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- We are here to help the crypto community and provide the recent crypto news and market analysis by the experts. We have been in the market since 2013. ⚡️ Owner: @napoleon
JUST IN: 🇺🇸 Donald Trump says he will charge a 100% tariff on countries shifting away from the US Dollar, if elected President.
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NEW: 🇺🇸 A new report from River, a Bitcoin fintech company, predicts that 10% of U.S.-based companies will convert 1.5% of their treasury reserves—equating to roughly $10.35 billion—into #Bitcoin over the next 18 months 👀
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FUN FACT: 🇸🇻 El Salvador adopted #Bitcoin as legal tender 3 years ago today 🙌
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Tether diversifies with a $100M investment in an agriculture firm, expanding beyond AI, Bitcoin mining, and digital education as stablecoin competition intensifies. - CoinTelegraph
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🟠 Giant #Bitcoin logo projected in the German Parliament 🇩🇪
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GREG FOSS: 🟠 “Bitcoin is being traded as a risk asset, when in fact #btc is “protection” or insurance.” 💪
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USDT issuer Tether has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its investments into the agriculture and food sectors. Adecoagro is a major milk producer in Argentina and manages more than 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. — link
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The chairman of the Russian Industrial Mining Association said that miners based in Russia mined about 54,000 bitcoins (worth more than $3 billion) in 2023, generating about 50 billion rubles (about $556 million) in tax revenue for the Russian government. Russian President Vladimir Putin has just signed a law that will legalize cryptocurrency mining from November. — link
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The Penpie hacker has deposited the last 1,661 ETH into Tornado Cash today. This means that the $27 million in assets (about 11,261 ETH) stolen from Penpie by the Penpie hacker have all been transferred through Tornado. Penpie had earlier told the hacker that it was willing to negotiate a bounty to return the funds safely, offer the opportunity to become a white hat, and would not take any legal action. But the hacker seemed to ignore it. — link
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Friend.tech assigns 0x000 as admin and owner of contracts. Is this the end? - 𝕏/@friendtech
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🇩🇪 German parliament member Joana Cotar said "it is very important" that more german parliament members understand #Bitcoin.
Germany selling 50k #BTC "was something very, very upsetting." 👀
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FYI: 🟠 In terms of uptime, Bitcoin is already older than the stock market 🔥
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QCP: Nvidia (NVDA) continued to sell off, weighing down on broader US equities indices and crypto prices. Even as crypto gapped lower overnight, the options market was relatively calm. The desk even saw large put selling through the session. We are observing front-end vols drifting lower as spot consolidates into the weekend. — link
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Following up on our earlier story,
Friend.Tech, once a leading Web3 social network, shuts down after developers renounce control over its smart contracts following a lackluster airdrop and Version 2 launch. - The Block
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Crypto industry faces internal divide over strategy for influencing the 2024 U.S. elections. - Politico
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Polymarket is rumored to launch a token, sparking speculation and prompting traders to farm for a potential airdrop as its crypto prediction market rises in popularity. - decrypt.co
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Sony Bank partners with Startale Labs to develop a Japanese yen-pegged stablecoin, leveraging blockchain technology through its Soneium network, positioning Sony as a key player in Japan's digital economy and Web3 innovation. - 𝕏/@neurolauncher
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Multicoin partner Kyle Samani said that interoperability issues have a direct impact on Ethereum's price performance. Many users are frustrated with cross-chain operations. Vitalik needs to promote the establishment of an interoperability standard so that all Layer 2 projects can reach a consensus. — link
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Opinion: Travis Kling: Why Crypto is experiencing Pervasive Quiet Quitting
The crypto community has lost momentum, enthusiasm, and faith in the potential of crypto projects to solve real-world problems and gain widespread adoption. VCs continue to sell off projects that have no use to retail investors at huge profits. Bitcoin and stablecoins have found their niche, while other cryptocurrencies are lost in the ocean. Read more — link
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Catizen, a TON mini-game invested by Binance, claims to have 34 million users in the six months since its launch and to be ranked first in revenue among all Telegram applications, with 800,000 paying users and an ARPPU of $33. The above data may be mainly driven by the volume of airdrops. — link
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Justin Drake of the Ethereum Foundation said in an AMA that unless ETH actually becomes the programmable currency of the Internet, Ethereum cannot become the settlement layer of the value Internet. In addition, he believes that global lottery will become a readily available application on Ethereum based on verifiable randomness, with a commission close to free (the government usually takes 50%). — link
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Treasury Secretary Janet Yellen said that she believes the U.S. economy is healthy and that recent months of cooler jobs data is a signal of a soft landing, not a recession. Yellen said the U.S. is not seeing meaningful layoffs and the economy is “deep into a recovery.” — link
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JACK MALLERS: 🟠 Bitcoin is the exit door, a way to protect yourself from government-induced currency debasement." 💯
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🟠 Bitcoin will unite a deeply divided country - and eventually the world 🌎
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NFT marketplace Magic Eden’s daily volume has recently surged from $1 million to an average of $30 million, and peaked at $60 million. The surge in volume is related to Magic Eden’s upcoming utility token, ME. Magic Eden has an 80% market share in Bitcoin Ordinals and Runes trading. — link
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“The longest most honest decentralized and secure chain wins overtime.”
- Jeff Booth on #Bitcoin
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According to DLNEWS, Switzerland's fourth largest bank, Cantonal Bank Zurich (ZKB), announced the launch of cryptocurrency trading and storage services, supporting Bitcoin and Ethereum. The service has been integrated into ZKB's existing channels, including its electronic banking and mobile banking, and customers can conduct cryptocurrency transactions around the clock. — link
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On September 6, the total net outflow of Bitcoin spot ETFs was $170 million, and the net outflow continued for 8 consecutive days. Grayscale ETF GBTC outflowed $52.871 million, and Fidelity FBTC outflowed $85.52 million. Currently, the total net asset value of Bitcoin spot ETFs is $48.243 billion, falling below $50 billion. — link
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