August and September have traditionally been unfavorable months for Bitcoin.

Ali Martinez notes that in the past week, the value of BTC has dropped by 24%.

In 2022 and 2023, August was an unfavorable month for BTC, with declines of 13.88% and 11.2% by the end of the month.

September is also not considered a good month for Bitcoin, and Martinez does not rule out a repeat of the bearish trend this year.

He also points to an important support zone around $47,140, where nearly 900,000 addresses bought 489,000 BTC, which should act as a safety net if Bitcoin falls below $50,000.

The recent drop in BTC has led…

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Morgan Stanley begins offering clients the opportunity to purchase Bitcoin ETFs from BlackRock and Fidelity.

This event marks an important step for the cryptocurrency market, as Morgan Stanley has always been one of the few banks consistently supporting cryptocurrencies without changing its stance.

A few years ago, Morgan Stanley opened up Bitcoin fund investments to its clients, demonstrating its commitment to innovation in the financial sector. Now, starting tomorrow, they will actively promote Bitcoin ETFs through their extensive network of 15,000 financial advisors.

Financial advisors in the West play a key role in shaping market trends and making investment decisions. Their influence extends to the cryptocurrency market, leading to expectations of significant liquidity inflows.…

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Collaboration Announced Between Arbitrum Foundation, Sequence, and Ubisoft to Launch Blockchain Game

Arbitrum Foundation, Sequence, and Ubisoft Labs have joined forces to create a new Web3 game called “Captain Laserhawk: the G.A.M.E.” which will run on the Arbitrum blockchain. This project promises to be a significant step forward for the gaming industry, integrating cutting-edge blockchain technologies.

According to Nicolas Pouard, Vice President of Ubisoft Labs, “With the powerful blockchain infrastructure of Arbitrum and the technological capabilities of Sequence, ‘Captain Laserhawk: the G.A.M.E.’ will be an innovative project focused on the gaming community. We believe this project will open new horizons for interaction and user engagement in the gaming world.”

Nina Rong,…

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Ripple Labs was ordered to pay a $125 million fine in the SEC lawsuit

A decision has been made in the United States regarding the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs. The company has been ordered to pay a fine of $125 million and has been prohibited from further violations of industry regulations.

Judge Analisa Torres expressed concern that the firm might “cross the line” in the future. This led to the additional prohibition on violating regulations.

Ripple Labs CEO Brad Garlinghouse commented on the court’s decision:

“The SEC’s demands were reduced by approximately 94%, which effectively means their defeat. We respect the court’s decision and…

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The Fed and Rate Cuts in September

The Federal Reserve will not be cutting interest rates in September and does not plan to hold an unscheduled meeting in October for this purpose, according to experts at QCP Capital.

Analysts warn that the sell-off phase in the cryptocurrency market is not yet over. They advise keeping an eye on stock indices, noting the high correlation between digital assets and traditional financial instruments.

Amid high volatility, large funds continue to reduce their positions, which could lead to further significant sales, the company noted.

Experts also believe that an emergency rate cut by the Fed and an additional meeting…

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JPMorgan Chase Reports Bitcoin Recovery

Analysts at JPMorgan Chase note that Bitcoin’s price has returned to growth after a recent drop to $50,000, which had caused concern among retail investors.

“The recovery in Bitcoin’s price was primarily supported by institutional investors who showed minimal or no reaction to the increased risks in the futures contract sector,” the bank’s experts stated. This indicates that major market players continue to view Bitcoin as an attractive asset for long-term investments.

The bank’s indicator, which tracks changes in open interest on the CME exchange, combined with the positive slope of the futures curve, points to optimistic sentiment…

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Tether to Double Its Workforce by Mid-2025

Tether CEO Paolo Ardoino announced that the company, which issues the USDT stablecoin, plans to double its workforce over the next year, expanding it to 200 employees by mid-2025. This decision is driven by the company’s goal to enhance its capabilities in regulatory compliance and strengthen its financial department, which manages assets worth $118 billion.

Tether aims to hire specialists with the experience and knowledge necessary to improve operational efficiency and ensure stricter oversight of regulatory standards. This move is part of Tether’s strategy to solidify its market position and prepare for future challenges in an increasingly regulated cryptocurrency…

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The number of Layer 2 (L2) blockchain users continues to grow rapidly

According to Token Terminal, in the second quarter of 2024, their numbers increased by 81%. This significant growth is accompanied by an impressive rise in transaction volume, which jumped by 63% compared to the previous quarter.

The rise in popularity of L2 networks is no coincidence. The Ethereum (ETH) mainnet, despite its dominant market position, faces several serious challenges. High transaction fees and limited network capacity make it increasingly less attractive to users, especially with the growing competition from Layer 2 networks. These L2 solutions, such as Arbitrum, Base, ZkSync, Linea, Ox, Manta Network, StarkNet, Blast, Scroll, Optimism, and…

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Coinbase Criticizes CFTC for Proposal to Ban Political Event Betting in the U.S.

The cryptocurrency exchange believes that such restrictions would harm the entire prediction market, particularly affecting non-political topics, and have a negative impact on the sector as a whole.

“We support the CFTC’s efforts to maintain the integrity of the U.S. derivatives market. However, if this proposal is approved, it would lead to an unwarranted ban on many operations in the prediction market,” Coinbase stated.

Coinbase also expressed concern that similar bans could set a precedent for further regulation and restrictions on other types of prediction markets, potentially stifling innovation and reducing choices for users. The company representatives noted…

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Four years since MicroStrategy first announced its purchase of Bitcoin

An event that radically transformed both the company’s financial strategy and the corporate world’s perception of cryptocurrencies.

On August 11, 2020, MicroStrategy took a bold step by acquiring 21,454 BTC for approximately $250 million. Today, this investment is valued at around $1.3 billion, reflecting the significant increase in Bitcoin’s value and the foresight of the company’s leadership.

However, MicroStrategy did not stop there: the company continued to aggressively expand its cryptocurrency holdings, and currently, its balance sheet includes more than 226,500 bitcoins, representing approximately 1% of the total circulating supply. This makes MicroStrategy the largest corporate holder of Bitcoin…

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