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🚨 New Video Alert!! 🚨 Is the four year cycle dead? Months after the Bitcoin halving, BTC is not budging. This is the first cycle ever where more than 125 days after the halving, the price of BTC is actually down, not up. Aren’t we supposed to be on the moon by now?! According to a new analysis, the 4 year cycle may be cooked. And not only that - it may have been dead for much longer than you think. Today, we find out if there is anything to this claim, and what it means for the crypto market. This is a video you don’t want to miss.

Solana Mobile, a subsidiary of blockchain developer Solana Labs, has just revealed its newest, shiniest smartphone, the “Solana Seeker.” The announcement was made at the TOKEN2049 conference in Singapore earlier today. Previously dubbed “Chapter Two,” the new Solana Seeker phone is half the cost of its predecessor, the Solana Saga. Solana Mobile claims presales for the new phone have now surpassed 140,000 units across 57 countries. The Seeker is estimated to ship in mid-2025. Commenting on the potential for the new phone, Emmett Hollyer, General Manager at Solana Labs stated,

Seeker, just like Saga, will be a rewards magnet, but also, it’s a huge opportunity for teams to build totally new experiences. It’s not the memecoin phone. It’s going to enable all of the great use cases on the network, whether that is memecoins or DeFi or payments or games.

Source 8️⃣ Crypto Exchange Bitget Inks Eight-Figure Deal With La Liga 🤝 Crypto exchange Bitget has reportedly sealed a multi-year partnership with Spain’s leading football league, La Liga. Bitget’s Chief Operating Officer Vugar Usi Zade revealed that the partnership is worth "eight figures" (at least $10 million) and that it is limited to Eastern and South East Asia regions, as well as LATAM regions. Zade added that the exchange will continue to make more effort to reach a larger audience, including through long-term partnerships. Source

🔔 MARKET MOVING NEWS! (19/09/24) 1️⃣ Fed Cuts Interest Rates by 50 Basis Points 🕯 Yesterday, the U.S. Federal Reserve announced it was lowering its benchmark fed funds rate by 50 basis points to 4.75%-5%. Notably, this marks the Fed’s first rate cut in four years following its most aggressive hiking cycle. Such rate cuts are typically interpreted as bullish for risk assets like BTC and stocks since they stimulate the economy by making it cheaper to borrow capital. The Fed stated that the move comes after it gained greater confidence that inflation was moving sustainably toward 2 percent. Fed members expect median benchmark rates to come down to 4.4% by year-end, reflecting additional rate cuts totalling 50 bps in the next two Federal Open Market Committee (FOMC) meetings. Source 2️⃣ Donald Trump Makes His First Bitcoin Purchase On A Burger At Pubkey Bar In New York City 💸 Last night, Republican presidential candidate Donald Trump used Bitcoin to purchase hamburgers at PubKey Bar - a New York City bar and restaurant famous for accepting Bitcoin. Trump reportedly made the stop at PubKey Bar before Wednesday night's campaign rally at the Nassau Coliseum in Long Island, New York. Trump claims this is his first purchase using Bitcoin. This comes less than two days after the Republican nominee announced the launch of a token through ‘World Liberty Financial’, a crypto platform run by members of his family. Source 3️⃣ Former Coinbase Execs Debut Stablecoin Exchange and PayPal USD Settlement Network ☄️ Former Coinbase executives Vishal Gupta and Patrick McCreary have announced the launch of True Market, a stablecoin-native and non-custodial crypto trading platform. The platform will reportedly use PayPal's PYUSD as the preferred stablecoin for settlements. TrueX, the company behind True Market, completed a $9 million seed funding from investors including Solana Foundation, Aptos, Paxos, and others. TrueX will be available in the United States, however only institutional investors will have access to it. Source 4️⃣ Ethena Domain Registrar Hacked, Ethena Labs Warns Users To Stay Away ❌ Ethena Labs, the company behind the decentralised synthetic dollar protocol, has temporarily deactivated its frontend website after its domain registrar account was compromised yesterday. Ethena Labs has cautioned users not to interact with any site or application claiming to be Ethena. It also reassured users that the Ethena protocol was not affected by the exploit and that all customer funds remained safe. Source 5️⃣ SEC Charges Defi Platform Rari Capital With Misleading Investors And Unregistered Broker Activity ‼️ The U.S. Securities and Exchange Commission (SEC) has reportedly reached an agreement to settle previously unannounced charges against DeFi platform Rari Capital. The announcement states the SEC found that Rari Capital and its co-founders misled investors and were not registered properly as brokers. Specifically, the SEC claims that Rari Capital’s managed Earn pools, which were marketed as lending pools that would "automatically and autonomously rebalance" depositor’s crypto, were done manually instead and that the firm sometimes failed to do so. The SEC also claimed that Rari offered unregistered broker services through the Fuse platform. Source 6️⃣ Fintech Giant Revolut Said to Be Planning Stablecoin ❓ According to a CoinDesk report, London-based fintech company Revolut is planning to issue its own stablecoin. The report, citing internal sources, claims the company is quite far along in creating the stablecoin. If true, this makes Revolut the most recent entrant to the stablecoin space, following the footsteps of PayPal, Ripple and BitGo. Source 7️⃣ Solana Unveils New Seeker Device, Says It’s Not Just A ‘Memecoin Phone’ 📱

🚨 New Video Alert!! 🚨 Crypto is at a crossroads. The spot ETFs have brought TradFi billions into crypto, but Wall Street is divided. BlackRock and Franklin Templeton want to send bitcoin to Valhalla and launch stuff on Ethereum. But JP Morgan and HSBC would rather see crypto collapse so they can promote their private enterprise blockchains on our grave. Which faction will prevail, and where could they take crypto? Tune in to find out!

