audience statistics Telo News - Crypto | DeFi | Web3

Since the beginning of the war, more than 2000 civilians have been killed by Russian missiles, according to official data. Help us protect Ukrainians from missiles - provide max military assisstance to Ukraine #Ukraine. #StandWithUkraine

💌💌💌💌💌 ✔ This week's crypto market highlights: ⚫CZ to be released on September 29 ⚫TON, Curve partner for TON-based stable swap ⚫DBS Bank to launch OTC crypto options ⚫BlackRock and Microsoft to launch AI fund ⚫Fed cuts rates by 50bps ⚫Terraform Labs approved for shutdown ⚫SEC approves options on BlackRock Bitcoin ETF ▪ Telegram ▪ X  ▪ Community

Le Figaro reported that after the arrest of Pavel Durov in Paris, Telegram began responding to requests from French authorities and promised to cooperate with French justice. Following this, similar requests were made by the U.S., South Korea, and Belgium. Telegram has since provided information to assist in criminal investigations, including cases related to pedophilia, and has shown increased cooperation with judicial authorities, confirmed by Belgian prosecutors. ▪ Telegram ▪ X ▪ Community ▪ Source

💡💡💡 The SEC has approved options on Blackrock spot Bitcoin ETF. ▪️ Telegram ▪️ X ▪️ Community

The Bank of New York Mellon (BNY), the largest custodian bank in America, received exemption from the SEC's SAB 121 accounting guidelines for institutional crypto custody businesses. SAB 121 requires that entities who choose to custody crypto list the assets on their balance sheet and create a corresponding liability equal to the worth of the crypto. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Catizen (CATI), TON-based cat-raising game on Telegram, became the first cat-themed token to list on Binance. The price shot up over 30% in light of the listing. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Seven of the ten central banks overseeing the ten most traded currencies have recently cut interest rates, except for Norway, Australia, and Japan. June ⚫ Switzerland: -25bps August ⚫ United Kingdom: -25bps ⚫ Sweden: -20bps ⚫ New Zealand: -25bps September ⚫ Canada: -25bps ⚫ Euro zone: -60bps ⚫ United States: -50bps ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

MicroStrategy bought another 7,420 BTC for approximately $458.2m, bringing its total holdings to 252,220 BTC. The firm's BTC holdings have already achieved positive yields of 5.1% quarter-to-date (QTD) and 17.8% year-to-date (YTD). ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

BlackRock is reportedly preparing for a potential U.S. dollar crisis, warning that the $35tr debt pile could drive institutional interest in Bitcoin as a hedge. Following the Fed’s surprise 0.5% interest rate cut, Bitcoin surged past $62,000, with many seeing this as the start of a new bull run. BlackRock has highlighted Bitcoin as a unique diversifier against economic risks, as institutional adoption grows. ▪ Telegram ▪ X ▪ Community ▪ Source

Terraform Labs has received approval to shut down its operations in bankruptcy, allowing the company liquidate assets and repay eligible stakeholders. The preceding judge said it was better than further litigation. The defunct company must settle crypto claims before addressing SEC obligations. Losses are estimated between $184.5m and $442.2m (exact number unknown), in relation to the $40bn wiped out in the UST and LUNA collapse. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

The German government shut down 47 crypto exchanges, allegedly tied to illegal activity, arguing they failed to implement proper Know Your Customer (KYC) requirements. The government seized some customer and transaction data amid the investigation. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Gold hit a new all-time high, surpassing $2,609 per ounce. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

The SEC requested an extension to move the discovery deadline in the Coinbase lawsuit from October 18, 2024 to February 18, 2025. The request stems from the need to review over 133,000 documents related to Coinbase, giving the SEC more time to complete its probe. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Over the past 24 hours, over $200m was liquidated, with $155.5m attributed to short positions, as Bitcoin surged more than 6% and exceeded $63,300. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Canada's central bank has decided to abandon plans for a central bank digital currency (CBDC), known as the "digital loonie," after nearly five years of research, without specifying a clear reason. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Silvergate Capital, the parent company of crypto-focused Silvergate Bank, filed for Chapter 11 bankruptcy with listed assets between $100m and $500m and liabilities between $10m and $50m. Silvergate Bank settled with the SEC for allegedly helping facilitate fraud at FTX. That month, the Federal Reserve dropped separate charges after it wound down, reimbursed customers, and ceased banking. As part of its Chapter 11 bankruptcy, Silvergate's reorganization plan proposes fully paying several debts, including admin fees, taxes, and high-priority claims. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

