Fed Raises Rates 25 Basis Points
The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4%, marking its first hike since July 2023, as inflation remains elevated. Bitcoin is currently at $75,700. #Update #Crypto $BTC
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Celsius Sues BitMEX for $495 Million Liquidations
Bankrupt crypto lender Celsius Network has sued BitMEX for $495 million over alleged forced liquidations during the March 2020 crash, claiming losses of 6,360 BTC. #Breaking #Legal $BTC
Crypto Tax Bill Advances After Clarity Act Loss
U.S. House tax committee advanced the Digital Asset Tax Certainty Act with a 38-5 vote, clarifying crypto tax treatment for small transactions and income recognition. #Update #Crypto $BTC $ETH
Hamas Urges Donors to Ditch Binance
Hamas’ military wing advised donors to avoid @Binance, citing compliance issues, while investigations into $165M in crypto transactions linked to financing Hamas are ongoing. @OKX stated it flagged illicit activity. #Update #Crypto $BTC
Hyperliquid Launches Onchain Perpetual Futures
@Payward plans to offer U.S. clients perpetual futures on Hyperliquid, leveraging its registered broker and existing clearinghouse, but has not disclosed fees or launch dates. #Update #Crypto $BTC $ETH
Blockchain Platform Theo Launches $40M Tokenized Silver
@Theo launches tokenized silver with over $40 million in leases, targeting institutions and whitelisted investors. The tokenized commodities market now totals $4.9 billion across 130 products. #Update #Crypto $SLVR
Avalanche Powers LatAm Telecom Financial Shift
@Iris expands into Latin America, leveraging mobile operators to enhance financial app distribution. VIVA’s super-app reduced churn by 33% and increased customer value by 35%. #Update #Crypto $AVAX
Identity Theft Risks Surge Amid Crypto Theft
A recent analysis highlights the risks of data hoarding in crypto, warning that while stolen funds may be recoverable, leaked identities are not. The need for private, portable proof of identity is emphasized. #Update #Crypto $BTC $ETH
Bitcoin Core 32 Launches with Faster Validation
Bitcoin Core enters final testing for version 32.0, enhancing transaction fee estimation and block processing ahead of its planned release on Oct. 10. #Update #Crypto $BTC
Bitcoin Launches $10 Million Yield Vault
@TwoPrime launched a bitcoin lending vault on Pareto, targeting 1.5%-2% annual yields with a minimum deposit of 5 WBTC ($400K), backed by $10M to cover initial losses. #Update #Crypto $BTC
Bitcoin Diverges from Dollar Index Ahead of Fed
Bitcoin’s correlation with the Dollar Index and U.S. stocks weakens ahead of the Fed’s expected 25 basis point rate hike, raising concerns over regulatory impacts on crypto markets. #Update #Crypto $BTC
Crypto Custody Launches at Deutsche Bank
@DeutscheBank will launch its digital asset custody service for institutional clients by year-end, supporting $BTC, $ETH, and stablecoins. The service aims to complement traditional finance. #Update #Crypto $BTC $ETH
Circle Launches Arc Blockchain More Impactful Than USDC
@Circle has launched the Arc blockchain, featuring major validators like @BlackRock and @Mastercard, aiming to serve as a hub for asset issuance with transaction fees in $USDC. #Update #Crypto $USDC
Robinhood Engineers Charged with Insider Trading
Two @Robinhood engineers, Hefu Chai and Huaisong Xiang, face charges of commodities fraud and wire fraud for insider trading using confidential information on perpetual futures. #Breaking #Legal $BTC