The Fed’s much-anticipated interest rate cut has breathed new life into global financial markets, sending Bitcoin and major altcoins soaring this week as investor optimism returns.
Let's review all the crypto movements of the week with Coin68 to make sure you don't miss any important news!
Top Cryptocurrencies Volatility Compared to 7 Days Ago. TradingView Screenshot at 09:30 AM on 09/22/2024
📺 Coin68 TV
- DeFi Discussion ep.165: The Forgotten... Models
- Jen's Podcast - Episode 8: Capital Allocation and Investment Decision Making
- Brain Supplement #35:
- Project review: Hunting for DAWN project Airdrop - Internet Mining is "better" than Grass
- Coin68 Charity: "Mid-Autumn Festival Tuesday" - Full Moon Festival at Phu Dong Secondary School (Tien Giang)
📄 News
Focus 🔥
- Fedcuts interest rates for the first time in more than 4 years , Bitcoin price recovers to $64,000
- MicroStrategy raises $1 billion, buys $458.2 million more in Bitcoin
- BingX exchange hacked, $43 million in damage
- Binance stirs controversy by listing memecoins BabyDoge, TURBO, and NEIRO
- Donald Trumpused Bitcoin for the first time to pay
- ZachXBT "reveals" the identity of the perpetrator of the $238 million hack in August
Big Cap 💎
- Circle brings USDC to Sui and Soneium
- Memecoin NEIRO increases more than 20 times after being listed on Binance
- Solanaannounces the official name of the new phone line is Seeker, more than 140,000 pre-orders
- Tether monopolizes 75% of stablecoin market share, USDT reaches record balance on exchanges
- LayerZero establishes $300 million ecosystem incubation program
- BitGo moves into stablecoins with reward-bearing USDS
- Crypto millionaire loses $43 million betting on ETH
- Capital: Pipe Network ($10 million), Vana ($25 million), TON ($30 million), Hemi Network ($15 million), Aptos , Drift ($25 million)
DeFi and Layer 2 🦄
- Layer-2 Base sets record of over 4.5 million transactions in a day
- AAVE proposes parameter changes to minimize impact from WBTC
- WalletConnect prepares to Airdrop 185 million WCT Token to users
- TON Foundation partners with Curve Finance to incubate new stable swap project
Non-Fungible Token, GameFi, Metaverse and SocialFi 🖼 🎮🌐
- Solanalaunches Play Solana Gen1 gaming console
- DeGods “abandons” Non-Fungible Token, converts to new Token DEGOD
- Flappy Bird returns with Web3 version on Telegram, hints at future Airdrop
- Binance Confirms Moonbix Leaked Ahead of Official Launch
Large organizations 💰
- Dragonfly Capital wants to raise $500 million for its fourth investment fund
- Wintermute Creates New Prediction Market, Launches TRUMP and HARRIS Token
- JPMorgan Chase claims to be a "giant" in blockchain application
- Revolut is planning to release its own stablecoin
- Borderless Capital launches third DePIN fund worth $100 million
Legal and Reception ⚖️
- Bhutanese government has mined over $750 million in Bitcoin
- German government orders 47 crypto exchange to close
Coin68 synthesis
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