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Max Spxtr

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The total active accounts on $SUI surpassed 26M 🚀
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#Bitcoin ETFs bought over $1.38 billion in 3 days this week, making it the most significant #ETF week in 4 months Whales 🐋 are buying!
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In a recent move, WazirX has taken down a YouTube video where the management claimed to share 100% profits from any crypto price appreciation in future with users. In the one-hour town hall session broadcast yesterday (October 4), WazirX cofounder Nischal Shetty and George Gwee, director of Kroll, the legal entity managing the crypto exchange’s restructuring after its INR 2,000 Cr heist, addressed questions from affected users.
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Bitcoin may have trouble sustaining its bullish trend due to increased selling pressure from some whales. This comes as the crypto community is eagerly anticipating more gains for Bitcoin during the month of October, often referred to as "Uptober." According to recent data by Whale Alert, a BTC whale moved 3,333 BTC (worth approximately $213 million) from his private wallet to Coinbase. The transfer indicates that the whale is planning to sell the coins in order to book profits, as Bitcoin is still on highs compared to previous levels seen in the last couple of months. While selling for profit is common among investors, such large transactions can create short-term market pressure. Despite this, it is not necessarily negative for the overall market outlook.
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Bitcoin has failed once again to prove itself as a digital version of gold as Iran's missile attack on Israel has sent the cryptocurrency market into freefall. Overnight, Iran launched around 200 missiles at Israel in response to the killing of Hezbollah leader Hassan Nasrallah and others. Many of the missiles were intercepted by Israel's iron dome defense system but some hit the ground, including in West Bank. But the conflict is far from over. Iran's Islamic Revolutionary Guard Corps claimed responsibility for the attack, warning that further Israeli retaliation would trigger more strikes. Israel has vowed to respond, with Prime Minister Netanyahu warning that Iran "made a big mistake" and will face consequences.
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The price of bitcoin was last lower by 3.7% at $63,451.12, after briefly reclaiming the $65,000 level last week, according to Coin Metrics. In crypto stocks, Coinbase slid 6.8% and MicroStrategy fell 4.3%. For the month, bitcoin finished its strongest September since 2012 with a 7.9% gain and its second positive September — historically the cryptocurrency’s weakest month — in a row. It posted a quarterly gain of 2.8%. Coinbase finished the month down 2.8% and the quarter down 20%. Some analysts see that downtrend continuing in the coming weeks. It also posted back-to-back quarterly losses for the first time since the first half of 2022 and the worst quarterly performance since the fourth quarter of 2022.
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Jones argued that the token could reach astonishing price levels, depending on the amount of assets issued on its network. He explained that XRP serves as a financial instrument of liquidity between other assets like bonds, stocks, and currencies, which could significantly increase its value as more assets are transacted on its system.He emphasized that XRP’s value is directly tied to the volume of equity and debt issued on its network. The more financial instruments it supports, the higher its potential worth. Jones noted that XRP could theoretically reach $100, $100,000, or even $1,000,000, depending on the scale of transactions conducted on the platform.
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Real-world asset tokenization (RWA) is the new trend in the virtual economy. The RWS tokenization space is currently being occupied by Rexas Finance (RXS), which is on a mission to democratize RWA tokenization. Rexas Finance combines simple and easy-to-use management systems with effective instruments for creating, managing, and trading asset-backed tokens, thereby defying the barriers of borrowing and investing for common users and institutional investors through easy tokenization and trade in tangible assets.
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Cryptocurrency exchange Bybit announced on Friday that it has received a full license from the Astana Financial Service Authority (AFSA) in Kazakhstan. This license allows Bybit to operate as a regulated market institution, marking a significant step in its global expansion efforts and cementing its role in the Commonwealth of Independent States (CIS) region.
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A Singapore court has granted Indian cryptocurrency exchange WazirX a four-month moratorium based on certain conditions on Thursday, the company said in a statement shared with CoinDesk. The conditions imposed on WazirX include revealing the addresses of its Wallets through a court affidavit, responding to users' queries, revealing its book of accounts within six weeks, and ensuring that any future voting on the way ahead is conducted on an independent platform. WazirX, which lost $234 million in a hack, some 45% of customers' funds, had filed an application with the Singapore High Court for a six-month moratorium.
