🚀 🔥 Bitcoin's Market Share Rises by 6% in 2024, Outpacing Ethereum's Growth 🔥
#Bitcoin #Ethereum #MarketShare #Cryptocurrency #Growth2024 #IntoTheBlock #BTC
Data from IntoTheBlock reveals that Bitcoin's market share has surged by 6% in 2024, significantly outpacing Ethereum’s growth. While Ethereum has seen a modest increase of 0.2% year-to-date, Bitcoin has surged by approximately 43% during the same period. #Bitcoin #Ethereum #MarketShare #Cryptocurrency #Growth2024 #IntoTheBlock #BTC
🚀 🔥 Economist Bill Conerly: U.S. Inflation Worries Linked to Growing Federal Deficit 🔥
#Economy #Inflation #FederalDeficit #InterestRates #Employment #BillConerly #FederalReserve #EconomicOutlook #PresidentialElection
According to a report by Jinshi Data on September 21, economist Bill Conerly highlighted that growing concerns about U.S. inflation are primarily driven by the rising federal deficit. He emphasized that regardless of the outcome of the upcoming presidential election, deficit spending is likely to increase further.While economists continue to debate the exact impact of deficits on inflation, Conerly noted that even a small effect would require the Federal Reserve to maintain restrictive interest rates for an extended period. He also pointed out that the employment aspect of the Fed’s dual mandate has softened, with higher unemployment rates, fewer voluntary quits, and a decline in job openings.Despite the economic strength, Conerly believes the Fed is likely to continue cutting interest rates through the end of 2025, though the long-term outlook remains uncertain. #Economy #Inflation #FederalDeficit #InterestRates #Employment #BillConerly #FederalReserve #EconomicOutlook #PresidentialElection
🚀 🔥 Elon Musk Warns U.S. Government Spending Could Lead to Bankruptcy 🔥
#ElonMusk #GovernmentSpending #Bankruptcy #Inflation #DonaldTrump #EfficiencyCommittee
According to PANews, Elon Musk expressed concerns on the social media platform "X," stating that unchecked U.S. federal government spending could bankrupt the country if action is not taken to reduce waste. Musk emphasized that such excessive spending is a primary driver of inflation.In related reports, U.S. Republican presidential candidate Donald Trump indicated that, if elected, he would consider appointing Musk to lead a government efficiency committee aimed at reviewing and optimizing federal spending.#ElonMusk #GovernmentSpending #Bankruptcy #Inflation #DonaldTrump #EfficiencyCommittee
🚀 Bonk Inu Plans To Launch ETP In The US By Year-End
#BonkInu #ETP #Solana #memeCoin #USlaunch #OspreyFunds #ETF #SolanaBreakpoint2024 #BONK
According to BlockBeats, on September 22, Solana meme coin Bonk Inu announced plans to launch an Exchange-Traded Product (ETP) in the United States during the Solana Breakpoint 2024 event. The Bonk Inu team revealed that the introduction of the ETP would bring them closer to releasing an Exchange-Traded Fund (ETF). The team will collaborate with Osprey Funds, aiming to launch the ETP by the end of this year.#BonkInu #ETP #Solana #memeCoin #USlaunch #OspreyFunds #ETF #SolanaBreakpoint2024 #BONK
🚀 Fed's Approach To Rate Cuts Criticized By EY Economist
#Fed #RateCuts #Economy #GregoryDaco #Unemployment #WallStreet #EconomicForecast #MonetaryPolicy #InterestRates #EYEconomist
According to BlockBeats, on September 22, EY Chief Economist Gregory Daco criticized the Federal Reserve for being reactive rather than proactive in its approach to rate cuts. Daco highlighted concerns that the Fed might be waiting too long to take action, especially after data released two days following the July meeting showed an increase in the unemployment rate to 4.3%. He emphasized the need for the Fed to adopt a robust forward-looking framework instead of relying on data-driven decisions, which he believes they have yet to achieve.
