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announced he is launching the World Liberty Financial crypto platform on Sept. 16 saying “he is leaving the slow and outdated banks behind” 😁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

You can now check your Catizen $CATI airdrop 😼

Simply log into your account and click on the "Airdrop" icon on the right side of the screen.

How many tokens did you get? Tell us in the comments 👇

Interest on U.S. debt tops $1 trillion for the first time 🚨

Federal debt has surged to $35.37 trillion.

Yearly interest payments have skyrocketed 30% from last year, reaching an all-time high.

How much longer can this be sustained? 😨

✅ The week closes in the green zone with Bitcoin rising over 10%. The bulls successfully dealt with the resistance level of $60k, but could not make a step further 🕯

Weekly news digest:

💎 Crypto

🔸 Scammers launched a token named after our channel, be careful

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

🔸 Flowcarbon is returning investor funds because Goddess Nature Token was not issued
 
🔸 You can now check your Catizen CATI airdrop 😺

🔸 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 

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

🏦 Crypto exchanges

🔸 Indonesian crypto exchange Indodax was suspected to have been exploited for $18.2 million
 
🔸 Coinbase launched their version of Wrapped BTC on Base blockchain 🌀
 
🔸 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

💵 Finances and Economy

🔸 Interest on U.S. debt tops $1 trillion for the first time

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

🔸 US inflation falls to 2.5%, lower than expectations (2.6%)
 
🔸 A subsidiary of the Tokyo Electric Power Company is reportedly venturing into Bitcoin mining

⚖️ Law and Order

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

🔸 Crypto was involved in 87% of all investment fraud in 2023, per the FBI

🔸 Securities regulators in 12 US states have secured reimbursement for investors who lost money in a GSB Group investment scheme

 🗣 Personalities

🔸  Elon Musk may soon be called to testify before the United Kingdom Parliament

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

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

🚀 Best performers of the week:

CKB - $0.0165 (↑108%)
TAO - $317.99 (↑31.6%)
OM - $1.10 (↑27.3%)

The week starts with red candles, Bitcoin falls below $59,000 and Ethereum is heavily underperforming, falling to $2,300. ETH/BTC falls below 0.04 for the first time in 3.5 years 🕯

The FBI said it “is investigating what appears to be an attempted assassination” of Donald Trump at his Florida golf club, a 58-year-old man was trying to shoot Trump while he was golfing ✊

This week the United States will announce its interest rate decision and Fed Chairman Powell will hold a monetary policy press conference, the probability of a 0.5% rate cut is 59% 😇

The U.S. DOJ announced that 12 defendants were sentenced for participating in a series of violent home invasions to steal crypto 👮

🔹 Last 24 hours top 3 gainers:

Fantom - $0.51 (↑4.01%)
TRON - $0.149 (↑1.35%)
LEO Token - $5.73 (↑1.58%)

#GM

Top 7 token unlocks for this week 🔒

No significant unlocks this week, except that ARB continues to increase sell pressure in order books. The total value of tokens unlocked this week will exceed $154.84 million 👇

• Arbitrum (ARB) — $47.45M
• Velo (VELO) — $34.17M
• SPACE ID (ID) — $26.22M
• Polyhedra (ZKJ) — $17.89M
• ApeCoin (APE) — $11.02M
• Merlin Chain (MERL) — $9.96M
• Lista DAO (LISTA) — $8.13M

#unlocks

What is volatility and VIX? 🕯

Volatility is a key concept in financial markets, representing the degree of variation in the price of an asset over time. It shows how much and how quickly prices can change within a given period.

😨 Higher volatility indicates larger price swings and more uncertainty or risk. For investors and traders, understanding volatility is crucial as it can affect the value of investments and the overall market sentiment.

One of the most well-known measures of volatility is the Volatility Index (VIX), also known as the "fear gauge." The VIX tracks the expected 30-day volatility of the S&P 500 based on options trading 📈📉

Rising VIX signals significant price fluctuations in the near future, lower VIX suggests a more stable and less risky market environment 😌

As a rule of thumb, crypto is a highly volatile market

#FAQ

✅ After another assassination attempt on Trump today, the market fell a few percent and Bitcoin fell below $58k 📉

Daily Digest:

🔸 Over $6 million in tokens were drained from DeltaPrime wallets due to a private key leak

🔸 The FBI is investigating what appears to be an attempted assassination of Donald Trump at his Florida golf club

🔸 The probability of a 0.5% rate cut by the Fed this week is 62% 📊

🔸 The U.S. DOJ announced that 12 defendants were sentenced for participating in a series of violent home invasions to steal crypto

🔸 Circle had added support for its Bridged USDC Standard on Sony's Ethereum layer-2 network Soneium

🔸 Hamster Kombat chooses Ebi. xyz as the first perpetual DEX for airdrop claims 🐹

🔸 MicroStrategy has announced its third debt offering of 2024, aiming to raise $700 million by issuing convertible senior notes

🔹 Prices:

🥇 Bitcoin - $58,094 (↓1%)
✨ Ethereum - $2,290 (↓0.8%)
🧪 S&P 500 - 5,633 (↑0.13%)
🕗 DXY - 100.71 (↓0.40%)
🌉 Gold - 2,582 (↑0.02%)

It's been about 7 months now that crypto bros has been going through mental torture 😐

Democratic senators urged Federal Reserve Chair Jerome Powell to aggressively cut the central bank’s benchmark interest rate, including by 0.75% this week 🙏

Donald Trump today launched his long-rumored crypto project, World Liberty Financial, the project plans to sell the majority of its WLFI tokens, upwards of 63%, to accredited investors in the U.S. 😁

Singapore’s DBS Bank will launch over-the-counter crypto options trading and structured notes for BTC and ETH for its institutional clients 🇸🇬

The SEC filed its proposed amended complaint against Binance with a greater emphasis on the exchange's token listing process 👌

🔹 Last 24 hours top 3 gainers:

Fantom - $0.562 (↑10.41%)
Celestia - $5.07 (↑9.17%)
Sui - $1.17 (↑6.14%)

#GM

This chart shows a clear correlation between Global M2 (money supply) and Bitcoin's price. Global M2 leads Bitcoin by about 10 weeks, meaning when the global money supply increases, Bitcoin's price often follows 🔍

Investors turn to assets like Bitcoin to hedge against inflation as more money circulates, driving up its price. This highlights Bitcoin's role as a store of value in times of increasing liquidity 🤑

Can you see where the Global M2 is heading us next?

Big pump from BTC today, if the bulls manage to hold above $61,000 we could see a very fast rise to the $64,000 resistance level 🔼

Don't forget that October ("Uptober", usually a very bullish month) is coming up 😮