“Investors around the world have lost a lot of money” because cryptocurrency companies failed to comply with the laws his agency is trying to enforce, said Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC).
This comes as the industry spends millions of dollars on political donations, in an attempt to influence the outcome of the US elections in November in the hope of more favorable future laws.

🐸 PEPE may cross zero when price hits 8-week high
The meme coin ecosystem is showing interesting trends, with PEPE also coming into the spotlight. According to data from CoinMarketCap, PEPE has surged 5.27% in the past 24 hours to $0.00000964 as it moves past zero.

Cryptocurrencies attract many investors due to the decentralized nature of the asset, which makes transactions faster and cheaper. However, for the same reason that digital assets are not regulated by any authorities, they become vulnerable to fraud and attacks. There are hundreds of such cases every day, which is why it is very important for users to protect their funds and personal data.

Not just a game

Always with the most exciting cryptocurrencies in the crypto-asset market, we will talk about BULM and the exciting digital project behind it. Blum is a revolutionary hybrid cryptocurrency platform, designed to provide a seamless user experience for buying, selling, and trading digital assets. Blum, which has been integrated with Telegram, aims to simplify crypto trading while incorporating gaming features to engage users. Here is an in-depth look at Blum, its key features, and how you can participate in its ecosystem.

Terraform Labs (TFL) on Wednesday revealed its plan to shut down its operations, products and services if talks with third parties fail. The embattled company and its CEO Chris Amani confirmed they received a bankruptcy court order to cease operations after settling with the Securities and Exchange Commission.
In a post on social media platform X on September 25, Terraform Labs announced progress in talks with third parties to outsource some of its products and services. With confirmation from Terra CEO Chris Amani, the company’s products and services will be shut down on October 30, 2024. TFL hints that third-party talks are unlikely to succeed, possibly due to scrutiny from the U.S. Securities and Exchange Commission and declining interest in the products. The company is selling four businesses: Enterprise Protocol, Warp Protocol, Station Wallet, and Alliance Hub.

US Vice President and presidential candidate Kamala Harris pledged in a speech at the Economic Club of Pittsburgh on Wednesday that the United States under her leadership will maintain its global dominance in emerging technologies such as blockchain, artificial intelligence and computing.
Harris added that it is important to maintain US leadership in advanced sectors.

Cryptocurrency airdrops, a popular strategy since 2017 to distribute tokens and generate early excitement, are facing increasing challenges. Despite the initial enthusiasm, a recent study by Kyrok Trading shows that token performance declines shortly after listing.

As the digital economy continues to evolve, decentralized finance (DeFi) is at the forefront of this transformation and promises to redefine traditional financial systems. DeFi runs on blockchain technology, enabling peer-to-peer transactions without intermediaries, thereby promoting greater financial inclusion and efficiency. The emergence of DeFi applications is not just a trend; it is indicative of a broader shift towards a more democratic financial landscape, where consumers can retain control over their assets and engage in financial activities without the constraints imposed by centralized institutions.

om - The US Department of Commerce said a short while ago, today, Thursday, that US economic growth was much greater than expected in the second quarter of this year.
Gross domestic product, a broad measure of goods and services produced from April through June, rose 3% in the second quarter in the latest revised reading, according to the department’s Bureau of Economic Analysis. The previous reading had also shown a 3% increase in the second quarter.

Popular Telegram clicker game Hamster Kombat has announced its plans for the rest of 2024 and into 2025, including the launch of a Web3 gaming platform to expand its gaming offerings.
On September 25, the team behind the Web3 game revealed a new roadmap, outlining its plans for the last quarter of 2024 and 2025. Hamster Kombat said its remaining plans for 2024 include integrating external payment systems, launching new games within the Hamster ecosystem, and incorporating non-fungible tokens (NFTs) as in-game assets.

China is about to inject nearly $142.4 billion (1 trillion yuan) to boost the capacity of its biggest state bank to support its struggling economy and sluggish markets, sources said. Beijing plans to issue new sovereign bonds to finance the Chinese government’s biggest bailout since the 2008 global financial crisis, sources said.
The move is in line with Beijing’s wide-ranging stimulus measures to boost its flagging economy after four of its five biggest lenders reported losses in the second quarter, Bloomberg reported. Banks had cut interest rates in response to government requests to spur a drop in loan applications. Analysts have recommended more fiscal stimulus as China’s growth target was at risk from deflationary pressures.

Rexas Finance (RXS) is an undervalued cryptocurrency project that aims to take on popular cryptocurrency projects like Pepe and Shiba Inu.
Furthermore, Rexas Finance provides real-world functionality by allowing users to tokenize a wide range of real-world assets (RWAs), such as real estate, artwork, and commodities.

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Bitcoin (BTC) closed above its 200-day moving average for the first time in September, when the price peaked at around $64,755, but it had fallen below $64,000 by Wednesday afternoon.
Bitcoin is currently sitting at this critical support/resistance level, near the $64,000 level, which will determine its price movements in the coming weeks.

Hamster Kombat locked out 2.3 million users for cheating before airdropping the HMSTR token, which is equivalent to the population of a city like Rome.
This one measure was caused by fraudulent methods such as linking multiple accounts to a single Binance wallet and creating fake referrals. As a result, the game confiscated 6.8 billion HMSTR tokens, with the aim of burning half of them and redistributing the rest to compatible players.

Cryptonews - Pepe-PEPE coin price has recently surged as whales (large investors) have started accumulating it again. The price of Pepe-PEPE coin recently rose by 2% to $0.000008195 amid a 4% decline in the crypto market cap. Despite dropping by 7% in a month, it has gained 12% in a week and has seen a staggering 1,100% increase in a year. Its slight price rise coincided with its trading volume exceeding $1 billion, as whales (large investors) have resumed buying and accumulating meme coins in recent weeks, indicating price gains to come, especially as the year-end approaches and market activity picks up.

A cryptocurrency trader recently became famous for turning a $15 investment into a staggering $135 million in just 1.2 days thanks to the soaring value of a new token called Terminus.
While such huge gains are rare in the volatile cryptocurrency market, the right timing can lead to significant gains, although most investors do not experience such unexpected gains.

Chaina Analysis also noted that the majority of cryptocurrency activity in the MENA region is based on large-scale transactions. 93% of the value transferred consists of transactions of $10,000 or more, according to the report.
Interestingly, centralized exchanges (CEXs) remain the primary source of cryptocurrency flows across the MENA region. However, decentralized platforms and DeFi applications are gaining traction in Saudi Arabia and the UAE.