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🔔 MARKET MOVING NEWS! (14/09/24)
1️⃣ MicroStrategy Buys Additional 18,300 BTC For $1.1 Billion, Taking Holdings To 244,800 BTC 💸
According to a recent SEC filing, the business intelligence firm MicroStrategy acquired an additional 18,300 BTC between Aug. 6 and Sept. 12. The coins were acquired for approximately $1.11 billion at an average price of $60,408 per BTC. The latest acquisition reportedly brings the company’s total holdings to 244,800 BTC (worth roughly $14 billion). It also brings the average price paid per BTC to $38,585.
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2️⃣ Tether Hires PayPal Government Affairs Ace 💰
Stablecoin issuer Tether has reportedly appointed Jesse Spiro as its new head of government affairs. Notably, Spiro brings over six years of experience in government and regulatory relations within the blockchain space. He previously served as PayPal's Head of Regulatory Relations for its Blockchain and Digital Currencies Business and as blockchain analytics firm Chainalysis’ Chief Government Affairs Officer.
Addressing his new role, Spiro stated,
Tether plays a significant role in the current and future development of the digital economy and U.S. dollar hegemony. The ever-evolving legislative and regulatory landscape will continue to require strong collaboration between the public and private sectors. Through education and engagement, I look forward to working with industry, lawmakers, and government agencies as we continue to grow Tether and the ecosystem together.
Being at one of the many helms that is the complex ship of Ethereum is an all-consuming experience, and although one of the greatest experiences of my life, it is one that I'm ready to relinquish, making space for other things. I showed up many years ago as 'a random person from the internet.' I found the doors wide-open. I found my place and got a few things done. And, now I'm ready to take a step back and come up for air.
A large majority of Ethereum Layer 2 Starknet’s STRK token holders have reportedly voted to approve the implementation of staking within its network. STRK staking is expected to go live on the testnet soon, followed by the mainnet in the fourth quarter of this year. Specifically, the network will allow token holders with at least 20,000 STRK to become stakers while others may delegate to them. A minting mechanism that aims to strike a balance between rewarding stakers and setting inflation expectations was also approved in the vote. Eli Ben-Sasson, CEO of StarkWare, noted that the staking governance vote was a step toward further infrastructure decentralisation.
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🔔 MARKET MOVING NEWS! (12/09/24)
1️⃣ India and Nigeria Lead the World in Crypto Adoption Again, but Indonesia Is Fastest Growing: Chainalysis 📈
According to blockchain analytics firm Chainalysis' annual report released Wednesday, India and Nigeria have maintained the top two positions globally in terms of grassroots crypto adoption. Indonesia ranked third, jumping four places from last year, making it one of the fastest-growing crypto markets. Specifically, the report noted that Indonesia has the highest year-over-year growth at nearly 200%. The U.S. maintained its fourth position from 2023, while Vietnam fell from third to fifth.
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2️⃣ UK Introduces Bill to Classify Crypto Assets Like Bitcoin and NFTs as Personal Property ☄️
Yesterday, the United Kingdom government introduced a bill in Parliament that aims to clarify the legal status of digital assets by recognising them as personal property under English and Welsh law. This reportedly includes cryptocurrencies, NFTs and tokenised real-world assets (RWAs). The ministry described the bill as a “first” for “British history,” as it will create a third category of personal property, expanding beyond the current classifications of "things in possession" and "things in action," if passed. Justice Minister Heidi Alexander notes the bill was drafted to maintain Britain’s “pole position in the emerging global crypto race” and attract more businesses and investments.
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3️⃣ CFTC Partners Up To Warn On Crypto Pig Butchering Scams 🛡
The U.S. Commodity Futures Trading Commission’s (CFTC) Office of Customer Outreach and Education (OCEO) has reportedly partnered with the American Bankers Association Foundation, a "private regulator" and other federal agencies to warn consumers about “pig butchering” crypto investment scams.
The partnership will see each entity distribute an infographic to help viewers recognise and avoid "pig butchering" schemes. The list of partnered federal agencies includes the SEC’s Office of Investor Education and Advocacy (OIEA), the Financial Industry Regulatory Authority (FINRA), the Department of Homeland Security, the Secret Service, the FBI and the IRS. The OCEO will also reportedly collaborate with the OIEA and other organisations to develop an investor alert related to pig butchering scams.
