🚀 Bitcoin Briefly Drops Below $54,000 Before Recovering
#Bitcoin #cryptocurrency #priceupdate #BlockBeats #marketnews #BTC
According to BlockBeats, Bitcoin experienced a brief dip below $54,000 early this morning. As of now, the cryptocurrency is priced at $54,109, reflecting a 24-hour increase of 0.21%.#Bitcoin #cryptocurrency #priceupdate #BlockBeats #marketnews #BTC
🚀 US Regulator Files Emergency Motion To Block Election Betting Contracts
#CFTC #Kalshi #ElectionBetting #PredictionMarket #EmergencyMotion #USRegulator #LegalBattle #GamingLaw #PublicInterest #JudicialOpinion
According to Cointelegraph, the United States Commodity Futures Trading Commission (CFTC) has urgently filed an emergency motion to prevent Kalshi, a US prediction market, from offering election betting contracts. This action follows a judge's decision to overturn a previous order that halted Kalshi’s election markets.
In a court filing dated September 6, the CFTC requested an “emergency stay” of the court’s decision that overturned its order prohibiting Kalshi from listing its election contracts for trading. The regulator argued that without the court’s detailed reasoning, it cannot make an informed decision on whether to appeal or fully brief a motion for a stay pending any forthcoming appeal.
The CFTC emphasized the urgency of the matter, stating that Kalshi is expected to immediately list the relevant election contracts and begin trading as soon as they are listed. The regulator supported its request by noting that Kalshi had already announced on its homepage that “Election Markets are Coming to Kalshi!”
The filing coincides with Judge Jia Cobb of the US District Court for the District of Columbia ruling in favor of Kalshi, allowing the platform to offer products that enable people to bet on the outcome of the US election on November 4. Following the ruling, Kalshi published an announcement on its website.
Jake Chervinsky, chief legal officer at Variant Fund, commented on the ruling in a September 7 post, describing it as a “HUGE win” for Kalshi. However, he also expressed a desire to see the judicial opinion before making further comments. Chervinsky suggested that the best way to address regulatory overreach is to file more lawsuits.
The CFTC initially submitted the order in September 2023, arguing that the contracts involve gaming and activities that are unlawful under state law and contrary to the public interest.#CFTC #Kalshi #ElectionBetting #PredictionMarket #EmergencyMotion #USRegulator #LegalBattle #GamingLaw #PublicInterest #JudicialOpinion
🚀 US Economy Shows Signs Of Soft Landing, Says Treasury Secretary Yellen
#USEconomy #SoftLanding #JanetYellen #EmploymentData #EconomicRecovery #NoRecession
According to Odaily, U.S. Treasury Secretary Janet Yellen has stated that the American economy is in good condition. Recent employment data, which has shown a cooling trend over the past few months, indicates that the economy is experiencing a soft landing rather than heading into a recession. Yellen emphasized that there have been no significant layoffs and described the economy as being in a state of 'deep recovery.'#USEconomy #SoftLanding #JanetYellen #EmploymentData #EconomicRecovery #NoRecession
🚀 Yellen Asserts US Economy Is On Track For Soft Landing
#Yellen #USEconomy #SoftLanding #EmploymentData #EconomicRecovery #Recession #TreasurySecretary
According to BlockBeats, U.S. Treasury Secretary Janet Yellen has stated that the American economy is in good condition. Speaking on September 8, Yellen highlighted that recent employment data, which has shown a cooling trend over the past few months, indicates that the economy is heading towards a soft landing rather than a recession. She emphasized that there have been no significant layoffs and described the economic situation as a 'deep recovery.'#Yellen #USEconomy #SoftLanding #EmploymentData #EconomicRecovery #Recession #TreasurySecretary
🚀 Whale Investor Acquires 10,954 ETH at $2,282 Each
#WhaleInvestor #ETH #Blockchain #Crypto #Investment #OnChainAnalysis #Yujin #NemorinoEth #Cryptocurrency #MarketTrends
According to Odaily, on-chain analyst Yujin has reported that the whale investor known as nemorino.eth has purchased 10,954 ETH within a span of nine hours, with an average price of $2,282 per ETH. This acquisition follows a previous transaction on September 6, where the same investor sold 18,650 ETH at $2,311 each.#WhaleInvestor #ETH #Blockchain #Crypto #Investment #OnChainAnalysis #Yujin #NemorinoEth #Cryptocurrency #MarketTrends
