Tesla CEO Elon Musk recently met with El Salvador President Nayib Bukele to discuss the future of humanity and the potential impact of technology on society. Notably, the meeting reportedly did not touch upon the topic of cryptocurrency, despite El Salvador's adoption of Bitcoin as legal tender. During their meeting, Musk and Bukele exchanged ideas on a range of issues, including artificial intelligence (AI), robotics, and the long-term implications of technological advancements. Both leaders expressed concerns about the potential risks associated with AI and the need for responsible development and regulation. Musk, known for his ambitious ventures in space exploration and electric vehicles, emphasized the importance of innovation and pushing the boundaries of human capabilities. Bukele, on the other hand, highlighted the need for ethical considerations and ensuring that technological progress benefits all of society. While cryptocurrency was not a focus of the discussions, El Salvador's adoption of Bitcoin as legal tender remains a significant development in the world of digital currencies. It will be interesting to see how the country's experience with Bitcoin unfolds and whether it inspires other nations to explore similar paths.

The following is the scale and liquidation ratio of perpetual futures forced liquidation in the past 24 hours: - BTC liquidation scale: $34.79 million (long $17.48 million, short $17.31 million) liquidation ratio: long 50.24% - ETH liquidation scale: $28.37 million (long $9.93 million, short $18.44 million) liquidation ratio: short 64.99% - SOL liquidation scale: $13.73 million (long $5.18 million, short $8.55 million) liquidation ratio: short 62.26%

The eTHFi airdrop will open on September 23rd, 2023, the project announced today. The airdrop will distribute 10 million eTHFi tokens to eligible users. To be eligible for the airdrop, users must hold at least 100 ETH in a qualifying wallet on the snapshot date of September 20th, 2023. Users can also earn additional eTHFi tokens by completing tasks such as sharing the airdrop on social media or referring new users. The eTHFi token is the native token of the eTHFi ecosystem, a decentralized finance (DeFi) platform that provides users with access to a range of financial services, including lending, borrowing, and trading. The eTHFi token can be used to pay transaction fees, stake on the eTHFi network, and vote on governance proposals. The eTHFi airdrop is a great opportunity for users to get involved in the eTHFi ecosystem early on. The project has a strong team and a clear vision for the future, and the eTHFi token has the potential to be a valuable asset.

In an interview with Cointelegraph, Reown CEO Jess Houlgrave envisions crypto wallets as "life hubs" by 2030. "Your crypto wallet will hold more than just crypto," he explained. "It will store your university degree, medical records, concert tickets, and anything else of value to you." Houlgrave acknowledges initial hesitancy in linking sensitive information to wallets. However, he believes that as systems become more secure, the friction associated with sharing such data will diminish. Crypto wallets are poised to evolve into comprehensive hubs, seamlessly managing various aspects of our digital lives.

Coinbase Prime, the institutional arm of the prominent cryptocurrency exchange Coinbase, has reportedly transferred a massive 15,000 ETH (worth approximately $5.15 million) to BlackRock's Ethereum Trust (ETHA). This significant transaction follows Coinbase Prime's announcement of its strategic partnership with BlackRock, the world's largest asset manager, in August 2022. Through this partnership, institutional clients of Coinbase Prime can now access ETHA, enabling them to gain exposure to ether (ETH), the native cryptocurrency of the Ethereum blockchain. The transfer of 15,000 ETH indicates a strong demand for ETHA among Coinbase Prime's institutional clientele, further solidifying the partnership between the two companies. By providing its clients with access to ETHA, Coinbase Prime is expanding its offerings to cater to the growing institutional interest in digital assets. BlackRock, with its vast reach and expertise in traditional finance, plays a crucial role in bridging the gap between the legacy financial system and the emerging world of cryptocurrencies.

