Faizan

@faizco

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🚨🇺🇸 INDIANA MAN FOUND GUILTY IN 2017 MURDERS OF TEEN GIRLS Richard Allen, a former drugstore worker in Delphi, Indiana, was convicted of murder on Monday for the 2017 killings of Abigail Williams, 13, and Liberty German, 14. Allen was found guilty of two counts of murder and two counts of murder with attempted kidnapping. In court, Carroll County Prosecutor Nicholas McLeland presented Allen’s repeated confessions and evidence linking an unspent bullet found at the scene to Allen’s gun. Allen, 52, is scheduled for sentencing on December 20, facing up to 130 years in prison. Source: Associated Press

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WazirX Users Prepare To Launch Class Action Lawsuit WazirX lost $230M in July's hack, and now, burned users are striking back, ready to take legal action against India’s biggest crypto exchange. Around 30 victims are joining forces to hit up the National Consumer Disputes Redressal Commission by November, demanding a full recovery of their lost $600K in assets. The exchange promised a partial 55% payout in September but, especially after it was noted the exchange moved assets via Tornado Cash, the victims weren't happy to accept the offer. Source: Bitcoinist

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🇺🇸BIDEN: HURRICANE MILTON CAUSED $50B DAMAGE President Joe Biden announced Friday that Hurricane Milton caused an estimated $50 billion in damage and killed at least 16 people. Biden emphasized that the federal government is "providing all the resources needed" for recovery and praised first responders, power line workers, and volunteers efforts. He warned that federal disaster funds may run out before the end of the hurricane season and pledged to request additional funding from Congress. Biden also highlighted cooperation with Florida Governor Ron DeSantis, stating, "DeSantis has been very cooperative." In response to political attacks from Donald Trump, Biden criticized the former president’s comments, calling them "so damn un-American." Sources: The Guardian, ABC New

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🚨 HBO DOCUMENTARY CLAIMS PETER TODD IS SATOSHI NAKAMOTO HBO’s Money Electric: The Bitcoin Mystery names Bitcoin developer Peter Todd as Satoshi Nakamoto. Filmmaker Cullen Hoback presents evidence linking Todd to Bitcoin’s early development, including his cryptography work and posts on BitcoinTalk. Todd called the claims “ludicrous,” denying involvement in Bitcoin’s creation or destroying access to Satoshi's 1.1 million Bitcoin. The theory has sparked debate within the crypto community. Source: Forbes

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🚨🇺🇸 JUDGE APPROVES FTX’S $16.5B BANKRUPTCY PLAN APPROVED A Delaware judge has approved FTX’s $16.5 billion bankruptcy plan. The plan includes settlements with creditors and government agencies. It aims to repay 98% of customer funds within 60 days. Source: Economic Times

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🚨 FAKE WALLETCONNECT APP SCAMS 10,000 USERS A fake WalletConnect app on the Google Play Store scammed users out of $70,000 before being removed. The app was downloaded by over 10,000 users, with 150 victims falling prey to the phishing scheme, which tricked them into authorizing transactions that granted hackers access to their funds. Cybersecurity experts advise enabling multi-factor authentication and checking reviews before downloading apps. Source: Checkpoint Research

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🇺🇸 𝙆𝘼𝙈𝘼𝙇𝘼 𝙃𝘼𝙍𝙍𝙄𝙎 𝘾𝘼𝙇𝙇𝙎 𝙁𝙊𝙍 𝙐.𝙎. 𝙇𝙀𝘼𝘿𝙀𝙍𝙎𝙃𝙄𝙋 𝙄𝙉 𝘽𝙇𝙊𝘾𝙆𝘾𝙃𝘼𝙄𝙉 𝘼𝙉𝘿 𝘿𝙄𝙂𝙄𝙏𝘼𝙇 𝘼𝙎𝙎𝙀𝙏𝙎 In a speech to the Economic Club of Pittsburgh, Kamala emphasized the need for U.S. dominance in blockchain, AI, and digital assets. Her 80-page economic plan focuses on creating a "safe business environment" for emerging technologies, contrasting with Donald Trump’s pro-crypto stance. While the crypto industry welcomes this shift, analysts expect mixed market reactions. 𝙎𝙤𝙪𝙧𝙘𝙚: The Block

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🇯🇵 𝙉𝙄𝙉𝙀 𝘾𝘼𝙉𝘿𝙄𝘿𝘼𝙏𝙀𝙎 𝙑𝙄𝙀 𝙏𝙊 𝙍𝙀𝙋𝙇𝘼𝘾𝙀 𝙅𝘼𝙋𝘼𝙉'𝙎 𝙋𝙈 𝙆𝙄𝙎𝙃𝙄𝘿𝘼 Japan’s ruling party faces a heated contest with nine candidates competing to succeed Prime Minister Fumio Kishida. Leading figures include Shigeru Ishiba, Shinjiro Koizumi, and Sanae Takaichi. With no clear majority expected, a runoff seems likely. The outcome will play a key role in shaping Japan’s future amid significant economic and security challenges. 𝙎𝙤𝙪𝙧𝙘𝙚: Reuters

