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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
Bitgo's USDS is about to join the ranks of:
1. Sky's USDS
2. Sperax's USD (USDS)
3. SpiceUSD (USDS)
4. Stably USD (USDS)
What's even funnier is that there is also the United States Digital Service (USDS), which dominates Google's front page. No crytpo shows up until page two. The internal SEO marketing teams for all the USDS's must be sweating bullets wondering how they get top ranked.
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In response to the controversy caused by the recent listing of a large number of memecoins, Binance co-founder He Yi published a long article.
She revealed that Binance’s listing process involves four stages: business development, research team evaluation, committee review, and compliance audit. Read more — link
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SOUND OF AT LEAST ONE BLAST HEARD IN BEIRUT’S SOUTHERN SUBURBS, AMBULANCES HEARD
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BitGo to launch USDS stablecoin in 2024, offering liquidity rewards to institutions in an "open participation" model to stand out in the competitive stablecoin market. - Coindesk
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NEW: 🟠 Michael Saylor explains how Apple would be a Multi-Trillion dollar company if it would have bought #Bitcoin and how it makes the world a better place 🙌
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Hemi Labs raises $15m to launch modular blockchain in round led by Binance Labs — link | tl;dr
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According to Bloomberg, the hacker group Dark Angels obtained a $75 million ransom through a cyber attack on drug distributor Cencora Inc., which is the largest known cyber extortion payment record. The payment was made in three installments in the form of Bitcoin. The hackers stole sensitive data including personal information and medical data. — link
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JUST IN: Revolut to launch crypto stablecoin.
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Borderless Capital introduces $100M DePIN fund backed by Peaq, Solana Foundation — link | tl;dr
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COINDESK: Fintech Giant Revolut Said to Be Planning Stablecoin
https://www.coindesk.com/business/2024/09/18/fintech-giant-revolut-said-to-be-planning-stablecoin/
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As ETH staking yields compress to ~3%, investors flock to Liquid Restaking Tokens (LRTs), driving their value to $10B, but the $2.3B in collateral leverage and liquidity risks raise concerns reminiscent of the 2008 financial crisis. - eljhfx.substack
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Coinbase and Goldman Sachs alum launch TrueX, a new crypto exchange built on stablecoins: Fortune
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QCP: The Fed meets today and their decision will shape the path of financial markets in the medium to long term. Economists polled by Bloomberg see a 25bps cut as more likely, with 104 out of 114 predicting this outcome. We are confident that volatility will be high in the days following the meeting, as traders readjust their positions over the next few weeks. — link
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BNB Chain announced that it will use stablecoins as a core strategy to promote the adoption of real-world cryptocurrencies, and plans to promote the growth of use cases on BSC and opBNB by building a stablecoin payment infrastructure. BNB Chain invites wallet providers, payment gateways, and merchants to participate in the development of stablecoin infrastructure. — link
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Orderly Network Launches AI Bounty Program with Google Cloud and Empyreal — link
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BREAKING: 🟠 Bitcoin on exchanges hit a multi year low while hashrate just hit a new ATH 🚀
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JUST IN: 🇺🇸 Congressman Tom Emmer explains that governments are scared of #Bitcoin because “it restores what this country was built on, which is by the people from the ground up.” 💪
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Most uncertain FOMC Meeting on record in 4hrs:
*Markets are pricing in a 60% chance of a 50bps rate cut, the most uncertain spread in over 15 years. However, economists are leaning towards a 25bps cut, with only 9 out of 114 economists polled by Bloomberg expecting 50bps and 113 expecting 25bps. Wells Fargo advises investors to look beyond the 25bps vs 50bps debate and instead prioritize the Fed's forward guidance. They argue that neither outcome would be shocking and point to minimal market reactions to similar scenarios in 2001 and 2007. Wells Fargo suggests keeping an eye on the 2-year U.S. Treasury yield as a key indicator.
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Press conference with #FOMC Chair Powell at 2:30 p.m. ET: https://youtube.com/federalreserve - 𝕏/@federalreserve
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BlackRock's new research paper, titled *"Bitcoin: A Unique Diversifier,"* highlights Bitcoin's potential as a distinctive asset in investment portfolios, offering diversification benefits that set it apart from traditional financial assets. - Blackrock
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Binance Labs announced an investment in Hemi Labs, a modular blockchain network that aims to achieve better scalability, security and interoperability by integrating Bitcoin and Ethereum. Hemi plans to release multiple updates including AI data anchoring and DeFi applications in the next 12 months. — link
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Tether's second quarter 2024 audit showed that its reserves amounted to $118.4 billion, exceeding liabilities by $5.3 billion, of which more than $97.6 billion were U.S. Treasuries. This makes Tether the 18th largest holder of U.S. Treasuries in the world, surpassing countries such as Germany, the UAE and Australia. Tether has worked with 180 institutions in 45 jurisdictions around the world, freezing approximately 1,850 wallets involved in the case and assisting in the recovery of more than $113 million in assets. — link
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Fintech giant Revolut is reportedly advancing in its plans to launch its own stablecoin, aiming to expand its crypto offerings while prioritizing compliance, following its recent $45 billion valuation and U.K. banking license approval. - Coindesk
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Fintech giant Revolut said to be planning stablecoin — link | tl;dr
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Award-winning crypto influencer "Professor Crypto" deletes X account following accusations of using bots to inflate social media metrics after winning the Best Content Creator award at Token2049's DeGen Summit. - Protos
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Coinbase and Goldman Sachs alum launch TrueX, a new crypto exchange built on stablecoins: Fortune
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Bitget and Foresight Ventures jointly announced a strategic investment of US$30 million in TON token, which will be achieved by purchasing discounted TON tokens. They will be deeply involved in the governance and future development planning of the TON ecosystem, and will promote more potential dApps to quickly enter the market. — link
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Ethereum devs poised to split blockchain's next big upgrade, 'Pectra,' in two — link | tl;dr
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Arthur Hayes, founder of BitMEX, said that with the upcoming rate cut by the Fed, risk assets may fall in the short term, especially the rise in the yen exchange rate may hit the crypto market. As interest rates fall to near zero, high-yield assets such as Ethereum will benefit. When the U.S. Treasury bond interest rate is below 4%, ETH will become very attractive, or it may trigger a new round of bull market. — link
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Justin Sun vs Vitalik 🤣
https://x.com/sundog_trx/status/1836319656711258572?s=46