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📣Binance announced that it will distribute a total of $1 million in #USDC as an airdrop to #FRONT and #SLF holders. (Screenshot for FRONT taken at 03:00 on August 28, and for SLF taken at 03:00 on September 2.)

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🗣️Fed member Williams: •We are ready to start the process of cutting interest rates. •It is highly likely that GDP will grow by 2.5% in the US this year. •I expect inflation to be close to 2% next year. •Despite the increase, the unemployment rate is still low. •I expect inflation to be 2.25% this year.

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Altcoin challenging BTC: Helium (HNT) has darkened its sights HNT, the native token of the Helium ecosystem, has increased by 21 percent in the last two days as the ecosystem develops. The native token of the #Helium ecosystem, HNT, has increased by 21 percent in the last two days as the ecosystem develops. HNT's star has shone in cryptocurrencies that have been on a downward trend for a long time. HNT, which has managed to rise by somehow separating from the market, has frequently written its name on the "Most Rising" list in recent days. In fact, the altcoin, which usually sits at the top of this list, has given very positive signals for both its ecosystem and investors. According to data from TradingView, the HNT price increased significantly on September 5, reaching $8.35. According to CoinMarketCap data, HNT became the highest-rising altcoin of the day among the top 100 cryptocurrencies with this performance. Helium Mobile has reached many milestones in its growth journey by strengthening its position in the telecommunications industry. #Helium Mobile uses the Helium network to connect to hotspots around the world, enabling data sharing, tracking and communication without having to rely on centralized cellular networks or WiFi networks. $BTC $ETH $BNB

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Ripple CTO David Schwartz Criticizes Fed’s Indirect Regulation of Cryptocurrency: A Threat to XRP’s Future The Federal Reserve has placed United Texas Bank under scrutiny for its failure to manage risks in its dealings with cryptocurrency customers. The latest audit revealed several compliance issues with anti-money laundering laws, particularly the Bank Secrecy Act. The harsh decision symbolizes a growing concern about banks’ interactions with cryptocurrency exchanges and users, as the Fed aims to strengthen regulatory frameworks in the digital currency space. The move could reduce banks’ willingness to do business with digital currency companies and negatively impact innovation in the sector. In response to the Federal Reserve’s actions, David Schwartz took to social media to vent his criticism, elaborating on the concept of “indirect regulation.” He noted that instead of directly confronting cryptocurrency companies, the regulator is targeting their business partners, which he believes amounts to bypassing due process. Schwartz noted that when the government tries to penalize crypto assets, they should be held directly accountable and should not impose sanctions on institutions that cooperate with them. This comment reflects a larger discussion about the role and responsibilities of regulators in the crypto space. Schwartz’s comments highlight the vulnerability of the crypto ecosystem as regulators increase pressure. The Fed’s actions could hinder the growth opportunities of various platforms contributing to the crypto economy by preventing financial institutions from partnering with crypto firms. Ongoing legal battles with key stakeholders, such as Ripple’s battle with the SEC, highlight the uncertainty of the regulatory climate. This creates hesitancy among potential investors and partners and raises concerns about the validity and security of digital assets.

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US Nonfarm Payrolls data to be released at 15:30 today: 164k, previous: 114k 🔴 Data above expectations may put pressure on Bitcoin price 🟢 Data below expectations may reflect positively on #Bitcoin

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