What happened in Crypto the last 12hrs...?
Market Trends and Analysis
- Lookonchain highlights that "September is usually bearish, while October tends to be bullish" for $BTC
- Bitfinex analysts believe an interest rate cut may cause a Bitcoin price spike but "could be followed by a correction as recession concerns escalate" per The Block
- Solana network transactions hit multi-month low in August per The Block
Major Transfers and Financial Movements
- DWF Labs receives 10M $FET tokens ($11.8M) from the project's foundation per Lookonchain
- Arkham data shows that Terraform Labs has transferred 1,075 $BTC to a new address ~ Wu Blockchain
Regulatory and Legal Actions
- SEC has charged crypto-focused advisory firm 'Galois Capital' for custody failures per DB
Project Announcements and Developments
- Scroll L2 releases video seemingly teasing upcoming token issuance and airdrop per Wu Blockchain
- Hypernative Labs raises $16M in Series A investment round
- Matter Labs, developer behind zkSync, lays off 16% of staff
- Ton Ventures announces new $2.5M accelerator program per DL News
- Ethena partners with Eigen Layer's EtherFi to introduce USDE to be used as security within a shared platform - per Infinity Hedge
- New Donald Trump crypto project will be built on Ethereum using $AAVE, price of $AAVE jumps 4% on the news - The Block
- SunPump to implement "100% on-chain buyback and burn process" per Justin Sun
