1. After the Federal Reserve cut interest rates, altcoins performed well, while Bitcoin and Ethereum lagged slightly behind.
2. MicroStrategy announced the purchase of another 7,420 bitcoins, with a total value of approximately US$458 million.
MicroStrategy founder Michael Saylor posted on the X platform that MicroStrategy acquired 7,420 BTC at an average price of $61,750, worth approximately $458.2 million, and achieved a BTC return of 5.1% so far in the quarter and a BTC return of 17.8% so far in the year. As of September 19, 2024, MicroStrategy holds 252,220 BTC, worth approximately $9.9 billion, and each Bitcoin costs approximately $39,266.
3. The United States District Court for the Northern District of California ordered William Koo Ichioka to pay $36 million in compensation for cryptocurrency and foreign exchange fraud.
According to a statement released by the U.S. Commodity Futures Trading Commission (CFTC) on Friday, U.S. District Court Judge Vince Chhabria of the Northern District of California ordered William Koo Ichioka, 30, to pay $31 million to victims and a $5 million civil penalty. The CFTC charged Ichioka in June 2023 with misappropriating funds in a scam involving cryptocurrencies (including Bitcoin and Ethereum) and foreign exchange trading. As part of a parallel action, the U.S. Attorney's Office for the Northern District of California and the U.S. Securities and Exchange Commission (SEC) also filed charges against him. Ichioka described himself as someone who "started pursuing wealth very early and has accumulated millions of dollars in wealth." According to the court order, he told investors that participating in his commodity liquidity pool would earn a 10% return every 30 business days. Ichioka did use some of the investor funds to invest in startup stocks, digital asset commodities and foreign exchange trading, but he also "mixed participants' funds with his own funds" and used the money to pay for other expenses such as rent, restaurants, bars, taxis, gym memberships and luxury cars. -Original
4. VanEck analysts said Kamala Harris' presidency could be more beneficial to Bitcoin.
Analysis by VanEck’s Matthew Sigel and Nathan Frankovitz suggests the outcome of the November election could be a mixed bag for cryptocurrencies. Donald Trump has been advocating for the industry this year, while Kamala Harris has been more silent on the topic.
5. Cumberland received 97 million USDT from Tether and began to transfer it to the exchange.
Cumberland received 97 million USDT from Tether in the past 5 minutes and began to transfer it to CEX. Among them, 2 minutes ago, Cumberland transferred 4.2 million USDT to Kraken. 1 minute ago, Cumberland transferred 10 million USDT to OKX. -Original text
6. Vitalik Buterin’s documentary “Vitalik: The Story of Ethereum” is now available on streaming.
A new documentary offering an “intimate” look at Vitalik Buterin and the Ethereum ecosystem will be available to stream on Friday. Vitalik: The Ethereum Story chronicles Buterin and the community of Ethereum builders’ struggle for an open internet. In July 2021, Vitalik: The Ethereum Story completed the largest crowdfunding campaign in documentary history, raising 1,036 ether (currently worth about $2.6 million) for its production budget. The film was released in 23 countries on Wednesday, sponsored by Ethereum Layer 2 Base. The film’s trailer features interviews with Buterin, his parents, and other artists and technologists such as Dmitry Buterin, Danny Ryan, Itzel Yard, and Tim O’Reilly. It traces Buterin’s childhood and tells the whys and hows of how he helped build and launch Ethereum through new interviews and archival footage. The new film will be available for 30 days through the token-gated site ethereumfilm.xyz, and is scheduled to be released on major streaming platforms in 2025. The film is directed by Zach Ingrasci and Chris Temple and produced by Carrie Weprin and Jenna Kelly. It is produced by Optimist and Strange Design in association with Lone Palm Productions, Big Beach and TIME Studios.
7. The total amount of cryptocurrency held by Bhutan’s national investment department is approximately US$780 million.
The total amount of cryptocurrency held by Bhutan’s national investment arm, Druk Holding and Investments, is approximately $780 million, including 13,029 BTC, 656 ETH, etc. According to the World Bank, Bhutan’s cryptocurrency reserves account for more than 26.9% of its $2.9 billion gross domestic product (GDP) in 2023.
