🚨📱The Risks for Crypto Users on Telegram
In today’s edition: 🔮 Can bitcoin prices overcome the usual September slump? 🔥 Ethervista becomes major ether burner, and more!
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Are All Crypto Funds Basically Engaging in Illegal Activity Now?
Uniswap Labs and Galois Capital have settled with, respectively, the CFTC and the SEC, but crypto lawyer Larry Florio says these small settlements could set bad precedents for the rest of the industry.
The SEC and CFTC’s recent actions against Uniswap and Galois Capital could mark a turning point in crypto regulation. With both firms settling on relatively low fines, are we witnessing regulators establish precedent for a broader crackdown on the industry?
In this episode, Larry Florio, general counsel at 1kx, delves into the implications of these settlements, the frustrations asset managers face with regulatory compliance, and whether the SEC’s approach could push the crypto industry into a corner. Will these actions set a precedent for more aggressive enforcement ahead?
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
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What’s Poppin’?
by Veronica Irwin, Sage Young and Juan Aranovich
The Risks of Using Telegram for Crypto Users
The arrest of founder Pavel Durov is spurring the messaging app to modify its content moderation policies. But even apart from these changes, there are risks that Telegram users should be aware of.
Will Bitcoin Prices Go Down as They Usually Do in September?
September has been the cruelest month for bitcoin investors, and while that pattern has continued so far this year, the US presidential election could tilt things in a positive direction.
Can Memecoin Mania Help Revive Ethereum’s Deflationary Dreams?
Ethervista, a new platform for launching tokens, has surged to become the second-largest burner of ether in the past seven days.
Daily Bits… ✍️✍️✍
⏳ The CFTC requested a 14-day stay on a judge's decision in favor of Kalshi, a prediction market platform, to allow time for an appeal regarding election contracts.
⚖️ Federal prosecutors rejected Ryan Salame's claims that they reneged on his plea deal, stating they never promised to stop investigating his partner, Michelle Bond.
📄 A New York judge ruled that Coinbase can access certain SEC documents in its case, but excluded testimony from SEC Chair Gary Gensler.
📉 VanEck plans to close its ether futures ETF, following the launch of a more popular spot ether ETF.
🔒 Friend.Tech has effectively shut down after developers relinquished control over its smart contracts due to stagnant growth and a lackluster launch of its second version.
Today in Crypto Adoption...
🌍 Travala.com partnered with Skyscanner, allowing users to book and pay for over 2.2 million hotels using more than 100 cryptocurrencies, expanding the visibility and adoption of crypto in the travel industry.
📈 A recent study shows that US crypto lobbying expenditures have increased by 1,386% since 2017, with a significant portion of the spending occurring in the last two years, as industry players seek favorable policies amidst increasing regulatory actions.
💳 Mastercard and Mercuryo collaborated to launch a euro-denominated debit card that enables users to spend cryptocurrency directly from their non-custodial wallets, allowing seamless transactions across Mastercard's global network.
🇯🇵 Japan’s three leading banks — MUFG, SMBC, and Mizuho — are set to trial a cross-border stablecoin transfer platform called "Project Pax," aiming to streamline international settlements for enterprises by leveraging blockchain technology.
The $$$ Corner…
🌱 Tether invested $102 million in South American agricultural giant Adecoagro, viewing land as a “crucial asset class,” complementing its investments in bitcoin and gold.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 1.5%, trading at $55,513
ETH is up 0.9%, trading at $2,323
BTC dominance: 53.31%
Crypto market cap: $2.05T
*All data as of today, 06:35 am ET. Source: CoinGecko
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