Market Update September 20
Reading Time: < 1 minuteThe past week in the cryptocurrency market has been eventful, to say the least.
Terraform Labs Receives Approval to Shut Down Operations
Reading Time: < 1 minuteTerraform Labs was granted court approval to dissolve its operations in bankruptcy yesterday.
Germany Shuts Down 47 Crypto Exchanges
Reading Time: < 1 minuteThe German government has closed down 47 cryptocurrency exchanges, accusing them of facilitating an illicit economy for cybercriminals to thrive in.
BingX Loses $43M in Hacker Attack
Reading Time: < 1 minuteBingX, a cryptocurrency exchange based in Singapore, has acknowledged that it experienced a loss of assets after noticing unusual outflows from its hot wallet on Sept. 20.
Nosana Announces “Road to Mainnet” with January 2025 Launch
Reading Time: 3 minutesAmsterdam, Netherlands, 20th September 2024, Chainwire
Polkadot Upgrades with “Agile Coretime”, Transforming Resource Allocation and Unlocking a New Era of Efficiency and Scalability for the Ecosystem
Reading Time: 3 minutesZug, Switzerland, 19th September 2024, Chainwire
Crypto Content Creator Campus (CCCC) Launches as the Premier Annual Gathering for Crypto Influencers
Reading Time: 2 minutesDubai, United Arab Emirates, 19th September 2024, Chainwire
Silvergate Capital Files for Bankruptcy
Reading Time: < 1 minuteSilvergate Capital Corporation has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware.
Solana Unveils its New Smartphone
Reading Time: < 1 minuteSolana has recently unveiled its latest smartphone, the “Seeker,” which will not solely rely on free memecoins.
Revolut Plans to Issue its Own Stablecoin
Reading Time: < 1 minuteFintech company Revolut plans to launch its own stablecoin.
MatrixPort and exSat establish Comprehensive Strategic Partnership to Drive Bitcoin Ecosystem Innovation
Reading Time: 3 minutesSingapore, Singapore, 18th September 2024, Chainwire
Unique Network Leads the Way in Cross-Chain NFT Transfers on Polkadot
Reading Time: 2 minutesSingapore, Singapore, 18th September 2024, Chainwire
CleanSpark Purchases 2 Mining Sites in Mississippi
Reading Time: < 1 minuteBitcoin miner CleanSpark has recently acquired two Bitcoin mining sites and accompanying land in Clinton, Mississippi, with a combined purchase price of $5.775 million.
Circle Launches USDC on Sui Network
Reading Time: < 1 minuteThe CEO of USDC issuer Circle, Jeremy Allaire, has announced that USD Coin (USDC) will soon be available on the layer-1 (L1) blockchain Sui network.
Australia’s Central Bank Starts Wholesale CBDC Program
Reading Time: < 1 minuteThe RBA has announced that it will be focusing on launching a wholesale CBDC rather than pursuing a retail CBDC in the near future.
The Sovereign Nature Initiative Releases DOTphin: Eco-Evolving Avatars On Polkadot at Token 2049 in Singapore
Reading Time: 3 minutesAmsterdam, Netherlands, 18th September 2024, Chainwire
Figure Markets Announces Global Launch, 8% Yield Opportunity
Reading Time: 2 minutesSingapore, Singapore, 18th September 2024, Chainwire
Sui to Launch Circle’s Native USDC and CCTP
Reading Time: 2 minutesSingapore, Singapore, 17th September 2024, Chainwire
tBTC Becomes the First Incentivized BTC Asset on EigenLayer
Reading Time: 2 minutesNew York, NY, 17th September 2024, Chainwire
Trump’s World Liberty Financial to Launch a Token
Reading Time: < 1 minuteThe team members responsible for the World Liberty Financial crypto project, which has been endorsed by former President Donald Trump and his sons, has confirmed their plans to launch a governance token called WLFI.
Fed’s Rate Cut Will Boost Bitcoin: Bitwise
Reading Time: < 1 minuteThere is widespread anticipation that the US Federal Reserve will make its first benchmark rate cut in four years this week, leading to speculation about the potential size and impact of the cut on risk assets such as Bitcoin.
MicroStrategy Plans to Raise $700M to Buy Additional Bitcoin
Reading Time: < 1 minuteMicroStrategy has recently announced that it will raise $700 million through a new debt offering of convertible senior notes, which are set to mature in 2028.
Sui Becomes Official Blockchain Partner for ONE Championship
Reading Time: 2 minutesSingapore, Singapore, 17th September 2024, Chainwire
Exclusive $150K Presale: Bitlauncher Debuts Masterbots.ai, the Revolutionary AI Poised to Rival ChatGPT
Reading Time: 2 minutesPanama City, Panama, 16th September 2024, Chainwire
Sam Bankman-Fried Demands a New Trial
Reading Time: < 1 minuteFTX founder Sam Bankman-Fried has officially contested his conviction for fraud by appealing for a new trial.
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