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$XLM surged 12%, showing strong market enthusiasm. Futures Open Interest jumped 47.24% to $42.01M, and derivatives volume spiked 229.81% to $184.91M. With XLM’s market cap at $2.98B and 24-hour trading volume up 120.04%, it could challenge its $1 resistance. #Update
Samson Mow proposes a buyback of 50,000 BTC for Germany’s national reserves after prior selloff. Joana Cotar and crypto advocates like Michael Saylor support the plan, aiming for strategic adoption and asset diversification. Mow to discuss details on Oct 17. #Bitcoin #Update
TRON’s (@justinsuntron) Q3 and Q4 2024 plans focus on enhancing user experience, expanding market share, and boosting their talent pool. $TRX saw price gains, reflecting investor confidence. With a market cap of $12.1B and a price of $0.14, TRON’s strong performance underscores its blockchain influence. #CryptoNews
SEC grants exceptions to big banks & brokerages from SAB 121 rules on crypto assets. These entities can exclude customers’ crypto holdings from balance sheets, provided they manage risks. This move favors larger financial firms, sparking industry backlash. #CryptoRegulation
Ripple vs. SEC lawsuit nears conclusion. With key legal wins, Ripple’s $XRP sees a 17% price surge, reclaiming $0.50. Judge Torres’ pending judgment could set a precedent for U.S. crypto regulation. Total XRP futures open interest rises by 19% to $1.18B. #CryptoNews
The renomination of anti-crypto SEC Commissioner Caroline Crenshaw may be delayed until post-2024 Elections due to Senate scheduling. Crenshaw, known for opposing Bitcoin ETFs, could impact SEC’s stance on crypto. Senate changes could shift SEC power balance. #Crypto #SEC
SEC remains silent on spot Ethereum ETF approval, leaving market participants in suspense. $ETH holders and major players are accumulating in anticipation. Approval could attract $1B monthly and push $ETH past $3,200, potentially sparking a bull run to $4,000. #Ethereum #Update
U.S. Bitcoin ETFs saw a $1.1B influx, hitting a record 888,607 BTC. BlackRock’s IBIT led with $523M, followed by Fidelity’s FBTC with $356M. Global Bitcoin ETF holdings reached 1,051,569 BTC. Despite German liquidations, Bitcoin’s price stabilized, showing strong institutional demand. #CryptoNews
Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty mark the first anniversary of Judge Torres’ ruling declaring $XRP not a security. This decision curbed SEC overreach and boosted $XRP’s market cap by 6% and trading volume by 46%. #CryptoNews
Kraken’s Thomas Perfumo predicts spot Ethereum ETFs could attract up to $1B monthly, potentially driving $ETH to new highs. He cites factors like the upcoming US election, possible rate cuts, and cooling inflation as bullish catalysts. #Ethereum #CryptoNews
Federal Judge Katherine Polk Failla has postponed Tornado Cash co-founder Roman Storm’s trial to early December. The trial will address whether Storm can be held accountable for user actions, including alleged money laundering by North Korean hackers. This case could set a precedent for developer responsibility. #CryptoLaw #Update
US Rep. Tom Emmer accuses SEC Chair Gary Gensler of “regulation-by-harassment,” demanding his dismissal. Mark Cuban echoes the call, citing harm to crypto growth. Crypto leaders warn current SEC practices may hurt Biden’s re-election. #CryptoRegulation
Germany has sold its last 3,846 $BTC, totaling $223.81M, marking the end of a month-long selloff of over 46,000 BTC. This move impacted crypto markets, keeping Bitcoin below $60K. Market experts now predict potential recovery and stabilization. #Crypto #BitcoinNews
Elon Musk’s X (formerly Twitter) rejected the European Commission’s deal to avoid fines for censoring speech without user consent. X faces penalties under the Digital Services Act (DSA) for deceptive practices and poor advertising transparency. Commissioner Thierry Breton stresses the need for transparency. #Regulation