Daco also pointed out a discrepancy between Wall Street's expectations and the Fed's projections regarding future rate cuts. While Wall Street anticipates more rate cuts, Fed policymakers estimate two more 25 basis point cuts by the end of 2024 and four additional cuts in 2025. The Fed's rate-setting committee is nearly evenly split on the expected number of additional rate cuts this year, with seven policymakers supporting a 25 basis point cut by year-end and nine members favoring an additional 50 basis point cut. Two policymakers do not foresee any further cuts. This division suggests that while some officials might support a 25 basis point cut this month, others might opt for a 50 basis point cut to prevent further deterioration in the job market.#Fed #RateCuts #Economy #GregoryDaco #Unemployment #WallStreet #EconomicForecast #MonetaryPolicy #InterestRates #EYEconomist
🚀 Michael Saylor Discusses Urgency Of Acquiring Bitcoin
#MichaelSaylor #Bitcoin #MicroStrategy #BitcoinAcquisition #Investing #Urgency #BTC
According to Odaily, MicroStrategy founder Michael Saylor recently shared his thoughts on Bitcoin acquisition during an interview. Saylor emphasized the urgency that often accompanies the decision to invest in Bitcoin. He stated, 'Once you acquire Bitcoin and develop an interest in it, your immediate reaction is to buy as much Bitcoin as possible because others will take all of your Bitcoin.'#MichaelSaylor #Bitcoin #MicroStrategy #BitcoinAcquisition #Investing #Urgency #BTC
🚀 Federal Reserve's Balance Sheet Shrinks to $7.1 Trillion
#FederalReserve #BalanceSheet #Economy #Finance #TrillionDollar #EconomicData
According to BlockBeats, as of September 17, the Federal Reserve's balance sheet has decreased to approximately $7.1 trillion, currently reported at $7.109 trillion. This marks a reduction of about $1.39 trillion since the beginning of the year, based on data from the Federal Reserve's official website.#FederalReserve #BalanceSheet #Economy #Finance #TrillionDollar #EconomicData
🚀 USDC Treasury Mints Over 50 Million USDC on Ethereum
#USDC #Ethereum #DeFi #cryptocurrency #stablecoin #blockchain #liquidity
According to BlockBeats, on September 22, Whale Alert reported that the USDC Treasury has minted 50,109,449 USDC on the Ethereum blockchain. This significant minting event highlights the ongoing activity and demand for the stablecoin within the cryptocurrency market. The newly minted USDC tokens are expected to be utilized across various decentralized finance (DeFi) platforms and other blockchain-based applications, contributing to the liquidity and stability of the digital asset ecosystem.#USDC #Ethereum #DeFi #cryptocurrency #stablecoin #blockchain #liquidity
🚀 Cassava Network Secures New Investment From Anubi Foundation
#CassavaNetwork #AnubiFoundation #Web3 #Investment #AfricanMarket #SocialTasks #Funding #PrivateFunding #Partnership #Transsion
According to BlockBeats, on September 22, Cassava Network announced that it has received a new round of investment from the Anubi Foundation. This funding is expected to further support Cassava's development within the Web3 ecosystem, particularly in expanding its presence in the African market.
Cassava Network is a platform centered around Web3 social tasks, aiming to transition more Web2 users into the Web3 space to foster long-term and sustainable growth in the sector. During its private funding round, the project attracted investments from over 40 institutions, including Youbi Capital, Dragonfly Capital, Spark Digital Capital, NGC Ventures, DWeb3 Capital, Tron, Shima Capital, and SevenX Ventures. Additionally, Cassava Network has previously partnered with the well-known mobile phone brand Transsion to jointly promote the adoption of Web3 task systems.#CassavaNetwork #AnubiFoundation #Web3 #Investment #AfricanMarket #SocialTasks #Funding #PrivateFunding #Partnership #Transsion
🚀 Bitcoin NFT Sales Surpass $4.5 Billion, Ranking Third Among Blockchains
#Bitcoin #NFT #Sales #Cryptoslam #Ethereum #Solana #Blockchain #Transactions #DigitalArt #BTC
According to PANews, recent data from Cryptoslam reveals that the total sales of Bitcoin-based NFTs have exceeded $4.5 billion, currently reaching $4,501,727,121. This achievement places Bitcoin third in the ranking of on-chain NFT sales, following Ethereum with $44.304 billion and Solana with $5.847 billion.