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4️⃣ Trader’s Acquisition Of $1.5M CryptoPunk For $23K Raises Eyebrows ‼️
Punk #2386, a rare Ape-themed CryptoPunk with a headband and small shades, was reportedly acquired yesterday by a trader for only 10 ETH ($23,000). Notably, the acquisition at such a low price came despite the NFT having a current bid of over 600 ETH ($1.5 million).
This is due to the acquisition being facilitated by an over-looked smart contract mechanism. Specifically, CryptoPunk #2386, was one of the few NFTs fractionalised through a now-defunct platform called Niftex. The purchaser reportedly triggered a smart contract mechanism that allows any shareholder to propose a “shotgun” buyout, giving them a chance to purchase the piece after setting a price. If no one counters their bid, the asset will be transferred after 14 days. In this case, the trader proposed a buyout for only 10 ETH on Aug. 28. Surprised onlookers described the acquisition as either a “heist” or a brilliant play.
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5️⃣ CleanSpark Buys Seven Bitcoin Mining Facilities In Tennessee For $30 Million 💰
Bitcoin miner CleanSpark has reportedly agreed to purchase seven cryptocurrency mining facilities and their associated land in the Knoxville, Tennessee, area for total cash payments of $27.5 million. The new acquisition is expected to boost CleanSpark’s hashrate by 22%. The seven facilities have capacities ranging from 10 megawatts (MW) to 20 MW, for a total of 85 MW. This translates to a price of roughly $324,000 per megawatt. The company anticipates the deal to close by Sept. 25.
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According to media reports, a solo BTC miner beat a number of powerful mining pools to receive a $181,000 reward after successfully mining block 860749 on Tuesday. According to Bitcoin block explorer Mempool.space, Block 860749 contained 5,935 transactions with a reward of 3.169 Bitcoin worth around $182,505. The block rewards were given to ‘Solo CK’ - a mining pool combining the hashrate of multiple smaller miners. However, the Solo CK mining pool only distributes the reward to the one responsible for solving the block. In this case, the successful miner used 629 petahashes worth of hashrate when the block was solved. This represents a tiny 0.098% of the total power securing the blockchain.
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🔔 MARKET MOVING NEWS! (10/09/24)
1️⃣ Global Crypto Investment Products Record Largest Weekly Outflows Since March: Coinshares 🔍
According to CoinShares’ latest report, digital asset investment products recorded net outflows of $725.7 million last week. This is the highest weekly net outflow since March. The report states that most of last week’s outflows were from the U.S. market, registering $721 million in net outflows. This includes $706.1 million in net outflows from the U.S. spot Bitcoin exchange-traded funds alone, with their eight-day negative streak now totalling nearly $1.2 billion.
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2️⃣ Ether.Fi to Launch Visa 'Cash' Card on Scroll Network ⚡️
Liquid restaking platform Ether.fi has announced the launch of ‘Ether.fi Cash’ – a new “crypto-native” credit card that will settle transactions on the Ethereum layer-2 scaling network ‘Scroll’. The credit card will reportedly allow users to pay with cryptocurrency “anywhere Visa is accepted.”
Ether.fi says the card is non-custodial and that users can finance purchases by borrowing against yield-bearing crypto assets including Ether.fi’s liquid restaking token ‘eETH’. The card is currently in use internally at Ether.fi and will start shipping out to pre-order customers on Sept. 16.
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3️⃣ Judge Issues Temporary Stay In Kalshi V. CFTC Election Betting Case ☄️
Judge Jia M. Cobb for the U.S. District Court for the District of Columbia has reportedly ordered a "temporary administrative stay" on an order that previously allowed prediction market Kalshi to list event contracts on the United States presidential election outcomes. The stay will last for a period of three days, after which the court will hold a hearing on Thursday. Depending on the outcome of the hearing, Kalshi may still be able to list the markets as soon as Friday.
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4️⃣ FBI Reports a 45% Surge in Losses Tied To Crypto Fraud In 2023 📈
The United States Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center has released its cryptocurrency fraud report for 2023. The report reveals that Americans lost $5.6 billion due to cryptocurrency fraud in 2023, up 45% from 2022. The FBI stated that crypto-related complaints represented 10% of total financial fraud complaints, but almost 50% of the total lost that year. The most number of complaints were filed by people over the age of 60, followed by consumers in their 30s and 40s. Investment scams were the most reported crime.
