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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
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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993,425 different tokens have been swapped on the Uniswap Protocol this year — link
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Coinbase Ventures leads $5 million round in Vana, a network for user-owned data — link | tl;dr
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On September 17, the total net inflow of Bitcoin spot ETFs was $187 million, and the net inflow continued for 4 consecutive days. Grayscale ETF GBTC outflow was $0.00. Fidelity ETF FBTC inflow was $56.6121 million. Bitwise ETF BITB inflow was $45.3528 million. — link
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Bitget Exchange announced that its global registered user base has exceeded 45 million, with a growth rate of 1,614% in Africa, 729% in South Asia, and 216% in Southeast Asia in 2024. In addition, the recent TON projects have brought a lot of user growth in the above regions. — link
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The LayerZero Foundation announced the launch of lzCatalyst, investing up to $300 million in LayerZero integrated projects. Launch partners include a16z Crypto, Animoca Brands, Atrum, and Delphi Ventures. The lzCatalyst initiative is designed to empower developers with access to significant capital and resources. — link
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LYN ALDEN: 🟠 Imagine making an iPhone, and then twenty thousand imitators make a buggy knock-off fake iPhone with a glued-on Apple symbol that doesn't work properly. That's "#Bitcoin vs crypto" 👏
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The U.S. SEC has reached a settlement with audit firm Prager Metis, which agreed to pay $1.95 million to resolve two charges involving misconduct in its audit of FTX, falsely misrepresenting FTX's financial condition, and failing to disclose the relationship between Alameda and FTX. — link
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Republicans urge SEC to clarify how it treats crypto airdrops in letter to Gensler — link | tl;dr
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BlackRock is preparing to launch a more than $30B AI investment fund with Microsoft to build data centres and energy projects to meet growing demands stemming from AI: FT
*This Fund would be one of the biggest investment vehicles ever raised on Wall Street.
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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
Switzerland’s SIX, Europe's 3rd biggest stock exchange, explores launching crypto exchange — link | archive
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Binance Customer Support said that it will launch the telegram mini-program game Moonbix. Moonbix is a crypto-themed game launched by Binance, based on the Telegram mini-program platform; in the game, players can explore the galaxy, collect items, and improve their scores. — link
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Andre Cronje with a multiple questions survey about potential projects and their token mechanisms - x/@AndreCronjeTech
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Google Cloud today announced the launch of our new Blockchain RPC (Remote Procedure Call) service. Blockchain RPC is fully compatible with the Ethereum JSON-RPC standard, allowing developers to integrate it into their applications with a single line of code. — link
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According to Lookonchain, ETH/BTC exchange rate bull James Fickel exchanged 11,584 ETH for 450 WBTC at 0.03881 today, worth about $27 million, and still has a debt of 1,308.8 WBTC (about $78.8 million) on Aave. It lost more than 21,000 ETH, worth about $49 million, due to long ETH/BTC. — link
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JPMorgan Chase CEO Jamie Dimon said that as the largest bank in the United States, JPMorgan Chase may be one of the biggest users of blockchain technology. However, Dimon said that blockchain is just a good way to share data and continue to maintain a skeptical attitude towards cryptocurrencies. — link
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JUST IN: JPMorgan Chase CEO Jamie Dimon says the FED will cut rates by 25-50 basis points tomorrow.
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NEW: 🇸🇻 El Salvador's bonds surged yesterday, becoming the best-performing among all emerging markets, following the president's announcement of a zero deficit during his financial independence speech 🎙
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FTX’s accounting firm Prager Metis to pay SEC $1.95M to settle negligence allegations — link | tl;dr
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