🚀 Friend.tech Updates Admin And Ownership Parameters To Prevent Future Changes
#FriendTech #Blockchain #SmartContracts #CryptoUpdates #Ownership #AdminParameters
According to Odaily, friend.tech announced that the Admin and ownership parameters have been set to 0x000...000 to prevent any future changes to its fees or functionalities. This modification will not affect the separate web client running on friend.tech, which will continue to operate normally. Currently, fees from smart contracts or friend.tech will not be directed to the friend.tech development team's multisig.#FriendTech #Blockchain #SmartContracts #CryptoUpdates #Ownership #AdminParameters
🚀 Ethena Stablecoin Supply Decreases By 25.5% Since July
#Ethena #Stablecoin #USDe #TokenSupply #Cryptocurrency #MarketTrends #Blockchain
According to BlockBeats, as of September 7, data from Ethena's official website indicates that the supply of USDe has dropped to 2.69 billion tokens. This marks a significant decrease of approximately 25.5% from the early July peak of 3.61 billion tokens. Additionally, Ethena's stablecoin protocol reserve fund remains at $46.61 million.#Ethena #Stablecoin #USDe #TokenSupply #Cryptocurrency #MarketTrends #Blockchain
🚀 Former Mt.Gox CEO Highlights Centralized Risks and Scam Projects in Blockchain Industry
#MtGox #Blockchain #CentralizedRisks #ScamProjects #HDwallets #KoreaBlockchainWeek #MarkKarpeles
According to Odaily, former Mt.Gox CEO Mark Karpeles expressed concerns about the excessive centralized risks and the prevalence of scam projects in the blockchain industry during an interview at Korea Blockchain Week. Karpeles emphasized that many projects in the industry are either scams or fail to introduce any significant new content. He stated, 'There are too many such projects, and I have to use the word 'bad' in a very broad sense because they are either scam projects or projects that do not bring any particularly outstanding new content.'
Karpeles also advocated for Hierarchical Deterministic (HD) wallet technology, suggesting that if HD technology had been available during the Mt.Gox era, the infamous incident might have been avoided. HD wallets are designed to securely manage and generate multiple pairs of public and private keys from a single master seed.#MtGox #Blockchain #CentralizedRisks #ScamProjects #HDwallets #KoreaBlockchainWeek #MarkKarpeles
🚀 Jupiter Launches Alpha Trial For PPP Token List Selection Process
#Jupiter #PPPToken #TokenSelection #Catdets #AlphaTrial #CommunityVoting #TokenCommunities #Crypto #Blockchain #PublicTesting
According to Odaily, JUP Catdets announced on platform X that the alpha trial for the PPP Token List selection process has commenced on Jupiter's Discord. The PPP Token List, managed by Catdets, aims to identify and highlight token communities that embody the Peer-Pump-Peer spirit initially mentioned by Jupiter co-founder Meow. To be considered, these token communities must already be part of the existing Jupiter Community List, formerly known as the token Strictlist. The selection process within the Catdet community is consensus-based and is currently in the alpha testing phase.
During the initial alpha phase, eight communities were nominated by Catdets, with @ChurchOfTheSCF and @M0CKJUP being the first to accept the invitation. Over the next week, Catdets will vote on eligible projects and award the first PPP token label. The plan is to open the entire public testing process, including public applications, in the coming weeks. Token communities with the PPP label will have more opportunities to participate in discussions around PPP and feature in more community podcasts and shows.#Jupiter #PPPToken #TokenSelection #Catdets #AlphaTrial #CommunityVoting #TokenCommunities #Crypto #Blockchain #PublicTesting
🚀 Bitcoin's 2024 Price Structure Mirrors 2019 Trends, Says Analyst
#Bitcoin #2024 #PriceStructure #2019Trends #Consolidation #MarketAnalysis #CryptoInvesting #BTC
According to Odaily, Julien Bittel, the head of macro research at Global Macro Investor, recently shared insights on X regarding Bitcoin's current price structure. Bittel noted that Bitcoin's price pattern this year is strikingly similar to that of 2019. He highlighted that Bitcoin has been in a consolidation phase, which has lasted for 175 days so far, mirroring the duration of the 2019 consolidation period.
