Arthur Hayes’ $250,000 investment in PEPE boosts its price by 11%, propelling it into the top 20 crypto assets by market cap. Hayes also diversifies with $7.71 million in Aethir tokens, showing a growing interest in memecoins and broader market investments.
Bitcoin ($BTC) hits $65K for the first time since August, driven by US Federal Reserve’s rate cuts and positive economic indicators. Crypto analyst Jelle targets $80K, citing bullish market structure and October’s historical profitability.
Judge denies motion to dismiss charges against Tornado Cash co-founder Roman Storm, who faces up to 45 years in prison. Court finds allegations credible, dismisses defense of targeting for writing code. Trial set for December 2, 2024.
The U.S. sanctions Russian crypto firms PM2BTC and Cryptex for laundering over $720M and aiding cybercriminals. Authorities offer $10M for information on Sergei Ivanov and Timur Shakhmametov. International cooperation traced transactions linked to dark web markets.
$DOGE surges nearly 10% as QED Protocol plans to introduce smart contracts on the network. Support from @elonmusk and significant whale accumulation drive large transactions, positioning Dogecoin as a serious contender in the DeFi space.
SEC likely to appeal Judge Torres’s ruling on Ripple’s $XRP sales, citing misinterpretation of the Howey Test. Legal experts see low chances of overturning, predicting costly and unlikely success. Potential impacts on digital asset regulations.
Guggenheim Treasury Securities issues $20M in digital commercial paper on Ethereum, rated P-1 by Moody’s. Utilizing Zeconomy’s AmpFi.Digital, this move highlights the growing acceptance of blockchain in traditional finance. Ethereum powers $1.6B in tokenized U.S. treasuries.
BNY Mellon’s digital asset custody plan, approved by the SEC, extends beyond Bitcoin and Ether. Their structure features individual crypto wallets linked to separate bank accounts for compliance and protection, signaling broader acceptance and integration of digital assets in traditional finance.
WazirX granted four-month moratorium by Singapore courts after $230M hack in July 2024. The exchange plans to disclose wallet addresses and publish financial statements to restore balances and restructure assets. Controversial “socialized losses” strategy sparks debate.
Bitcoin ETFs saw $105.84M inflows and Ethereum ETFs $43.23M on Sept 25, 2024, marking 11 positive days out of the last 13. This trend signals growing institutional trust in $BTC and $ETH through regulated investment vehicles. @HodlPress
Ethena Labs partners with BlackRock to launch UStb stablecoin, backed by BUIDL fund. UStb will be used as margin collateral on exchanges like Bybit and Bitget, offering investors robust security and diversified risk management options.
Avalanche Foundation launches $40M Retro9000 grant program to support new blockchain protocols and dApps. Developers earn points via blockchain activity. The Avalanche9000 update, set for testnet in October 2024, aims to reduce network costs and boost efficiency.
Two traders saw massive gains with meme coins: $95 into $96,900 in 12 hours with $INCEPT and $1,331 into $3.4M in 15 days with $MOODENG. Patterns suggest possible insider trading. Exercise caution in volatile markets.
BitMEX co-founder Arthur Hayes predicts $BTC will thrive from global quantitative easing, as increased money printing drives liquidity into cryptocurrencies. He advises against leverage, urging long-term holding, and warns of potential volatility risks.