Gemini Transfers 113 BTC to VanEck's HODL Gemini recently transferred a substantial amount of Bitcoin (BTC) to VanEck's HODL, a Bitcoin Spot ETF. According to Arkham data, the Gemini hot wallet address sent 113 BTC (approximately $7.15 million) to the VanEck HODL address about four hours ago. This transaction marks a significant addition to the HODL's holdings, which have witnessed an inflow of 707 BTC just this week. Implications of the Transfer This transfer could have several implications for the cryptocurrency market: Institutional Adoption: VanEck's HODL is a regulated Bitcoin ETF, providing greater accessibility and credibility for institutional investors to invest in BTC. This transfer indicates a growing institutional interest in Bitcoin and could further legitimize the asset class. Market Sentiment: The transfer suggests that Gemini, a major cryptocurrency exchange, is optimistic about the long-term potential of BTC. Such large transactions by reputable entities often influence market sentiment and can trigger positive price action. * ETF Popularity: The surge in Bitcoin inflows to the HODL ETF highlights its popularity among investors seeking convenient exposure to BTC without directly holding the cryptocurrency. Conclusion The transfer of 113 BTC from Gemini to VanEck's HODL is a significant development for the cryptocurrency market. It signals growing institutional adoption, positive market sentiment, and the increased popularity of Bitcoin ETFs. As HODL continues to accumulate BTC, it strengthens the ETF's position as a trusted gateway for investors looking to diversify their portfolios with digital assets.

Chainlink (LINK) unlocked 18.75 million LINK (~$214 million) from five non-exchange source addresses in the last 5 hours. 18.125 million LINK (~$207 million) of it was then deposited to Binance, and 625k LINK (~$7.15 million) was transferred to a multisig address starting with 0xD50. It's important to note that this is not the first time that Chainlink has unlocked a large amount of LINK. In fact, the project has unlocked a total of 50 million LINK so far.

HTX lists MISHA today HTX, a cryptocurrency exchange, announced that they will list MISHA on September 21st. Deposits opened today at 11 AM (KST). MISHA is a new cryptocurrency that is designed to be used for everyday transactions. It is based on the Ethereum blockchain and has a number of features that make it well-suited for this purpose, such as fast transaction times and low fees. The listing of MISHA on HTX is a significant development for the cryptocurrency, as it will make it more accessible to a wider range of investors. It is also a sign of the growing interest in cryptocurrency among South Korean investors.

Montenegro's Ministry of Justice will decide whether to extradite Do Kwon, the founder of Terraform Labs (TFL), to either South Korea or the United States, Cointelegraph reported. On Feb. 20, the Supreme Court of Montenegro "referred the case to the minister of justice after issuing a ruling on his request for legal protection," the report stated. The move comes after TFL settled with the U.S. Securities and Exchange Commission (SEC), concluding its bankruptcy proceedings. The extradition request from South Korea alleges that Kwon violated capital market laws, while the United States alleges securities fraud. Kwon has previously denied any wrongdoing and has stated that he is "committed to cooperating with law enforcement and regulatory authorities." The decision by Montenegro's Ministry of Justice is expected to be made in the coming weeks.

The Ethereum (ETH) futures open interest (OI) has surged to 4.66 million ETH, the highest level since January 2023. This increase in OI suggests that traders are becoming more bullish on the price of ETH. However, the Ethereum futures premium has remained at an annualized range of around 6% since August, slightly above the neutral level of 5%. This suggests that traders are not yet convinced that the price of ETH will continue to rise. Despite the increase in open interest, the lack of leverage use suggests that volatility is unlikely to increase in the short term. This is because traders are not using leverage to increase their exposure to the market. As a result, the price of ETH is likely to remain relatively stable in the coming weeks.

The 'Fear & Greed Index' is a metric that gauges the sentiment of cryptocurrency investors. It is calculated using a variety of data points, including price volatility, trading volume, social media mentions, and news sentiment. As of March 8, 2023, the index is sitting at 54, which indicates that the market is in a state of neutrality. This is a slight decrease from the previous day, when the index was at 55. The index has been in a state of neutrality for the past few weeks, after spending much of January and February in a state of extreme fear. This suggests that investors are becoming more optimistic about the future of cryptocurrency, but they are still not fully confident. It is important to note that the Fear & Greed Index is just one indicator of market sentiment. It should not be used as the sole basis for making investment decisions.

