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🔔 MARKET MOVING NEWS! (18/09/24)
1️⃣ Binance Denies Responsibility in WazirX Hack, Says It Never Acquired the Company ❓
In a blog post published earlier today, global crypto exchange Binance reiterated its claim that it does not own, control or operate Indian crypto exchange WazirX in any way and accused Nischal Shetty (a director of WazirX’s parent company) of making “misleading statements” to the contrary on Tuesday.
Specifically, Shetty submitted sworn affidavits to the Singapore High Court as part of an application for a moratorium to prevent creditors from taking collective action against the company. In these affidavits, Shetty made claims regarding Binance's relationship with WazirX, which Binance disputes. For context, the exchange recently suffered a hack which resulted in the loss of user funds valued at approximately $235 million. Binance claims that WazirX’s ownership dispute is “a disappointing deflection tactic” that seeks to shift responsibility.
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2️⃣ Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System ▶️
Stablecoin issuer Circle has reportedly connected its USDC stablecoin with payment systems in Brazil and Mexico for corporate customers through integrations with leading banks. The move allows the direct conversion of Brazilian Reas and Mexican Pesos into USDC, omitting the need to convert the fiat currencies into USD.
In a press release published yesterday, Circle stated,
Circle now supports local bank transfers via PIX and SPEI, the national real-time payment systems in Brazil and Mexico, respectively. Eliminating international wires can drastically reduce the time it takes to access USDC – from days to just minutes, releasing capital trapped in the lengthy settlement processes.
According to the on-chain analytics platform Arkham Intelligence, the South Asian country of Bhutan holds more BTC than El Salvador. Arkham Intelligence claimed that it is the first to publicly identify Bhutan’s Bitcoin holdings, pointing to a group of addresses holding 13,029 BTC (around $758 million). It claimed that these holdings come from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings (DHI). Arkham’s data also reveals that DHI holds 656 ETH (worth $1.5 million), along with a small amount of BNB and Polygon.
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🔥 Rally Report 🔥
FANTOM
The price of FTM has rallied by 10% in the past 24 hours.
WHY?!
📈 The rally is likely driven by bullishness for its upcoming Sonic upgrade.
⚡️ The upgrade, which is scheduled for November or December 2024, is expected to significantly enhance the network’s performance. Specifically, the Sonic blockchain will be able to process over 10,000 transactions per second (TPS) with a finality time of roughly one second. This will be a substantial improvement from the current 30 TPS of the Fantom blockchain.
If you want to buy or trade FTM, 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:
- Market-Moving Macro
- Risk ON vs Risk OFF
- Debate Feeding Frenzy
- Donald Doing DeFi
- That’s a Wrap
- Top Gainers in Crypto
Join us LIVE!
🔔 MARKET MOVING NEWS! (16/09/24)
1️⃣ Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations 🔽
The price of BTC fell to $58K earlier today amidst uncertainty surrounding the Federal Reserve's impending interest rate move on Sept. 18. Notably, traders are split on the size of the impending rate cut, with some predicting the Fed will reduce rates by 25 basis points (bps) and others expecting a bigger 50 bps rate cut.
Explaining the implications of the Fed’s decision, Marc Chandler, the chief market strategist at Bannockburn Global Forex stated,
Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50 bps). I suspect a 50 bps cut would not be good for risk assets on ideas that the Fed is more concerned about the economy and would seem to be acknowledging that it should have cut in July.
This collaboration marks a significant milestone for Circle’s mission to accelerate the adoption of our stablecoins and blockchain technology and empower creators to flourish through secure, user-friendly Web3 experiences.
Rank 6,054 out of 36 million players but got only 39 CATI. How can someone call this fair distribution? We need transparency about the token allocation.
🚨 New Video Alert!! 🚨
Our governments have been telling us that foreign powers are the biggest threats to our freedoms, when in reality, our own governments are an even bigger threat, specifically our central banks.
That’s because almost every central bank has been rushing to roll out CBDCs. This will give them (and the government by extension) the power to police every person and every transaction 24/7.
That’s why today we bring you up to speed on CBDC development around the world, and discuss the possibility that we’re going to end up with dystopian digital payments regardless of what we do.
