Bitcoin Magazine published an article severely criticizing Unisat’s recently launched Bitcoin sidechain/L2 Fractal Bitcoin. The article pointed out that its large-scale pre-mine, 50% of the supply divided into ecology, pre-sale, consultants, etc., and its variant of merged mining are incentive mechanisms that are harmful to Bitcoin. — link
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According to Arkham, MicroStrategy made a large amount of changes between 1:12 and 1:59 UTC+8 today, transferring a total of 4,922.697 BTC to three unmarked new addresses: bc1qtr…w3rad7, bc1qfy…umtjgl and bc1qmk…0ecgzt, worth about $294 million. — link
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The US SEC announced a settlement with DeFi lending protocol Rari Capital and its co-founders. The SEC accused them of misleading investors and engaging in unregistered brokerage activities. Rari's co-founders agreed to pay a fine and were banned from serving as executives and directors for five years. — link
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SEC says Rari engaged in transactions involving certain crypto assets offered and sold as securities, including MATIC, LINK, FTM, UST, and RGT: Filing
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POWELL: 'NO, WE'RE NOT' DECLARING VICTORY ON INFLATION
POWELL: FED WANTS TO SEE INFLATION CLOSE TO 2% FOR SOME TIME
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Powell says that 50bps rate cuts should not be seen as the norm going forward, also says labor market bears close watching: FOMC
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Fed’s Powell: If Economy Remains Solid, We Can Dial Back Pace Of Cuts; Equally If Labor Market Deteriorates We Can Respond
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🟠 Updated MicroStrategy bitcoin Per Share following Sept 13th announcement 📈
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*FED PROJECTIONS IMPLY 50 BPS OF ADDITIONAL RATE CUTS IN 2024 FROM CURRENT LEVEL, 100 BPS MORE IN 2025, ANOTHER 50 BPS IN 2026
*FED POLICYMAKERS SEE 4.4% UNEMPLOYMENT RATE AT END OF 2024 AND 2025 VERSUS 4.2% NOW
*FED POLICYMAKERS SEE 2.0% GDP GROWTH IN 2024 VERSUS 2.1% IN JUNE
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BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50 basis points, first cut in over 4 years❗️
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BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years.
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Greekslive:The boots on the ground of the rate cut drove cryptocurrencies higher across the board, while at the same time U.S. stocks underperformed. There will be another interest rate meeting on 8 November and 19 December this year, and the market expects a cumulative 100 bps rate cut, and the next one will be overlaid on the US election, when market volatility is likely to be very high. — link
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BREAKING: 🟠 MicroStrategy increased its raise to $875 million to buy more #Bitcoin and redeem outstanding Notes 🙌
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According to Bloomberg, Trump treated his supporters to burgers at a Bitcoin-themed bar in New York on Wednesday and paid with Bitcoin. Bitcoin enthusiasts and Trump supporters at the scene gave him a warm applause. — link
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Exploding pager and walkie-talkie attacks in Lebanon have sparked concerns about the integrity of the crypto hardware wallet supply chain. - Protos
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JUST IN: 🇺🇸 Louisiana state government officially accepts Bitcoin & crypto as a valid form of payment.
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The SEC charges Rari Capital and its founders of deceiving investors and functioning as unregistered brokers. - sec.gov
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SEC charges DeFi platform Rari Capital and its founders with misleading investors and acting as unregistered brokers — sec
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SEC Charges DeFi Platform Rari Capital and its Founders With Misleading Investors and Acting as Unregistered Brokers: SEC
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The Federal Reserve announced an interest rate decision with an upper limit of 5%, compared to the expected 5.25%, and the previous rate of 5.50%.
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