✅ The market is seeing a small correction amid falling stocks and a failed attempt by bulls to boost Bitcoin's price to $65,000 🤷‍♂️

Daily Digest:

🔸 The U.S. Congress Foreign Affairs Committee urges Nigeria to “immediately release” the Binance executive, who has been in custody since February

🔸 Sean “Diddy” Combs will be jailed in the same unit of a Brooklyn jail as the founder of FTX Sam Bankman-Fried 😄

🔸 Bitcoin ETFs recorded $136 million in inflows, while Ethereum ETFs saw $62.5 million in inflows

🔸 James Cameron, the Director of the Terminator movie, joined the board of artificial intelligence firm Stability AI

🔸 Ether. fi, a staking protocol, faced an attempted domain account takeover, protocol reported that no user funds were compromised

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

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

🔹 Prices:

🥇 Bitcoin - $63,184 (↓1.9%)
✨ Ethereum - $2,575 (↓3.1%)
🧪 S&P 500 - 5,722 (↓0.19%)
🕗 DXY - 100.92 (↑0.45%)
🌉 Gold - 2,657 (↑0.02%)

The Hamster Kombat $HMSTR token will be listed at 12:00 UTC. According to preliminary call auction trading, the price is around $0.012 🐹

Dubai’s Virtual Asset Regulatory Authority will adopt stricter requirements for companies marketing crypto investments in the country 🇦🇪

Meta CEO Mark Zuckerberg revealed the first “fully functioning” prototype of his company’s augmented-reality smart glasses, a new AR headset, and its AI model 🤓

Crypto-friendly New York City Mayor was indicted on federal criminal charges following a lengthy corruption probe that started over two years ago 👮

WazirX, which lost $234 million in a hack, had filed an application with the Singapore High Court for a six-month moratorium ⚖️

🔹 Last 24 hours top 3 gainers:

Worldcoin - $2.14 (↑18.34%)
Starknet - $0.494 (↑15.65%)
Shiba Inu - $0 (↑14.24%)

#GM

Hamster Kombat token $HMSTR is now trading on Binance at around $0.0135 🔼

Are you selling or holding your airdrop?

Trader turned $1,331 into $3,400,000 in only two weeks 😳

This user spent 9.8 SOL coins to buy $38.7 million MOODENG tokens. In less than 15 days his returns are now above 2,554x or $3.4 million 🔼

Of course, it is important to remember that there is not enough liquidity in this coin to capture even half of this profit, so this is only a paper ROI 🤷‍♀️

Bitcoin trades above $65,000 for the first time since early August 🤑

Will we see more growth in October? Or another correction? Let's take a vote:

👍 — More growth

🫡 — Correction

$HMSTR is down 53% since the listing 😵

Hamster Kombat farmers have been farmed, absolute fiasco 👋

✅ The price of Bitcoin passed the $65,000 mark on Thursday for the first time since the start of August as traditional investors are getting exposure to the asset via the new Bitcoin ETFs, hundreds of millions of $ in net inflows 3rd day in a row 🔼

Daily Digest:

🔸 Billionaire Mark Cuban wants to be SEC Chair should Harris win the presidential election

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

🔸 Meta revealed the first “fully functioning” prototype of his company’s augmented-reality smart glasses 🥸

🔸 Crypto-friendly New York City Mayor was indicted on federal criminal charges

🔸 WazirX, which lost $234 million in a hack, had filed an application with the Singapore High Court for a six-month moratorium

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

🔸 Both Robinhood and Revolut are considering issuing their stablecoins

🔹 Prices:

🥇 Bitcoin - $65,177 (↑3.2%)
✨ Ethereum - $2,639 (↑2,9%)
🧪 S&P 500 - 5,745(↑0.40%)
🕗 DXY - 100.57 (↓0.34%)
🌉 Gold - 2,672(0%)

How it usually goes 😅

Net inflows into spot Bitcoin ETFs totaled $365 million yesterday. For the third day in a row, investors have been buying Bitcoin through ETFs, helping to push the price closer to $66,000 📈

Hamster Kombat has announced its plans for the rest of 2024 and into 2025, including the launch of a Web3 gaming platform to expand its game offerings 🐹

The United States SEC won a partial victory in its case against blockchain firm Opporty International and its owner — accusing them of conducting a fraudulent ICO ⚖️