MEXC Ventures, Foresight Ventures, and Mirana Ventures launched a joint fund to support projects within the Aptos ecosystem. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Donald Trump made a campaign stop at PubKey, a Bitcoin bar in New York City, and made his first BTC transaction to pay for his order. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

The state of Louisiana has become the first state to accept cryptocurrency as a valid form of payment Louisiana residents will have the option to pay for state services from their private, secure crypto wallets using Bitcoin, Bitcoin Lightning, and USD Coin. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

The Bank of Korea will launch a pilot for its central bank digital currency (CBDC) by the end of 2024. Starting with an initiative allowing 100k citizens to convert their bank deposits into digital tokens, which can be spent at convenience stores, including Nonghyup Hanaro Mart. Six major commercial banks and neobanks will participate in distributing the tokenized funds. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Commerzbank (CBK), the second-largest bank in Germany by number of branches, will launch a cryptocurrency service to corporate clients. Customers will be able to trade Bitcoin and Ether through the bank's partnership with Crypto Finance. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Federal Reserve Chairman Jerome Powell said that 17 out of 19 FOMC members are in favor of three or more rate cuts this year, with some even saying four or more rate cuts are necessary. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

The website domain of Ethena Labs, the issuer of the USDe stablecoin, was hacked. The team clarified that the protocol wasn't compromised but warned against interacting with its front-end. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

The active TON addresses outpaced those of other major L1 blockchains, including Tron, Ethereum, and Litecoin, reaching over 3m daily average users in the first week of September. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

The Hong Kong Monetary Authority (HKMA) reduced its base rate by 50bps to 5.25%, following a similar rate cut by the U.S. Federal Reserve. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Rari Capital, a DeFi platform, settled with the SEC for an undisclosed amount for allegedly misleading investors and acting as an unregistered broker. The SEC claims the co-founders misled investors, stating Earn pools would auto-rebalance, but manual adjustments were often needed and sometimes missed. The agency also claimed its Fuse platform resulted in Rari engaging in unregistered broker activity. Rari and its co-founders neither admitted nor denied the findings, and part of the settlement is an agreement to cease and desist from breaking securities laws in the future. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

💡💡💡 Fed cuts by 50 bps ▪️ Telegram ▪️ X ▪️ Community

Tether, the company behind stablecoin USDT, has released its Q2 2024 attestation report: ⚫️Reserves amounted to $118.4bn, exceeding liabilities by $5.3bn ⚫️Holds $97.6bn in U.S. Treasuries, making it the 18th largest holder, surpassing Germany, UAE, and Australia ⚫️Worked with 180 institutions in 45 jurisdictions globally, freezing around 1,850 wallets ⚫️Assisted in recovering over $113m in assets Tether also launched TetherFacts, dedicated to addressing public concern while displaying its lifelong accomplishments. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

SIX Swiss Exchange, Switzerland's largest stock exchange, is exploring the creation of a crypto trading platform in the EU, leveraging the country's advanced crypto laws to attract traditional investors. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

Revolut, a London-based fintech giant, is planning to launch its own stablecoin. The fintech giant, worth $45bn, received a national banking license in July, bringing it closer to becoming a fully licensed U.K. bank offering crypto services. The firm would join other entrants in the stablecoin sector, including PayPal, Ripple, and BitGo, which announced its stablecoin at Token2049 in Singapore. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source

FTX prosecutors praised Caroline Ellison for her "exemplary" cooperation ahead of her sentencing for fraud on Sept. 24. The U.S government highlighted her role in founder Sam Bankman-Fried's conviction, without recommending a specific sentence, but asked the judge to take her cooperation into account. ▪️ Telegram ▪️ X ▪️ Community ▪️ Source