🕵️♀️ Nice Crypto Tactic 👀
In today’s edition: 📈 Bitcoin to boom no matter who wins, 📦 WBTC completes transition to multi-jurisdiction custody, 🚀 Babylon’s bitcoin staking hits $1.5B in deposits, and more!
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What’s Poppin’?
by Juan Aranovich, Tikta, and Sage D. Young
FBI Created Crypto Token ‘NexFundAI’ to Lure Crypto Scammers
The FBI created its own crypto token to bring down crypto market manipulators. Four crypto entities and 18 individuals now face charges for wash trading and fraud.
Exclusive: Antonio Juliano Returns to CEO Position at dYdX Trading After Nearly Five Month Hiatus
The founder of one of the top decentralized crypto exchanges acknowledged that dYdX has had a challenging year and cited the need for leadership to come from its founder as reason for his return as CEO.
Why Bitcoin and Crypto Prices Are Set to Surge Regardless of Who Wins the U.S. Presidential Election
Trump or Harris—does it really matter for bitcoin? Financial experts say a massive wave of liquidity is coming to push markets higher.
WBTC Completes Shift to Multi-Jurisdiction Custody Model
Wrapped Bitcoin (WBTC) has completed the move to a new custody setup, which splits control of the assets between the US, Singapore, and Hong Kong.
Bitcoin Staking Protocol Babylon Draws from LSTs and WBTC to Attract $1.5 Billion in Deposits
Liquid staking token providers are using WBTC directly for bitcoin staking in Babylon, while other stakers are unwrapping WBTC to participate.
Earn bitcoin on Gemini here.
Bits + Bips: Why ‘All Assets Will Go Up’ in the Near Future
Is the global market on the verge of a major reflation? The hosts and Nikos Kargadouris explore why all assets—from bitcoin to crude oil—could be poised for significant gains in the coming months.
As the PBOC and Fed shift their stances on rates and liquidity flows, the macro landscape is evolving rapidly. In this episode of Bits + Bips, we unpack how these policy changes could spark a massive surge across all asset classes—from equities and bonds to bitcoin and crude oil.
The hosts, joined by Nikos Kargadouris, a seasoned trader, discuss why liquidity is about to flood the markets, why fears of a US recession may be overblown, and how even memecoins could benefit.
Plus, are central banks close to buying bitcoin ETFs?
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
Daily Bits… ✍️✍️✍
⏳ Former FTX executive Ryan Salame requested a delay in his prison sentence to Dec. 7 for continued medical treatment, after sustaining injuries from a dog attack this past summer, marking his second postponement request.
💻 The U.S. government acknowledged Bitfinex as the sole potential victim of the 2016 hack in a court filing, while also requesting a pathway for affected customers to make claims despite Bitfinex's resolution with BFX tokens.
🐕 Crypto sleuth ZachXBT exposed Murad Mahmudov's $24 million in memecoin holdings, stirring up controversy in the memecoin community. Some raised concerns about his market influence and transparency in promoting micro-cap coins, while others felt it was dangerous of ZachXBT to reveal Murad’s holdings.
⚖️ Mango Market DAO failed to pass a $700,000 SEC settlement vote after a major voter withdrew their vote just hours before the deadline, but a similar proposal has already passed the quorum and may allow for payment.
🪙 Liquid restaking infrastructure platform Puffer Finance introduced its governance token and announced an upcoming community airdrop, with 75 million tokens allocated for distribution through the first season of its “Crunchy Carrot Quest” campaign starting on Oct. 14.
📱 Solana’s top DeFi platform, Jupiter, launched a mobile app that focuses on swapping tokens and wallet management, aiming to grow its distribution without charging fees while prioritizing best price aggregation for users.
Today in Crypto Adoption...
🌐 Stripe reintroduced crypto payment support, allowing businesses to accept USDC stablecoin payments across Ethereum, Solana, and Polygon networks, marking its return to the crypto space after halting bitcoin payments in 2018 due to volatility concerns.
🇨🇴 Colombian neobank Littio is switching from Ethereum to Avalanche to scale its popular Yield Pots, which offer customers access to U.S. Treasury bills, citing Avalanche’s lower transaction fees and consistency as key reasons.
The $$$ Corner…
🚀 VanEck is launching a $30 million fund to invest in early-stage fintech, digital asset, and AI startups, with plans to back 25 to 30 companies, focusing on projects with potential for both strategic and financial growth.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 1.9%, trading at $60,912
ETH is down 1.8%, trading at $2,387
BTC dominance: 54.31%
Crypto market cap: $2.22T
*All data as of today, 06:15 am ET. Source: CoinGecko
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