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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 💸

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QCP Capital: Bitcoin volatility is expected to remain high

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Fidelity Custody wallet transferred out about 4,000 BTC (US$230 million) 8 hours ago💸

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Bitcoin ETF had a net outflow of $37.29 million yesterday🕯

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🇺🇸 US Senator Cynthia Lummis says her Bitcoin Strategic Reserve bill is the "only viable solution that positions us to cut our national debt in half by 2045." 👀

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CME Fed Watch: The probability of the Fed cutting interest rates by 50 basis points in September has increased to 45%📈

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Siemens Issues $330M Digital Bond on Private Blockchain with Major German Banks Including Deutsche Bank💥

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New York Attorney General Letitia James subpoenaed a16z and Union Square Ventures over their Uniswap investments.🤕

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Anthony Pompliano suggests that buying government-sold 🪙Bitcoin could be a memorable story, noting that millions value digital sound money principles 💭

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$13.2 billion Cantor Fitzgerald CEO says big banks and traditional finance will "all go head first into 🪙 Bitcoin" under better regulation

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Uniswap Labs was fined $175,000 by the CFTC for offering illegal digital asset transactions and must stop violating the Commodity Exchange Act 👨‍⚖️🚨

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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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🇺🇸The U.S. Federal Reserve issued a cease and desist order to United Texas Bank, a crypto-friendly institution previously associated with Stellar and Circle, citing "significant deficiencies" in its adherence to AML-related laws, rules, and regulations for crypto-related customers.

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Notional value of $796 million in BTC and $297 million in ETH options contracts will expire tomorrow⚠️

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If Bitcoin falls below $57,000, the cumulative long order liquidation intensity of mainstream CEX will reach 845 million‼️

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Ethereum Ecosystem New Token Protocol Etheism Releases Tokens, with Trading Volume Reaching $9.6 Million in 7 Hours🔹

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Coinbase Prime address 👀👀transferred out 200 million USDC half an hour ago🔥

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🇺🇸 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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🇯🇵Japan to lower maximum tax rate on 🪙Bitcoin from 55% to 20%, in line with financial assets

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🇺🇸 The US SEC postponed the decision on the "7RCC Spot Bitcoin and Carbon Credit Futures ETF" to late November ⚠️

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Ethereum CME futures trading volume hit a 9-month low in August, down 31% from the previous month 🪙 📉

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🗞 September 4, 2024 cryptocurrency news highlights

【Cryptocurrency】
BlackRock IBIT becomes the world's largest institutional Bitcoin holder, MicroStrategy surpasses GBTC to rank second💸

Ethereum on-chain liquidations hit second highest level in history in August🔝

【Economy】
US stocks rose strongly in August, the crypto market was sluggish, and high-yield USDT financial products were favored 🛍

【Indicators】
Bitcoin hash rate hit a new all-time high of 746 EH/s on September 3rd, showcasing the network's growing strength even amid recent price declines 🔝

Yesterday, the Bitcoin ETF had a net outflow of $287.78 million🕯

If Bitcoin falls below $55,000, the cumulative long order liquidation intensity of mainstream CEX will reach 746 million 😱

⚠️Plunged 98%! 🔽Shengneng Group: Some of the shares held by shareholders were liquidated

【More】
🇺🇸Donald Trump is reportedly considering Elon Musk for a role in auditing U.S. agencies that would help the government identify thousands of programs to cut if he wins the election in November

Inside the Trump Crypto Project Linked to a $2M DeFi Hack and Former Pick-Up Artist🔥

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