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CoinMarketCap Announcements

Chinese Bitcoin Miners Retain 55% of Bitcoin Hashrate Despite Ban
https://coinmarketcap.com/academy/article/chinese-bitcoin-miners-retain-55percent-of-bitcoin-hashrate-despite-ban

MediaChinese Bitcoin miners continue to dominate despite a cryptocurrency ban in China.

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CoinMarketCap Announcements

Hong Kong Expands Digital Currency Project to 21 Financial Institutions
https://coinmarketcap.com/academy/article/hong-kong-expands-digital-currency-project-to-21-financial-institutions

MediaThe Hong Kong Monetary Authority has launched the second phase of the e-HKD pilot study.

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CoinMarketCap Announcements

Polymarket Eyes $50M Funding, Potential Token Launch
https://coinmarketcap.com/academy/article/polymarket-eyes-dollar50m-funding-potential-token-launch

MediaThe leading blockchain-based predictions market platform Polymarket is said to be considering raising $50 million in fresh capital, and a potential token launch.

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CoinMarketCap Announcements

Travala Integrates Solana Blockchain for Crypto Payments
https://coinmarketcap.com/academy/article/travala-integrates-solana-blockchain-for-crypto-payments

On September 21, Travala, a crypto-based travel booking platform, announced its integration with the Solana blockchain during the Solana Breakpoint conference in Singapore.

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Australia Moves to License Crypto Firms Under Corporations Law
https://coinmarketcap.com/academy/article/australia-moves-to-license-crypto-firms-under-corporations-law

The Australian Securities and Investments Commission (ASIC) is planning to extend licensing requirements to a broader range of crypto firms, not limited to exchanges.

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Elon Musk and Nayib Bukele Talk AI and Bitcoin at Tesla HQ
https://coinmarketcap.com/academy/article/elon-musk-and-nayib-bukele-talk-ai-and-bitcoin-at-tesla-hq

MediaIn a meeting that brought together two of the most talked-about figures in technology and politics, Salvadoran President Nayib Bukele visited Tesla's headquarters in Austin.

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CoinMarketCap Announcements

Bitcoin Set for "Explosive Move" as Analysts Target $85,000
https://coinmarketcap.com/academy/article/bitcoin-set-for-explosive-move-as-analysts-target-dollar85000

MediaCrypto experts are predicting that the price of Bitcoin (BTC) could explode in the latter stages of 2024.

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CoinMarketCap Announcements

Vice President Harris Signals Support for AI and Digital Assets in Presidential Campaign
https://coinmarketcap.com/academy/article/vice-president-harris-signals-support-for-ai-and-digital-assets-in-presidential-campaign

MediaVice President Kamala Harris has finally made her first public statement on AI and digital assets since she became the frontrunner for the presidency among Democrats.

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CoinMarketCap Announcements

Bitcoin Price Surges Amid Dollar Strength and Yen Weakness
https://coinmarketcap.com/academy/article/bitcoin-price-surges-amid-dollar-strength-and-yen-weakness

Bitcoin's price surged more than 6% this week, reaching a high of $63,800 following the U.S. Federal Reserve's decision to cut interest rates by 50 basis points.

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CoinMarketCap Announcements

SEC Wins as Court Dismissed Consensys Lawsuit at First Hearing
https://coinmarketcap.com/academy/article/sec-wins-as-court-dismissed-consensys-lawsuit-at-first-hearing

A Texas federal judge has dismissed a lawsuit filed by blockchain firm Consensys against the Securities and Exchange Commission, along with its commissioners including Chair Gary Gensler.

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Sky DeFi Platform to Divest Wrapped Bitcoin Exposure Amid Ownership Concerns
https://coinmarketcap.com/academy/article/sky-defi-platform-to-divest-wrapped-bitcoin-exposure-amid-ownership-concerns

Sky, formerly known as Maker, is divesting its wrapped Bitcoin following a community governance vote that was finalized on September 19.

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CoinMarketCap Announcements

Fed Rate Cut Fuels Bitcoin Rally, Wipes Out Short Positions
https://coinmarketcap.com/academy/article/fed-rate-cut-fuels-bitcoin-rally-wipes-out-short-positions

Bitcoin (BTC)'s price surged following the announcement of an interest rate cut by the Federal Reserve.

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Crypto Regulations Will Be Unaffected by U.S. Election, Binance Executive Says
https://coinmarketcap.com/academy/article/crypto-regulations-will-be-unaffected-by-us-election-binance-executive-says

MediaVishal Sacheendran, Binance's Head of Regional Markets, stated that the upcoming U.S. presidential election is unlikely to significantly influence global regulations surrounding crypto.

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CoinMarketCap Announcements

Ethereum Resilience Being Tested as DApp Activity Goes Down
https://coinmarketcap.com/academy/article/ethereum-resilience-being-tested-as-dapp-activity-goes-down

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, heads into a trying period with its decentralized application activities going down notably.

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House Subcommittee Saw Heated Debate Over the SEC's Crypto Approach
https://coinmarketcap.com/academy/article/house-subcommittee-saw-heated-debate-over-the-secs-crypto-approach

In the hearing last week before the House subcommittee, Republican lawmakers blamed the SEC and its chair, Gary Gensler, for politicizing the regulation of digital assets.

