Bitcoin Daily: A brief pump over $26k was the week's highlight. More on this soon.

GM! 🌅 Monday's here, and so is our routine! Get insights on Bitcoin's weekly close from our trusted analyst, followed by a peek into our weekly progress. Let's set the tone for the week! 💪

Hello NWC Fam! Let's take a look at a few highlights together. ✧ A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target U.S. citizens. The Commission again warned that court rulings are not a guarantee that victims will recover all their funds. ✧ The Federal Bureau of Investigation (FBI) says it has confirmed that North Korea’s Lazarus Group was behind the crypto theft of about $41 million from online crypto casino and sports betting platform Stake(.)com. The FBI has provided a number of Bitcoin, Ethereum, Binance Smart Chain (BSC), and Polygon addresses that received stolen funds from Stake(.)com. ✧ Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained that the pilot was a “temporary, research and development pilot,” and that the entity will now compile data to deliver a report to the government. ✧ The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published their synthesis paper titled “Policies for Crypto Assets,” which was developed at the request of the Indian G20 Presidency. The global organizations “have set out a roadmap to ensure effective, flexible, and coordinated implementation of the comprehensive policy response for crypto-assets.” #US #FBI #Palau #IMF #G20

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. ✧ The Ethereum Foundation has announced the completion of its grants program to finance projects related to implementing ERC-4337, the account abstraction standard. 18 projects were selected to be part of this batch of grants, which feature different functionalities, including creating educational material on the issue and software that can design operations based on the requirements of other apps. ✧ The Ministry of Education in El Salvador partnered with Mi Primer Bitcoin (MPB), a nonprofit educational organization, to make Bitcoin-related content part of the school curriculum in the country. The pilot program will train 150 teachers to impart Bitcoin education, bringing the program to 75 public schools. #ElSalvador #Coinbase #Bitcoin #Ethereum

GM Fam! ☀️

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Mirae Asset Securities, South Korea's largest financial group with over $500 billion in assets under management, said Thursday that it is working with Ethereum scaling platform Polygon Labs to advance tokenization within finance and boost adoption of Web3 technologies. ✧ Despite bitcoin’s (BTC) price dipping 6.4% this week and hovering below the $26K mark, a flurry of activity was noted between September 5th and 6th as several substantial ‘sleeping bitcoins’ stirred. After a lull of slightly over six years, an individual splurged 359.92 BTC, equivalent to $9.2 million, across eight distinct transactions. Moreover, on Wednesday, September 6, an untouched trove of 500 bitcoins was mobilized for the first time in nearly seven years. ✧ On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded, Storm resolutely declared his innocence by pleading not guilty to the charges levied against him. #SouthKorea #BTC #ETH #TornadoCash

Hello NWC Fam! Let's take a look at a few highlights together. ✧ The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the aim to make South Korean sanctions more effective and improve the country’s cybersecurity. ✧ The G20 countries are actively discussing a global framework for crypto assets under India’s presidency, Finance Minister Nirmala Sitharaman has revealed. “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets,” she emphasized. ✧ Tharman Shanmugaratnam, the former deputy prime minister and central bank chairman of Singapore, has been elected as the new president of the country. The Singaporean president-elect, who advocates for a single regulatory system for both crypto and traditional finance, wants to make sure that everyone is aware that there is “one regulatory system for everything.” He emphasized: “If you’re outside of the regulatory system, buyer beware.” #Seoul #India #Singapore

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Rune Christensen, a co-founder of Maker, the Ethereum-based stablecoin protocol, has proposed to reimplement the protocol on a new chain forked from Solana. This move would be the final part of “Endgame,” an update to the protocol that seeks to grow the stablecoin dai by enhancing “efficiency, resilience, and participation.” ✧ Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has predicted that the price of bitcoin could “follow the path of the Nikkei, which reached a 33-year high in June.” He highlighted that the largest crypto “has had a close directional relationship with the Nikkei 225.” ✧ According to Joonatan Lintala, the co-founder and CEO of Phaver, the limited progress of the technology behind Web3 social media platforms is one of the reasons why prospective users are reluctant to try them out. Lintala also added that “none of the current generation Web3 protocols are yet ready to support multi-million user levels.” #Maker #Ethereum #Solana #Nikkei #Web3