In addition, the total transaction volume of Bitcoin-based NFTs has reached approximately 3.807 million transactions. The number of buyers stands at around 617,900, while the number of sellers is approximately 519,100.#Bitcoin #NFT #Sales #Cryptoslam #Ethereum #Solana #Blockchain #Transactions #DigitalArt #BTC
🚀 Bitcoin To Gold Ratio Predicted To Surge By 2025
#Bitcoin #Gold #Investment #Trading #TechnicalAnalysis #CryptoPredictions #MarketTrends #PriceForecast #BullishMarket #IH&S #BTC
According to BlockBeats, on September 22, Peter Brandt, a veteran chart analyst and founder of Factor Trading who accurately predicted Bitcoin's crash in 2018, stated that the Bitcoin to gold ratio could increase by over 400% by 2025.
Brandt supports his highly bullish forecast with classic technical chart analysis. He refers to a pattern known as the Inverse Head and Shoulders (IH&S). This pattern forms when prices create three consecutive troughs, with the middle trough (the head) being deeper than the other two (the shoulders). This formation occurs below a common support line called the neckline. When prices break above the neckline with increasing volume, the IH&S pattern is considered complete. At this point, the price rise is expected to be equivalent to the maximum distance between the neckline and the deepest point of the head.
For the Bitcoin to gold exchange rate, Brandt predicts that the price of 1 BTC could reach 123 ounces of gold by 2025. This represents an increase of over 400% compared to the rate of 24 ounces on September 22, 2024.#Bitcoin #Gold #Investment #Trading #TechnicalAnalysis #CryptoPredictions #MarketTrends #PriceForecast #BullishMarket #IH&S #BTC
🚀 Upcoming Token Unlocks For Venom, YGG, AGIX, And Others
#Venom #YGG #AGIX #Ethena #Galxe #Acala #TornadoCash #Euler #TokenUnlocks #Cryptocurrency #ENA
According to PANews, several significant token unlocks are scheduled for the upcoming week, impacting various cryptocurrencies including Venom (VENOM), Yield Guild Games (YGG), SingularityNET (AGIX), and Ethena (ENA). These unlocks are expected to influence the circulating supply and market value of the respective tokens.
Venom (VENOM) will unlock approximately 235 million tokens on September 25 at 4 PM UTC+8. This represents 12.66% of its current circulating supply, with an estimated value of $26.1 million. Yield Guild Games (YGG) is set to unlock around 14.08 million tokens on September 27 at 10 PM UTC+8, accounting for 3.65% of its circulating supply and valued at approximately $6.4 million.
SingularityNET (AGIX) will unlock about 8.19 million tokens on September 28 at 8 AM UTC+8, which is 1.63% of its circulating supply, with an estimated value of $5.8 million. Ethena (ENA) will unlock around 8.19 million tokens on September 29 at 3 PM UTC+8, representing 0.78% of its circulating supply and valued at approximately $3.9 million.
Additionally, Galxe (GAL) will unlock about 416,000 tokens on September 24 at 8 AM UTC+8, which is 0.33% of its circulating supply, valued at around $980,000. Acala (ACA) will unlock approximately 4.66 million tokens on September 25 at 8 AM UTC+8, representing 0.43% of its circulating supply and valued at about $300,000.
Tornado Cash (TORN) will unlock around 91,600 tokens on September 28 at 11:30 AM UTC+8, which is 2.41% of its circulating supply, valued at approximately $240,000. Lastly, Euler (EUL) will unlock about 42,000 tokens on September 27 at 8:47 AM UTC+8, representing 0.23% of its circulating supply and valued at around $190,000.#Venom #YGG #AGIX #Ethena #Galxe #Acala #TornadoCash #Euler #TokenUnlocks #Cryptocurrency #ENA
🚀 JJ Lin Collaborates With Vitalik Buterin And Ethereum Foundation In Singapore
#JJLin #VitalikButerin #Ethereum #EthereumFoundation #Singapore #Collaboration #ETH
According to PANews, JJ Lin recently shared a photo on the X platform featuring himself with Ethereum co-founder Vitalik Buterin. Lin expressed his excitement about collaborating with Buterin and the Ethereum Foundation in Singapore.#JJLin #VitalikButerin #Ethereum #EthereumFoundation #Singapore #Collaboration #ETH
🚀 Fractal Bitcoin Mainnet Launches With Upcoming PizzaSwap Release
#FractalBitcoin #PizzaSwap #BRC20 #UniSat #BoolBridge #SimpleBridge #Runes #MainnetLaunch #CryptoNews
According to PANews, UniSat announced that the Fractal Bitcoin mainnet has been launched over the past two weeks. The BRC-20 on Fractal has been activated, and PizzaSwap on the Fractal mainnet is scheduled for release on September 30. The platform will support asset bridging through Bool Bridge and SimpleBridge.
