔼
The U.S. Securities and Exchange Commission (SEC) has reportedly approved BlackRock's proposal to list and trade options for its spot bitcoin exchange-traded fund, the iShares Bitcoin Trust (IBIT). The SEC notice stated that Nasdaq ISE, LLC would be listing and trading those options. It also stated that the options on IBIT will be “physically settled with American-style exercise.” Bloomberg's senior ETF analyst Eric Balchunas said he expected others to be “approved in short order."
Source
6️⃣ BingX Confirms The Resumption Of Withdrawal Services Following Hack ❓
🔔 MARKET MOVING NEWS! (20/09/24)
1️⃣ Crypto Exchange BingX Hacked, Onchain Data Shows Over $43M Drained ❌
Singapore-based crypto exchange BingX has reportedly suffered a security exploit involving one of its hot wallets. BingX chief product officer Vivien Lien confirmed the hack and stated that it resulted in a “minor asset loss.” On-chain data suggests nearly $43 million was stolen from the exchange in multiple tranches, with $13.25 million ether, $2.3 million BNB, and $4.4 million USDT, among others being drained. Lien reassured users by claiming the incident will not affect its ongoing business operations.
Source
2️⃣ Two Suspects Charged In $230 Million Cryptocurrency Theft ▶️
Federal prosecutors have formally charged two suspected crypto fraudsters, Malone Lam (20) and Jeandiel Serrano (21) with the theft of over $230 million worth of cryptocurrencies. The arrest comes after blockchain sleuth ZachXBT posted a long thread on Thursday detailing what he calls “one of my best investigations of all time.”
In his “incident summary” thread, ZachXBT alleges that three perpetrators stole $243 million from a single unnamed individual said to be a creditor of bankrupt lending firm Genesis in a complicated social engineering attack on Aug. 19, 2024. While the Fed has formally charged two of the three alleged perpetrators - Greavys (Malone Iam) and Box (Jeandiel Serrano), the third perpetrator Wiz (Veer Chetal) was not a named party in the FBI's investigation. The FBI alleges the perpetrators used the funds on “international travel, nightclubs, luxury automobiles, watches, jewellery, designer handbags, and rental homes.”
Source
3️⃣ Court Approves Terraform Labs Winding Down In Bankruptcy Hearing ‼️
Judge Brendan Shannon of the US Bankruptcy Court for the District of Delaware has reportedly approved Terraform Labs winding down its operations as part of its bankruptcy plan in the United States. Judge Shannon reportedly called the plan a “welcome alternative” to further litigation to address investor losses. The firm's wind down comes a few months after Terraform closed the case brought by the U.S. Securities and Exchange Commission.
Source
4️⃣ Consensys Lawsuit Against SEC Over Ethereum Gets Tossed Out ❓
A U.S. district judge has reportedly dismissed the lawsuit brought by Ethereum software giant Consensys against the U.S. Securities and Exchange Commission (SEC). The judge wrote that the firm's claims were ultimately "moot" because the agency's alleged actions were not "final.
For context, Consensys filed a pre-emptive suit against the SEC in April after receiving a Wells notice over its popular Ethereum wallet, MetaMask.The suit requested the court declare that ETH is not a security, and that “Consensys’s sales of ETH are not sales of securities.” It also asked the court to block the SEC from bringing enforcement action over aspects of its MetaMask wallet software, which it eventually did in June.
Source
5️⃣ DeFi Lending Protocol Sky To Drop Wrapped Bitcoin After Governance Vote 💸
DeFi lender Sky (formerly Maker) is reportedly moving forward with the plan to offload wrapped Bitcoin (wBTC) collateral from the platform following a vote that closed on Thursday. The proposal saw overwhelming support with 88.17% of votes in favour, 11.83% abstaining from voting and no votes against it. However, only 13 MKR whales participated in the vote. Sky will now move forward with the offboarding of wBTC, with the first phase starting on Oct. 3 and the final phase ending on Nov. 28. According to a proposal earlier in September, alternative forms of collateral being considered as replacements for wBTC include Coinbase’s cbBTC and Threshold’s tBTC.
Source
https://www.youtube.com/watch?v=0f5JkXMIH_Q
Читать полностью…
Solana Mobile, a subsidiary of blockchain developer Solana Labs, has just revealed its newest, shiniest smartphone, the “Solana Seeker.” The announcement was made at the TOKEN2049 conference in Singapore earlier today. Previously dubbed “Chapter Two,” the new Solana Seeker phone is half the cost of its predecessor, the Solana Saga. Solana Mobile claims presales for the new phone have now surpassed 140,000 units across 57 countries. The Seeker is estimated to ship in mid-2025.
