Bitcoin technology company River predicts that in the next 18 months, about 10% of US companies will convert 1.5% of their cash reserves (about $10.35 billion) into Bitcoin. Traditional corporate financial strategies rely on cash and short-term equivalents, but often fail to outperform inflation. Since 2020, companies with 3% Bitcoin allocations have been able to better resist inflation. — link
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Rune 2 DECENTRALIZED, etched by Ethereum NFT project CyberKongz, released a final statement that it will completely decentralize DECENTRALIZED, the team will withdraw, and said that Rune 2 has been sent to the Satoshi wallet. The team said that it cost more than $1 million to etch Rune 2 and did not expect any return. DECENTRALIZED fell 25% in the past 24 hours. — link
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NEW: 🇩🇪 German Bundestag member Joana Cotar says, "#Bitcoin is freedom. It’s our chance to reclaim sovereignty." 👏
There might be hope for Germany after all!
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"You can’t ban #Bitcoin, you can only ban yourself from benefiting from it."
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🚨 Telegram CEO Pavel Durov’s first statement since last months arrest in France 👀
Tools like #Bitcoin and NOSTR are critical.
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NEW: 🇺🇸 Federal Reserve gives United Texas Bank ‘cease and desist’ order for servicing #Bitcoin and digital asset industry❗️
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NEW: 🇻🇪 Leader of Venezuelan Opposition says "We are grateful for the lifeline that #Bitcoin provides and look forward to embracing it in a new, democratic Venezuela." 🙌
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JUST IN: 🇺🇸🇷🇺 Donald Trump says he will lift US sanctions against Russia because it's hurting the dollar.
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Ripple co-founder one of Kamala Harris' corporate endorsers, despite SEC troubles: Coindesk
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A federal judge rejected Coinbase's bid to dismiss a proposed class action by shareholders who accused the operator of the largest U.S. cryptocurrency exchange of downplaying the likelihood it would be sued by the U.S. Securities and Exchange Commission.
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A New York judge partially agreed to Coinbase's request for the U.S. SEC to provide documents, ordering the SEC to hand over key documents such as internal memos related to the "Howey Test", but rejected the subpoena request for SEC Chairman Gary Gensler. — link
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*WISDOMTREE ETHEREUM TRUST FILES TO WITHDRAW REGISTRATION STATEMENT: Bloomberg
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JUST IN: 🇺🇸 $1.78 trillion was wiped out from the US stock market in the first week of September.
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Research shows that unlocks involving 5%+ of circulating supply often lead to noticeable underperformance versus the rest of the market, especially in the seven days before and after the event — link
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Judge rejects Coinbase's bid to dismiss shareholder lawsuit over SEC risks. - Reuters
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Telegram said it has reached 10 million paying users and will launch a new feature "Businesses Nearby", showcasing legitimate, verified businesses. These businesses will be able to display product catalogs and accept payments. Telegram said it will turn moderation on Telegram from an area of criticism into one of praise. — link
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JUST IN: 🇺🇸 FED official Goolsbee says "the odds of a recession might be rising."
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VanEck announced today that it plans to close and liquidate its Ethereum futures ETF (EFUT). VanEck said it continuously monitors and evaluates its ETF offerings across a number of factors, including performance, liquidity, assets under management, and investor interest, among others. The decision was made to liquidate the Fund based on an analysis of these factors and other operational considerations. — link
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From Market Opening highs:
S&P 500 down 1.6%
Nasdaq down 2.2%
BTC down 4%
Gold stable
Apple down 2%
Nvidia down 5%
Coinbase down 6%
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