Enjoy!
🔥 Rally Report 🔥
NERVOS NETWORK
The price of CKB has rallied by 25% in the past 24 hours.
WHY?!
📈 The rally comes after South Korea's largest exchange Upbit listed spot trading pairs for CKB paired with KRW, BTC, and USDT on Friday.
🕯 More than 50% of CKB’s trading volume today came from Upbit. The exchange saw more than $250 million in volume traded for CKB over the past 24 hours.
If you want to buy or trade CKB, 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!! 🚨
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!
🔥 Rally Report 🔥
NERVOS NETWORK
The price of CKB has rallied by 14% in the past 24 hours.
WHY?!
📈 Part of an extended rally that began when South Korea's largest exchange Upbit listed spot trading pairs for CKB last week. South Korean traders appear to be trading the asset heavily, with the price of CKB trading at a premium on Upbit compared to global crypto exchanges.
🕯 Almost 65% of CKB’s trading volume today came from Upbit. The exchange saw more than $400 million in volume traded for CKB over the past 24 hours.
If you want to buy or trade CKB, 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!! 🚨
Crypto is the future of finance, specifically DeFi. It seems that people only remember this when DeFi cryptos are rallying. Thankfully, they have been, and AAVE has been leading the pack.
Aave is the second largest DeFi protocol by total value locked, and for good reason. It makes it possible to borrow and lend crypto peer to peer without KYC or a credit score, with free market interest rates!
Big investors are starting to notice how many fees its been accumulating and are starting to load up on AAVE. As you’ll see though, this scratches the surface of what’s going on, and what comes next.
This is a video you can’t miss!
🔔 MARKET MOVING NEWS! (17/09/24)
1️⃣ Michael Saylor's MicroStrategy Plans Another $700M Convertible Note Issuance 💰
Business intelligence firm MicroStrategy announced its third debt offering of 2024, aiming to raise $700 million by issuing convertible senior notes due in 2028. The company plans to use the proceeds of the offering to pay off part of its existing debt. Specifically, it plans to redeem $500 million worth of senior secured notes with 6.125% annual yield maturing in 2028. It will use the rest of the proceeds to purchase more BTC and for general corporate uses.
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2️⃣ Donald Trump Launches World Liberty Financial, Team Unveils Token Details 🎙
Republican presidential candidate Donald Trump officially launched his cryptocurrency project, World Liberty Financial, on Monday night. In a live interview with Rug Radio, the team behind World Liberty Financial unveiled additional details about the project. They confirmed the project will offer borrowing and lending services for cryptocurrencies on the Ethereum blockchain network. They also claimed the project would be more “user friendly” and accessible than existing, highly technical alternatives. The team also revealed details about WLFI – the project’s non-transferable governance token.
The distribution of WLFI will be as follows: 63% will be sold to the public, 17% for user rewards, and 20% for team compensation. For now, the team has stated that the token will be sold only to accredited investors under a Regulation D exemption from the Securities and Exchange Commission (SEC). A portion of the net proceeds from the token sale will reportedly go to the project’s multi-signature wallet treasury reserve. The remainder will be paid to the project’s founders, team, and service providers.
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3️⃣ BitGo Launches Regulated Custody Platform For Native Protocol Tokens ‼️
Cryptocurrency custody firm BitGo has reportedly launched a regulated platform designed to custody and manage native tokens for Web3 protocols. Specifically, the custody platform enables crypto-native organisations such as foundations and protocols to programmatically manage native tokens for distribution to investors, employees, grant recipients and other stakeholders. Protocols such as Worldcoin, LayerZero, Sui and ZetaChain are reportedly among the first customers of the service.
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4️⃣ Cathedra Bitcoin Cools Off Mining To Tap MicroStrategy Playbook ❓
Canadian Bitcoin miner Cathedra Bitcoin is reportedly pivoting away from Bitcoin mining to providing general data centre services and buying Bitcoin on the open market instead. Cathedra explained that its new plan will see “all capital allocation decisions” now geared toward maximising the firm’s Bitcoin reserves on a per share basis. It claimed that this was the “most important” metric for many of its largest shareholders. Cathedra said mining Bitcoin had not provided enough shareholder value on a Bitcoin basis. Nine of the 10 largest Bitcoin miners by market cap now hold less Bitcoin per share than they did three years ago. On the other hand, other listed companies that have adopted an explicit policy of increasing bitcoin per share, notably MicroStrategy, have been rewarded by equity markets.