Weekly Development Report📍 NewsCrypto 🦾 Updates to our AI tools 📰 250+ new Newsletter subscribers 🤝 Exciting new partnerships brewing Mercury Trade 🏁 Ended $10k trading challenge 📈 Onboarded 4 new traders to the platform 🔧 Updates to Mercury Trade AI Traders 🌐 Planning new events for September

Hello NWC Fam! Let's take a look at a few highlights together. ✧ The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section titled “Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy” shows that Bankman-Fried reportedly received more than $1 billion in cash transfers in the year before FTX’s collapse. ✧ A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a failed attempt by former crypto mogul Sam Bankman-Fried to help Musk’s acquisition of Twitter. ✧ A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over the securities regulator. #ElonMusk #SBF #FTX #US #SEC

GM Folks! 🌟 New week, new insights. Await our Weekly Bitcoin analysis and catch our Weekly Development Highlights. Keep following for updates! 📊

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Online broker Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S. government after the bankruptcy of SBF’s businesses. ✧ In a recent submission to the U.S. Securities and Exchange Commission (SEC), Bitwise has decided to retract its registration for its Bitcoin and Ether Market Cap Weight Strategy exchange-traded fund (ETF). The reasoning behind this action remains unknown, but Bitwise’s chief legal officer, Katherine Dowling, briefly noted that the company has postponed plans to launch the fund. ✧ Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and its significant impact on the NFT marketplace. ✧ U.S. Securities and Exchange Commission’s former chairman Jay Clayton has explained why he believes the approval of a spot bitcoin exchange-traded fund (ETF) is inevitable. “It is clear that bitcoin is something that retail investors want access to, institutional investors want access to,” he stressed. #Robinhood #SBF #FTX #US #SEC #ETF #NFT

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Arkham Intelligence, a crypto analytics and data tracking agency, reportedly pinpointed the ethereum (ETH) holdings of Grayscale for its Ethereum Trust. Arkham reveals that Grayscale’s ether stash is spread across 500 distinct addresses. Arkham has identified the Grayscale Ethereum Trust onchain, the firm posted to the social media platform X. It is now the second largest ETH entity globally with $5B in ETH. This had not been previously reported or publicly identified. ✧ The U.S. Court of Appeals, District of Columbia Circuit (Court) unanimously granted Grayscale’s petition for review of the Securities Exchange Commission’s (SEC) denial of Grayscale’s Bitcoin Exchange Traded Product (Grayscale ETP) and vacated the SEC denial order. ✧ The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use their digital cash to renew driver’s licenses and plates. ✧ Meta’s Horizon Worlds, the metaverse flagship app of the company formerly known as Facebook, is reportedly getting legs as part of users’ avatars in the coming weeks. The functionality is already present in a public test version of the app, but it is only present in Horizon Home, the default space of each user. #Arkham #Grayscale #Ethereum #US #SEC #ETP #PayPal #Meta

GM Fam! ☀️

Hello NWC Fam! Let's take a look at a few highlights together. ✧ In the 18 months between Nov. 2021 and May 2023, the proportion of Turkish adults who invested in cryptocurrencies grew from 40% to 52%, data from the latest Kucoin report has shown. The report also revealed that 54% of Turkish adults who invested in crypto for the first time in the past year were under the age of 30. ✧ Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services and leverage it as a digital representation of the U.S. dollar for payments and savings. ✧ Binance has announced the launch of “Send Cash,” a Latam-focused remittance service. The newly launched tool will allow users in nine countries in the region to send crypto to bank accounts of friends or family in Argentina and Colombia directly, bypassing third-party intermediaries. #Turkey #Circle #USDC #Binance

1/🚫SEC delays decision on all spot bitcoin ETFs, including from giants like BlackRock and Fidelity, until October.

