⚠️ Coinbase purifies stablecoins in Europe, USDT gets hit

Coinbase announced that it will delist substandard stablecoins in Europe from December 30, 2024. Next month, the exchange will propose a solution to help users switch to licensed stablecoins like USDC.

The reason is that the EU is "framing" the crypto industry with the MiCA law, which is expected to officially launch later this year. By the new year, all crypto companies in the EU must be within the framework.

With this strong move, Tether may be the party that suffers the most damage, because the company has not yet been licensed to provide USDT in Europe.

*Note: The MiCA law only applies to European countries, AE in other regions like Vietnam,.. are still comfortable!

🥲 Hackers stop hacking because they think TON is a failure

Recently, Scam Sniffer shared a leaked message from a hacker group specializing in stealing wallets on TON.

After a period of "submerging", the hackers discovered that although the TON community is large, there are not many whales, if they continue to "do business" like this, they will probably only lose capital! Therefore, the group decided to "move home" to a more "fertile" land, the Bitcoin network.

Although they cannot do business on TON, phishing scams are still rampant on all fronts. In September alone, they "stole" $46.6M from thousands of victims. Remember to protect your assets carefully, review the security principles here! 🔒

📍Read more: Analysis of the TON & Toncoin ecosystem

🔥🔥🔥 Market Brief Monday - 07/10

+ Bitcoin set to surpass $63K, altcoins rally, led by memecoin and AI [CT]

+ Trump regains advantage on Polymarket (50% vs 48% by Harris) after campaigning with Elon Musk [CT]

+ UAE to exempt VAT on crypto transactions and conversions starting 15/11/2024 [CT]

+ Hong Kong to license 11 crypto exchanges by end of year [CT]

+ HBO set to expose Bitcoin creator Satoshi Nakamoto at 8pm on Wednesday 09/10, polymaket predicts late computer scientist Len Sassaman is Satoshi [CT]

+ Arbitrum announces "Road to Devcon" plan to increase investment in Asian markets [CT]

🗓 Calendar tissue

+ 01:00 10/10: Minutes of the September FOMC meeting of the FED

+ 19:30 10/10 US CPI Consumer Price Inflation
CPI Y/Y (Forecast = 2.3%, previous month = 2.5%)
CPI Core Y/Y (Forecast = 3.2%, previous month = 3.2%)

+ 19:30 10/11 US PPI Producer Price Inflation
PPI Y/Y (Forecast = 1.3%, previous month = 1.7%)
PPI Core Y/Y (Forecast = 2%, previous month = 2.4%)

🔓Token unlock [CT]
+ 08/10 Eigenlayer unlock 9.93M $EIGEN (5.3% of circulating supply), worth $33M
+ 09/10 Xai unlock 35.88M $XAI (6.2% of circulating supply), worth $7.39M
+ 10/10 Optimism unlocks 8M $OP (0.64% of circulating supply), worth $21M
+ 11/10 Aptos unlocks 11.31M $APT (2.2% of circulating supply), worth $99.6M
In addition, early next week Taiko, Axie, Starknet and Arbitrum also unlock tens of millions of $ tokens

🪂Airdrop
+ Tap to earn with Vooi - DEX Aggregator wins MVB season 7 [CT]
+ Farcaster update - Warpcast changes posting mechanism [CT]

🇺🇸Is the US about to create a national strategic Bitcoin reserve?

Bitcoin support in the US has spread across party lines. Both Democratic and Republican politicians are gradually speaking with one voice about the US should collect Bitcoin to build a reserve. Specifically:

- Senator Cynthia Lummis: introduced a bill in the Senate proposing the US government buy 1 million Bitcoin for the national reserve fund.

- Former President Donald Trump: pledged not to sell the Bitcoin the government is holding (about 200,000 BTC) if he is elected.

- Democratic Party Representative Ro Khanna: supported Bitcoin to become part of the Federal Reserve's reserves.

Looking back at history, the US also 'played big' in 1803 when it spent $15M to France to buy Louisiana. This was seen as a ‘bargain’ as it literally doubled the territory of 🇺🇸 overnight at a fraction of the cost. Now, many politicians are suggesting that Bitcoin could be the next ‘Louisiana’ that the US cannot afford to miss.

However, the above proposals are currently only on paper and we have to wait until the upcoming election to see if they get the green light from Congress. Will we see the US Strategic Bitcoin Reserve in action soon?