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Money & Crypto News

NEW: 🇳🇴 A Norwegian town experiences a nearly 25% spike in electricity rates for residents after the municipality shuts down a local Bitcoin mine 👀

“We want industry that creates value - so no one thinks we want a new data centre.”

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The team behind the planned NYC private club, settled with the SEC for $750k for allegedly promising NFT buyers profit expectations.🥺

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👀Bhutan mined $780 million in Bitcoin using renewable 🌱hydropower, becoming the world's 4th-largest government Bitcoin holder. ⚡️

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JPMorgan analyst expects demand for Bitcoin to increase over the next 10 years 🐂

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🗞 September 16, 2024 cryptocurrency news highlights

【Cryptocurrency】
Binance will list Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE) and apply seed tags

Bybit has secured a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA), which allows the exchange to serve both retail and institutional crypto investors in Dubai.

Economy
Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes, only fraud-related amounts in bank accounts can be frozen 👨🏻‍⚖️

Deutsche Bank: The Fed's rate cut this week will foreshadow the overall rate cut in 2024

Indicators
If Bitcoin falls below $56,000, the cumulative long order liquidation intensity of mainstream CEX will reach 487 million 🔽

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The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 48%

Trump's suspected assassination attempt is all sorted out: Bitcoin rose first and then fell, and there was no obvious reaction in the financial market 📊

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Bitcoin's domincance continues to increase currently sitting at +58% 📈

58k gang continues to stack W’s!

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Deutsche Bank: The Fed's rate cut this week will foreshadow the overall rate cut in 2024

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Spot gold hits record high at $2,588.95 an ounce 🪙

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If Bitcoin falls below $56,000, the cumulative long order liquidation intensity of mainstream CEX will reach 487 million 🔽

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Money & Crypto News

The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 48%

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Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes, only fraud-related amounts in bank accounts can be frozen 👨🏻‍⚖️

The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to inform both account holders and the courts.

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Fractal Bitcoin’s current block reward has exceeded 100 FB, and the number of FB holding addresses increased by 67,227 in 24 hours 🔼

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I haven't heard a good argument as to why you wouldn't put 1% of your liquid net worth into Bitcoin 💪

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Competition in the stablecoin market is intensifying with the emergence of new entrants such as PayPal’s dollar-pegged stablecoin PayPal USD.

Ripple Labs has begun testing its dollar-pegged stablecoin Ripple USD (RLUSD) on the XRP Ledger and Ethereum, with plans to expand to more blockchains. Tether’s USDT remains the largest stablecoin with a market cap of over $118 billion, while Tether has also announced plans for a new stablecoin pegged to the UAE dirham (AED).

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In the past 7 days, NFT sales on the Bitcoin chain have been nearly $15 million, an increase of about 28.83%.

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Grayscale GBTC had a net outflow of $20.8 million⚡️

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MSTR shares now have 17% more Bitcoin per share than they had at the end of 2023 🔥

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“Finally hit 1.5 BTC at 22 years old.”😁

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Arkham now supports monitoring Bhutan government’s 🪙 Bitcoin holding

According to Arkham data, The Kingdom of Bhutan now owns 13,011 Bitcoin worth $780 Million 💻

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🇸🇻 El Salvador President pledges not to aquire external debt to finance the budget of the country❗️

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Bybit has secured a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA), which allows the exchange to serve both retail and institutional crypto investors in Dubai.

The company aims to obtain a full operational license soon, following its move to Dubai in 2022.

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Binance will list Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE) and apply seed tags

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Trump's suspected assassination attempt is all sorted out: Bitcoin rose first and then fell, and there was no obvious reaction in the financial market 📊

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In the past 24 hours, the entire network has liquidated 128 million US dollars, mainly long orders 💵

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A shooting occurred near Trump's golf course. It is reported that the gunman was holding an AK-47 🔫

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A CNBC host called it “crazy” when Tom Lee advised a 1-2% position in Bitcoin back when it was just $5,000 in 2019 🤯

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🗞 September 15, 2024 cryptocurrency news highlights

【Cryptocurrency】
Competition in the stablecoin market is intensifying with the emergence of new entrants such as PayPal’s dollar-pegged stablecoin PayPal USD.

Economy
The number of new addresses of Bitcoin is close to the critical level with 330,000, and the prospect of the bull market has attracted market attention 💵

Bloomberg: Wall Street giants are optimistic about the potential opportunities in the field of crypto custody and are looking forward to the results of the election and clear regulation⚠️

Indicators
The total daily net inflow of US spot Bitcoin ETFs was $263.1 million yesterday, setting a record for the highest single-day net inflow 💸

The average quarterly return for Q4 in Bitcoin halving years (2012, 2016, and 2020) is ~108% 📈

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Binance is about to launch UXLINK U-margined perpetual contract with a maximum leverage of 75 times😵

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Binance is about to launch UXLINK U-margined perpetual contract with a maximum leverage of 75 times😵

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Bloomberg: Wall Street giants are optimistic about the potential opportunities in the field of crypto custody and are looking forward to the results of the election and clear regulation⚠️

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Money & Crypto News

🚨Next week's outlook: The Federal Reserve leads the "Super Central Bank Week" and Powell holds a monetary policy press conference

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