Are you not excited yet? Historically, the most favorable months for crypto market are ahead of us 🔼

All of this also overlaps with the American elections, which are also a bullish event every time 🇺🇸

US inflation falls to 2.5%, lower than expectations (2.6%) 👍

• CPI (MoM) increased by 0.2%, matching both estimates and the previous month’s figure.

• Core CPI (MoM) rose by 0.3%, slightly higher than the 0.2% forecast.

• Core CPI (YoY) remained steady at 3.2%, in line with both the estimate and the previous reading.

The crypto market is reacting with a dump, apparently speculators want the Fed to lower the rate by 0.5% and today's data is not conducive to that 🤔

The US Securities and Exchange Commission has collected $4.68 billion in fines from the crypto sector in just 9 months of 2024 💸

It turns out that fining people after threatening them with a lawsuit is actually profitable. This record amount marks a 3,018% increase compared to fines collected in 2023 📊

✅ Asian markets and U.S. stock futures experienced a downturn, with Bitcoin dropping over 2% after US CPI data was published, crypto later jumped back with BTC claiming back the $58k level 🕯

Daily Digest:

🔸 The UK government has introduced a bill that would create a new category of personal property for crypto and NFTs

🔸 Bybit announced they will launch a futures premarket for the Hamster Kombat token $HMSTR on September 12th 🐹

🔸 US inflation falls to 2.5%, lower than expectations (2.6%)

🔸 Indonesian crypto exchange Indodax was suspected to have been exploited for $18.2 million

🔸 Nubank announced today that they will end operations with their crypto token, Nucoin 🔍

🔸 Former Alameda Research CEO Caroline Ellison has asked a United States court for leniency in her sentencing

🔸 Bitcoin miner CleanSpark has acquired 7 mining sites in Tennessee, their hashrate will grow by 22%

🔹 Prices:

🥇 Bitcoin - $57,498 (↓0.5%)
✨ Ethereum - $2,347 (↓1.7%)
🧪 S&P 500 - 5,554 (↑1.07%)
🕗 DXY - 101.73 (↑0.1%)
🌉 Gold - 2,512 (↓0.15%)

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Almost got it right 🤣

US President Joe Biden wore a cap with the inscription "Trump 2024" during an event dedicated to the anniversary of the terrorist attacks of September 11, 2001. This is not a joke, he actually did it 😮

Flowcarbon, a startup co-founded by former WeWork CEO Adam Neumann, is returning investor funds because Goddess Nature Token was not issued 🌳

Singapore's Parliament passed an amendment to the Casino Control Act on September 10, which includes a ban on the use of cryptocurrencies in casinos 🎰

Decentralized exchange PancakeSwap has introduced a new Telegram bot that allows users to make price predictions for BNB price 🤑

🔹 Last 24 hours top 3 gainers:

Sui - $1.034 (↑17.98%)
FET - $1.4 (↑7.82%)
NEAR Protocol - $4.19 (↑7.33%)

#GM

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The European Central Bank
delivered a 0.25% interest rate cut to 3.5%, marking its second reduction this year 🇪🇺

All that's left is to wait for the Fed to be ready for a rate cut this month 🇺🇸

Grayscale has officially announced the creation and public launch of Grayscale $XRP Trust. The launch of Grayscale XRP Trust could potentially pave the way for an XRP ETF in the future 👀

XRP demonstrated 5.5% pump after this news 🤑

Hamster Kombat token $HMSTR will launching on Binance Launchpool and later listed on the centralized exchange 🟠

✅ The market continues to consolidate, Bitcoin is trading above $58,000 though very choppy. Bulls are waiting for more data on the US economy and the Fed meeting 🇺🇸

Daily Digest:

🔸 Grayscale has officially announced the creation and public launch of Grayscale $XRP Trust

🔸 The European Central Bank has cut interest rate by 0.25% to 3.5% 🇪🇺

🔸 Flowcarbon is returning investor funds because Goddess Nature Token was not issued

🔸 Singapore's Parliament passed an amendment to the Casino Control Act, which includes a ban on the use of crypto in casinos

🔸 PancakeSwap has introduced a new Telegram bot that allows users to make price predictions for BNB price 🤑

🔸 The HMSTR token will have a total supply of 100 billion tokens, the project will be launched on Binance Launchpad

🔸 Coinbase launched their version of Wrapped BTC on Base blockchain

🔹 Prices:

🥇 Bitcoin - $58,130 (↑1.1%)
✨ Ethereum - $2,360 (↑0.8%)
🧪 S&P 500 - 5,595 (↑0.75%)
🕗 DXY - 101.23 (↓0.44%)
🌉 Gold - 2,557 (↓0.05%)

Became down-to-earth after just one market cycle 🤕

Donald Trump announced he is launching the World Liberty Financial crypto platform on Sept. 16 saying “he is leaving the slow and outdated banks behind” 😁

23,000 BTC options are about to expire today with a Put Call Ratio of 0.87, a Maxpain point of $58,000, and a notional value of $1.34 billion 🕯

Hong Kong’s Securities and Futures Commission plans to introduce a new licensing regime for cryptocurrency over-the-counter services 🇭🇰

Kraken CEX has responded to the United States Securities and Exchange Commission’s claim that it violated federal securities laws, arguing digital assets aren’t securities ⚖️

🔹 Last 24 hours top 3 gainers:

POL (ex-MATIC) - $0.417 (↑10.85%)
MANTRA - $1.13 (↑5.79%)
XRP - $0.565 (↑5.0%)

#GM

🕕 Michael Saylor has announced that his company MicroStrategy has acquired additional 18,300 BTC for ~$1.11 billion and now holds 244,800 bitcoins 🤑

Global neobank Revolute added support for $TON coin, currently available for UK and EU users 🤑

Revolut Bank operates in over 200 jurisdictions and has approximately 45 million customers 😲

Classic pump at the end of the working week, bitcoin rises above $59,000 🔼

✅ Bitcoin is closing above $60,000 today, and altcoins are showing modest gains, stock market is green again, bulls are happy and waiting for Fed interest rate decision later this week 🧪

Daily Digest:

🔸 MicroStrategy has acquired an additional 18,300 BTC for ~$1.11 billion and now holds 244,800 bitcoins 🕕

🔸 Donald Trump announced he is launching the World Liberty Financial crypto platform on Sept. 16

🔸 23,000 BTC options have expired today with a Put Call Ratio of 0.87

🔸 Hong Kong’s Securities and Futures Commission plans to introduce a new licensing regime for crypto OTCs

🔸 Kraken has responded to the SEC's claim that it violated federal securities laws, arguing digital assets aren’t securities

🔸 Revolute added support for the TON coin, currently available for UK and EU users 🔷

🔸 FTX co-founder and former CEO Sam Bankman-Fried appealed his fraud conviction

🔹 Prices:

🥇 Bitcoin - $60,329 (↑4.4%)
✨ Ethereum - $2,457 (↑4.8%)
🧪 S&P 500 - 5,626 (↑0.54%)
🕗 DXY - 101.11 (↓0.25%)
🌉 Gold - 2,579 (↑0.79%)

Bitcoin cycles aren't the same anymore 😅

You may not have felt it on your own skin, but in the last 60 days there have been at least 5 major heists in the crypto industry totaling around $308 million 💰