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5️⃣ FTX Finalises Settlement With Emergent Over $600M Robinhood Shares Claim ‼️
Bankrupt crypto exchange FTX has reportedly proposed a $14 million deal with Sam Bankman-Fried-founded Emergent Technologies in which the latter firm will assign its claims in Robinhood shares to FTX debtors. FTX plans to use the $14 million to pay for Emergent’s administrative expenses related to its withdrawal of a petition to claim 55 million Robinhood shares and cash worth over $600 million in total. According to a motion by CEO John Ray III filed last Friday, the settlement provides a path for Emergent to quickly resolve its bankruptcy case in Antigua and also helps FTX recover more money for its creditors and avoid further litigation costs.
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🔔 MARKET MOVING NEWS! (09/09/24)
1️⃣ Tether Addresses $102 Million Agricultural Investment: Land Is "Crucial Asset Class" 💰
According to recent filings, stablecoin issuer Tether has invested $100 million to acquire a 9.8% stake in Latin American agricultural giant Adecoagro, making it the company's third-largest shareholder. This is the stablecoin giant’s first investment in the agriculture and food sector. The investment was made between July 29 and August 16 of this year.
According to local news site Ámbito, Adecoagro is Argentina's largest producer of milk and rice. Explaining the company’s investment in this segment, a Tether spokesperson stated,
Tether views land as a crucial asset class, complementing its existing investments in Bitcoin and gold. Land is inherently scarce, provides long-term yield, and has historically served as a safe haven during periods of geopolitical instability.
🔔 MARKET MOVING NEWS! (08/09/24)
1️⃣ CFTC Files Emergency Motion Seeking To Stop Kalshi Listing Election Prediction Contracts ‼️
The U.S. Commodities and Futures Trading Commission (CFTC) has reportedly filed an emergency motion to block the U.S. prediction market Kalshi from offering election betting contracts. Notably, the submission comes just hours after a judge struck down a previous CFTC order halting Kalshi’s election markets.
Specifically, the CFTC’s motion seeks an emergency stay of the judge's decision for at least two weeks following the issuance of the court’s detailed opinion explaining why it overruled the order. The CFTC argued that without the “benefit of the Court’s reasoning,” it is unable to make an informed decision “whether to appeal nor is it able to fully brief a motion for stay pending any forthcoming appeal.” It stated that "time is of the essence" since Kalshi could potentially list regulated elections contracts as soon as Tuesday morning. The regulator stated that it would suffer "irreparable injury" if the contacts were to begin trading since it likely won't be able to revoke approval later.
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2️⃣ Elon Musk’s ‘DOGE’ Gov Meme Sends Political Speculation Soaring 🔍
In a recent post on X, Tesla founder Elon Musk teased the idea of establishing himself as the head of a new government institution once former United States president Donald Trump claims the Oval Office again in the November 2024 election. Notably, Trump recently vowed to create a government efficiency commission. The commission would supposedly conduct “a complete financial and performance audit of the entire federal government” and make recommendations for drastic reforms.
Hinting at potentially heading this commission, Musk’s post featured AI-generated image with a double-entendre referencing both cryptocurrency and politics. The AI-generated image showed Musk seated behind a desktop placard with the letters “D.O.G.E.” printed on it. The image was accompanied by text reading “Department of Government Efficiency.” For context, DOGE is also the ticker of Musk’s favourite memecoin – Dogecoin.
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3️⃣ Roaring Kitty Returns With Cryptic X Post, Solana-Based CHEWY Memecoin Soars 28% 📈
After an over two-month hiatus, Keith Gill (aka ‘Roaring Kitty’) returned to social media with a cryptic X post depicting Solana-based memecoin Chewy (CHWY). Specifically, Gill shared an image from the movie Toy Story. It shows the scene where Andy drops his favourite toy, Woody. In Gill’s post, Woody has been replaced by the Chewy token logo. Notably, Gill had revealed a 6.6% ownership in the online pet food retailer Chewy, earlier in July. While the post resulted in Chewy’s price rallying nearly 28% against SOL, some believe Gill’s cryptic post suggests that he is dropping the Chewy company, not endorsing it.
