NEW: 🇺🇸 A new report from River, a Bitcoin fintech company, predicts that 10% of U.S.-based companies will convert 1.5% of their treasury reserves—equating to roughly $10.35 billion—into #Bitcoin $BTC over the next 18 months 👀
According to DLNEWS, Switzerland's fourth largest bank, Cantonal Bank Zurich (ZKB), announced the launch of cryptocurrency trading and storage services, supporting #Bitcoin and #Ethereum . The service has been integrated into ZKB's existing channels, including its electronic banking and mobile banking, and customers can conduct cryptocurrency transactions around the clock.
The U.S. unemployment rate for August was recorded at 4.2%, down from the previous value of 4.3%, marking the lowest since June this year and the first decline after four consecutive months of increases. The seasonally adjusted non-farm payrolls for August recorded 142,000, below the expected 164,000.
🚨 The CFTC has issued an order against Uniswap Labs for offering illegal digital asset derivatives trading.
The order requires them to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA), as charged. #beyoglu
Don't hold position for longer time the sentiments are still bearish for short term, it is better to book small profit or loss instead of getting liquidate.
We may see new bottom soon this could be either 53000$ or 56000$.
And for Ethereum there are no bullish sentiments in Ethereum as per my analysis it may hit 2200-2300 soon.
$ETH is moving in ascending broadening wedge chart pattern, this chart pattern often results in breakdown. If this breakdown occurs we may see ethereum testing the support 2420$. #beyoglu
May be we don't see this pump right now Bitcoin has got rejected from 58880, the update im sharing with you is to survive this small bear season, we may see the down trend continuity in Bitcoin. The target are still same
💰 SEC warns FTX against paying creditors back in stablecoins, other crypto
Throughout the FTX bankruptcy, many different avenues have been explored or proposed to maximize creditor recovery, from relaunching the FTX exchange in order to make money back for creditors to distributing claims as tokens in a new venture that can be traded. Some decentralized marketplaces such as Found.xyz and Figure Markets even launched support for tokenized FTX claims trading this summer, in a move that one crypto CEO called "one of the most crypto things" he's ever seen.