🚀 🌐 Trump's World Liberty Financial Debuts

In today’s edition: 📉 Crypto markets dip ahead of potential Fed rate cut, 🎣 Flyfish settles SEC dispute over NFTs for $750K, and more!

Sep 17, 2024

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What’s Poppin’?

by Veronica Irwin and Juan Aranovich

Donald Trump Reiterates Support for Crypto Industry During Debut of World Liberty Financial

Other executives involved in the DeFi project also revealed details about its governance token on Monday evening.

Bitcoin and the Crypto Markets Slump as Fed Faces Tough Rate Cut Decision

The crypto market is feeling the pressure as a potential 50 basis point Fed rate cut looms.

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Daily Bits… ✍️✍️✍

🍽️ Flyfish restaurant settled with the SEC for $750,000 over its NFT membership program, which was deemed an unregistered securities offering, despite dissent from within the SEC.
📈 BlackRock’s IBIT spot Bitcoin ETF saw its first net inflows in three weeks, attracting $15.8 million as other Bitcoin ETFs also experienced positive flows.
📊 The SEC intensified its scrutiny of Binance's token listing and trading practices, filing an amended complaint that addresses previous legal concerns and strengthens the case against the exchange.
⏳ Binance founder Changpeng "CZ" Zhao is set to be released from custody on Sept. 29, after serving a four-month sentence for failing to implement adequate Know Your Customer (KYC) procedures at the exchange.
🕵️‍♂️ Former Celsius CEO Alex Mashinsky, who is facing a potential 115-year prison sentence, is seeking testimony from six former Celsius executives to support his defense in his criminal trial.
💸 MicroStrategy plans to sell $700 million in convertible senior notes to buy back debt and purchase more Bitcoin, continuing its aggressive investment strategy.

Today in Crypto Adoption...

🌍 Over 40 financial firms have joined the Bank for International Settlements' Project Agorá to explore how tokenization, through integrating commercial bank deposits with central bank digital currencies, can improve cross-border payments.

The $$$ Corner…

🌐 Permissionless Labs, supported by Multicoin Capital and Solana Ventures, secured $10 million in Series A funding to develop a decentralized content delivery network on Solana, aiming to challenge centralized models.
💰 RISE raised $3.2 million in a seed round led by Finality Capital, with notable investors including Vitalik Buterin, marking a significant step in advancing the Gigagas layer 2 project.

What Do You Meme?

📈 Your Market Update 📉

BTC is up 0.8%, trading at $59,088
ETH is up 0.7%, trading at $2,314
BTC dominance: 54.41%
Crypto market cap: $2.14T

*All data as of today, 06:30 am ET. Source: CoinGecko

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