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🚨 New Video Alert!! 🚨
Corporate debt is going incognito.
IPOs have gone the way of the mullet. Corporate bonds are passe. And now, even calling the bank for a loan is for shmucks. All of these traditional ways of raising capital are being replaced by private credit, aka shadow banking.
Private credit is a market so private that all we know is that it’s booming like crazy. Wall Street loves it. And TradFi media and regulators can’t stop talking about it either, but they’re starting to sound worried.
Today, we break down what private credit is, why it is exploding, and if it might turn into rocket fuel for a new recession. This is a video you don’t to miss.
🔥 Rally Report 🔥
POPCAT (SOL)
The price of POPCAT has rallied by 10% in the past 24 hours.
WHY?!
‼️ Crypto exchange Kraken announced that it will be listing POPCAT in its spot market on September 19th at 15:00 UTC
😺 Another factor influencing a rally among cat-themed memecoins as a whole is the Telegram mini game Catizen’s recent airdrop announcement. Specifically, Catizen developer Pluto Studio announced yesterday that it will take a snapshot of player’s in-game progression before revealing token allocations on Saturday morning.
If you want to buy or trade POPCAT, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🔔 MARKET MOVING NEWS! (13/09/24)
1️⃣ Donald Trump To Launch World Liberty Financial Crypto Platform On Sept. 16 ⚡️
Republican presidential candidate Donald Trump’s crypto project World Liberty Financial will reportedly launch on Sept. 16. The announcement was made yesterday in a video posted on X.
Trump stated,
Join me live on Twitter Spaces at 8 p.m. this September 16 for the launch of World Liberty Financial. We're embracing the future with crypto and leaving the slow and outdated big banks behind.
🚨 New Video Alert!! 🚨
We need to talk about ETH.
The altcoin king has been falling against BTC for two years now. ETH maxis are looking at their portfolios in disbelief and asking “is thing on”?
With sentiment around Ethereum at rock bottom, it’s time to address some tough questions.
Why is ETH down only? Is it the devs dumping on us? And what happened about those bullish ETFs?
If you want answers, this is a video you can’t afford to miss.
🔥 Rally Report 🔥
ARTIFICIAL SUPERINTELLIGENCE ALLIANCE
The price of FET has rallied by 10% in the past 24 hours.
WHY?!
🎙 The Artificial Superintelligence (ASI) Alliance has announced the addition of Cudos, a decentralised cloud computing provider, to its banner. The addition, which is pending community approval, will make Cudos the fourth project to join the Alliance.
⚡️ Cudos’ integration with the Alliance adds decentralised cloud computing network capabilities to the group, reducing reliance on centralised providers like Amazon. The vote to pass the proposal is scheduled for Sept. 19-24.
If you want to buy or trade FET, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
What are token vesting schedules and how do they impact on the price of a token? Which projects have acceptable vesting schedules and which are red flags? What are some tools that you can use to filter the best projects?
This was all recently broken down in an interview that we did with the CEO of token unlocks - the preeminent tokenomics and vesting analytics tool on the market.
So, if you are interested in learning about token unlocks and vesting schedules, this is a vid you can't miss!
🚨 New Video Alert!! 🚨
SEC Chair Gary Gensler’s war on crypto is deeply unpopular, and not just with the crypto community.
US politicians, federal regulators, judges, and even a fellow SEC commissioner or two are getting sick of his regulation by enforcement. With his back against the wall, Gensler needs all the backup he can get. Who might he turn to, and how could they help?
Today, we investigate the SEC’s trusty sidekick - who they are, how they’re supporting the war effort, and why you should care.
This is a video you can’t miss!
🔔 MARKET MOVING NEWS! (11/09/24)
1️⃣ tZERO Secures Approval to Custody Digital Assets, Becoming Second Firm to Get US Regulators' Sign Off 🤔
Financial technology firm tZERO Group Inc has reportedly received approval from the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) to become a special purpose broker-dealer in the U.S. Notably, this makes tZERO the only other firm to receive the license after Prometheum. The license allows the firm to custody digital asset securities on behalf of retail and institutional clients.
