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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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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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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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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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JPMorgan Chase Revealed as Significant User of Blockchain Technology by Jamie Dimon
https://coinmarketcap.com/academy/article/jpmorgan-chase-revealed-as-significant-user-of-blockchain-technology-by-jamie-dimon

Jamie Dimon, the CEO of JPMorgan Chase, has acknowledged that the bank he helms is one of the largest users of blockchain technology.

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TON Blockchain Attracts $30 Million Investment from Bitget and Foresight Ventures
https://coinmarketcap.com/academy/article/ton-blockchain-attracts-dollar30-million-investment-from-bitget-and-foresight-ventures

Crypto exchange Bitget and investment firm Foresight Ventures have announced a $30 million investment in The Open Network (TON) blockchain.

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Bhutan Reveals Fourth-Largest Government Bitcoin Holdings Worth $750M
https://coinmarketcap.com/academy/article/bhutan-reveals-fourth-largest-government-bitcoin-holdings-worth-dollar750m

MediaRecent findings by blockchain analytics firm Arkham Intelligence showed that the Kingdom of Bhutan ranks fourth globally in terms of government holdings of Bitcoin.

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MoviePass Partners with Sui Blockchain to Revolutionize Cinemas
https://coinmarketcap.com/academy/article/moviepass-partners-with-sui-blockchain-to-revolutionize-cinemas

MediaMoviePass announced a partnership with the Sui Foundation to integrate blockchain technology into the subscription service for cinemas.

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SEC Faces Internal Criticism Over $750K Flyfish Club NFT Settlement
https://coinmarketcap.com/academy/article/sec-faces-internal-criticism-over-dollar750k-flyfish-club-nft-settlement

Two commissioners from the U.S. Securities and Exchange Commission (SEC) have publicly criticized the agency’s recent enforcement action against Flyfish Club.

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Crypto Project Backed by Trump Debuts WLFI Token for Accredited Investors
https://coinmarketcap.com/academy/article/crypto-project-backed-by-trump-debuts-wlfi-token-for-accredited-investors

Donald Trump has officially launched World Liberty Financial, a new cryptocurrency initiative, during a live event on social media platform X.

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Fantom's FTM Token Surges 32% Over the Past Month Amidst Sonic Upgrade
https://coinmarketcap.com/academy/article/fantoms-ftm-token-surges-32percent-over-the-past-month-amidst-sonic-upgrade

MediaFantom's native FTM token has been one of the best-performing assets amongst the large cap crypto assets over the past week, gaining over 6.6%.

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Bitcoin Dips Below $58,000 as Crypto Market Braces for Fed Rate Cut Decision
https://coinmarketcap.com/academy/article/bitcoin-dips-below-dollar58000-as-crypto-market-braces-for-fed-rate-cut-decision

MediaBitcoin (BTC) has extended losses by 1.4% to trade at $57,800.

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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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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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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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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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Arthur Hayes Warns of Possible Market Crash Amid Fed Rate Cuts
https://coinmarketcap.com/academy/article/arthur-hayes-warns-of-possible-market-crash-amid-fed-rate-cuts

Arthur Hayes, co-founder of BitMEX, recently shared his insights on potential impacts of U.S. Federal Reserve rate cuts during his keynote speech at Token2049 in Singapore.

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Circle Expands USDC Access to Latin America through Local Payment Systems
https://coinmarketcap.com/academy/article/circle-expands-usdc-access-to-latin-america-through-local-payment-systems

MediaCircle announced new integrations with local payment systems in both Brazil and Mexico.

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‘Kimchi Premium’ for Crypto Returns as South Korean Market Heats Up
https://coinmarketcap.com/academy/article/kimchi-premium-for-crypto-returns-as-south-korean-market-heats-up

MediaThe Kimchi Premium, a well-known dynamic of the crypto market in South Korea, has returned after several months.

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Bitcoin Surges to $61,000 But Derivatives Markets Give Conflicting Signals
https://coinmarketcap.com/academy/article/bitcoin-surges-to-dollar61000-but-derivatives-markets-give-conflicting-signals

MediaBitcoin (BTC)'s price surged 6.4% in less than 12 hours on September 17, breaking through the $61,000 level for the first time in three weeks.

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WalletConnect Launches Native Token on Optimism Mainnet, Plans 185M Token Airdrop
https://coinmarketcap.com/academy/article/walletconnect-launches-native-token-on-optimism-mainnet-plans-185m-token-airdrop

WalletConnect, a protocol that facilitates connections between crypto wallets and decentralized applications, is set to launch its native Connect Token (WCT) on Optimism’s OP Mainnet.

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MicroStrategy Announces Third Debt Offering of 2024, Aims to Raise $700M To Buy BTC
https://coinmarketcap.com/academy/article/microstrategy-announces-third-debt-offering-of-2024-aims-to-raise-dollar700m-to-buy-btc

MicroStrategy announced the details of its third debt offering of 2024, underlying its commitment to Bitcoin.

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Ethereum (ETH) Underperforms Against Bitcoin as ETHBTC Reaches 42-Month Low
https://coinmarketcap.com/academy/article/ethereum-eth-underperforms-against-bitcoin-as-ethbtc-reaches-42-month-low

MediaEthereum (ETH) is at a three-and-a-half-year low against Bitcoin, a level last seen in April 2021.

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Crypto Critic Senator Warren Calls for 75 Basis Point Interest Rate Cut
https://coinmarketcap.com/academy/article/crypto-critic-senator-warren-calls-for-75-basis-point-interest-rate-cut

MediaSenator Elizabeth Warren is calling for a dramatic cut in interest rates, a move which could benefit not only traditional but crypto markets.

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