U.S. Jobs Plummet to 29000 Unemployment Hits 42%
U.S. added 29,000 jobs in September, with unemployment rising to 4.2%, below expectations. Bitcoin remains steady near $87,000 post-report. #Update #Crypto $BTC
breaking-news
SEC Proposes New Crypto Custody Rules
The U.S. Securities and Exchange Commission proposed a new rule clarifying crypto asset custody for investment firms, allowing self-custody under certain conditions and addressing outdated regulations. #Update #Crypto $BTC $ETH
Crypto Tax Delay Approved in Illinois
Illinois postpones its 0.2% crypto tax for six months after negotiations with the Digital Chamber and Illinois Blockchain Association, pending court approval to address legal disputes. #Update #Legal $BTC
Bitcoin Exchange Bitget Hit by $352M Hack
@Bitget reports a system breach exposing $351.6 million, with unauthorized transfers from hot wallets; cold wallets and user funds remain secure. Withdrawals paused for security review. #Breaking #Crypto $ETH
Crypto Provider Haruko Hit by Cyberattack Losing Funds
@Haruko suffered a cyberattack affecting 15 clients, resulting in a small amount of stolen funds and trading data; vulnerabilities in their infrastructure were exploited. #Breaking #Crypto
SEC Launches Innovation Exemption for Tokens
The SEC introduces a temporary ‘innovation exemption’ for tokenized securities, permitting platforms to tokenize real ownership assets while excluding synthetic tokens. This policy aims to facilitate on-chain trading. #Update #Crypto
Fed Raises Rates 25 Basis Points
The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4%, marking its first hike since July 2023, as inflation remains elevated. Bitcoin is currently at $75,700. #Update #Crypto $BTC
Crypto Clarity Act Fails in Senate Vote
The SEC proposed Regulation Crypto Assets to facilitate crypto fundraising, but Chairman Paul Atkins warned it lacks durability without legislative support. Fairshake’s PAC is undecided on political strategies ahead of the Nov. 3 election. #Update #Crypto
Fed Holds Rates Steady Under Chairman Warsh
The Federal Reserve held its benchmark fed funds rate steady at 3.50%-3.75% under new Chairman Kevin Warsh, with markets anticipating potential future rate hikes amid persistent inflation. #Update #Crypto $BTC $ETH
FTX Founder Sam Bankman-Fried Loses Appeal
@SamBankmanFried’s appeal against his fraud conviction was denied, with the court ruling that intent to repay does not negate fraud. The case highlights misappropriation of funds under false pretenses. #Update #Legal $BTC
SEC Sees FalconX IPO Filing Surge
@FalconX has confidentially filed a draft S-1 registration statement with the SEC for a potential IPO, hiring Cantor and other bankers; market conditions may delay the listing until year-end. #Update #Crypto
Google Engineer Allegedly Insider-Traded Search Results
A Google engineer, Michele Spagnuolo, was arrested for insider trading on Polymarket using confidential data, allegedly profiting over $1.2M. He faces multiple charges including fraud and money laundering. #Breaking #Legal $USDC
Bitcoin Surges as Trump Announces Iran Peace
Bitcoin $BTC surged to $76,700 after President Trump announced a peace agreement with Iran and other Middle Eastern nations, recovering from a dip below $74,000 earlier. #Breaking #Crypto $BTC (+7) ↗
Ethereum App Builder Consensys Delays IPO Launch
@Consensys delays its U.S. IPO plans until fall 2026 due to poor market conditions, following a significant downturn in crypto markets and investor sentiment. #Update #Crypto $ETH