Alan Konevsky, executive vice president and chief legal & corporate affairs officer of tZERO stated,
Now, as a result of this effort and philosophy, we are at the very avant-garde of regulatory innovation in the United States as one of only two broker-dealers entrusted by the regulators to custody digital asset securities. We will leverage this unique opportunity, on behalf of the digital asset industry at large, to illustrate how positive regulatory clarity can produce real-world innovation, novel products and real commercialisation across a range of traditional financial and real-world assets — as we advance towards an integrated regulated infrastructure layer and connective tissue for compliant digital assets.
🚨 New Video Alert!! 🚨
Everyone has been talking about Helium lately. This is not surprising considering its HNT token is one of the few cryptos that has been pumping while the rest have been dumping. This is for good reason.
Helium seems to have achieved what many other crypto projects are trying to: actual mass adoption with a real world use case that people would use. In Helium’s case, that’s Helium Mobile.
The growth of Helium’s Mobile plan has been nothing short of exponential, and though the fundamental demand its created for HNT is still small, the trend is clear, and it makes for a very bullish narrative.
If you hold HNT or are considering it, this is a video you need to watch.
🔥 Rally Report 🔥
ARTIFICIAL SUPERINTELLIGENCE ALLIANCE
The price of FET has rallied by 12% in the past 24 hours.
WHY?!
📈 The rally comes after the team announced a new update for the Fetch.ai Wallet.
‼️ The update introduces governance features, auto-lock, and new branding from its recent merger with SingularityNET and Ocean Protocol.
If you want to buy or trade FET, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 Livestream Alert!! 🚨
It’s time for another weekly crypto review!
Today we cover:
- Jobs Crash Crypto
- Whales Are Accumulating
- Ripple Making Waves
- Liquidations Driving Volatility
- Telegram Upping Moderation
- Top Gainers in Crypto
Join us LIVE!
🔥 Rally Report 🔥
TONCOIN
The price of TON has rallied by 7% in the past 24 hours.
WHY?!
📈 Part of a larger rally seen among tokens in the TON ecosystem. This comes after a series of bullish developments over the weekend.
▶️ Notably, Telegram founder Pavel Durov finally broke his silence on his arrest in France and addressed the issue on his public Telegram channel. Telegram mini-app Catizen revealed that it was the highest earning app on Telegram with 800,000 paid users at an average of $33 average revenue per paying user. The TON Foundation also announced that it was allocating $24 million worth of TON to support the growth of DeFi on the network.
If you want to buy or trade TON, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Everyone knows about the WEF, yet it seems only a few people know about its summer conference. It’s typically held in China, and it features up and coming ‘leaders’ and ‘shapers’ handpicked by the WEF.
This year’s so called ‘Summer Davos’ seems to have flown under the radar, so we figured it was only appropriate to cover it. Not surprisingly, it wasn’t nearly as elaborate as the actual Davos summit.
What was surprising however was just how significant the few things it revealed were. These could have profound implications for your future and your investments. Watch until the end to know why!
🔥 Rally Report 🔥
SUI
The price of SUI has rallied by 10% in the past 24 hours.
WHY?!
🎙 The rally seems to be triggered by bullish sentiments for the project following the launch of its ‘Suitember’ marketing campaign. The team has announced that it will announce several significant developments for the ecosystem during the month of September. The first of these was the launch of its SuiPlay0x1 device a few days ago.
🕯 The rally also seems to be boosted by a spike in short liquidations. Data from Coinglass shows that over $2.8 million in shorts and $400K in longs were liquidated over the past 24 hours. This is in line with previous volatile trading activity seen for the token every time it hovers over the $1 price mark.
If you want to buy or trade SUI, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!
🔗 https://www.coinbureau.com/deals/trading/blofin-cb/
Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
Layer 2s have played an integral role in supporting Ethereum’s scalability. The problem is, there are now so many L2s out there that finding the best ones can be a bit like searching for a needle in a haystack.
However, this doesn’t mean you shouldn’t be paying attention. That’s because some layer 2s have seen a lot of adoption, and some even managed to accrue more in total value locked (or “TVL”) than other L2s with much bigger market caps. Naturally, this means that these L2s could have serious potential, particularly as the bull market returns to full swing.
Today, we’ll be going over the top 5 Ethereum Layer 2s by TVL. We’ll explain what they are, what they’ve been up to, what they have planned in the future, and what this could mean for the Layer 2 ecosystem.
So sit back, relax, and enjoy! Oh - and don’t forget to show that like button some love on your way in!!