GM Fam☀️

Hello NWC Fam! Let's take a look at a few highlights together. ✧ According to Edward Hong, the chief platform officer (CPO) at the early-stage venture firm Hashed, South Korea’s decision to delay putting in place a comprehensive crypto regulatory framework seems to be more of a strategic move rather than hesitation. ✧ Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country. ✧ The premium on crypto assets listed on South African exchanges briefly surged to 3.5% after Kraken’s abruptly started blocking deposits from users based in the African country. Some South African crypto experts have linked Kraken’s decision to the Financial Action Task Force’s recent addition of the African country to its greylist. #SouthKorea #Binance #Kraken

GM Everyone! 🌅 Big news from @PlatformMercury : their trading showdown is about to end with a whopping $10k for the winner. 🎉 Mark your calendars for fresh competitions and events in September!

📢NEWS FLASH: Spot #Bitcoin ETFs set for approval this fall, says CNBC Markets Analyst.🚀 $BTC

GM world! Except you, Gary Gensler. Feeling the heat? #FireGaryGensler 🤡

🚨 #BlackRock, one of the world's largest investment firms, is making significant moves in the #Bitcoin mining sector! A thread 🧵

Weekly Development Report 📍 #NewsCrypto: 🔧Minor platform updates 🦾AI tools updated 🐳Minor fixes on Whale alert and Moonlines 🤝Live events plan (conferences) -> new partnerships? 🧐😉 🗞200+ New Newsletter subscribers @PlatformMercury : 🏁Finished week 3 of trading competition 🛠Just started internal testing of new functionalities on the platform 📊Minor chart update 🌍1 partnership confirmed 📈New marketing plan for the rest of Q3 was made

1/ Bitcoin Weekly Time Frame: Bitcoin shows indecision on a weekly time frame. Though bears had a slight edge, it's fair to say both bulls and bears were balanced. 🐂🐻

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat currencies are also restricted for them. ✧ At least two major crypto exchanges followed Binance by excluding Russian banks under international financial sanctions from their payment options. Tinkoff Bank and Sberbank are no longer available on the list of peer-to-peer (P2P) transactions on Bybit and OKX. ✧ India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.” ✧ Robinhood revealed to be third-largest bitcoin holder with $3 billion in BTC. Investing and trading platform Robinhood holds over $3 billion in bitcoin (BTC) in a single wallet that attracted the holdings over several months, wallet data from Arkham Intelligence shows. This makes it the third-largest bitcoin holder behind crypto exchanges Binance and Bitfinex, which hold $6.4 billion and $4.3 billion worth of tokens on single wallets respectively. #Binance #OKX #Bybit #Russia #India #Robinhood #BTC

GM! 🌞 Hope you all had a refreshing weekend! Ready to dive into this week's Bitcoin update and our Weekly Development Report? Let's kick off the week on a high note. Stay with us! 🚀

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Following the recent Kroll cybersecurity breach, bankrupt crypto exchange FTX has temporarily suspended accounts of impacted users accessing its claims portal. ✧ OnlyFans (adult content subscription service) allocated a portion of its working capital and acquired $19.9m worth of Ethereum. Based on their financial report, this investment has incurred an impairment loss of $8.5m as of November 30, 2022, leaving the company with a carrying amount of $11.4m. ✧ JPMorgan's latest research suggests that the recent downturn in the cryptocurrency market may be ending. They believe that most long-position liquidations have already occurred, as indicated by declining open interest in Bitcoin futures contracts on the CME. #FTX #Binance #JPMorgan

