Genesis Trading moved $3B in Bitcoin ($BTC) and Ethereum ($ETH) amid bankruptcy restructuring to manage creditor repayments. Transfers cover 77% of total claims, addressing instability from Mt. Gox and German government liquidations. #Crypto #Update
US Sen. @CynthiaMLummis proposes the U.S. buy Bitcoin as a reserve asset to stabilize the dollar and reduce debt, introducing the “BITCOIN Act of 2024.” Plan aims to cut national debt by half by 2045. #CryptoNews #Update
Crypto.com user Jatinder Singh mistakenly received over $10M instead of $100, leading to lavish spending and potential jail time. Authorities arrested his partner; Singh awaits sentencing. This incident highlights the need for stronger financial controls. #CryptoNews
Morgan Stanley (@MorganStanley) now lets its advisors offer Bitcoin ETF investments to clients worth $1.5M+ with high risk tolerance. This move boosts retail adoption, potentially driving Bitcoin’s market cap to $3T in 18 months. #Bitcoin
Lido launches Lido Institutional, a liquid staking solution for asset managers, custodians, and exchanges. With over $31B in crypto deposits, $LDO aims to solidify its lead in DeFi amidst new competitors. #Update #DeFi #Crypto
Base Dawgz, a new multichain memecoin inspired by a Base-jumping Shiba Inu, raises $2.7M in presale. Leveraging Coinbase’s Base chain, it offers 975% APY staking and a referral program. Presale price: $0.007061. Analysts predict 100x gains. #Update
CleanSpark Inc. secures a 75 MW Bitcoin mining site in Wyoming, overcoming national security concerns. In July, CleanSpark mined 494 BTC and reached 21.2 EH/s hashrate, aiming for 32 EH/s by 2024. #Update #BitcoinMining @CleanSpark_Inc
The Biden administration’s Choke Point 2.0 targets crypto firms by limiting banking access, causing banks like Signature Bank to cut crypto deposits and Metropolitan Commercial Bank to close its crypto department. Experts warn this stifles innovation. #Finance #Crypto
Web3 developers are using zero-knowledge modularity to boost blockchain scalability and efficiency. ZK-rollups cut proof verification costs from $20 to $1.80, enhancing security and throughput. The market for this tech may hit $1.5B by 2028. #Update
Toncoin ($TON) soars to 9th-largest cryptocurrency with a $17B market cap, fueled by @Telegram’s nearing 1B monthly users and seamless crypto payments. High-profile integrations and viral apps boost adoption amid rising regulatory concerns. #Update
Aave ($AAVE) surged 64.7% in a month but faces resistance at $115. Key levels: support at $80, critical Fibonacci at $143.09. Technicals suggest overbought conditions, potential pullback. RSI nearing 70. Close watch on $115 breach. #Update
Aave’s price surged 10% to $116.22, driven by whale activity and the launch of Aave V3.1. Over $6.47M in $AAVE moved off exchanges, boosting its market cap to $1.725T and total value locked to $12.63B. #Update
India’s Enforcement Directorate (@dir_ed) raided Emoillent Coin founders for a $890K crypto scam that defrauded 2,508 investors. The scam promised 40% returns from 2017-2019. This is Leh-Ladakh’s first crypto fraud raid. #CryptoScam
Coinbase faces allegations of violating campaign finance laws with a $25M donation to Fairshake super PAC amid a bid for a federal contract. Legal officer Paul Grewal denies claims, stressing Coinbase isn’t a federal contractor. #CryptoRegulation
