🗞 September 6, 2024 cryptocurrency news highlights
【Cryptocurrency】
UK financial regulator: Only 4 of 35 cryptocurrency registration applications met the standards and were approved
【Economy】
🇻🇪 Leader of Venezuelan Opposition María Corina Machado proposes using Bitcoin as a national reserve asset.
Arthur Hayes: Bitcoin is expected to fall below $50,000 this weekend, and short selling has been carried out
🗞The total market value of the crypto market fell sharply by 13.1%, and the market stabilized on expectations of interest rate cuts
【Indicators】
The percentage of Bitcoin that hasn't moved in over ten years is now at 16.84%
A whale has withdrawn 1,145 BTC from Binance in the past four days, equivalent to about 65.07 million US dollars
Tyr Capital CEO: Bitcoin may close above $60,000 in September
【More】
Hunter Biden to plead guilty to federal tax crimes today, faces up to 17 years in prison👨⚖️
The UK's FCA reported an 87% failure rate for crypto registrations by March 31, 2024, with only 4 of 35 approved, including BNXA, PayPal UK, and Komainu.
Pavel Durov: Telegram is ready to exit markets that are incompatible with its platform principles
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🚨BREAKING: Barclays initiates coverage on MicroStrategy with a price target of $146 🙌
“MicroStrategy stock offers unique Bitcoin exposure with built-in capital generation”
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Tyr Capital CEO: Bitcoin may close above $60,000 in September
Tyr Capital Chief Investment Officer Ed Hindi said in an interview with Cointelegraph that although September is usually a falling month for BTC historically, the combination of the Fed's rate cuts and the relatively strong U.S. economy may surprise the bears. He believes that BTC is more likely to stabilize above $60,000 this month than below $60,000.
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Vitalik: There is no plan to invest in Layer 2 or other tokens in the future, and all proceeds will still be used to support the Ethereum ecosystem🔹
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Arthur Hayes: Bitcoin is expected to fall below $50,000 this weekend, and short selling has been carried out
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A whale has withdrawn 1,145 BTC from Binance in the past four days, equivalent to about 65.07 million US dollars💵
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The U.S. court ruled in favor of Coinbase, granting its motion to compel the SEC to provide key information critical to the case.
Coinbase is suing the SEC for failing to provide clear rules on how securities laws apply to cryptocurrencies, arguing that the lack of guidance creates uncertainty and exposes companies to enforcement actions.
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💳 Mastercard launches a euro debit card with Mercury, enabling Bitcoin spending from non-custodial wallets at 100M+ merchants globally. 🚀
▶️Read Here
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Donald Trump says “instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin.” 🧐
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Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot 🏦
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The percentage of 🪙Bitcoin that hasn't moved in over ten years is now at 16.84% 📊
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🇬🇧 UK financial regulator: Only 4 of 35 cryptocurrency registration applications met the standards and were approved ✔️
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🗞 September 5, 2024 cryptocurrency news highlights
【Cryptocurrency】
Uniswap Labs was fined $175,000 by the CFTC for offering illegal digital asset transactions and must stop violating the Commodity Exchange Act 👨⚖️🚨
Siemens Issues $330M Digital Bond on Private Blockchain with Major German Banks Including Deutsche Bank💥
Ethereum Ecosystem New Token Protocol Etheism Releases Tokens, with Trading Volume Reaching $9.6 Million in 7 Hours🔹
【Economy】
🇺🇸 The US SEC postponed the decision on the "7RCC Spot Bitcoin and Carbon Credit Futures ETF" to late November ⚠️
🇯🇵Japan to lower maximum tax rate on 🪙Bitcoin from 55% to 20%, in line with financial assets
glassnode: The market will continue to weaken before Bitcoin returns to the short-term holder cost price of $62,400 💸
【Indicators】
CME Fed Watch: The probability of the Fed cutting interest rates by 50 basis points in September has increased to 45%📈
💳Mastercard has partnered with Mercuryo to introduce a euro-denominated crypto debit card.
【More】
QCP Capital: Bitcoin volatility is expected to remain high
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🇺🇸 Coinbase CFO says Kamala Harris campaign is using Coinbase to accept crypto donations — Fortune 👀
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A Nvidia spokesperson clarified that they spoke with the U.S. DOJ and haven't been subpoenaed
Nvidia saw its valuation drop by as much as $360bn in a single day, though a slight recovery reduced the total loss to nearly $280bn, following news of the subpoena.
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Binance Research August report: 🗞The total market value of the crypto market fell sharply by 13.1%, and the market stabilized on expectations of interest rate cuts
👉🏼 Read here
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🪙 Coinbase's crypto lobbying spending has surged 34 times to $2.86 million since 2017
👉Read here
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Yesterday, the U.S. Bitcoin spot ETF had a net outflow of $211.16 million
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BREAKING: 🇻🇪 Leader of Venezuelan Opposition María Corina Machado proposes using Bitcoin as a national reserve asset.
Bitcoin is a "lifeline" and "vital means of resistance" 🙌
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Telegram founder Pavel Durov promises significant improvements to platform regulation after arrest in France👀
➡️ Read Here
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Pavel Durov: Telegram is ready to exit markets that are incompatible with its platform principles✈️
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Telegram CEO Pavel Durov breaks his silence after his recent arrest.
▶️Read Here
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The UK's FCA reported an 87% failure rate for crypto registrations by March 31, 2024, with only 4 of 35 approved, including BNXA, PayPal UK, and Komainu.💰
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Marathon Digital’s Fred Thiel: 🪙 Bitcoin’s Role in Reducing U.S. Debt and Strengthening National Security
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🇺🇸 Trump plans to create a government efficiency commission, with Elon Musk agreeing to lead it, focused on reducing waste and improving operations.💡
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Hunter Biden to plead guilty to federal tax crimes today, faces up to 17 years in prison👨⚖️
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💳Mastercard has partnered with Mercuryo to introduce a euro-denominated crypto debit card.
It will allow users to spend cryptocurrencies like Bitcoin directly from self-custodial wallets at over 100m merchants in the Mastercard network.
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glassnode: The market will continue to weaken before Bitcoin returns to the short-term holder cost price of $62,400 💸
👉🏼 Read here
✅@Money ⭐️Boosts
QCP Capital: Bitcoin volatility is expected to remain high
👉 Read here
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