🚨 Market Update:
Bitcoin Price Drops as 'Uptober' Begins with Mass Liquidations in Market Amid Rising Conflict in the Middle East 😨
Ethereum also recorded a 5.6% drop as global tensions impacted the market.
Nearly $250 Million Liquidated From Crypto Markets In The Last 4 Hours!
EigenLayer's $EIGEN token is now trading on all major exchanges.

A major whale has made a notable move by continuing to deposit Bitcoin (BTC) into centralized exchanges (CEX) even as the cryptocurrency market is reeling following Iran’s attack on Israel.
🔍 Noteworthy Details:
Massive Accumulation: This whale accumulated a total of 3,933 BTC ($234 million) from Binance at an average price of around $59,591 between August 29 and September 15.

🚀 Ripple Labs, the leading US blockchain payments company, has just made a major breakthrough in its global journey by receiving an operating license from the Dubai Financial Services Authority (DFSA). With this approval, Ripple can expand its services from the Dubai International Financial Center (DIFC) – one of the important gateways to the Middle East. 🌍💼
🔥 With a payment network already in place in the MENA region, Ripple can now provide a more robust payment solution to more customers and partners. In particular, receiving this license also demonstrates Ripple's strong commitment to complying with international laws and promoting cross-border business. 📈🌐

Market Performance and Development 📉
Record September for Bitcoin: September has been the best month for Bitcoin according to data from Coinglass.
Liquidations: Nearly $250 million has been liquidated from the crypto market in the past 4 hours.
Bitcoin Price: Bitcoin has fallen below $61,000.
Eigenlayer Token: Eigenlayer token is trading on exchanges with a $7 billion fully realized value (FDV), according to information from The Block.

✅ Bitcoin closed in the green for three of the last four weeks, signaling a bullish October ahead. Inflows into Bitcoin ETFs exceeded $1 billion this week, boosting market sentiment 🐂
💎 Crypto
Binance founder CZ walks free from US prisonHamster Kombat revealed its 2024-2025 roadmapMango Markets to destroy MNGO tokens in SEC settlementFake WalletConnect app on Google Play stole $70,000 worth of cryptoPhilippine government promotes crypto and NFT educationPolymarket seeks $50 million investment
🏦 Crypto Exchanges
Robinhood and Revolut consider launching stablecoinsBinance continues serving Russian usersBinance denies dark web data leak
💵 Finance and Economy
PayPal enables business accounts to trade cryptoNvidia CEO sold $713 million worth of sharesStablecoins replacing fiat in Hong Kong
⚖️ Law and Order
Telegram to share user data with governmentsBitcoin miners Bitfarms and Riot settle their disputeEx-Alameda CEO Caroline Ellison sentenced to 2 years in prisonDOJ sues Visa for payments monopolyDubai tightens crypto marketing rules
🗣 Personalities
Donald Trump hints at no 2028 run if defeated in 2024Kamala Harris pledges AI and crypto investmentSean "Diddy" Combs jailed with Sam Bankman-FriedMark Cuban eyes SEC Chair if Harris wins
🚀 Best Performers of the Week:
Dogwifhat: $2.51 (↑50.6%)Pepe: $0.0000114 (↑43.3%)Bonk: $0.000023 (↑36.7%)
#cryptonews #Blockchain #Binance's #stablecoin #bitcoin

After six months in prison in the United States, Binance co-founder Changpeng Zhao (CZ) is back with a focus on education, philanthropy, and technology. His role at Binance is over, but his vision lives on.
📢 New Initiative
In his first tweet, CZ pivoted from crypto to impactful projects, defining himself as a “long-term investor” with “impact, not profit.” Key projects include:

🗓 Monday, September 30, 2024
⏰ 13:45: Chicago PMI (September)
🔵Forecast: 46.1
🔵Previous: 46.1
⏰ 17:55: Fed Chairman Powell speaks 🎙

🗓 Tuesday, October 1, 2024
⏰ 13:45: S&P Global Manufacturing PMI (September)
🔵Forecast: 47.0
🔵Previous: 47.0
⏰ 14:00: ISM Manufacturing PMI (September)
🔵Forecast: 47.6
🔵Previous: 47.2
⏰ 14:00: ISM Manufacturing Prices (September)
🔵Forecast: 53.7
🔵Previous: 54.0
⏰14:00: JOLTs Job Opportunities (August)

📈 Mark Zuckerberg's fortune has grown to a staggering $201 billion—sixfold in just two years, thanks largely to a 60% surge in Meta Platforms Inc. stock. He's now the fourth-richest person in the world, behind Jeff Bezos, Bernard Arnault, and Elon Musk.
🌐 Despite its financial success, the metaverse remains controversial. Many argue that Zuckerberg's wealth growth is largely due to AI, not the metaverse.

