✅ Three out of the four weeks this month saw Bitcoin close in the green, suggesting that October promises to be a bullish month as well. This week, inflows into Bitcoin ETFs exceeded $1 billion, and market sentiment is becoming more bullish 🐂

Weekly news digest:

💎 Crypto

🔸 Binance founder CZ walks free from US prison
 
🔸 Hamster Kombat has announced its plans for the rest of 2024 and into 2025

🔸 Mango Markets agreed to destroy MNGO tokens in the SEC settlement, SEC alleged that the MNGO token was an unregistered security 🥭

🔸 A fake WalletConnect app that was available for four months on the Google Play Store stole over $70,000 worth of crypto
 
🔸 The Philippine government is giving young people hands-on experience with crypto, blockchain technology, and NFTs

🔸 Predictions platform Polymarket is seeking investment of $50 million, amid plans to launch a token

🏦 Crypto exchanges

🔸 Both Robinhood and Revolut are considering issuing their stablecoins

🔸 Binance continues to serve Russian users a year after announcing its full exit from Russia

🔸 Binance denied the alleged dark web data leak of its customers' data

💵 Finances and Economy

🔸 PayPal enables business accounts to buy, sell, and trade crypto

🔸 CEO of Nvidia done selling about $713 million worth of Nvidia shares

🔸 Stablecoins and other crypto are starting to replace fiat currencies in Hong Kong

⚖️ Law and Order

🔸 Telegram will share users’ IP addresses and phone numbers” with governments in response to valid legal requests

🔸 Bitcoin miners Bitfarms and Riot Platforms have reached a settlement that ends a months-long conflict 🤝

🔸 Ex-Alameda Research CEO Caroline Ellison sentenced to 2 years in prison for her role in FTX fraud
 
🔸 DOJ sues Visa over alleged payments monopoly

🔸 Dubai’s Virtual Asset Regulatory Authority will adopt stricter requirements for companies marketing crypto
 
 🗣 Personalities

🔸 Donald Trump has said he does not expect to run for election again in 2028 if he is defeated in this November's US presidential elections

🔸 Kamala Harris vowed to help boost investment in the AI sector and crypto if elected
 
🔸 Sean “Diddy” Combs will be jailed in the same unit of a Brooklyn jail as the founder of FTX Sam Bankman-Fried 🕓
 
🔸 Billionaire Mark Cuban wants to be SEC Chair should Harris win the presidential election

🚀 Best performers of the week:

dogwifhat - $2.51 (↑50.6%)
Pepe - $0.0000114 (↑43.3%)
Bonk - $0.000023(↑36.7%)

Bitcoin's low funding rate suggests there is still room for growth. On average, on CEXs longs either get paid extra or don't pay funding, incentivizing new futures long positions 🔍

Bithumb, South Korea's second-largest crypto exchange, announced that it is considering listing on the Nasdaq in the United States 🇰🇷

Crypto financial services platform Matrixport acquires Swiss crypto asset manager Crypto Finance (now, Matrixport Asset Management) 🛒

Binance announced it will list the EigenLayer $EIGEN token and apply the seed tag at 05:00 (UTC) on October 1, 2024 🤥

According to CoinShares, digital asset investment products saw a total inflow of $1.2 billion for the third consecutive week last week 🔼

🔹 Last 24 hours top 3 gainers:

Bittensor - $576.94 (↑9.34%)
Conflux - $0.188 (↑4.95%)
Arweave - $22.66 (↑4.67%)

#GM

Top 7 token unlocks for this week 🔒

The total value of tokens unlocked this week will exceed $298.39 million. Huge unlocks coming for $SUI, this coin has been showing very strong performance recently, so shorting it ahead of huge unlocks might be risky 😇

• Sui (SUI) — $146.77M
• Optimism (OP) — $59.25M
• Immutable (IMX) — $55.72M
• dYdX (DYDX) — $12.08M
• Worldcoin (WLD) — $9.90M
• Echelon Prime (PRIME) — $7.71M
• Galxe (GAL) — $6.96M

#unlocks

It looks like Israel's ground operation inside Lebanon is about to begin 🇮🇱🇱🇧

Israel has killed dozens of Hezbollah leaders in recent weeks, including Hezbollah leader Hassan Nasrallah, who was killed in an airstrike on Hezbollah's headquarters in Beirut on Friday

Now, Israel wants to conduct a wider ground invasion in southern Lebanon with the aim of eliminating the Iranian-backed military group.

