Federal Reserve cuts rates by 50 basis points to 4.75%-5.00%, the first decline in four years. Driven by economic growth, rising unemployment, and 2% inflation target. Markets responded positively; further rate cuts to 2.9% by 2026 expected.
WisdomTree launches Ethereum-based platform for tokenized real-world assets. WisdomTree Connect supports US dollar and USDC transactions, yield-generating products, and plans for dApp interactions, enhancing liquidity and digital asset accessibility.
Vitalik Buterin discusses AI risks and crypto synergy. Highlights include decentralized AI models for security, potential applications in medicine and education, and using cryptocurrency to fund open-source AI, fostering a decentralized and ethical tech landscape.
Bitget achieves 45M users in six years, ranking among the top 4 crypto exchanges by trading volume. Significant growth in 2024: Africa (1614%), South Asia (729%), and Southeast Asia (216%). Expanded token offerings and strong social responsibility programs.
Coinbase adds Aleo ($ALEO) to its platform under the experimental label, sparking bullish market speculation. Trading will begin once sufficient supply is available. This move aims to diversify user options and may encourage broader crypto adoption.
TrueX, a non-custodial crypto exchange launched by ex-Coinbase and Goldman Sachs veterans, is now available to US institutional investors. Using stablecoins like PYUSD for settlements, it secured $9M seed funding from RRE Ventures and Solana Foundation.
Former Coinbase execs launch TrueX, a stablecoin exchange, opting for PayPal’s PYUSD over $USDC. TrueX raised $9M in seed funding, with Paxos Trust as custodian and investor, focusing on US institutional traders.
CEX.IO and @MoneyGram team up to enable seamless, fee-free USDC-to-cash conversions in 152 countries, including Austria and Poland. This service enhances financial inclusivity for users with limited banking access.
Cencora paid $75M in Bitcoin to the Dark Angels ransomware group, down from $150M. On-chain analyst @zachxbt revealed the transactions, criticizing Cencora’s transparency. The crypto community urges tracking the wallets to recover the funds.
Revolut plans to launch its own stablecoin, joining industry leaders like $XRP, @PayPal, and @BitGo. With a market cap of $161.2 billion, stablecoins are gaining traction. This move highlights Revolut’s focus on compliance and security.
EURe stablecoin launches on Noble network, enabling seamless bank-crypto transactions and broad access across the Cosmos ecosystem. Holding 47.8% market share among euro-pegged stablecoins, EURe sets a new standard for digital payments.
Ripple’s Chief Legal Officer Stuart Alderoty calls for clear SEC crypto regulations to boost industry growth. Ripple’s legal wins and RLUSD stablecoin launch strengthen its market position, enhancing international transfer efficiency.
U.S. Bitcoin ETFs saw $186.76M inflows on Sept 17, 2024, while Ethereum ETFs faced $15.11M outflows. ETFs like $HODL and $BTCO gained investor confidence. Hong Kong’s Bitcoin ETFs saw a 39 BTC outflow; Ethereum ETFs remained stable.
$LUNC’s v3.1.5 upgrade includes a critical security fix and enhanced transaction efficiency. @Binance supports the upgrade by suspending deposits/withdrawals temporarily. Despite the upgrade, $LUNC and $USTC prices dipped due to broader market sentiment.