📢 Hong Kong’s financial regulators, the HKMA and the SFC, are expected to regulate the reporting of OTC derivatives products, including crypto derivatives, in line with international standards starting from September 2025. Key points of the new regulations include:
Implement Unique Transaction IDs (UTIs), Unique Product IDs (UPIs), and Critical Data Elements (CDEs) to align with global practices.

📢 Base’s total value locked (TVL) has surpassed $2 billion, reaching $2.131 billion, marking significant growth since its launch in July. This increase, nearly 400% year-to-date, is the result of increased deposits and widespread adoption of Base’s L2 scaling solution in DeFi.
DEX Aerodrome leads the ecosystem, contributing $1.018 billion in TVL.
Other protocols like Uniswap and Aave V3, along with Aerodrome's bounty program, have fueled the momentum.

Ethereum (ETH) is currently trading at $2,690 with a 2% gain, as transaction fees have spiked 498% in the past 10 days. ETH is struggling to regain the $2,817 support level.
On-chain activity has caused transaction fees to surge, with the average fee rising from $0.09 to $1.69.
Daily ETH burns increase by over 900% to 2,097 ETH, signaling deflationary pressure and possible price increase.
Ethereum ETFs saw net outflows, while BlackRock’s ETHA and Fidelity’s FETH took in $15.3 million and $15.9 million, respectively.

The Fed’s latest rate cut is expected to take a heavy toll on stablecoins, with $625 million in lost interest income for every 50 basis points cut. A further cut in 2024 could push the total loss to $1.5 billion per year.
Tether (USDt), which holds $93.2 billion in bonds, is expected to come under heavy pressure.
Circle (USDC), with $28.7 billion in assets, will also face major difficulties.

🚨 Tether has partnered with the US Department of Justice to seize 6 million USDT linked to cryptocurrency scams.
💼 Main information:
Tether Recovered 6 Million USDT from Scams in Southeast Asia and a Total of 128 Million USDT.
Tether Bans 1,814 Addresses, Targeting Trust and Tech Support Scams
🔍 Scam tricks:
Scammers use chat apps to lure victims into transferring money to fake investment platforms, stopping payments after gaining trust.

Recently, many mining wallets that have been inactive for over 15.5 years have started moving $BTC:
5 mining wallets have moved 250 BTC ($15.9 million) in the past hour.
These wallets received 50 BTC (about $3.18 million) as mining rewards for each block in 2009.
Wallet Address:
1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD

18E5d2wQdAfutcXgziHZR71izLRyjSzGSX13J8FkimCLQ2EnP1xRm7yHhpaZQa9H4p8E1MBBBJBFEaYKHFZAeV7hQ7DWdu3aZktjzFH1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA

🔔 The Bank of Japan (BoJ) decided to leave its interest rate unchanged at 0.25% after core consumer prices rose 2.8% year-on-year in August. The decision was widely expected amid concerns that rising prices could hurt consumer spending.
🔔 The BoJ is cautious about raising interest rates because it could dampen economic activity and hurt the demand-side inflation it is trying to boost. After raising rates by 0.25% in July, the BoJ wants to assess the impact before making any further adjustments.

BingX, a major crypto exchange, was recently hacked, resulting in the theft of approximately $43 million. The stolen assets include:
🔺 $13.25 million in Ether (ETH)
🔺 $2.3 million in Binance Coin (BNB)
🔺 $4.4 million in USDT
🔺 and $23 million worth of other altcoins
⏩ The hack happened in two waves: the first wave lost about $26 million, and a later wave just hours later with an additional $16.5 million taken.

💰 UBS predicts that gold prices could reach $2,700/ounce by June next year due to a weaker US dollar and interest rate cuts from the US Federal Reserve (Fed).
📉 The DXY index, which measures the performance of the US dollar against six other major currencies, has lost 5% of its value since June, while gold prices have hit a new record high of nearly $2,600 an ounce.
📈 Gold is benefiting from the possibility of lower interest rates, which reduces the opportunity cost of holding non-yielding assets. Gold also tends to rise amid higher-than-expected producer price index (PPI) and core consumer inflation.

📊 Hong Kong has seen an 85.6% growth in cryptocurrency adoption, making it the fastest-growing cryptocurrency market in East Asia, according to a new report from Chainalysis. The region now ranks 30th globally in terms of cryptocurrency adoption.
🌐 East Asia continues to be a major player in the global cryptocurrency market, ranking sixth in terms of crypto economic size. The region accounts for 8.9% of global cryptocurrency value from July 2023 to June 2024, with over $400 billion in on-chain value.