🇺🇸 42 US Congressmen Demand Allowing Banks to Store Cryptocurrency – Letter

US Congressmen have sent a letter to the head of the SEC asking him to repeal the controversial accounting rule “SAB 121,” which prevents banks from storing cryptocurrency.

The names that signed the document include the well-known Patrick McHenry and Cynthia Lummis.

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⛔️ Stablecoin #TUSD is a “security” (SEC release)

Today, the SEC announced a settlement of charges against TrueCoin LLC and TrustToken - ordered to pay a fine of $340,930.

TrueCoin LLC and TrustToken Inc. were accused of “fraudulently selling investment contracts (securities) involving TrueUSD (TUSD) in an unregistered manner.”

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@Сryptoz ₿

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💥 56.1% chance #Fed will cut rate by 50 bps in November…

Earlier, markets were more likely to expect a 25 bps rate cut.

❗️Bloomberg: “CB consumer confidence index fell by a three-year low (6.9 points). In the U.S., concerns about the labor market and the overall economic outlook grew.”

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❌ Binance denies reports of leak of personal data of 12,800,000 exchange users – decrypt

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⛔️ #ETH SEC delays decision on BlackRock's Ethereum ETF options launch until November 10 – document

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🔥 #FTT Caroline Ellison (head of Alameda Research) sentenced to two years in prison – original

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@Сryptoz ₿

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🚀 #SOL VanEck predicts Solana to grow to $330 – marketvector

“Solana’s market cap has every chance of reaching 50% of Ethereum’s (#ETH) market cap.”

“The Solana blockchain processes 3,000% more transactions than Ethereum. It has 1,300% more daily active users. This demonstrates potential advantages in network efficiency and scalability.”

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🎉 Binance Exchange Announces Premarket Launch – TheBlock

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⚙️ #EOS EOS Network has undergone a Spring 1.0 hard fork – transaction processing speed has increased by more than 100 times (blog)

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@Сryptoz ₿

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🐹 #HMSTR Hamster Kombat has published an updated roadmap for 2024-2025 (roadmap)

✔ Plans: launch of a separate application, integration of payment systems, new games in the Hamster Kombat ecosystem, implementation of NFT as in-game assets.

✔ The second season of AirDrop is planned for spring 2025.

HMSTR listing unchanged - September 26.

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@Сryptoz ₿

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#mining
😳 Cryptocurrency mining equipment = "securities"...(SEC)

The SEC has filed a lawsuit against Green United, accusing it of civil fraud because "the company's clients entered into securities transactions using its mining equipment."

Green United representatives failed to convince the court to dismiss the SEC's lawsuit - the trial will continue.

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🇺🇸 PayPal Allows US Institutions to Buy, Store, and Sell Cryptocurrency – Release

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❗️🇺🇸 “The US must dominate blockchain” – Kamala Harris

▫️The US presidential candidate mentioned blockchain and cryptocurrency in her economic plan, confirming her intentions to “promote the digital asset sector.”

▫️Under her leadership, the US “will reaffirm its commitment to global leadership in the industries that will shape the next century.”

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@Сryptoz ₿

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🔥 #ENA Ethena will release a new UStb stablecoin together with Securitize and Blackrock – announcement

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@Сryptoz ₿

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🇺🇸 J. Powell did NOT comment on the monetary policy of the #Fed today…

Market expectations remained unchanged - with a probability of 56.2% the Fed will cut the rate by 50 bp in November.

J. Powell's next speech is scheduled for September 30.

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💸 #AVAX Avalanche to Allocate $40,000,000 for Ecosystem Development – coindesk

The money will go towards grants for developers.

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💸 #BTC > 65,000$

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📈 #HMSTR Futures Coming to Coinbase International and Coinbase Advanced Today – twitter

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@Сryptoz ₿

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🇨🇳 China will inject billions of $$$ of liquidity into the markets – Twitter has started to actively push the “inevitable tuzemun” theme on this basis.

❗️On Tuesday, the Central Bank of China published a “stimulus package for the economy”.

❗️The MSCI Emerging Markets Index breaks #records – the highest since November 2023.

▪️Bloomberg:
– Emerging market stocks and currencies are soaring as US macro data and Chinese government decisions increase risk appetite.
– $142,000,000,000 of liquidity will be injected into the Chinese banking system by lowering the RRR rate.
– Plus, they plan to issue sovereign bonds worth $284,000,000,000 this year.

▪️Brown Brothers Harriman:
- More stimulus from China and Fed easing (with a strong US economy) bode well for risk assets.

▪️CNBC:
- Xi Jinping and China's top leaders are calling for a halt to the housing market decline, which accounts for 25% of the country's GDP.

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🇺🇸 Billionaire Mark Cuban would like to become head of the SEC if Kamala Harris becomes US president – decrypt

He is an ardent supporter of the crypto industry + has long criticized the aggressive actions of the SEC and Gary Gesler against American crypto companies.

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🏆 #IBIT BlackRock Bitcoin ETF Trading Volume Today Was $1,180,000,000, Overtaking Gold ETF Trading Volume – HODL15Capital

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