Before the launch of PizzaSwap, on September 25, the BRC-20 index implementation will be open-sourced on Fractal. Preparations are currently underway to activate Runes on Fractal at block height 84,000.#FractalBitcoin #PizzaSwap #BRC20 #UniSat #BoolBridge #SimpleBridge #Runes #MainnetLaunch #CryptoNews
🚀 Solana Breakpoint Highlights Focus on Applications Over Infrastructure
#Solana #Breakpoint #Applications #Infrastructure #SyncracyCapital #BullishTrend #SOL
According to Odaily, the co-founder of SyncracyCapital recently shared insights on X, emphasizing that the most notable aspect of the Solana Breakpoint event was that 90% of the presentations were centered around products rather than the usual endless discussions on infrastructure. The current bullish trend for Solana is not driven by technology but by applications.#Solana #Breakpoint #Applications #Infrastructure #SyncracyCapital #BullishTrend #SOL
🚀 Unisat CEO Discusses CAT20 Development Plans
#UniSat #CAT20 #blockchain #crypto #trading #AMM #decentralizedfinance
According to BlockBeats, on September 22, UniSat CEO Lorenzo addressed community questions, stating that the team will not specifically develop tools for minting or deploying CAT20, as others have already done an adequate job. The team is actively researching the CAT20 trading market and will provide updates as they become available.
Additionally, in response to a community query about whether UniSat will support CAT20 in modular swaps or use OPCAT without bridging to create Fractal AMM, Lorenzo expressed hope that they will perform better this time.#UniSat #CAT20 #blockchain #crypto #trading #AMM #decentralizedfinance
🚀 FB Rebounds Over 10% In The Past Hour
#FB #rebound #priceincrease #UniSat #PizzaSwap #Fractal #blockchain #BoolBridge #SimpleBridge
According to BlockBeats, FB has experienced a significant rebound of over 10% in the past hour, with its current price standing at $15.26.
In related news, UniSat has announced that PizzaSwap will be launched on Fractal on September 30. The platform will support assets bridged through Bool Bridge and SimpleBridge.#FB #rebound #priceincrease #UniSat #PizzaSwap #Fractal #blockchain #BoolBridge #SimpleBridge
🚀 Cryptocurrency Adoption Grows With Key Partnerships And Integrations
#Cryptocurrency #Adoption #Partnerships #Integrations #Stablecoins #Finance #Mastercard #Mercuryo #PayPal #Ethereum #DePIN #Helium #Telecom #TON #LINE #Kaia #UserFriendly #Mainstream #MessagingApps
According to BlockBeats, on September 23, K33 Research analyst David Zimmerman highlighted the ongoing practical applications of cryptocurrencies despite skepticism fueled by the meme coin craze. Zimmerman pointed out that the actual use cases for cryptocurrencies are already evident if one looks closely at the market developments.
The market capitalization of stablecoins recently reached $175 billion, underscoring their importance in emerging markets. Stablecoins serve as crucial financial tools for people in these regions, helping them avoid hyperinflation in their local currencies and circumvent exorbitant remittance fees. This growing adoption signifies the practical utility of cryptocurrencies beyond speculative trading.
In a significant move, Mastercard has partnered with Mercuryo to enable users to spend their self-custodied cryptocurrencies at over 100 million merchants. Additionally, PayPal and Venmo have integrated Ethereum Name Service, allowing users to transfer cryptocurrencies using readable names instead of traditional wallet addresses. These integrations are making cryptocurrency transactions more accessible and user-friendly.
The DePIN project Helium has collaborated with major telecom companies, resulting in 113,000 registrations for its mobile service. This indicates a shift where a substantial number of users are opting for cryptocurrency-based services over traditional providers like Verizon. Such partnerships highlight the growing acceptance and integration of cryptocurrencies in mainstream services.