🔔 MARKET MOVING NEWS! (18/09/24) 1️⃣ Binance Denies Responsibility in WazirX Hack, Says It Never Acquired the Company ❓ In a blog post published earlier today, global crypto exchange Binance reiterated its claim that it does not own, control or operate Indian crypto exchange WazirX in any way and accused Nischal Shetty (a director of WazirX’s parent company) of making “misleading statements” to the contrary on Tuesday. Specifically, Shetty submitted sworn affidavits to the Singapore High Court as part of an application for a moratorium to prevent creditors from taking collective action against the company. In these affidavits, Shetty made claims regarding Binance's relationship with WazirX, which Binance disputes. For context, the exchange recently suffered a hack which resulted in the loss of user funds valued at approximately $235 million. Binance claims that WazirX’s ownership dispute is “a disappointing deflection tactic” that seeks to shift responsibility. Source 2️⃣ Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System ▶️ Stablecoin issuer Circle has reportedly connected its USDC stablecoin with payment systems in Brazil and Mexico for corporate customers through integrations with leading banks. The move allows the direct conversion of Brazilian Reas and Mexican Pesos into USDC, omitting the need to convert the fiat currencies into USD. In a press release published yesterday, Circle stated,

Circle now supports local bank transfers via PIX and SPEI, the national real-time payment systems in Brazil and Mexico, respectively. Eliminating international wires can drastically reduce the time it takes to access USDC – from days to just minutes, releasing capital trapped in the lengthy settlement processes.

Source 3️⃣ Auditor Prager Metis Settles SEC Charges For Negligence While Investigating FTX 🤝 Accounting firm Prager Metis has reportedly agreed to settle charges brought by the US Securities and Exchange Commission (SEC) concerning the firm’s audits of the now-defunct crypto exchange FTX. Specifically, the SEC accused Prager of filing two suspicious audit reports that “falsely misrepresented” FTX’s financial position and failed to meet generally accepted auditing standards between February 2021 and April 2022. The SEC also had a second investigation into Prager Metis, which accused the firm of violating auditor independence rules in the audits of over 200 companies between 2017 and 2020. Prager has now agreed to pay $1.95 million to resolve both charges. Source 4️⃣ Wintermute Launches OutcomeMarket, US Election Prediction Tokens ⚡️ Algorithmic cryptocurrency trader and liquidity provider Wintermute is reportedly building a decentralised predictions market product with the support of Chaos Labs’ Edge Proofs Oracle. The prediction market, named ‘OutcomeMarket,’ will launch next week and initially focus on the 2024 U.S. presidential election with tokens tied to candidates Donald Trump and Kamala Harris. The prediction market will be accessible on Ethereum, Base and Arbitrum. It will reportedly use a permissionless smart contract developed by Wintermute to eliminate the need for users of those chains to bridge their assets to participate. Source 5️⃣ Republicans Urge SEC To Clarify How It Treats Crypto Airdrops 🔍 House Financial Services Committee Chair Patrick McHenry (R-NC) and House Majority Whip Tom Emmer (R-MN) have reportedly sent a letter to SEC Chair Gary Gensler on Tuesday, demanding clear answers on how the U.S. Securities and Exchange Commission views airdrops in the crypto industry.

They accused the SEC of "putting its thumb on the scale" by creating a hostile regulatory environment. They claim its assertions about airdrops in various cases and increasing warnings for additional enforcement actions have precluded American citizens from “fully realising the benefits of blockchain technology" and shaping the internet's next iteration. The letter asked Gensler a set of questions, including how the agency plans to distinguish airdrops from airline miles or credit card points. They said they want a response from Gensler by Sept. 30. Source 6️⃣ WalletConnect Set To Airdrop 185 Million WCT With Native Token Launch 💰 Web3 communications protocol WalletConnect (rebranded to Reown) is reportedly set to launch its native Connect Token (WCT) on Optimism's Mainnet. The launch of the WCT token reportedly marks a significant milestone in the WalletConnect Network's decentralisation roadmap. Token holders will reportedly dictate the economic and governance structure of the network in the future. The token will be airdropped to users with registration for the WCT airdrop opening on September 24. The airdrop eligibility structure is based on the use of the WalletConnect Network. Source

🚨 New Video Alert!! 🚨 Crypto is the future of finance, specifically DeFi. It seems that people only remember this when DeFi cryptos are rallying. Thankfully, they have been, and AAVE has been leading the pack. Aave is the second largest DeFi protocol by total value locked, and for good reason. It makes it possible to borrow and lend crypto peer to peer without KYC or a credit score, with free market interest rates! Big investors are starting to notice how many fees its been accumulating and are starting to load up on AAVE. As you’ll see though, this scratches the surface of what’s going on, and what comes next. This is a video you can’t miss!