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🚨🇺🇸 SEC CHAIR BLASTS CRYPTO: “RIFE WITH FRAUD AND MISCONDUCT” SEC Chair Gary Gensler has condemned the crypto industry, calling it a haven for “fraud, hucksters, and grifters.” He claims many firms are dodging regulations, leading to significant investor losses and damaging trust in financial markets. Gensler argues, that without tighter oversight, the industry’s unchecked practices could have lasting consequences for the broader financial system. Source: BBC

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🚨🇺🇸SEAN ‘DIDDY’ COMBS MOVED TO SAME JAIL AS SAM BANKMAN-FRIED Sean ‘Diddy’ Combs has been transferred to the same Brooklyn Detention Center unit as former FTX CEO Sam Bankman-Fried. Both are housed in a special section designed for high-profile individuals requiring extra protection. Combs, facing charges related to conspiracy and sex trafficking, was moved following his recent arrest. Source: NBC New York

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🚨🇺🇸 SEC’S CRYPTO RULES FACE PUSHBACK FROM CONGRESS Republican lawmakers are pushing back against the SEC’s crypto accounting rules, urging the agency to reconsider. These rules, which require companies to report crypto as liabilities, are causing concern among investors. Critics argue that the regulations could stifle innovation and damage liquidity in the crypto market. Source: Axios

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🇺🇸 SEC APPROVES OPTIONS TRADING FOR BLACKROCK’S BITCOIN ETF The SEC has finally approved BlackRock’s request to list and trade options for its spot Bitcoin ETF, a move expected to boost liquidity. Nasdaq ISE will facilitate these trades, marking another milestone for crypto in mainstream finance. Analysts expect other major firms like Grayscale and Bitwise to follow soon with their own options. Source: The Block

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🇺🇸 NON-DOLLAR STABLECOINS READY TO TAKE OFF Cuy Sheffield from Visa predicts a rise in non-dollar stablecoins. Right now, USD-backed coins like USDT and USDC dominate 99% of the market. Sheffield believes non-dollar stablecoins will soon challenge this dominance. More currency options could increase global crypto adoption. These stablecoins will offer users more choice, decentralizing the market and potentially reshaping how stablecoins are used. Source: The Block

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🇺🇸 FTX FINALIZES $600M ROBINHOOD SHARE TRANSACTION FTX secured a deal involving $600 million in Robinhood shares with Emergent Technologies. FTX paid $14 million to settle Emergent’s claim for 55 million shares, streamlining Emergent’s bankruptcy process in Antigua and reducing FTX’s legal challenges. The shares, originally linked to Sam Bankman-Fried, were resold to Robinhood for $606 million. A related court hearing is set for October 22. 🌐Sources: Cointelegraph

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🇺🇸 50 BASIS POINTS FED RATE CUT MAY IMPACT BITCOIN A potential 50 basis points rate cut by the Federal Reserve. Signals severe economic concerns, possibly affecting risk assets like Bitcoin negatively. According to research from 10x, despite appearing bullish. Such a rate cut may lead to a sell-off as investors prepare for more economic instability. 🌐Source: CoinDesk

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🇮🇳 INDIA TO RELEASE CRYPTO REGULATION PLANS SOON India will publish a consultation paper by September-October 2024, seeking public input on crypto regulations. Currently, there’s a 30% tax and 1% TDS on crypto transactions. Will new rules boost the market or tighten restrictions? 🌐Source: Bitcoin•com

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🔸 CZ MOVED TO HALFWAY HOUSE AND NEARS END OF SENTENCE CZ, the founder of Binance, has moved from prison to a halfway house, nearing the end of his sentence on September 29. As CZ approaches release, he faces a new lawsuit accusing Binance of inadequate anti-money laundering practices that allegedly facilitated criminal activities. 🌐Source: Protos

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Minted Owly Zerion

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https://wallet.coinbase.com/nft/mint/daylightenergy

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🇺🇸 Marathon Digital to Raise $250M: Marathon Digital Holdings plans to raise $250 million by selling special notes. They want to use the money to buy more Bitcoin and for general company needs. These notes will need to be paid back by 2031 and can be exchanged for cash, shares of Marathon's stock, or a mix of both. Currently, Marathon Digital Holdings already owns about 12,964 Bitcoin, and they want to use the extra $250 million to increase their Bitcoin holdings and strengthen their position in the cryptocurrency market.

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