Bitpush editor selects Web3 news for you every day:
[ Binance founder CZ is released, which may boost investor confidence]
According to Bloomberg, former Binance leader and co-founder CZ was released from prison on Friday, two days earlier than originally planned. The news is expected to boost investor sentiment and lead to a recovery in trading activity.
A spokesperson for the Federal Bureau of Prisons declined to provide specific information about CZ's release, saying: "For privacy and security reasons, we do not discuss the conditions of imprisonment, reasons for transfer, or specific release plans of any incarcerated person."
Binance's current regional market head Vishal Sachandreen previously stated in an interview that CZ will not participate in any decision-making of Binance.
[10x Research analyst: There is a high probability of a rebound in the fourth quarter, which will trigger more FOMO in the crypto space]
A new research report written by 10X Research analysts shows that since the Federal Reserve cut interest rates in mid-September, the price of Bitcoin (BTC) has soared and has broken away from the downward trend. The amount of stablecoin minting has surged by $10 billion in the past few weeks, injecting sufficient liquidity into the cryptocurrency market. Analysts said: "As Bitcoin breaks through $65,000, we expect it to quickly rise to $70,000 and then set a new all-time high in the short term."
“There is a high probability of a rebound in the fourth quarter, the gains may have already begun, and a significant rise may be imminent, thus triggering more FOMO in the cryptocurrency space,” the report wrote.
[ Coinbase analyst: As blockchain activity increases, Ethereum's average gas fee has increased by 498% in 30 days]
Coinbase analysts David Duong and David Han said in Friday’s Coinbase Weekly report that Ethereum transaction fees have surged as blockchain activity increases.
“The average Gas Price over the past 10 days (September 16 to September 26) has increased 498% from the previous 30-day average, and the median transaction cost on Ethereum is now $1.69, compared to $0.09 at the beginning of the month,” the analysts said.
Analysts noted that the increase in trading activity was not driven by a single factor, but several factors contributed to the trend. Ethereum decentralized exchanges (DEX) saw a slight increase in trading volume, up 9% week-on-week. In addition, the analysts added that total Ethereum transfer volume increased 17% week-on-week, corresponding to the increase in transaction fees.
[Mango DAO reached a settlement with the SEC and was fined $700,000 for unregistered sale of MNGO tokens]
Mango DAO, Mango Labs and Blockworks Foundation have agreed to settle with the U.S. Securities and Exchange Commission (SEC) for the unregistered sale of MNGO governance tokens on the Mango Markets platform. The three parties will pay a total of $700,000 in fines and destroy all MNGO tokens.
The SEC also accused Blockworks Foundation and Mango Labs LLC of acting as unregistered brokers. The SEC said, "The DAO label does not change the actual responsibilities of the entities behind the project, and all intermediary activities are still subject to registration regulations."
[“CZ will regain his freedom with $60 billion in wealth” ranked eighth on Baidu’s hot search list]
"CZ will regain his freedom with a fortune of 60 billion US dollars" ranked eighth on Baidu's hot search list.
As previously disclosed by Fortune magazine, CZ will walk the streets of Long Beach, California on Friday as a free man for the first time in months. CZ has been in federal custody since April this year, after he agreed to return to the United States from Dubai to serve a five-month sentence for failing to implement proper anti-money laundering controls at Binance, a large cryptocurrency exchange he founded. During this period, CZ served about two months in a minimum security prison in the California desert before being transferred to a halfway house in Long Beach, where he could have supervised outings and even go to the movies, according to a prison official. Now, CZ will have more options. He has returned to society with a personal fortune of about $60 billion (the 25th richest person in the world), and his legal troubles are a thing of the past.
[ MicroStrategy 2x leveraged ETF earned over $72 million in its first week of listing]
The T-REX 2X Long MSTR Daily Target ETF (MSTU) raked in $72 million in gains in its first week of trading, according to Bloomberg Intelligence data. The fund, issued by REX Shares and Tuttle Capital Management, promises to deliver twice the daily performance of shares of bitcoin strategy firm MicroStrategy (MSTR), the largest leverage of any fund associated with MSTR.
A similar fund, the Defiance Daily Target 1.75X Long MicroStrategy ETF (MSTX), promises to return 175% of the daily percentage change in MSTR’s stock price. MSTX launched on Aug. 15 and has so far attracted about $857 million, ranking in the top 8% of funds launched this year, according to Eric Balchunas, senior ETF analyst at Bloomberg Intelligence.
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