GM Fam! ☀️

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Mastercard and Binance are ending their partnership for crypto cards. ✧ The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed, with the finger pointed at three rogue ex-team members. ✧ Crypto asset management company Hashdex has joined the competition for a spot Bitcoin exchange-traded fund (ETF) in the United States. The firm has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin futures ETF that will hold spot Bitcoin. ✧ Crypto exchange Binance has replaced the names of cards issued by Russian banks with colors, Russian media revealed amid reports of a U.S. investigation into potential sanctions violations. The changes concern the ruble exchange feature on Binance’s peer-to-peer platform. #Mastercard #Binance #PEPE #US

GM Fam! ☀️

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Israeli police accuse crypto businessman Moshe Hogeg of $290 million fraud. ✧ The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. ✧ The U.S. Securities and Exchange Commission said on Aug. 23 that it had charged a former New Jersey correctional officer “with fraudulently raising funds through the unregistered offering of the blazar token.” The Commission said the correctional officer’s scam was primarily targeted at law enforcement agents and first responders. #TornadoCash #US #SEC

📢 Tether's latest transparency report reveals: -Total assets: $86.1B 📊 -Total liabilities: $82.8B 📉 -Liquidity cushion: $3.3B 💰 #Solana leads in pre-authorized issuance at $1.57B. Despite past concerns, #Tether maintains over 100% reserve backing. #USDT #CryptoNews

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Lawyers for Sam Bankman-Fried claim the FTX founder, who has fallen from grace, based his business decisions on legal advice from company attorneys before the cryptocurrency exchange’s downfall. ✧ Binance is discontinuing its crypto-backed debit card in Latin America and the Middle East. ✧ FTX wants to return funds to creditors in fiat currency rather than bitcoin (BTC) or ether (ETH) – but hopes careful trading can avoid denting the value of over $3 billion in crypto holdings. ✧ Solana Pay is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday. ✧ FTX is piling up as much as $1.5 million a day in bills as lawyers and other professionals pick through the ashes of the global exchange. The increasing cost was a point of contention at a bankruptcy hearing on Wednesday, with the creditors’ committee decrying the current rate of spending. #SBF #FTX #Binance #Solana #USDC

🚨 #SECvRipple Update: Key attorneys from the SEC side have exited the case. Meanwhile, both parties are bolstering their legal teams. Ripple CEO, Brad Garlinghouse, welcomes Attorney Michael A. Schulman, while the SEC adds Marc J. Jones & Peter Bryan Moores. 🏛 #CryptoNews Stay tuned for further updates!

#Balancer took care of spicy morning news!🌶️ It found a "critical vulnerability" in over 100 of its v2 pools across eight blockchains! What should you do? Let’s dive in🤿

🔍 Bitcoin's resilience shines! Even with BTC price dropping, mining difficulty surged 6.17% to a record high. This indicates that miners see profitability and have faith in the network's strength. Remember, fundamentals often speak louder than price action. 💪

🚨 BREAKING! 🇺🇸 In the dimly-lit streets of Crypto City, US SEC might embrace #Ethereum Futures ETFs. 🌙 Gather 'round, gumshoes. A thread 🧵

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Coinbase is buying a minority stake in Circle Internet Financial and the companies are dissolving their Centre Consortium partnership that had issued USD Coin (USDC), the world’s second-largest stablecoin. ✧ Australia-Based crypto lender platform Helio sentenced for false credit license claims. ✧ Thailand’s Ministry of Digital Economy and Society (DES) has told Meta's (META) Facebook to curb the number of fraudulent crypto investment scams being advertised on the site, or risk being expelled from the country. ✧ The U.S. Department of Justice and Sam Bankman-Fried filed competing sets of jury instructions for the October trial of the FTX founder a day before he is set to be arraigned on a new superseding indictment. #Coinbase #Circle #USDC #Australia #Meta #US #FTX