Commenting on the potential for the new phone, Emmett Hollyer, General Manager at Solana Labs stated,
Seeker, just like Saga, will be a rewards magnet, but also, it’s a huge opportunity for teams to build totally new experiences. It’s not the memecoin phone. It’s going to enable all of the great use cases on the network, whether that is memecoins or DeFi or payments or games.
🔥 Rally Report 🔥
CELESTIA
The price of TIA has rallied by 21% in the past 24 hours.
WHY?!
🎙 Celestia announced today that the Lemongrass upgrade has been completed. Notably, this is Celestia’s first upgrade on the mainnet.
☄️ It introduces 1-click interactions over IBC, interchain accounts, and a mechanism which simplifies future upgrades, among other improvements. The anticipation for the upgrade has seen the price of TIA rally by almost 50% in the past seven days.
If you want to buy or trade TIA, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Crypto is at a crossroads.
The spot ETFs have brought TradFi billions into crypto, but Wall Street is divided.
BlackRock and Franklin Templeton want to send bitcoin to Valhalla and launch stuff on Ethereum. But JP Morgan and HSBC would rather see crypto collapse so they can promote their private enterprise blockchains on our grave.
Which faction will prevail, and where could they take crypto? Tune in to find out!
During a congressional hearing held yesterday, SEC Chair Gary Gensler faced intense scrutiny from both sides of the aisle over his handling of regulating the crypto industry. Lawmakers expressed concerns about the SEC's unclear regulatory framework for the crypto industry, while some defended the agency's role in protecting investors. At one point, Gensler even denied previous knowledge of the term “Operation Choke Point 2.0,” which refers to a popular theory that there is a coordinated government effort to prevent the American crypto industry from developing and taking root. Noted crypto advocate Rep. Tom Emmer (R-MN) was also seen stating that there could not have been “a more historically destructive or lawless Chairman of the SEC” other than Gensler.
Source
🔥 Rally Report 🔥
SEI
The price of SEI has rallied by 23% in the past 24 hours.
WHY?!
🕯 The rally seems to be led by speculative trading activity from South Korean Traders. The South Korean crypto exchange Upbit accounted for over 30% of SEI’s global trading volume in the past 24 hours.
🤔 The rally is likely a result of traders seeing SEI as a possible beta play to Sui and the larger ‘Sol Killer’ narrative.
If you want to buy or trade SEI, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Most cryptocurrencies trade mostly against USDT. This makes USDT extremely important. In turn, this makes the blockchains its on very important, and also very valuable.
It seems that everyone forgets that most of USDT’s circulating supply exists on Tron, and it seems that nobody has noticed that TRX has been going up only for over 4 years.
This begs the question of what the future holds for Tron, and whether TRX could continue growing exponentially into the future. Today, we give you all the answers.
This is a video you can’t miss!
🔥 Rally Report 🔥
ARWEAVE
The price of AR has rallied by 13% in the past 24 hours.
WHY?!
🎙 Arweave’s AO Computer announced a joint campaign with the NFT marketplace BazAR. The campaign invites users to hold wrapped AR (wAR) and deposit DAI in its pre-bridging contract.
🐘 Users who do so will be allowed to mint an NFT collection called the ‘Omega Dumdum’ with a limited supply of 5000 atomic assets. Investors speculate there may be additional benefits for Omega Dumdum holders when the AO mainnet goes live.
If you want to buy or trade AR, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 Livestream Alert!! 🚨
It’s time for another weekly crypto review!
Today we cover:
- Fed’s Fabulous Fifty
- BlackRock Bitcoin Options
- Solana on Fire
- Sui Soars Skywards
- Open Source Vulnerability
- Top Gainers in Crypto
Join us LIVE!
🔔 MARKET MOVING NEWS! (23/09/24)
1️⃣ Coinbase Chief Legal Officer Responds To cbBTC Service Terms Fears 💸
Yesterday, one concerned X user highlighted what they believed to be a troubling provision within the cbBTC user agreement. They wrote that the provision allows Coinbase not to reimburse customers the full amount of Bitcoin lost due to malicious activity or unforeseen events, including hacks or security exploits. They stated that it would instead give clients a "proportional share of whatever BTC is left." This post led to some FUD emerging on Crypto X.
Addressing the post, Coinbase’s chief legal officer Paul Grewal stated that the concerned X user has arrived at the wrong interpretation of the clause. He confirmed that Coinbase would fully reimburse clients in the event the exchange loses the underlying Bitcoin. He clarified that the clause only limits the exchange's liabilities from external losses – such as those arising from complex trades and leveraged positions with cbBTC as loan collateral.
