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Renowned economist Peter Schiff criticized @saylor at the Nashville Bitcoin Conference 2024, labeling Bitcoin a “pyramid scheme.” Saylor advocated for the U.S. to back its dollar with Bitcoin, comparing it to “cyber Manhattan,” and suggested the U.S. hold Bitcoin reserves like gold. #Update
AAVE, the native cryptocurrency of @AaveAave, surged past $100, trading 12% up at $100.27 with a market cap of $1.49B. The boost follows a new governance proposal to introduce a fee switch and token buy-back program, potentially generating $60M annually for holders. #CryptoNews
Mt. Gox Bitcoin creditors face withdrawal restrictions on @Bitstamp. Frustration mounts over a mandatory verification process, including fully booked video calls. Despite having credited coins, users can’t withdraw without completing the call. Meanwhile, @krakenfx’s smooth disbursement process is praised. #CryptoNews
Semler Scientific ($SMLR) plans to boost its Bitcoin ($BTC) holdings through stock sales, inspired by MicroStrategy. The SEC might delay due to crypto regulations. This strategy follows Semler’s $57M Bitcoin addition earlier this year. #Update
Economists predict the U.S. Fed will cut interest rates by September as PCE inflation slows to 2.5%. Bitcoin rose 5%, reflecting a bullish crypto sentiment. Major banks estimate three rate cuts this year, signaling a pivotal shift in monetary policy and market dynamics. #Update
Elon Musk’s X removed the Bitcoin emoji amid a BTC conference in Nashville. This aligns with X’s recent end of ‘special hashtags.’ Meanwhile, Nexo pushes for a global BTC emoji adoption, supported by Bitget, Polygon, and Chainalysis. This could boost crypto recognition. #Bitcoin #BTC
Ripple Labs and the SEC continue their legal face-off. Lawyer Bill Morgan disputes a “showdown” over settlement, while CEO Brad Garlinghouse remains optimistic. The SEC claims $1.3B in unregistered XRP sales, complicating Ripple’s plans for a U.S. IPO. #CryptoNews
WSPN partners with @CanzaFinance to bring blockchain financial services to Africa. Using $WUSD stablecoin, they aim to boost financial inclusion by converting local currencies for remittances and savings. Canza’s Baki platform maintains 1:1 parity with central bank rates, combating currency devaluation. #Finance #Blockchain
500K $ETH options worth $1.62B expire today, with $ETH trading at $3,250 post a 3% recovery. Spot Ethereum ETF approval influences prices. Max pain point at $3,300, with a put-call ratio of 0.46. 265K $BTC options worth $18.6B also expire, with $BTC at $67K. #Update
Senator Cynthia Lummis hints at major Bitcoin announcement at Bitcoin Conference 2024. Proposed legislation could position Bitcoin as a strategic reserve asset for the US Federal Reserve, potentially stabilizing the dollar and legitimizing Bitcoin. Supported by key figures like former President Donald Trump. #Bitcoin #Update
Russian ransomware groups raked in $500M+ in crypto in 2023, says TRM Labs. Lockbit hit Boeing, while BlackCat/ALPHV attacked MGM. Russia-based Garantex handled 80% of sanctioned crypto volumes, funding military gear from China. New bills may let Russia use crypto for trade. #CryptoNews
Donald Trump (@realDonaldTrump) withdraws from Sept. 10 debate with Kamala Harris. This follows Harris’ rejection of a Bitcoin Conference proposal. Trump’s campaign cites political chaos around Biden. Trump to speak at the Bitcoin Conference, having raised $4M in crypto donations. #CryptoNews
The Ethereum Foundation moved 92,500 ETH ($294.9M) to a new wallet for the first time in 6.6 years, drawing attention from the crypto community. Grayscale’s Ether ETF lost $346M, while Black’s and Fidelity’s ETFs saw inflows. Bitwise’s ETF banner went up at the NYSE. #Ethereum #Update
Peter Schiff criticizes Donald Trump for endorsing $BTC ahead of the US Presidential elections, calling it riskier than CEOs investing shareholder money. Trump’s comments spurred $4M in crypto donations, highlighting his potential influence on future crypto regulations. #Bitcoin #Update