Bittel emphasized that the market is approaching a critical juncture, suggesting that significant developments could occur soon. He pointed out that the upcoming week will be particularly noteworthy as market participants closely observe Bitcoin's response to this potential turning point. The key question remains whether Bitcoin will follow the 2019 script or deviate from it. Bittel concluded by stating that if the current trend persists, there could be substantial upward momentum in Bitcoin's price.#Bitcoin #2024 #PriceStructure #2019Trends #Consolidation #MarketAnalysis #CryptoInvesting #BTC
🚀 Ethereum(ETH) Surpasses 2,300 USDT with a 2.55% Increase in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #trading #marketdata
On Sep 08, 2024, 04:56 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,300 USDT benchmark and is now trading at 2,303 USDT, with a narrowed 2.55% increase in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #trading #marketdata
🚀 Solana Ecosystem's Sonic SVM Announces HyperFuse Guardian Nodes Sale
#Solana #SonicSVM #HyperFuse #GuardianNodes #NodeSale #SVM #Hypergrid #Blockchain #Gaming #SeriesAFunding #TokenSale #Partnerships #ActiveWallets
According to Odaily, Solana ecosystem Layer 2 network Sonic SVM has recently announced the sale of HyperFuse Guardian Nodes, marking the first node sale within the Solana ecosystem. The official announcement highlights that HyperFuse Guardian Nodes are an essential part of the Sonic Hypergrid framework within the SVM ecosystem, contributing to both security and functionality. Node operators will assist in validating state transitions and enhancing network efficiency. Early adopters have the opportunity to purchase Sonic tokens at a price lower than that offered to venture capitalists during Sonic's $12 million Series A funding round.
The node sale will be conducted in three phases: Tier 1 Raffle on September 16 at 21:00 UTC+8, Whitelist Sale on September 18 at 21:00 UTC+8, and Public Sale on September 19 at 21:00 UTC+8. This node sale is a crucial part of Sonic's strategy to develop the SVM ecosystem and the Solana gaming sector. The company has also revealed partnerships with over 40 game studios and boasts more than 2 million active wallets on its platform.
In June, Sonic announced the completion of a $12 million Series A funding round led by Bitkraft Ventures, with participation from Galaxy Interactive, Big Brain Holdings, and others. The fully diluted token valuation in this round reached $100 million. Sonic's legal entity, Mirror World Labs, has developed proprietary technology called the HyperGrid Framework, which enables horizontal scaling through rollups on the Solana chain.#Solana #SonicSVM #HyperFuse #GuardianNodes #NodeSale #SVM #Hypergrid #Blockchain #Gaming #SeriesAFunding #TokenSale #Partnerships #ActiveWallets
🚀 Bitcoin And Ethereum Contract Holdings Decline
#Bitcoin #Ethereum #ContractHoldings #MarketDecline #Coinglass #BlockBeats #ETH #BTC
According to BlockBeats, data from Coinglass on September 8 indicates that the total Bitcoin contract holdings across the network have decreased to $28.396 billion, marking a 6% decline over the past week.
Additionally, Ethereum contract holdings have fallen to $10.346 billion, with a decrease of less than 2%.#Bitcoin #Ethereum #ContractHoldings #MarketDecline #Coinglass #BlockBeats #ETH #BTC
🚀 Aave Co-Founder Announces Upcoming Launches on Ethereum Mainnet
#Aave #Ethereum #EtherFi #Ethena #ZKsync #Linea #blockchain #AAVE
According to BlockBeats, on September 8, Aave co-founder Stani announced on his social media platform that in the coming weeks, the protocol will launch customized markets for EtherFi and Ethena on the Ethereum mainnet.