Telegram, with nearly 1 billion monthly active users, has integrated the Open Network (TON), enabling users to transfer cryptocurrencies as easily as sending text messages. Similarly, the Asian messaging app LINE, which boasts over 230 million monthly active users, is implementing a comparable plan with Kaia. These developments reflect the increasing ease of cryptocurrency transactions and their integration into everyday communication platforms.#Cryptocurrency #Adoption #Partnerships #Integrations #Stablecoins #Finance #Mastercard #Mercuryo #PayPal #Ethereum #DePIN #Helium #Telecom #TON #LINE #Kaia #UserFriendly #Mainstream #MessagingApps
🚀 US Inflation Expected To Stabilize By Late 2025 Or Early 2026, Says Economist
#USInflation #Economy #FederalReserve #EconomicStability #InflationForecast #NerdWallet
According to BlockBeats, on September 23, NerdWallet Senior Economist Elizabeth Renter stated that if everything goes as planned, U.S. inflation data will continue to slow down. She anticipates that inflation will stabilize at the Federal Reserve's target level by the end of next year or early 2026. Renter expressed hope that this process will not lead to a severe economic recession.#USInflation #Economy #FederalReserve #EconomicStability #InflationForecast #NerdWallet
🚀 Silvergate Bank's Closure Linked to Regulatory Changes and Financial Losses
#SilvergateBank #bankclosure #cryptocurrency #regulatorychanges #financiallosses #bankruptcy #digitalassets #interestrates #SiliconValleyBank #SignatureBank
According to BlockBeats, on September 23, in a new bankruptcy filing, executives responsible for winding down the crypto-friendly Silvergate Bank's parent company stated that despite the contraction in the cryptocurrency industry and rising interest rates, the bank was stable, able to meet regulatory capital requirements, and capable of continuing to serve customers who retained deposits.
However, in 2023, sudden regulatory changes by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) clearly indicated that, at least in the first quarter of 2023, these agencies would no longer tolerate banks with a significant number of digital asset customers. This ultimately prevented Silvergate Bank from continuing its digital asset-focused business model.
Elaine Hetrick, Chief Administrative Officer of Silvergate Capital Corporation, provided a timeline in the bankruptcy filing that led to the closure of Silvergate Bank on March 8, 2023. This date was two days before the closure of Silicon Valley Bank and four days before Signature Bank was taken over by regulators.
The document also revealed that Silvergate's consolidated operations reported a net loss of $948.7 million for the year ending December 31, 2022, compared to a net income of $75.5 million for the year ending December 31, 2021. This loss was primarily due to the sale of long-term securities amid rising interest rates.#SilvergateBank #bankclosure #cryptocurrency #regulatorychanges #financiallosses #bankruptcy #digitalassets #interestrates #SiliconValleyBank #SignatureBank
🚀 Ashigaru Project Launches Mobile Wallet After Samourai Wallet Hard Fork
#AshigaruProject #MobileWallet #SamouraiWallet #OpenSource #Crypto #Privacy #CensorshipResistance #DigitalCommerce #MoneyLaundering #FBI #JusticeDepartment
According to Cointelegraph, on Sept. 20, a group of developers announced the release of a mobile wallet following a hard fork of the Samourai Wallet code. This new initiative, named the Ashigaru Open Source Project, aims to build upon the work of the Samourai team by developing, releasing, and maintaining free and open-source software. The project emphasizes creating solutions with a low technical barrier to entry while ensuring user security, privacy, and resistance to censorship.
The Ashigaru developers highlighted their extensive use of public domain code and contributions from other crypto projects. Their mission statement underscores a commitment to enabling peaceful, voluntary, and private online commerce without tracking, surveillance, or censorship. The development team, identifying themselves as former users of Samourai Wallet, clarified that they have no direct ties to the original Samourai Wallet core development group.
In April 2024, the founders of the Samourai Wallet, Keonne Rodriguez and William Hill, were arrested on money laundering charges by the United States Department of Justice (DOJ). The DOJ accused them of executing over $2 billion in unlawful transactions and facilitating more than $100 million in money laundering. If convicted, they face a maximum sentence of five years in prison for conspiracy to commit money laundering and conspiracy to operate an unlicensed money-transmitting business.
As part of the investigation, the FBI seized the Samourai Wallet's website and servers, and law enforcement officials mandated the removal of the Samourai Wallet application from app stores. Rodriguez pleaded not guilty and was released on a $1 million bail-bond agreement with the United States District Court for the Southern District of New York, with restrictions on his geographic movements until the case concludes.#AshigaruProject #MobileWallet #SamouraiWallet #OpenSource #Crypto #Privacy #CensorshipResistance #DigitalCommerce #MoneyLaundering #FBI #JusticeDepartment