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5️⃣ CZ Set to Be Released From Prison on September 29 ⚡️
According to the U.S. Bureau of Prisons website, Binance founder Changpeng “CZ” Zhao will be released from custody on September 29, after serving a four-month sentence for violating the Bank Secrecy Act. The case relates to an admission that Zhao failed to set up an adequate know-your-customer (KYC) program at Binance. As part of his sentence, Zhao also agreed to pay a $50 million fine and resign as CEO of Binance, which is now led by Richard Teng.
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6️⃣ Bhutan Has Twice As Much BTC As El Salvador: Arkham 💸
https://www.youtube.com/live/XNOPSQ7yXhM?si=-NUopWIAEUiyBRrx
Читать полностью…
Decentralised public network Hedera announced that it has become a founding premier member of the Linux Foundation’s newly launched decentralised trust initiative. Hedera has reportedly contributed its entire source code, including its hashgraph consensus algorithm and all core services, tools and libraries, to the Linux Foundation. These contributions go towards a new project “Hiero,” which aims to allow developers to collaborate on decentralised trust technologies globally under an open-source and inclusive framework.
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🔔 MARKET MOVING NEWS! (15/09/24)
1️⃣ USDC Issuer Circle Announces HQ Move To New York Ahead Of IPO 💰
Stablecoin issuer Circle is reportedly moving its global headquarters to New York City. Specifically, the firm is moving into “one of the top floors of 1 World Trade Center.” Jeremy Allaire, the co-founder and CEO of Circle announced the move in a Sept. 13 X post. The move comes ahead of the firm’s planned Initial Public Offering (IPO).
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2️⃣ US Spot Bitcoin ETFs Log Highest Daily Inflows In Nearly Two Months As BTC Challenges $60,000 💸
On Friday, U.S. spot bitcoin exchange-traded funds saw their best single-day inflows since July 22. They logged a daily total net inflow of $263.1 million, the most for a single day since July 22's massive inflow of $485.9 million. The total inflow for last week was $403.8 million, rebounding from two weeks of net negative inflows. The rise in inflows comes despite BlackRock's IBIT, currently the largest such fund by assets under management (AUM), logging no significant inflows or outflows. Instead, Friday's inflows were led by Fidelity's FBTC with $102.1 million worth of inflows and Ark & 21Shares' ARKB with $99.3 million worth of inflows. Bitwise's BITB logged the third-biggest inflow with $43.1 million.
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3️⃣ Stablecoin Issuers Freeze $5 Million Worth Of Stablecoins Tied To Lazarus Group By ZachXBT ‼️
Stablecoin issuers Paxos, Tether, Techteryx, and Circle have reportedly frozen nearly $5 million in stablecoins in two wallet addresses tied to the infamous North Korean state-sponsored Lazarus hacking group. The freeze comes as a result of an investigation by blockchain sleuth ZachXBT. The on-chain sleuth stated the initial investigation was aided by employees from Metamask, Binance, TRM Labs, and Five I's LLC. ZachXBT also chided Circle for taking longer than the other issuers to freeze the tokens, a total of 4.5 months.
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4️⃣ China Targets New Money-Laundering Risks, Including Cryptocurrency 🔍
Chinese lawmakers are reportedly reviewing a draft amendment to the country’s Anti-Money Laundering Law. The amendment seeks to enhance capabilities to “monitor” and analyze money laundering risks through emerging financial technologies — including cryptocurrencies. Notably, China does not recognise virtual currencies as legal tender and strictly prohibits their circulation in the market.
Legislative Affairs Commission spokesperson Wang Xiang announced the revisions last week. The revision refines the definition of ‘anti-money laundering’, with seven types of predicate offences listed. The newly proposed legal provisions also call on the central bank and financial regulators to collaborate on guidelines to manage the risks posed by perceived money laundering threats from nascent technologies.
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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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