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 😮

New Telegram mini-game from Binance 🟠

Insiders have leaked an early version of the official game from Binance called Moonbix. It is a play-to-earn game with the greatest earning potential for players 💰

Play Moonbix HERE ◀️

You can already link your Binance account within the game, to register on Binance CEX and get bonuses, click here 👈

✅ Today, the crypto market pleasantly surprised the bulls with a big green candle, sending Bitcoin above $61,000 at one point, ahead of tomorrow's Fed rate announcement 🔼

Daily Digest:

🔸 Binance secretly launched their Telegram mini-app game

🔸 Hamster Kombat announced that the first season of in-game rewards will end on September 20 🐹

🔸 Democratic senators urged the Federal Reserve Chair to aggressively cut interest rate by 0.75% this week

🔸 Donald Trump today launched his long-rumored crypto project, World Liberty Financial

🔸 Singapore’s DBS Bank will launch OTC crypto options trading and structured notes for BTC and ETH for its institutional clients

🔸 The SEC filed its proposed amended complaint against Binance 🟠

🔸 Binance denies WazirX ownership and responsibility for a recent $235 million hack

🔹 Prices:

🥇 Bitcoin - $60,261 (↑3.7%)
✨ Ethereum - $2,338 (↑2.1%)
🧪 S&P 500 - 5,634 (↑0.03%)
🕗 DXY - 101.01 (↑0.25%)
🌉 Gold - 2,572 (↑0.13%)

Join our chat 🗯

The training routine of those who bought Bitcoin 10 years ago 😅

Vitalik Buterin, founder of Ethereum, sings at The Token 2049 conference in Singapore. People on social media say "It's so over" 😱

Binance confirmed the launch of their telegram game Moonbix and said that the game was leaked in the early development stage 🟠

BlackRock will launch an artificial intelligence fund with software giant Microsoft worth around $30 billion to build data centers and energy projects 🤖

Today's rate cut by the Fed could add to inflation and strengthen the Japanese yen, crashing markets, said Arthur Hayes 🔽

BitGo, a crypto custodian backed by Goldman Sachs, is entering the stablecoin industry by launching a new stablecoin pegged to the US dollar, USDS 🪙

🔹 Last 24 hours top 3 gainers:

Nervos Network - $0.017 (↑8.57%)
Celestia - $5.26 (↑5.07%)
FET - $1.35 (↑4.47%)

#GM

In 5 hours there will be FOMC meeting after which Fed will announce the interest rate change. This will be the most important meeting in 4 years 🇺🇸

Current probability of 0.5% cut is at 63% and 0.25% at 37% 📊

It's hard to say what the decision will be and how it will affect the markets. A 0.5% rate cut could be interpreted as panic and a departure from the “soft landing” plan in front of a weakening economy 🔍

Highly recommended for inexperienced traders to close market positions with high leverage today. We may see a strong drop with a reversal immediately after, just like the opposite ⚠️

Gold looks to be leading the future Bitcoin price movement 🌉

The market is waiting for the printer to turn on, if you know what I mean 😏

Federal Reserve Chair Jerome Powell announced that the Fed has cut interest rates by 0.5% 📊

The market reacts by a slight pump 🔼

✅ As most expected Fed lowered the rate by 50 bps, it turns out the market had already priced everything in and the crypto saw only a small pump 🤏

Daily Digest:

🔸 The Fed has cut interest rates by 0.5%

🔸 Binance confirmed the launch of their telegram game Moonbix 🟠

🔸 BlackRock will launch an AI-focused fund with Microsoft worth around $30 billion

🔸 BitGo, a crypto custodian backed by Goldman Sachs is launching a new stablecoin USDS

🔸 Today's rate cut by the Fed could add to inflation and strengthen the Japanese yen, crashing markets, said Arthur Hayes

🔸 BlackRock said its clients largely view Bitcoin as insurance against a possible U.S. debt crisis 😲

🔸 Donald Trump used Bitcoin to buy burgers at NYC bar

🔹 Prices:

🥇 Bitcoin - $60,566 (↑0.5%)
✨ Ethereum - $2,338 (↓0.1%)
🧪 S&P 500 - 5,618 (↓0.29%)
🕗 DXY - 100.93 (↑0.04%)
🌉 Gold - 2,560 (↑0.06%)

Donald Trump just visited a bar where he paid for a drink with Bitcoin 😁🥇

Green charts are cheering the bulls after the Fed chief announced an expected interest rate cut of another 0.5% in 2024 📈

CertiK Ventures launched a $45 million investment plan to drive the development of high-potential Web3 projects 💸