In addition, the protocol will expand to the ZKsync and Linea L2 networks.#Aave #Ethereum #EtherFi #Ethena #ZKsync #Linea #blockchain #AAVE
🚀 Federal Reserve Expected To Cut Interest Rates In September
#FederalReserve #InterestRates #RateCut #CME #FedWatch #UnemploymentData #Economy
According to BlockBeats, the CME 'FedWatch' tool indicates that following the release of unemployment data by the Bureau of Labor Statistics this week, there is a 70% probability that the Federal Reserve will cut interest rates by 25 basis points in September. Additionally, there is a 30% chance of a 50 basis point rate cut.#FederalReserve #InterestRates #RateCut #CME #FedWatch #UnemploymentData #Economy
🚀 Ripple CEO Highlights Japan's Regulatory Efforts and Stablecoin Potential
#Ripple #Japan #Stablecoin #RegulatoryClarity #Investments #Cryptocurrencies #BradGarlinghouse #XRP
According to Odaily, Ripple CEO Brad Garlinghouse has praised Japan's regulatory clarity, stating that it has fostered a thriving environment for startups and investments. Garlinghouse anticipates strong demand for a yen-backed stablecoin but emphasized that Ripple will not commit to launching a stablecoin in Japan before introducing one in the United States. In an interview with Bloomberg, Garlinghouse remarked, 'People will want to hold a yen stablecoin; I think it's just a matter of time.' He acknowledged that while Japan can be a conservative market in some respects, it is also 'very healthy' in others. Garlinghouse believes Japan has excelled in providing regulatory clarity and legislation for stablecoins and cryptocurrencies. However, Ripple's primary focus remains on launching a stablecoin in the U.S. before considering the Japanese market.#Ripple #Japan #Stablecoin #RegulatoryClarity #Investments #Cryptocurrencies #BradGarlinghouse #XRP
🚀 BNB Surpasses 500 USDT with a 1.44% Increase in 24 Hours
#BNB #USDT #Binance #cryptocurrency #trading #increase #marketdata
On Sep 08, 2024, 07:17 AM(UTC). According to Binance Market Data, BNB has crossed the 500 USDT benchmark and is now trading at 500.299988 USDT, with a narrowed 1.44% increase in 24 hours.#BNB #USDT #Binance #cryptocurrency #trading #increase #marketdata
🚀 Tether Acquires Stake In Latin American Agricultural Giant Adecoagro
#Tether #USDT #Adecoagro #agriculture #investment #LatinAmerica #sustainability #sugarcane #BitcoinMining #greenenergy #AI #foodsector
According to Odaily, Tether, the issuer of the USDT stablecoin, has acquired a 9.8% stake in Latin American agricultural giant Adecoagro. Argentine media reports that the company invested $100 million to diversify its investments in the agriculture and food sectors. Adecoagro is valued at over $1 billion and operates directly in Argentina, Brazil, and Uruguay. The company is a major milk producer in Argentina and manages over 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol.
This investment marks one of Tether's initial ventures into the agricultural sector. Previously, Tether has expanded its business into green energy, Bitcoin mining, artificial intelligence, and educational programs.#Tether #USDT #Adecoagro #agriculture #investment #LatinAmerica #sustainability #sugarcane #BitcoinMining #greenenergy #AI #foodsector
🚀 Crypto Market Sees $44.42 Million in Liquidations Over 24 Hours
#CryptoMarket #Liquidations #Coinglass #Cryptocurrency #LongPositions #ShortPositions
According to Odaily, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $44.42 million over the past 24 hours. Of this amount, long positions accounted for $20.32 million, while short positions made up $24.10 million.#CryptoMarket #Liquidations #Coinglass #Cryptocurrency #LongPositions #ShortPositions
🚀 Puntored Secures $2 Million Funding To Enhance Cross-Border Transactions In Latin America
#Puntored #Funding #CrossBorderTransactions #LatinAmerica #Fintech #StellarBlockchain #DigitalWallets #PaymentServices #SMEs #RuralDevelopment #XLM
According to Odaily, fintech company Puntored has successfully raised $2 million in funding. The investment was made through the Stellar Development Foundation's Stellar Enterprise Fund. Puntored plans to use this new capital to enhance its technological capabilities and facilitate cross-border transactions across Latin America via the Stellar blockchain network. The company aims to explore digital wallets, embedded payment services for enterprises, and credit services for small and medium-sized enterprises (SMEs). These services will be targeted at users in rural, metropolitan, and remote areas of Mexico, Colombia, and Puerto Rico.#Puntored #Funding #CrossBorderTransactions #LatinAmerica #Fintech #StellarBlockchain #DigitalWallets #PaymentServices #SMEs #RuralDevelopment #XLM