What happened in Crypto the last 12hrs...?
Major Investments and Partnerships
- Bitget and Foresight Ventures make $30M investment into $TON per The Block
- BNBChain partners with major CEXs and others to enable gasless stablecoin transfers
- Borderless Capital unveils third DePIN fund to the tune of $100M per CoinDesk
- BinanceLabs announces investment into Hemi Network
- Revolut reportedly developing its own stablecoin ~ Watcher Guru
Exchange and Platform News
- Former Coinbase employees launch new stablecoin-focused exchange 'TrueX' ~ Fortune
- PancakeSwap conducts first IFO on $ARB for EigenPie
- ZK Insider goes live on Solana, reducing costs for developers by 1000x per Solana Floor
- New CEX only accessible to institutional investors, TrueX, will use PayPal's PYUSD as settlement stablecoin
Market Updates and Reactions
- Bitcoin briefly breaks $61,000 following FOMC rate cut announcement but breaks down below $60,000 levels
Regulatory and Legal Developments
- Rari Capital settles with SEC over charges of operating as unregistered broker, offering unregistered securities, and misleading investors per CoinDesk
Central Bank and Interest Rate News
- Fed to lower interest rates by 50BPS per the FOMC
- Federal Reserve sees rates at 4.4% by end of 2024, and 3.4% in 2025 per FOMC
Security Incidents
- Ethena front end compromised, funds are safe, but team urges users not to sign transactions and disconnect wallet as a precaution per Infinity Hedge
- Several large media accounts hacked on X and are posting a crypto scam per ZachXBT
Miscellaneous
- Donald Trump makes stop at Bitcoin-friendly bar in NYC makes purchase with Bitcoin at PubKey in NYC per CoinTelegraph