The escalation of the conflict in the Middle East could play a trick on the bulls and bring the market down, depending on how events unfold 😨

✅ Even with today's dump, BTC is on track to finish September with a nearly 7% return, its best performance since 2013, which is bullish for the next month 🕯

Daily Digest:

🔸  SoftBank will invest $500 million in OpenAI's latest funding round

🔸 Bithumb CEX announced that it is considering listing on the Nasdaq in the US 🇺🇸

🔸 Matrixport acquires Swiss crypto asset manager Crypto Finance (now, Matrixport Asset Management)

🔸 Binance announced it will list the EigenLayer $EIGEN token at 05:00 (UTC) on October 1, 2024

🔸 Digital asset investment products saw a total inflow of $1.2 billion for the third consecutive week last week 💰

🔸 NFT sales plummeted to the lowest monthly volume since 2021

🔸 It looks like Israel's ground operations inside Lebanon are about to begin

🔹 Prices:

🥇 Bitcoin - $63,753 (↓3.4%)
✨ Ethereum - $2,611 (↓2.1%)
🧪 S&P 500 - 5,762 (↑0.42)
🕗 DXY - 100.76 (↑0.38%)
🌉 Gold - 2,634 (↓0.89%)

Classic 😂

China's stock market has gone parabolic this week rising +21% in 7 days  on the back of stimulus hopes 🔼

The Fed chair discussed how the U.S. labor market has remained solid as inflation cools, and suggested that we shouldn't expect another 0.5% rate cut in the next two meetings 😇

Ripple has acquired in-principle financial services license approval from Dubai’s DFSA, moving closer to offering cross-border crypto payment services in the UAE 🇦🇪

Restaking protocol EigenLayer's native token $EIGEN is now transferrable and trading at a fully diluted value of $6.88 billion on all major exchanges 🤥

🔹 Last 24 hours top 3 gainers:

Fantom - $0.759 (↑11.01%)
Bonk - $0.0000258 (↑10.66%)
Popcat - $1.043 (↑10.72%)

#GM

Market reacts to escalation of conflict in the Middle East 🇮🇱🇮🇷🇱🇧

Israeli military is calling on the residents of dozens of towns in southern Lebanon to evacuate immediately.

Reportedly, Iran is prepping ballistic missile attack against Israel.

Stocks and crypto 🔽

Oil price 🔼

Iran launches a missile attack on Israel, expanding the Middle East conflict 😔

This is in no way bullish for the markets, but the selling is very limited so far 📉

Wild move by Bitcoin today, but it looks like we may have found some support in the $60k area 🥇

✅ Bitcoin price dropped sharply as "Uptober" begins with mass liquidations in the market amidst Middle East conflict escalation 😨

Daily Digest:

🔸 Robinhood is now offering crypto transfers in and out of its app to customers in the European Union

🔸 Iran launched a missile attack on Israel, expanding the Middle East conflict

🔸 The Fed chair says we shouldn't expect another 0.5% rate cut in the coming months 👍

🔸 Ripple has acquired in-principle financial services license approval from Dubai’s DFSA

🔸 Restaking protocol EigenLayer's native token $EIGEN is now trading on all major exchanges 🤥

🔸 MHC Digital Group and Circle have announced plans to cooperate to increase the distribution of Circle’s USDC

🔹 Prices:

🥇 Bitcoin - $61,111 (↓3.4%)
✨ Ethereum - $2,462 (↓5.6%)
🧪 S&P 500 - 5,708(↓0.93%)
🕗 DXY - 101.20 (↑0.01%)
🌉 Gold - 2,658 (↓0.17%)

