G.M Frens, Happy Sunday !
📰 Today's Crypto and Defi Rundown: All the must-know updates in one place!👇
News📝
⚡️Bitcoin ETFs Inflows Surge: U.S. spot Bitcoin ETFs saw their highest daily inflows in nearly two months as BTC approached $60,000, reflecting renewed institutional interest. The total inflows reached $1.61 billion, signaling increased confidence in the market's recovery.
📊September Historically a Bad Month for Bitcoin : Data reveals that September has been Bitcoin's worst-performing month since 2013, with an average price drop of 6%. This trend reflects broader market downturns, including the S&P 500
🏦UK Moves to Recognize Digital Assets as Personal Property: The UK Parliament proposed legislation that would officially classify digital assets as personal property, providing stronger legal protection for crypto holdings.
🇮🇳 India Leads as a Global Crypto Hub in CSAO Region: India, along with Singapore and Indonesia, is emerging as a key player in the crypto world, contributing to the CSAO region’s status as a global leader in blockchain innovation.
🌐Worldcoin Expands to Solana : Worldcoin's ecosystem continues to grow as it integrates with Solana through the Wormhole protocol, boosting World ID's reach and adoption.
🔐SEC Faces Scrutiny Over Staffing Bias Claims : U.S. lawmakers have initiated an investigation into the SEC, probing allegations of political favoritism in the agency's staffing and regulatory decisions.
⛏️Bitcoin Mining Difficulty Hits Record High : Bitcoin’s mining difficulty reached a new peak of 92.67 trillion, making it harder for miners to generate rewards as revenues decline.
📉U.S. Job Data Drives Bitcoin Price Above $56K : A weaker-than-expected U.S. jobs report fueled speculation of a Fed rate cut, pushing Bitcoin's price above $56K as investors reacted to macroeconomic factors.
📈Blockchain Gaming Hits Record 4.2M Daily Active Users : The blockchain gaming sector hit a new milestone in August, with 4.2 million daily active users, showing the rising interest and adoption in Web3 gaming.
📈Aptos Blockchain Hits Record Activity: Aptos reports unprecedented activity, though concerns about bot involvement linger, raising questions about its real user base.
🔍SBF Appeals Conviction Over Judicial Bias Claims : Sam Bankman-Fried's legal team filed an appeal to overturn his conviction, citing concerns about judicial bias during his trial.
🖥️Bitcoin Active Address Momentum Slows : Bitcoin's active address growth has stagnated, echoing patterns from previous market peaks, leading analysts to caution about potential price consolidation.
🏛️Polymarket Influences $1.2B in Crypto Donations for U.S. Elections : The U.S. political landscape is increasingly intertwined with crypto, as election-related donations from the industry soared to $1.2 billion.
🎮Ethereum Wallet Agnostic Trading Expands : Ethereum-based protocols are pushing the boundaries of decentralized finance with new solutions for wallet-agnostic trading, improving user experience across different chains.
🚀Polygon's POL Token Sees Price Spike: Binance completes the transition from MATIC to POL, causing the new token to surge, reinforcing its position as a major scaling solution.
Stay informed, stay ahead!🚀
See u soon 😇
Maboo :)
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