Here are the key updates from the crypto world for September 14, 2024:

1. FTX/Alameda and Solana: FTX/Alameda unstaked over $1 billion worth of Solana (SOL) in the past few months. Despite concerns about potential selling pressure, Solana has shown resilience, trading around $137, with a recent high of $139.76. Broader market optimism, driven by hopes of a Federal Reserve rate cut, has kept Solana bullish. However, the increased SOL supply from unstaking could introduce challenges ahead.#FTXSolanaRedemption

2. Bitcoin and Ethereum: Bitcoin crossed the $60,000 mark, while Ethereum is trading above $2,400. The overall crypto market has been bullish, driven by stronger-than-expected U.S. Producer Price Index (PPI) data, which boosted confidence in risk assets.#bitcoin

3. Donald Trump’s Crypto Project: Former U.S. President Donald Trump announced the launch of his new DeFi platform, "World Liberty Financial," scheduled for September 16. The project aims to promote the global use of stablecoins pegged to the U.S. dollar, supporting DeFi adoption and maintaining U.S. financial dominance.#trumpcoin