Source
2️⃣ Samourai Wallet Forked Into 'Ashigaru' Open Source Project ⚡️
An anonymous group of developers have reportedly performed a hard fork of the Samourai Wallet code and released the first version of a mobile wallet called the "Ashigaru Open Source Project." The project's website states that Ashigaru "develops, releases, and maintains free and open-source software." In their mission statement, the developers state that they believe anyone should be able to engage in “peaceful, voluntary, and private commerce on the internet without tracking, surveillance, or censorship."
Source
3️⃣ Kamala Harris Vows to Aid AI, Crypto Sectors in Pitch to NYC Donors 🎙
According to a Bloomberg report, Vice President Kamala Harris has promised to promote the growth of the crypto and AI industry if she wins the presidency. She reportedly made the comment addressing the crypto industry during a recent Wall Street fundraiser in Manhattan. This marks the first time the Democratic nominee has addressed the industry publicly on the campaign trail.
Bloomberg quoted Harris as saying,
To build that opportunity economy, I will bring together labor, small business, founders and innovators, and major companies. We will partner together to invest in America's competitiveness, to invest in America's future. We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road.
https://www.youtube.com/watch?v=Hv5aUdkXUqg
Читать полностью…
🔔 MARKET MOVING NEWS! (22/09/24)
1️⃣ Travala Expands Booking Support To Solana-Based Assets, Offers SOL Travel Rewards ⚡️
Blockchain-based travel bookings platform Travala has reportedly added support for the Solana network on its platform. This is Travala’s third supported network besides Ethereum and BNB Chain. Travala CEO Juan Otero made the announcement during a panel discussion at Solana Breakpoint event in Singapore on Saturday.
The integration will allow users to book flights, hotels, and accommodations with Solana-based assets, including SOL, USDT, and USDC. Otero also stated that users will be able to receive up to 10% of their bookings' value back in SOL travel rewards through its loyalty program, alongside BTC and Travala’s native token, AVA.
Source
2️⃣ VanEck Analysts Believe Kamala Harris Presidency Might Be Better for Bitcoin 🔍
In a report published this week, VanEck's head of digital assets research Matthew Sigel and its digital asset investment analyst Nathan Frankovitz argued that a Kamala Harris presidency might be even better for Bitcoin than a second term for Trump. Specifically, they stated that a Harris presidency would accelerate Bitcoin adoption by continuing the current economic policies that would weaken the U.S. dollar.
The analysts wrote,
[W]e think that while Kamala Harris and Donald Trump are bullish for Bitcoin each presents more nuanced implications for the broader digital asset markets. Both administrations will likely maintain fiscal spending if not further accelerate, which could lead to further quantitative easing — especially if exacerbated by anti-business policies.
Singapore-based crypto exchange BingX has announced that withdrawal services on the platform will resume on Sept. 21, 2024, for certain digital assets. Specifically, withdrawals for USDT, USDC, BTC, ETH, TRX, and SOL will resume first followed by withdrawal services for other tokens and digital assets over the next two weeks. The exchange notified customers that withdrawal requests submitted before the disruption of withdrawal services have been cancelled and must be resubmitted. Vivien Lin, the chief product officer at BingX, reassured customers that all potential losses could be covered by the exchange's "sufficient reserves." Lin also told users that $10 million in stolen funds have already been frozen. The exchange is reportedly working with SlowMist, Chainalysis, and other onchain security firms to investigate the incident and recover funds.
Source
🔥 Rally Report 🔥
APTOS
The price of APT has rallied by 7% in the past 24 hours.
WHY?!
▶️ The Aptos Foundation announced its partnership with the Ignition AI Accelerator to further blockchain integration into the rapidly growing artificial intelligence sector. The Ignition AI Accelerator is backed by notable industry giants, including Nvidia, Tribe, and Digital Industry Singapore (DISG).
☄️ The Aptos Foundation will provide Ignition with resources and support for AI startups incubated by the program and assist them through global market connections. Investors see the partnership as a significant anchor for the layer-1 chain within the AI industry.
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🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🔥 Rally Report 🔥
APTOS
The price of APT has rallied by 12% in the past 24 hours.
WHY?!
💰 Foresight Ventures has announced a multimillion-dollar strategic investment in Aptos.
🧐 The Aptos team also hosted an exclusive event called ‘Aptos Day’ at today's Token2049 conference in Singapore. This also likely contributed to the pump since investors anticipated upcoming updates to be announced at the event.
If you want to buy or trade APT, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
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🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Is the four year cycle dead?
Months after the Bitcoin halving, BTC is not budging. This is the first cycle ever where more than 125 days after the halving, the price of BTC is actually down, not up. Aren’t we supposed to be on the moon by now?!
According to a new analysis, the 4 year cycle may be cooked. And not only that - it may have been dead for much longer than you think. Today, we find out if there is anything to this claim, and what it means for the crypto market.