GM Folks!🌞

Weekly Development Report📍 📰 300+ new Newsletter subscribers 🌐 Reorganization of Community Management 🌍 Live educational event was held in Africa 🔧 Everything ready for expansion of platform functionality 🆕 Got some patches and fixes done 💪 Expansion of customer support team

🚨 As you already know, #Bitcoin dumped aggressively, and we warned you just before the cascade of liquidations happened. But don’t fret, we're here to break down everything we discovered to help you predict the next move.🧵 /NwcPublic/status/1692170877692244097?s=20

GM!☀️ Kickstarting the week with Bitcoin's weekly stats and our Weekly Development Report. And, of course, the latest from the crypto universe. Stay updated! 🌐

twitter.com

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Ethereum developers plan to roll out a new testnet named Holesky, intending to bring 1.6 billion Holesky testnet ether to the network. The core devs of Ethereum highlighted that 1.4 million validators were evaluated for Holesky, with the aim of enhancing the blockchain’s comprehensive development. ✧ Cryptocurrency traders suffered $1 billion of losses in liquidations on August 18, according to Coinglass data, as digital-asset markets suffered one of their worst sell-offs of the year and bitcoin's price fell to a two-month low. ✧ An unknown single trader, or a trading entity, lost $55 million on an ether trade against Binance usd (BUSD) on crypto exchange Binance as crypto markets plunged suddenly late on Thursday, data shows. ✧ Cryptocurrency exchange Gemini has filed a reply brief as part of its efforts to dismiss the lawsuit it is facing against the United States Securities and Exchange Commission (SEC). #Ethereum #Holesky #BUSD #SEC #Gemini

x.com

GM fam! 🌅 Hope your weekend is all shades of awesome. At Newscrypto, our grind doesn't stop. We're dedicated to elevating your experience. The excitement resumes tomorrow. Be ready! 💡

x.com

Hello NWC Fam! Let's take a look at a few highlights together. ✧ According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable steps” to ensure compliance with the travel rule. ✧ The cybercrime fighting unit within the Philippines National Police has asked residents to be wary of rewards promised by play-to-earn (P2E) games because they can be used to steal crypto assets worth millions of dollars. ✧ Spacex reportedly wrote down the value of its bitcoin holdings by $373 million over the past two years and sold an undisclosed amount of the cryptocurrency. ✧ Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. #UK #Philippines #Spacex #Dubai

x.com

GM folks! 🌅 Sam Bankman-Fried's new definition of "work from home" is getting out of jail for 5 weekdays. 😅 What do you think?

x.com

Bitcoin is holding $26k as support! What’s $BTC and $ETH it going to do next? Let’s dive in! 🤿👇

twitter.com

Hello NWC Fam! Let's take a look at a few highlights together. ✧ Argentines are flocking to purchase stable coins to protect their savings as the peso loses value. Local cryptocurrency sources reported an increase of up to 500% in the crypto volumes moved, mostly in stable coins like USDT, to shield incomes against the raging devaluation registered after the victory of the libertarian candidate Javier Milei in the primary elections. ✧ U.S.-based asset manager Valkyrie is requesting regulatory approval from the U.S. Securities and Exchange Commission (SEC) for an ether futures exchange-traded fund (ETF). The move follows the acceptance by the SEC of Valkyrie’s application for a spot bitcoin ETF last month. ✧ District Judge Analisa Torres has granted the request by the U.S. Securities and Exchange Commission (SEC) seeking to file an interlocutory appeal in the Ripple case over XRP. Judge Torres’ approval came one day after Ripple Labs filed its objection to the SEC’s request. #USDT #SEC #ETF #US

twitter.com

GM! 🌅 Wild night in the crypto realm! A whopping $769M liquidated in a mere 30 mins. Our pro analyst saw it coming in yesterday's thread. Revisit the thread for insights.

twitter.com

Bitcoin fell below $29k! What’s it going to do next? Let’s take a look at liquidation prices across #Binance, #OKX and #ByBit.

twitter.com