✅ September begins a month known for a choppy market before taking off in October (aka Uptober). Last week the market once again failed to break above the $64k level and corrected to $57.7k 📉
Weekly news digest:
💎 Crypto
🔸 The stablecoin market capitalization has reached a new ATH of $168 billion
🔸 Maker DAO has rebranded as Sky 🌥
🔸 Eric Trump, son of U.S. President Donald Trump, announced the launch of his DeFi project WLFI
🔸 TON blockchain had two network outages
🏦 Crypto exchanges
🔸 Nasdaq seeks SEC approval to start trading Bitcoin options
🔸 Richard Teng, CEO of Binance, issued an appeal to Nigerian authorities to release Tigran Gambaryan
💵 Finances and Economy
🔸 Due to the arrest of Pavel Durov, the UAE froze the contract for the purchase of 80 fighter jets from France
🔸 Russia will use a national payment card system to exchange rubles and crypto on September 1
🔸 China’s central bank announced it kept its key policy rates unchanged
⚖️ Law and Order
🔸 A Supreme Court justice ordered social media platform X suspended in Brazil
🔸 U.S. federal court dismissed a Dogecoin lawsuit against Elon Musk and his company Tesla
🔸 Police in South Korea have arrested the leader of a $12 million crypto scam 🇰🇷
🔸 SEC issues Wells Notice to NFT platform OpenSea, threatening to sue, citing NFTs on the platform as securities
🗣 Personalities
🔸 Billionaire Warren Buffett's Berkshire Hathaway has sold $981.9 million worth of Bank of America shares
🔸 Pavel Durov was arrested in Paris, later released on bail 👮
🔸 French football star Kylian Mbappe's Twitter account was hacked and promoted scam token MBAPPE
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#BinanceTurns7
#MarketDownturn