This is a video you don’t want to miss.
🔔 MARKET MOVING NEWS! (19/09/24)
1️⃣ Fed Cuts Interest Rates by 50 Basis Points 🕯
Yesterday, the U.S. Federal Reserve announced it was lowering its benchmark fed funds rate by 50 basis points to 4.75%-5%. Notably, this marks the Fed’s first rate cut in four years following its most aggressive hiking cycle. Such rate cuts are typically interpreted as bullish for risk assets like BTC and stocks since they stimulate the economy by making it cheaper to borrow capital. The Fed stated that the move comes after it gained greater confidence that inflation was moving sustainably toward 2 percent. Fed members expect median benchmark rates to come down to 4.4% by year-end, reflecting additional rate cuts totalling 50 bps in the next two Federal Open Market Committee (FOMC) meetings.
Source
2️⃣ Donald Trump Makes His First Bitcoin Purchase On A Burger At Pubkey Bar In New York City 💸
Last night, Republican presidential candidate Donald Trump used Bitcoin to purchase hamburgers at PubKey Bar - a New York City bar and restaurant famous for accepting Bitcoin. Trump reportedly made the stop at PubKey Bar before Wednesday night's campaign rally at the Nassau Coliseum in Long Island, New York. Trump claims this is his first purchase using Bitcoin. This comes less than two days after the Republican nominee announced the launch of a token through ‘World Liberty Financial’, a crypto platform run by members of his family.
Source
3️⃣ Former Coinbase Execs Debut Stablecoin Exchange and PayPal USD Settlement Network ☄️
Former Coinbase executives Vishal Gupta and Patrick McCreary have announced the launch of True Market, a stablecoin-native and non-custodial crypto trading platform. The platform will reportedly use PayPal's PYUSD as the preferred stablecoin for settlements. TrueX, the company behind True Market, completed a $9 million seed funding from investors including Solana Foundation, Aptos, Paxos, and others. TrueX will be available in the United States, however only institutional investors will have access to it.
Source
4️⃣ Ethena Domain Registrar Hacked, Ethena Labs Warns Users To Stay Away ❌
Ethena Labs, the company behind the decentralised synthetic dollar protocol, has temporarily deactivated its frontend website after its domain registrar account was compromised yesterday. Ethena Labs has cautioned users not to interact with any site or application claiming to be Ethena. It also reassured users that the Ethena protocol was not affected by the exploit and that all customer funds remained safe.
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5️⃣ SEC Charges Defi Platform Rari Capital With Misleading Investors And Unregistered Broker Activity ‼️
The U.S. Securities and Exchange Commission (SEC) has reportedly reached an agreement to settle previously unannounced charges against DeFi platform Rari Capital. The announcement states the SEC found that Rari Capital and its co-founders misled investors and were not registered properly as brokers.
Specifically, the SEC claims that Rari Capital’s managed Earn pools, which were marketed as lending pools that would "automatically and autonomously rebalance" depositor’s crypto, were done manually instead and that the firm sometimes failed to do so. The SEC also claimed that Rari offered unregistered broker services through the Fuse platform.
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6️⃣ Fintech Giant Revolut Said to Be Planning Stablecoin ❓
According to a CoinDesk report, London-based fintech company Revolut is planning to issue its own stablecoin. The report, citing internal sources, claims the company is quite far along in creating the stablecoin. If true, this makes Revolut the most recent entrant to the stablecoin space, following the footsteps of PayPal, Ripple and BitGo.
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7️⃣ Solana Unveils New Seeker Device, Says It’s Not Just A ‘Memecoin Phone’ 📱
https://www.youtube.com/watch?v=00kEBpgL_mM
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They accused the SEC of "putting its thumb on the scale" by creating a hostile regulatory environment. They claim its assertions about airdrops in various cases and increasing warnings for additional enforcement actions have precluded American citizens from “fully realising the benefits of blockchain technology" and shaping the internet's next iteration. The letter asked Gensler a set of questions, including how the agency plans to distinguish airdrops from airline miles or credit card points. They said they want a response from Gensler by Sept. 30.
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6️⃣ WalletConnect Set To Airdrop 185 Million WCT With Native Token Launch 💰
Web3 communications protocol WalletConnect (rebranded to Reown) is reportedly set to launch its native Connect Token (WCT) on Optimism's Mainnet. The launch of the WCT token reportedly marks a significant milestone in the WalletConnect Network's decentralisation roadmap. Token holders will reportedly dictate the economic and governance structure of the network in the future. The token will be airdropped to users with registration for the WCT airdrop opening on September 24. The airdrop eligibility structure is based on the use of the WalletConnect Network.
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