Celo, the popular EVM-compatible blockchain, recently announced the upcoming launch of its Alfajores Layer 2 testnet on September 26. This hard fork will mark a significant milestone in Celo's development, paving the way for the implementation of various Layer 2 features. The Alfajores L2 testnet will introduce several key enhancements, including fee abstraction, block finality, and staking rewards. Fee abstraction simplifies the user experience by allowing applications to pay transaction fees on behalf of their users. Block finality ensures that transactions are quickly and irreversibly settled, improving the reliability and efficiency of the network. Staking rewards incentivize users to participate in network security and contribute to the growth of the ecosystem. The transition to the Alfajores L2 testnet will involve the migration of all data from the existing Layer 1 to the new Layer 2. Once the hard fork is complete, the Layer 1 will be permanently discontinued. Developers are encouraged to begin testing their applications on the Alfajores L2 testnet to prepare for the transition. The launch of the Alfajores L2 testnet is a major step towards Celo's goal of becoming a fully-fledged Layer 2 solution. By leveraging Layer 2 technology, Celo aims to address scalability and cost limitations, enabling the development of more complex and demanding applications on its platform.

BingX, a Chinese cryptocurrency exchange, will resume withdrawals for specific cryptocurrencies on September 21. This follows a temporary suspension due to a suspected hack and subsequent wallet check. According to Cointelegraph, the affected cryptocurrencies include USDT, USDC, BTC, ETH, TRX, and SOL. Deposits will also resume within a few weeks, as per the exchange's announcement. BingX users have been eagerly awaiting this news, as the halt in withdrawals had caused uncertainty within the community. The resumption of withdrawals is a positive step towards restoring confidence in the platform. However, it's important to note that BingX is still conducting a thorough investigation into the suspected hack. Users should remain vigilant and take appropriate security measures to protect their assets.

The recent Securities and Exchange Commission (SEC) approval of a Bitcoin futures exchange-traded fund (ETF) option has been met with excitement in the cryptocurrency community. However, Bloomberg Senior ETF Analyst Eric Balchunas emphasizes that the official launch of a BTC ETF option requires approval from not just the SEC but also the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC). Balchunas notes that while the timing of the SEC approval was surprising, it was not entirely unexpected. He believes that this approval marks a significant milestone for Bitcoin ETFs and expects it to attract more liquidity and participants to the market. The OCC and CFTC play crucial roles in regulating the banking and futures industries, respectively. Their approval is necessary to ensure the proper custody and trading of Bitcoin futures, which underlie the ETF options. The approval process for Bitcoin ETF options is expected to take some time, as it involves multiple regulatory bodies with varying timelines. However, the recent SEC approval is a positive step towards the eventual launch of these products.

The U.S. Securities and Exchange Commission (SEC) has approved the option of the BlackRock Bitcoin spot ETF, according to the unfolded X account. This is a significant development in the cryptocurrency space, as it marks the first time that the SEC has approved a spot ETF for Bitcoin. A spot ETF is an exchange-traded fund that tracks the price of an underlying asset, in this case, Bitcoin. This makes it easier for investors to gain exposure to Bitcoin without having to buy and store the cryptocurrency themselves. The approval of the BlackRock Bitcoin spot ETF is likely to be seen as a positive development for the cryptocurrency industry. It could lead to increased interest in Bitcoin from institutional investors, which could help to drive up the price of the cryptocurrency.

