📰Coinbase Will Freeze ETH Withdrawals and Deposits During the Mainnet Merge

Brian Armstrong's Coinbase has announced last week that it will pause the withdrawals and deposits of Ethereum and ERC-20 tokens during the Ethereum merge as a precautionary measure.

📰 Lending Firm Hodlnaut Lays Off 80% of its Staff, Confirms Police Investigations

Days after freezing withdrawals on its platform and filing for creditors' protection, the troubled Singapore-based crypto lending firm Hodlnaut announced that it is cutting 80% of its employees.

📰FTX CEO Clarifies Misconstrued Claims of FTX.US Being FDIC Insured

The CEO of FTX cryptocurrency exchange, Sam Bankman-Fried took to Twitter on Friday by responding to misinterpreted claims that the crypto exchange is FDIC insured.

📰PayPal Joins Coinbase’s TRUST Initiative

In compliance with the financial industry Travel Rule, Paypal has joined Coinbase’s TRUST network as per the announcement by Coinbase on Tuesday.

📰 Despite US Treasury Sanction, Tether Says it will not Freeze Tornado Cash Addresses


The company behind the largest stablecoin by market cap, Tether says it will not comply with the US Treasury sanction on Tornado Cash, which means USDT holders can still use the smart contract to obfuscate their funds.

📰Today we have US PCE data, this is without a doubt the most important data point to determine what the FED is going to do going forward.

Why is PCE data so important you might ask?

📰Let us clarify that for you; Previously the FED has made it clear that PCE data is their preferred gauge of inflation. The data in June showed that it jumped to its highest 12-month gain in more than 40 years as per the Bureau of Economic Analysis. It was also evident in the recent FED meeting minutes that this metric is a point of focus in regard to future policy.

📰If PCE shows a peak in July and begins to trend lower from here we can expect risk appetite to increase and potentially even form a bottom in terms of a potential FED policy shift. Conversely when PCE has not peaked the FED will continue to tighten which will be bearish risk.

📰Binance and Mastercard Partners to Launch Crypto-to-Fiat Payment Card

The CEO of Mastercard Michael Miebach has revealed a new partnership with the world's largest cryptocurrency exchange, Binance to enable crypto holders to use its network for fiat payments in more than 90 million stores globally.

📰Union Bank Becomes the First Philippine Bank to Offer Crypto Trading Services

As businesses and the people of the Philippines are increasingly embracing cryptocurrency in their everyday transactions, the Union Bank of the Philippines has decided to take advantage of the opportunity to expand its client base and satisfy customers' needs.

CORE PCE PRICE INDEX MOM (JUL)

📰ACTUAL: 0.1%
📰EXPECTED: 0.3%
📰PREVIOUS: 0.6%

📰Binance Blocks $1 Million Account in Response to Law Enforcement Request

One Twitter user on Thursday accused the world’s largest cryptocurrency exchange, Binance, of blocking his corporate account holding about $1 million in assets since July 1.

📰FUD ALERT🚨

📰Mt.Gox isn’t releasing ALL of that 137,000 Bitcoins tomorrow. It’s just starting the repayment process tomorrow, so creditors will begin to receive their Bitcoins. The entire process will take a while.

📰Additionally, this is only for those who choose the early lump sum payment, which means they only get a portion of their BTCs. Those who wait until the end of the civil rehabilitation period will get more, which is years from now.

🌴🔰Always check your information from trustworthy sources, and don’t make any hasty emotional decisions because someone spreads FUD on socials and mass media.

📰 Ava Labs CEO Slams CryptoLeaks Following “Evil Conspiracy” Publication

On August 26, CryptoLeaks published an investigation alleging that Ava Labs, the company behind Avax cryptocurrency, instigated attacks on its competitors to impede their development.

📰 Argentinian Province Mendoza Now Accepts Crypto as Tax Payments

As cryptocurrency adoption continues to grow in Argentina and the Latin American region, Mendoza, a province in Argentina has made a move to make tax payments easy for its residents.

📰FBI Urges DeFi Platforms to up their Security Measures due to Hacking Vulnerability

The US Federal Bureau of Investigation has called on investors to tread carefully while using DeFi platforms due to the platform's vulnerability to hacking.

📰Iran Approves the Use of Cryptocurrency For Cross-border Trade Dealings

To evade US sanctions, Iran has turned to cryptocurrency for the exchange of goods imported into the country, as per a report by Industry Mines and Trade Minister Reza Fatemi Amin.

📰 FedNow Payment System Will be Launched in 2023 And Will Not Use XRP

The US Federal Reserve is currently developing a new payment system that will let financial institutions of all sizes in every community across the US to provide safe and efficient instant payment services in real-time, a service to be launched in mid-2023, according to Fed's recent release.

📰FED FUNDS FUTURES TRADERS STILL PRICING IN SEPTEMBER RATE HIKE OF 75-BASIS POINTS AFTER JOBS REPORT