8. Visa's head of cryptocurrency said that non-US dollar stablecoins will rise in the next few years.
Cuy Sheffield, head of Visa's cryptocurrency business, said that there will be growing demand for stablecoins based on currencies other than the U.S. dollar. Sheffield also said that it is "exciting" to see more companies enter the stablecoin market.
9. German authorities shut down 47 exchanges, some of which used cryptocurrencies to facilitate money laundering.
The exchange allegedly failed to adopt know-your-customer protocols to check user identities before allowing certain digital asset transactions.
10. 20,200 BTC options and 125,000 ETH options are about to expire, with a total notional value of US$1.6 billion.
Adam, a macro researcher at Greeks.live, posted on the X platform that 20,200 BTC options are about to expire, with a Put Call Ratio of 0.86, a maximum pain point of $59,000, and a nominal value of $1.28 billion. 125,000 ETH options are about to expire, with a Put Call Ratio of 0.67, a maximum pain point of $2,350, and a nominal value of $320 million. This week, the cryptocurrency rebound continued. The Fed's final interest rate cut of 50 basis points slightly exceeded market expectations, which greatly boosted market confidence. In addition, the third quarter is about to end, and investors are beginning to plan for the fourth quarter. After the rate cut, the IV of all major maturities has declined. As the quarterly delivery approaches, IV is still under downward pressure. From September to now, BTC has performed well, while ETH is relatively weak. The exchange rate against BTC has rebounded at the long-term support level of 0.04. The market in October is worth paying attention to. -Original text
11. The Greeks.live report indicated that after the interest rate cut, investors began to plan for Q4, and there was downward pressure on IV of specific terms.
20,200 BTC options will expire and be delivered today, with a Put Call Ratio of 0.86, a maximum pain point of $59,000, and a notional value of $1.28 billion. In addition, 125,000 ETH options will expire and be delivered today, with a Put Call Ratio of 0.67, a maximum pain point of $2,350, and a notional value of $320 million. Adam, a researcher at Greeks.live, said that the cryptocurrency rebound continued this week, and the Fed's final interest rate cut of 50 basis points slightly exceeded market expectations, which greatly boosted market confidence. In addition, the third quarter is about to end, and investors are beginning to plan for the fourth quarter. After the rate cut, the IVs of all major maturities have declined. As the quarterly delivery approaches, IVs are still under downward pressure. From September to now, BTC has performed well, while ETH is relatively weak. The exchange rate against BTC has rebounded at the long-term support level of 0.04. The market in October is worth paying attention to. -Original text
12. Coinbase Prime address transferred 150.75 BTC to Grayscale Mini Bitcoin Trust.
Coinbase Prime address transferred approximately 150.75 BTC to Grayscale Mini Bitcoin Trust 9 minutes ago, worth approximately $9.5 million.
13. Bitcoin core developers disclosed that versions below Bitcoin Core 24.0.1 have high-risk vulnerabilities.
Bitcoin Core developers have issued a new high-severity warning that one in six Bitcoin nodes has a software vulnerability. Specifically, all software below Bitcoin Core version 24.0.1 is at risk. The denial of service vulnerability affects approximately 3,330 of the 19,200 self-proclaimed user agents of accessible Bitcoin full nodes, according to monitoring estimates by Bitnodes. The developer fixed the vulnerability in Bitcoin Core pull request (PR) number 25717 and merged it into production with the release of v24.0.1 on December 12, 2022. The current Bitcoin Core node software version (now 27.1) contains fixes for this and other vulnerabilities. Although the vulnerability is quite serious, there are few known attacks that exploit it in the public record. Since the cost of generating and broadcasting a block header chain to perform a denial of service attack is quite high, the vulnerability has little financial benefit to the attacker. -Original text
14. Bank of America said that the Federal Reserve is more concerned about employment data, and inflation data may take a back seat next week.
Inflation data next week is likely to take a backseat after the Federal Reserve signaled it was more concerned about weakness in the U.S. job market, Bank of America analysts said in a note. Personal consumption expenditures inflation for August will be released next Friday, following tepid CPI and PPI data earlier this month. Bank of America expects the monthly increase to be 0.1%, down from 0.2% in July. Weekly jobless claims will be released on Thursday. "We continue to believe that the combination of a dovish Fed and a resilient economy will lead to a steeper yield curve, including a steeper breakeven curve," Bank of America economists said. -Original text
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