Toncoin (TON) is experiencing a rapid decrease in value, with a 46.20% drop since its peak in June 2024 at $8.28, currently trading at $5.41. This downturn has led to whales, or large-scale investors, moving their money to a rising competitor, potentially contributing to TON's continued devaluation.
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⚡️ JUST IN: Spot #Gold Reaches New Historical High of $2600.
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DBS Bank in Singapore is set to launch OTC crypto options trading for institutional clients.
A major step in expanding crypto access to big investors.
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⚡️LATEST: Circle teams up with Sony Block Solutions Labs to roll-out USDC on Soneium.
“Soneium will integrate Bridged USDC Standard and establish bridged USDC as one of the blockchain’s primary tokens for value exchange,” the announcement states.
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🔥🔥 BREAKING: Binance💰 Founder #CZ Scheduled for Release on September 29, According to Federal Bureau of Prisons Website.
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⚡️ LATEST: $USDC Issuer Circle Announces HQ Move to NYC's 1 World Trade Center
Stablecoin issuer Circle is moving its global headquarters to New York City, ahead of the firm’s planned Initial Public Offering (IPO). Jeremy Allaire, the co-founder and CEO of Circle announced the move in a Sept. 13 X post.
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JUST IN: 🇺🇸 MARA CEO says "#Bitcoin is a national security concern for this country."❗️
"The US must maintain dominance."
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Top 10 countries to adopt cryptocurrency in 2024:
1. India
2. Nigeria
3. Indonesia
4. USA
5. Vietnam
6. Ukraine
7. Russia
8. Philippines
9. Pakistan
10. Brazil
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JUST IN: 💰 $725 billion Bernstein says if Trump is re-elected #Bitcoin may reach $90,000 by this year
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JUST IN: 🇯🇵 Japan's largest power company TEPCO is mining #Bitcoin using surplus energy ⚡️
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Cryptocurrency isn’t real, so how can it have value?
This is one of the most common “strawman” arguments. It is estimated that only 2%–3% of all money as we now know exists as coins and cash. The rest only exists as entries on a digital database.
Money has value because it is useful (portable, divisible, fungible, durable, recognizable) and because it is scarce. It doesn’t matter whether money is physical or digital, so long as it fulfills those criteria. Bitcoin does.
Given that fiat (government) money is backed only by authority (and the threat of violence or sanction), ask yourself this: Why do you feel the money in your pocket has value and Bitcoin doesn’t?
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🇳🇬JUST IN: Nigeria’s SEC is set to crack down on unregulated crypto exchanges to protect investors and promote innovation in the growing market.
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Crypto speak: FUD
When trying to read the overall sentiment of the crypto market, some like to spread FUD, which stands for “Fear, Uncertainty, and Doubt.” Pundits, journalists, and random internet denizens often spread negative news, criticisms, or rumors about a project, and this creates FUD.
The central goal of FUD is to create so much panic among investors that it crashes the price of a cryptocurrency.
FUD is not exclusive to crypto; it can be applied in any industry. However, the crypto world is rife with FUD, so if you’re following a crypto whose price suddenly tanks, it doesn’t mean the project is going belly up.
It’s entirely possible that the project was a victim of FUD.
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💎 USDt on 💎 TON surpasses 1 million holders, a key milestone in crypto.
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🇨🇭 Major Swiss bank ZKB launches 24/7 Bitcoin and Ethereum trading
Switzerland’s fourth-largest bank, Zürcher Kantonalbank (ZKB), has introduced trading and secure storage for major digital assets, including Bitcoin and Ethereum, according to a Sept. 4 announcement. According to the bank, its customers can now trade BTC and ETH around the clock through its existing ZKB eBanking or ZKB Mobile Banking. It added that this was facilitated through its partnership with Crypto Finance AG, a subsidiary of Deutsche Börse Group.
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Top 4 countries by the amount of BTC on their balance!
1. USA – $12,160,000,000
2. UK – $3,670,000,000
3. Bhutan – $785,460,000
4. El Salvador – $351,750,000
Honorable mention: Germany now has "ZERO" (after a $3.56 billion sale). 😁
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JUST IN: 🇧🇹 The Kingdom of Bhutan now owns 13,011 💰 Bitcoin worth $780 Million 🙌
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💰 Tron CEO Justin Sun predicts Tron will join Bitcoin and Ethereum in the top three cryptocurrencies within two years.
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🔥 BREAKING : TON 💰 Foundation and #Curve Finance have announced a partnership to launch a new stable-swap project on the $TON platform.
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The CEO of CryptoQuant, Ki Young Ju, revealed a significant profit disparity between old Bitcoin investors and new market entrants.
His analysis shows that:
▪️Long-term investors and miners, who acquired Bitcoin at lower prices, are seeing substantial profits.
▪️New custodial wallet holders and ETF investors, who bought in at around $62,000, are currently experiencing a 6% loss.
▪️Traders who entered at $55,000 are holding a modest 3% profit.
▪️Mining firms are enjoying a 32% profit, having secured their Bitcoin at $43,000.
▪️The biggest winners are the "old whales," with a 106% gain, having bought Bitcoin at $27,000.
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🇬🇧UK High Court rules 💎Tether is legally considered property under new regulations, marking a major crypto milestone!
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💎 Revolut has added TON support for UK and EU users
The fintech platform has over 45 million customers. Soon to add support in Australia, New Zealand, Brazil and Singapore.
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🐹 Hamster 🤝🏻 Binance
The exchange announced the listing of Hamster on September 26 at 12:00 pm
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✔️ The average number of daily transactions in the TON network has increased by 160% since Pavel Durov was detained in France and reached a historic high of approaching 10 million.
✔️ The average number of daily active addresses in the TON network also reached a record at 700,000.
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🔥 JUST IN : Michael Saylor says Bitcoin is going to $13 million on CNBC 👀
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International Megacampus Summit in Dubai
Don't plan anything for December 2-3, because on these days Megacampus 2024 will take place in Dubai. This is the largest business event that will bring together 13,000 entrepreneurs, investors, influencers, and top managers from around the world. And you can be a part of it too.
What's happening at the summit:
— Talks by speakers including Richard Branson, Luc Besson, and Khabib Nurmagomedov
— 13,000 attendees - your potential clients, investors, partners, and friends
— An opportunity to network and be part of a major project.
Save it to your calendar:
📅 Date: December 2-3, 2024
📍 Location: Coca-Cola Arena, Dubai
Be sure to get your tickets before prices go up on September 1
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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NEW: 🇺🇸 Senator Lummis says, “wouldn’t it be fun if the US is buying #Bitcoin and it scares China and Russia so they start buying Bitcoin and we have an arms race over Bitcoin instead of over weapons.”
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JUST IN: 🇺🇸 FBI warns that North Korean hackers are attempting to steal #Bitcoin and crypto funds from the ETFs 👀
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JUST IN: 🚨 FTX will start repaying $16B to creditors in Q4 2024
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