It's just business as usual 😅

Total liquidations on futures in the last 24 hours exceed $555 million. Bitcoin struggles to hold above $61,000 📉

Crypto native asset manager Bitwise registered a trust entity in the state of Delaware to launch the ETF based on XRP 🥏

The Australian Federal Police has seized $6.4 million in crypto as part of an investigation targeting an encrypted communication app Ghost 🦘

According to founder and CEO Pavel Durov Telegram has been disclosing the IP addresses of criminals to authorities since 2018 🔵

Bitcoin ETFs saw outflows of $242.6 million on Tuesday amid escalating tensions in the Middle East, the biggest outflows since September 3 🔽

🔹 Last 24 hours top 3 gainers:

Wormhole - $0.372 (↑20.85%)
MANTRA - $1.28 (↑2.84%)
Conflux - $0.186 (↑1.59%)

#GM

Reason to be bullish 🐂

• Bitcoin had its best-ever price performance in September. Historically, 80% of Octobers were green, setting a strong precedent for a positive month ahead.

• 100% of years with a green September also had a green October, November, and December.

• In 100% of US election years, October, November, and December were green. This adds to the likelihood of continued growth this month 📈

Are you bullish or bearish for October?

Bullish — 👍

Bearish — 😢

3 rules to "make it" in crypto 👇

• It's never just about what you think will happen, but what the market thinks will happen. Focus on sentiment, not just personal predictions. Instead of judging whether the price will go up, think about what others think will happen to the price 🤔

• Most people only think about buying cheap and holding, but knowing how to exit and take profits is equally, if not more, important. Your strategy should include both.

• Your biggest challenge isn't the market or some random event; it's your own greed. Stay disciplined and stick to your plan 🤟

#FAQ

✅ The crypto market struggles to recover after yesterday's dump, even as the US stock market is flat ETH and most altcoins are down 🔽

Daily Digest:

🔸 Bitcoin ETFs saw outflows of $242.6 million, the biggest outflows since September 3

🔸 Bank of America servers went down, customers report zero balances 🇺🇸

🔸 SEC files appeal against district court verdict, Ripple case continues

🔸 SEC chief enforcer, Gurbir Grewal, will step down on Oct. 11

🔸 Crypto native asset manager Bitwise registered a trust entity in the state of Delaware to launch the ETF based on XRP 🥏

🔸 The Australian Federal Police has seized $6.4 million in crypto targeting an encrypted communication app Ghost

🔸 Turns out Telegram has been disclosing the IP addresses of criminals to authorities since 2018

🔹 Prices:

🥇 Bitcoin - $60,766 (↓0.3%)
✨ Ethereum - $2,367 (↓4%)
🧪 S&P 500 - 5,709 (↑0.01%)
🕗 DXY - 101.61 (↑0.42%)
🌉 Gold - 2,658 (↓0.17%)

Join our chat 🗯

A resistance around $60,000 has kept the Bitcoin price from falling lower, but the bulls are getting worried because instead of a V-shaped recovery, the market seems to be continuing its decline 📉

OpenAI has raised $6.6 billion in its new funding round to accelerate its efforts in the AGI for humanity's benefit, reaching a post-money valuation of $157 billion 🤖

An early Ethereum investor offloaded 19,000 tokens of ETH accrued from the blockchain’s initial coin offering in 2014 worth around $47.5 million ✨

Banks in North America, Europe, and Asia are preparing to participate in trials involving digital assets by SWIFT which will begin in 2025 💲

🔹 Last 24 hours top 3 gainers:

Aptos - $8.4 (↑9.31%)
Flare - $0.016 (↑6.30%)
Stacks - $1.8 (↑1.99%)

#GM

Hamster Kombat and Catizen game tokens dumped by > 50% after airdrops 📉

• Hundreds of millions of users 

• Half a year of waiting 

• Airdropped dust 

• Both tokens are now down by half

How much worse could it get? 🤣

Bitcoin bulls are fighting to stay above the $60,000 level 👊

Are you buying, holding or selling?

Buying — 🐳

Holding — 👍

Selling — 🫡