A New York district court Judge denied the defendant's bid to toss three federal charges brought against Tornado Cash’s developer. Tornado Cash developer Roman Storm could face 45 years in prison if convicted of all charges 🌪

🔹 Last 24 hours top 3 gainers:

Shiba Inu - $0 (↑20.31%)
Wormhole - $0.325 (↑19.02%)
FLOKI - $0 (↑17.85%)

#GM

Bitcoin just broke above the $66,000 level resistance 🤑

There's a chance CZ will be released today, as his official release date (September 29) falls on a weekend 🕐

Many say that the release of Binance's founder will mark the beginning of an explosive bull market 😮

What is MC and FDV? 😮

Market cap (MC) measures the total value of a cryptocurrency token by multiplying its current price by the number of tokens in circulation. It shows the size of a project in the market. Only unlocked tokens are calculated 🧮

To calculate market cap, use this formula: current price x supply in circulation. It's a quick way to understand how big a project is compared to others

Fully Diluted Valuation (FDV) includes all tokens, even those that have not yet been released. It uses the total supply of tokens to show the potential value of the project.

Usually altcoins have "low float", it means that MC is low, but FDV is very high, it means that with time, when all tokens will be unlocked, it will be much harder to push the price up 👍

#FAQ

✅ Large inflows into BTC ETFs and bullish market sentiment are making themselves felt, with Bitcoin hitting $60k during the day, and October hasn't even started yet 😼

Daily Digest:

🔸 Binance founder CZ walks free from US prison 🕐

🔸 Hamster Kombat has announced its plans for the rest of 2024 and into 2025

🔸 The United States SEC won a partial victory in its case against blockchain firm Opporty International

🔸 Tornado Cash developer Roman Storm could face 45 years in prison if convicted of all charges

🔸 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 👛

🔸 FBI has seized over $6 million worth of crypto from crypto romance scheme scammers

🔹 Prices:

🥇 Bitcoin - $65,804 (↑1.2%)
✨ Ethereum - $2,692 (↑2.1%)
🧪 S&P 500 - 5,738 (↓0.14%)
🕗 DXY - 100.42 (↓0.1%)
🌉 Gold - 2,658 (↓0.53%)

As it should be 😂

What is FOMO? 😨

FOMO, or Fear of Missing Out, is when investors act on emotions rather than logic, fearing they’ll miss a big opportunity

Take a look at the screenshot, this trader just recently sold 21 million MOODENG tokens for $297. Today that would be the equivalent of $6.3 million.

In hindsight, many analyze this trade feeling FOMO for this trader, everything seems obvious when you already know what will happen, but this is outcome bias.

🛒 When buying, FOMO can cause someone to buy too late at a high price, hoping it’ll go even higher, only to see it drop soon after.

When selling, FOMO can make someone bullish hesitate, hoping for a lower entry price, but then the price keeps going up, and they miss the chance 📈

FOMO often leads to poor decisions and can be costly. Staying calm and following a plan is key to avoiding it.

Remember, that fear is the mind killer, no matter if it's fear of losing money or fear of not making more than you could 😨

#FAQ

In the last 4 years, Bitcoin has outperformed technological giants' stocks, U.S. top 500 companies stock index, real estate, gold 📊

Not surprisingly, investors from the world of traditional finance are not averse to giving crypto a place in their financial portfolios 🛒

This is evidenced by the inflows into BTC ETFs this week, with net inflows over the past 7 days totaling $1,133,000,000 💵

The best way to predict the future is to analyze past behavior 🧠

Since 2013, every time Bitcoin had a green month in September, it also grew in the following months 🔼

This means that this time we can expect growth in October, December...

What is the Bitcoin Rainbow chart? 🌈

The Bitcoin Rainbow Chart shows Bitcoin's price trends using colored bands. It helps indicate whether Bitcoin is overvalued, fairly valued, or undervalued 🧮

Each color band represents a different price range. For example, dark blue means Bitcoin is highly undervalued, while dark red suggests it's overvalued.

🔍 Although the chart is useful for spotting trends, it only uses historical data. It’s best to combine it with other tools like trading volume and technical analysis.

Where we are now?

The Bitcoin Rainbow Chart shows Bitcoin's price is now in the "HODL!" zone. This means it’s fairly valued based on past trends 😌

If the price rises, it will enter the "Is this a bubble?" zone, signaling possible overvaluation.

If Bitcoin drops into the green or blue bands, it suggests undervaluation and a better buying opportunity 🛒

#FAQ