Today's Crypto and Defi Rundown

G.M Frens !

How is your week so far ?

📰 Today's Crypto and Defi Rundown: All the must-know updates in one place! 👇

News 📝

---------------------------

• 🔍 Bitcoin remains stable at $63,000, with Ethereum showing strong whale activity, pushing its price up to $2,700 despite ETF outflows​.

• 💡 Bybit launches a Shariah-compliant crypto account targeting users from Muslim-majority regions, expected to enhance liquidity and adoption​

• 🌍 China's latest economic stimulus boosts Bitcoin as the cryptocurrency eyes the $70,000 mark, with resistance still holding at $65,000​

• 🚀 EOS network undergoes a major hard fork, introducing new governance features and operational improvements, which could impact the price in the short term​

• 📉 Ethereum ETF outflows reach $79.21 million, raising concerns about institutional support even as whale accumulation continues​.

• 💸 Bitcoin ETFs saw record inflows of $17.7 billion last week, signaling strong market sentiment across the crypto market​

• 🏦 Regulatory discussions intensify in the U.S., particularly around stablecoins, raising concerns over potential impacts on the crypto market​

• 📊 Near Protocol (NEAR) surges 9.07% in the past 24 hours, positioning itself among the top gainers in the crypto market​.

• 📈 Arweave (AR) gains 12.72%, leading the pack in crypto price increases​.

• 🏛️ SEC continues its crackdown on fraudulent crypto projects, increasing regulatory scrutiny in the market​.

• 🏅 Stacks (STX) climbs 6.45% as market momentum picks up for AI-related tokens.

• 🔗 Ethereum transaction fees soar to $37.69 per swap, contributing to growing concerns over high gas costs​.

• 🌐 AI-driven tokens continue to outperform, with Render (RNDR) seeing gains between 18% and 20% over the last 24 hours.

• 🧮 Options contract expirations on September 27 are expected to bring significant volatility to Bitcoin prices​.

• 📉 Monero (XMR) falls 5.31%, becoming one of the biggest losers in the last 24 hours​.

• 🛡️ The crypto market braces for volatility ahead of the upcoming options expiration, which could trigger sharp price movements​.

• 🔄 Akash Network (AKT) suffers a 5.24% drop, facing a challenging market environment​.

• 🛠️ Render (RNDR) and Near Protocol (NEAR) lead crypto surges, benefiting from renewed interest in AI and decentralized tech​.

• 📉 Sui (SUI) sees a 5.75% drop, highlighting challenges for some altcoins amid the current market​.

---------------------------

Stay informed, stay ahead! 🚀

See u soon 😇

Maboo :)

#MarketDownturn #Binance #DeFi