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According to a crypto analyst, the United States Federal Reserve’s move to lower interest rates was already priced into the crypto market, signaling that now might be the time to consider potential selling opportunities. “The Fed put has also been anticipated by rate markets: in a sense, last week, the Fed was catching up with market expectations,” blockchain analytics firm Nansen principal research analyst Aurelie Barthere wrote in a Sept. 23 report shared with Cointelegraph.
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Bybit worked with Malaysia-based ICO Shariah Advisory Services Sdn. to ensure the accounts were fully compliant with Shariah principles. These accounts will be available to Muslims globally and will offer services such as spot trading, spot grid bot, DCA trading bot, and ICOs. Spot grid bots place buy orders below—and sell orders above—the reference price, with the difference between the buy and sell orders being the profit. DCA bots, on the other hand, purchase a set amount of a set crypto at regular intervals, suiting specific risk tolerance profiles. The exchange further pledged to practice ethical financial practices, such as committing to not comingling funds and a transparent fee structure that offers straightforward trading.
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The state of Louisiana becomes a pioneer in the United States by officially accepting Bitcoin and other cryptocurrencies for public service payments. This initiative, aimed at offering more flexibility to citizens in their interactions with the administration, marks a turning point in crypto adoption. By allowing residents to pay their taxes and administrative services with cryptos, Louisiana hopes to attract a young and tech-savvy population. This decision could influence other American states and governments worldwide to integrate cryptos into their economic systems, reinforcing their legitimacy and paving the way for clearer regulation.
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ERC-20 projects use a common standard on the Ethereum blockchain. Chainlink provides oracle services for these projects. Its strong development activity suggests continued improvements in its services. The market capitalization of LINK, currently 18th in the market, may not yet fully reflect this potential. With a price of $11.39, the token could thus experience significant appreciation if development activity translates into concrete adoptions. Chainlink, as the leader of ERC-20 projects, strategically positions itself at the intersection of several major trends. Its expertise in decentralized oracles makes it an essential player for smart contracts and decentralized applications (DApps).
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BingX has temporarily suspended withdrawals following a suspected hacker attack on its hot wallet, with blockchain analysts estimating losses exceeding $40 million. Singapore-headquartered crypto exchange BingX has paused withdrawals after detecting a suspected hacker attack on its hot wallet, with blockchain analysts estimating losses surpassing tens of millions of dollars. In an X post on Sept. 20, BingX’s chief product officer Vivien Lin said that the breach occurred at around 4 a.m. Singapore time on Sept 20, prompting the company to launch an “emergency plan.”
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The official YouTube channel of the Supreme Court of India was hacked on Friday. The channel, which is typically used to live stream hearings of Constitution Bench cases and matters of public interest, is now showing videos promoting XRP, a cryptocurrency developed by the US-based company Ripple Labs. Following the hacking of Supreme Court's YouTube channel, the channel has been taken down.
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Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half-percentage-point reduction in interest rates, the first in more than four years. The price of bitcoin was recently higher by 5% at $63,255.00, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, similar to stocks, initially jumped and then pulled back as traders absorbed the news.
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🇺🇸 US SEC has Charged DeFi Platform Rari Capital Rari Capital and its founders were accused of misleading investors and operating as unregistered brokers. The charges relate to their two blockchain investment platforms, which once held over $1 billion in crypto assets.
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Crypto exchange Binance has alleged that WazirX cofounder Nischal Shetty is trying to “falsely implicate” Binance in the $230 Mn crypto heist at the Indian crypto platform. In a lengthy blog post, Binance claimed that Shetty made “several inaccurate statements” in sworn affidavits before the Singapore High Court (HC) in connection with the ongoing dispute between Zettai (which holds the shares in WazirX parent Zanmai Labs) and Binance.
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Japan is reportedly considering whether to loosen its rules for the crypto industry. This consideration is being driven in part by a growing number of Japanese firms that are exploring blockchain-related initiatives, Bloomberg reported Tuesday (Sept. 17). Prime Minister Fumio Kishida has prioritized Web3, but his tenure is nearing an end, and it is not known if any of those who aim to succeed him favor regulatory adjustments in this field, according to the report.
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