In a remarkable feat, Tether, the issuer of the widely-used USDT stablecoin, has outpaced financial behemoth BlackRock in terms of profitability. According to a report by WatcherGuru, Tether amassed an impressive $6.2 billion profit in the previous year, a figure that eclipses the $5.5 billion earned by BlackRock, a global asset management titan with $10 trillion under its control. This remarkable achievement underscores the surge in popularity of stablecoins, a sector that Tether has played a pivotal role in shaping. Tether's USDT has emerged as a preferred choice among investors seeking a haven from market volatility and serves as a bridge between traditional finance and the burgeoning world of cryptocurrencies. Tether's financial triumph not only reflects the company's robust business acumen but also reinforces its position as a trailblazer in the burgeoning stablecoin industry. The company's unwavering commitment to transparency and regulatory compliance has further cemented its status as a trusted partner for investors and institutions alike. As the demand for stablecoins continues to soar, Tether is well-positioned to maintain its dominance in this rapidly evolving market. The company's focus on innovation and customer-centric approach will undoubtedly enable it to stay at the forefront of the financial revolution, providing users with a reliable and secure gateway to the digital asset ecosystem.

In its latest report, VanEck stated that Bitcoin has outperformed most assets over the past 12 months. The report notes that "spot BTC has rallied by about 124% since September 2023. Currently, it has a market capitalization of roughly $1.25 trillion, representing 56% of the entire crypto market. This is up from about 15% a year ago." According to the report, Bitcoin's performance outpaced gold, which gained 9% over the same period. The S&P 500 index, a benchmark for U.S. stocks, returned about 7% over the past year. The report also suggests that "there are growing expectations for the long-term bull case for Bitcoin to resume in the near future. However, the recent price action has spooked some investors."

BNY Mellon, one of the largest financial institutions in the United States, has reportedly secured a relief from the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121 (SAB 121) guidance on crypto custody accounting. The development was shared during a meeting of the Wyoming Blockchain, Financial Technology and Digital Innovation Task Force. Testifying before the group, Chris Land, general counsel for pro-crypto Wyoming Senator Cynthia Lummis, said, "The SEC and other regulators have cleared the way for BNY to custody crypto for institutions," adding, "BNY has been interested in getting into the crypto custody business, and it looks like the SEC modified SAB 121 somewhat to allow them to do so." Relatedly, MicroStrategy founder Michael Saylor tweeted via X, "There are credible rumors that within the next few months one or more of the largest US banks will be authorized to custody #Bitcoin." The news has been welcomed by the crypto community, as it could pave the way for more institutional adoption of cryptocurrencies. BNY Mellon is one of the world's largest custodian banks, with over $40 trillion in assets under custody. Its entry into the crypto custody market would be a significant development for the industry.

Crypto Trader Fined $36 Million for Defrauding Investors A California court has ordered cryptocurrency trader William Koo Ichioka to pay a $36 million fine for perpetrating a cryptocurrency and foreign exchange fraud scheme. The ruling mandated that $31 million of the fine be distributed to defrauded investors. The US Commodity Futures Trading Commission (CFTC) initially brought charges against Ichioka, accusing him of misappropriating investor funds. The investigation revealed that Ichioka had solicited investments from 100 individuals, promising high returns through cryptocurrency investments. Ichioka claimed to have pooled investor funds and invested them in Bitcoin and Ethereum. However, evidence showed that he had used the money for personal expenses, including luxury car purchases and rent payments. This case highlights the importance of due diligence and the risks associated with unregulated cryptocurrency investments. Investors are advised to thoroughly research and understand the individuals and platforms they entrust with their funds.

The three major US stock indices ended Wednesday's trading session with mixed results. The Dow Jones Industrial Average managed to eke out a modest gain, while the S&P 500 and Nasdaq Composite fell. The S&P 500, a broad measure of the US stock market, lost 0.19%, closing at 4,018.22. The Nasdaq Composite, which is heavily weighted towards technology stocks, declined 0.36% to end the day at 11,789.58. Meanwhile, the Dow Jones Industrial Average, which tracks the performance of 30 large US companies, gained 0.09%, finishing at 34,128.05. The mixed market performance reflects ongoing concerns about the Federal Reserve's plans to raise interest rates to combat inflation. Investors are weighing the potential impact of higher rates on corporate earnings and economic growth. Despite the day's decline, the S&P 500 and Nasdaq Composite remain near their record highs, highlighting the resilience of the US stock market in the face of economic uncertainty. ```