Cardano founder Charles Hoskinson will meet with Argentina President Javier Milei in October to discuss the crypto economy 🤑

Solana Labs's phone designing subsidiary will ship its second crypto phone in 2025, Solana Mobile announced at the Token 2049 🔳

🔹 Last 24 hours top 3 gainers:

Popcat - $0.92 (↑35.00%)
Sei - $0.337 (↑25.94%)
Bittensor - $383.85 (↑22.08%)

#GM

Louisiana has become the first state to accept cryptocurrency payments for government services 🇺🇸

Residents can now use Bitcoin and Bitcoin Lightning Network to pay taxes and fees 🥇

This is the next level of crypto adoption

Investors buy stocks in response to yesterday's 0.5% interest rate cut by the Fed 🔼

S&P 500 Index hits new all-time high on expectations of monetary easing 🖨

What Is the Fed's Interest Rate? 📊

The Federal Reserve's interest rate, known as the federal funds rate, is the rate at which banks lend to each other overnight. This rate influences many other interest rates in the economy

When the Fed cuts this rate, borrowing becomes cheaper for consumers and businesses. This encourages spending and investment, potentially boosting economic growth 💵

🔼 Recent events show the stock market rising and cryptocurrencies surging after a rate cut. Lower interest rates make traditional savings less appealing, prompting investors to seek higher returns in stocks and crypto.

This increased investment demand drives up asset prices. Cheaper borrowing also supports business expansion, further enhancing stock market performance 📈

#FAQ

✅ The crypto market is rising after yesterday's rate cut from the Fed. The U.S. stock market is surging and the SPX is breaking new highs 📈

Daily Digest:

🔸 Bank of England maintained the interest rate at 5% 🇬🇧

🔸 OKX CEX will relaunch its US exchange with a new mobile app in Q4

🔸 CertiK Ventures launched a $45 million investment plan to drive the development of high-potential Web3 projects

🔸 Cardano founder will meet with the President of Argentina in October to discuss the crypto economy

🔸 Solana Labs's phone designing subsidiary will ship its second crypto phone in 2025, Solana Mobile announced

🔸 Louisiana has become the first state to accept crypto payments for government services 🇺🇸

🔸 The mother of a Binance executive detained in Nigeria since February, has been calling the U.S. government to end her son’s detention

🔹 Prices:

🥇 Bitcoin - $62,980 (↑3.7%)
✨ Ethereum - $2,473 (↑5.7%)
🧪 S&P 500 - 5,713 (↑1.7%)
🕗 DXY - 100.63 (↑0.04%)
🌉 Gold - 2,587 (↑0.04%)

Join our chat 🗯

Ethereum is making its holders happy. Apparently, Vitalik's magic song helped, because today the second coin by market capitalization surpasses BTC amid continued growth in the market 🔼

The crypto exchange BingX was hacked, and it had an estimated loss of $52 million. Exchange has frozen withdrawals and deposits for 24 hours 💰

Bitcoin Core developers have issued a new, high-severity warning about a software bug on one in every six Bitcoin nodes affecting 17% of full nodes ⚠️

Bitcoin staking Layer-1 network Core is planning to enter the U.S. ETF market within the next five years 🥇

Stablecoin issuers like Tether have grown to become the 18th largest holder of U.S. Treasuries, a milestone that places them alongside major sovereign holders 🪀

🔹 Last 24 hours top 3 gainers:

Sui - $1.54 (↑14.39%)
Aptos - $7.25 (↑12.66%)
Bittensor - $424.31 (↑12.41%)

#GM

The CATI Token from the Catizen game is trading around $1 🙀

It turns out that if you did not donate in the game, you got ≈$2 worth of tokens 😢

Another disappointment, the only hope is that Hamster Kombat will not let us down 🐹

Are you waiting for $HMSTR?

APY vs APR: What's the difference? 🤔

• What Is APR? APR (Annual Percentage Rate) is the annual interest rate without considering the effects of compounding. For example, a $10,000 deposit at a 20% APR would earn $2,000 in interest after one year, totaling $12,000 💸

• What Is APY? APY (Annual Percentage Yield) includes the effects of compound interest—earning interest on your interest. With the same $10,000 at 20% APR but compounded monthly, your balance would grow to approximately $12,194 after one year 💸

Why Does It Matter? The frequency of compounding can significantly impact your returns over time. When comparing financial products or, for example, crypto products (like staking or yield farming) ensure you're considering whether rates are quoted as APR or APY and how often interest is compounded 💁‍♀️

#FAQ