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US Republicans Unite to Oppose SEC's Crypto Custody Rule, Calling for Its Repeal
https://coinmarketcap.com/academy/article/us-republicans-unite-to-oppose-secs-crypto-custody-rule-calling-for-its-repeal

MediaMore than 40 Republicans of the United States have united in an appeal for the rescission of the contentious Staff Accounting Bulletin No. 121.

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CoinMarketCap Announcements

Celestia Foundation Raises $100 Million, TIA Bounces 17%
https://coinmarketcap.com/academy/article/celestia-foundation-raises-dollar100-million-tia-bounces-17percent

MediaThe Celestia Foundation, the team behind modular blockchain network Celestia, announced that it had raised USD $100 million in an investment round.

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CoinMarketCap Announcements

#CMCLive: Weekly Crypto Forecast 🎙️

📍 Tune in:
https://coinmarketcap.com/community/post/340094026/

This Week's Hot Topics 🔥

🔹 Post-Fed Rally: Ether Soars, Meme Coins Surge
🔹 Token2049 Highlights: FUD, Decentralization, Hedge Funds vs VCs
🔹 Digital Asset ETFs See Second Week of Inflows, Spot BTC Options Approved

...and more!

Exclusively on CMC Live 😉

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CoinMarketCap Announcements

Crypto Investment Rebound: $321 Million Flows In As Fed Cuts Rates
https://coinmarketcap.com/academy/article/crypto-investment-rebound-dollar321-million-flows-in-as-fed-cuts-rates

Global investment products in the crypto sector experienced a significant rebound, attracting $321 million in net inflows for the second consecutive week.

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CoinMarketCap Announcements

What Happened in Crypto Today: Bitcoin To Hit 85K by Year End
https://coinmarketcap.com/academy/article/what-happened-in-crypto-today-bitcoin-to-hit-85k-by-year-end

From Harris talking about crypto to analysts predicting Bitcoin to hit 85K by December, here is a 4-minute breakdown of everything important that happened in crypto today.

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CoinMarketCap Announcements

VanEck: Harris Presidency Could Turn Out Better for Bitcoin
https://coinmarketcap.com/academy/article/vaneck-harris-presidency-could-turn-out-better-for-bitcoin

MediaAnalysts at VanEck have gone through a surprise flip by indicating that Kamala Harris's presidency could turn out to be better for Bitcoin (BTC) than a second term from Donald Trump.

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CoinMarketCap Announcements

Coinbase Clears Up cbBTC Refund Policy Amid User Concerns
https://coinmarketcap.com/academy/article/coinbase-clears-up-cbbtc-refund-policy-amid-user-concerns

MediaCoinbase Chief Legal Officer Paul Grewal has come forward to clear the air on the company's refund policy.

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CoinMarketCap Announcements

Hackers Hijack Supreme Court of India's YouTube Channel for Crypto Scam
https://coinmarketcap.com/academy/article/hackers-hijack-supreme-court-of-indias-youtube-channel-for-crypto-scam

The official YouTube channel of the Supreme Court of India has been hijacked by crypto scammers promoting Ripple (XRP) investments.

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CoinMarketCap Announcements

Telegram's Catizen Game Launches CATI Token Amid Community Airdrop
https://coinmarketcap.com/academy/article/telegrams-catizen-game-launches-cati-token-amid-community-airdrop

The CATI token for Telegram's tap-to-earn game, Catizen, has officially launched for trading on multiple centralized exchanges, including Binance, Bybit, and Bitget.

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BingX Exchange Confirms "Minor Asset Loss" Following Suspicious Wallet Activity
https://coinmarketcap.com/academy/article/bingx-exchange-confirms-minor-asset-loss-following-suspicious-wallet-activity

Singapore-based virtual currency exchange, BingX, has confirmed a security breach leading to a "minor asset loss" after the company detected suspicious outflows from one of its hot wallets.

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German Regulators Shut Down 47 Crypto Exchanges in a Wide Crackdown
https://coinmarketcap.com/academy/article/german-regulators-shut-down-47-crypto-exchanges-in-a-wide-crackdown

German regulators have shut down 47 cryptocurrency exchanges, accusing them of maintaining an "underground economy" for cybercriminals.

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Louisiana Accepts First Crypto Payment via Bitcoin Lightning Network
https://coinmarketcap.com/academy/article/louisiana-accepts-first-crypto-payment-via-bitcoin-lightning-network

MediaLouisiana has officially accepted its first crypto payment, marking a significant step in the state's adoption of digital currencies for government services.

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CoinMarketCap Announcements

Telegram-Based Trading Bot Banana Gun Faces User Wallet Compromise
https://coinmarketcap.com/academy/article/telegram-based-trading-bot-banana-gun-faces-user-wallet-compromise

MediaThe Banana Gun team is currently looking into reports of compromised user wallets linked to its Telegram-based trading bot, resulting in substantial financial losses.

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CoinMarketCap Announcements

Former President Trump Used Bitcoin To Purchase Burgers at NYC Bar
https://coinmarketcap.com/academy/article/former-president-trump-used-bitcoin-to-purchase-burgers-at-nyc-bar

Republican Party presidential nominee Donald Trump has become the first former U.S. president to use Bitcoin in a public transaction.

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CoinMarketCap Announcements

Fed Cuts Rates for First Time in Four Years, Bitcoin Gains 2.8%
https://coinmarketcap.com/academy/article/fed-cuts-rates-for-first-time-in-four-years-bitcoin-gains-28percent

In a widely expected move, the Federal Reserve cut its benchmark interest rate 50 basis points on Wednesday, starting its easing cycle.

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