Today's Crypto and Defi Rundown

G.M Frens !

Happy start of the week !

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

News 📝

• 🚀 Kaspa (KAS) Mainnet Launch: The highly anticipated Kaspa KRC-20 mainnet goes live on September 15th, boosting excitement around the coin’s potential price surge and ecosystem growth​.

• 📉 Bitcoin Holds $58k Amid Rate Cut Speculation: Bitcoin is maintaining the $58,000 support level as investors await a possible Federal Reserve rate cut​.

• 💼 $103M BTC Whale Withdrawal: A large Bitcoin whale moved $103 million, causing market speculation ahead of the Federal Reserve’s announcement​.

• 🟢 Ethereum Overtakes Bitcoin in Analysis: Ethereum shines in recent reports as a preferred choice for portfolio managers, especially when compared to Bitcoin.

• 📈 Bitwise Prepares for XRP ETF: Bitwise’s Chief Investment Officer advises investors to accumulate XRP as preparations for an XRP ETF move forward.

• 📊 Bitcoin ETF Inflows Spike: Bitcoin ETFs see a $400 million inflow, pushing Bitcoin’s price closer to $60,000 and reflecting renewed institutional interest​.

• ⚡ Fed Rate Cut Expected to Impact BTC: Speculation grows that a higher-than-expected rate cut from the Federal Reserve could influence Bitcoin’s price direction.

• 💣 Trump Assassination Attempt Impacts Crypto Market: A sudden market selloff caused Bitcoin, ETH, and other cryptos to drop following an assassination attempt on Donald Trump​.

• 🔺 Circle and Sony Partnership: Circle teams up with Sony to boost USDC adoption in the market, integrating USDC with Sony’s blockchain protocol​.

• 📉 Gold Surges While Bitcoin Struggles: Gold hits record highs while Bitcoin faces bearish pressure as more investors turn to traditional assets​.

• 💡 Sandbox Sets Ambitious Growth Target: Despite market pressures, The Sandbox (SAND) sets its sights on a 1,111% price increase​.

• 📊 Altcoins Bleed Amid BTC Drop: Altcoins like ADA experience steep declines as Bitcoin falls to $58,000, reflecting broader market selloffs​.

• 🏦 Binance Expands Futures Trading: Binance introduces perpetual contracts for NEIROUSDT and 1MBABYDOGEUSDT with up to 75x leverage​

• 🪙 Bitcoin Could Surge to $92k: Analysts predict a potential three-month bullish run for Bitcoin, with projections aiming for a $92,000 surge​.

• 🔍 Trump Assassination Attempt Shakes Market: The crypto market cap dropped significantly after a second assassination attempt on Donald Trump, causing major selloffs​.

• 💡 AAVE Gains Attention: AAVE sees an upward trend in price, moving 3% higher amid broader market moves​.

• 📉 PEPE Token Struggles: The meme coin PEPE saw a sharp decline along with other altcoins during a market-wide selloff​.

• 📉 XRP Prepares for ETF Listing: The market anticipates a significant rise in XRP’s value as preparations for an ETF continue.

• 🏗️ Polygon Expands Utility: Polygon (MATIC) is ramping up efforts to integrate into more decentralized apps as it prepares for future growth​.

• 🔗 Cardano Prepares for Upgrade: Cardano is planning a significant protocol upgrade to boost performance, especially in decentralized finance.

Stay informed, stay ahead! 🚀

See u soon 😇

Maboo :)

#DeFi #Web3 #Binance