What happened in Crypto the last 12hrs...?
Market Analysis and Expectations
- Bernstein says "DeFi yields look attractive again" with interest rate cut expected this week per The Block
- Coming months will see the market "driven more by rate cutting expectations than the cuts themselves," says Bitwise head of research per The Block
- BlackRock says Federal Reserve interest rate cuts will be less than the market expectations per Watcher Guru
- Sen. Elizabeth Warren pleads with the Fed for a "mega rate cut" to save the economy per DL News
- JP Morgan says not to expect much from stocks for the next 10 years per CNBC
Platform and Token Developments
- Ledger partners with Exodus to create new crypto swap aggregator 'XO Swap' per The Block
- Rise L2 announces $3.2M seed round with investment from Vitalik Buterin, MH Ventures, and others
- Firm behind Pipe Network unveils $10M funding round led by Multicoin per CoinDesk
Regulatory and Legal News
- Website of Federal Bureau of Prisons says Binance founder CZ will be released on September 29 per Wu Blockchain
- Bybit secures provisional license in Dubai
- NYC Restaurant & NFT project Flyfish agree to pay $750,000 fine for offering unregistered securities
Charitable Initiatives and Contributions
- Binance pledges $1M in $BNB to typhoon victims in Vietnam per CoinTelegraph
Bitcoin and Mining News
- Royal government of Bhutan quietly accrues more than $1 billion in Bitcoin
- Norwegian town will see almost a 2x increase in energy bills after shutting down a Bitcoin miner due to their own noise complaints per The Block
Price and Market Metrics
- ETH/BTC ratio hits lowest level since April 2021 per CoinDesk
