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Pedro

@oscillator

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@oscillator
Whew, what's up?
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@oscillator
According to the US SEC, MicroStrategy purchased another 7,420 bitcoins between September 13 and September 19, worth approximately $458.2 million, with an average purchase price of $61,750. This latest acquisition coincided with the completion of MicroStrategy's $1.01 billion additional convertible bond issuance. MicroStrategy currently holds 252,220 BTC, worth approximately $15.8 billion, with an average purchase price of $39,266, and a total cost of approximately $9.9 billion.
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@oscillator
Only 42 tokens among the Top 300 on CoinMarketCap have outperformed BTC in 2024 Year-to-Date. 11 of the top 15 tokens are MEME. 20 tokens were listed on Binance last year or earlier, and 5 tokens listed on Binance in 2024.
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n response to the controversy caused by the recent listing of a large number of memecoins, Binance co-founder He Yi published a long article. She revealed that Binance’s listing process involves four stages: business development, research team evaluation, committee review, and compliance audit.
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@oscillator
TON Foundation and Curve Finance will incubate a new TON-based stable swap project. Leveraging Curve’s advanced CFMM technology, the project aims to simplify stablecoin swaps, enhance user experience, and minimize price impact. Michael Egorov, founder of Curve, will be the advisor.
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Michael Saylor announced that MicroStrategy plans to sell up to $700 million in senior convertible notes to fund the purchase of additional Bitcoin and the repurchase of debt. The private offering will be "subject to market conditions" and the notes will mature in 2028. As of June 2024, MicroStrategy's total debt has reached $3.9 billion.
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@oscillator
The ETH/BTC rate has fallen below 0.04, hitting a new low since April 20, 2021, temporarily reported at 0.03985. The rate reached a historical high of 0.1238 in January 2018 and a historical low of 0.01615 in September 2019.
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Circle announced that it will move Global HQ to New York City, building out a flagship space on one of the top floors of 1 World Trade Center. It said that while many people complain that the United States is hostile to industry, it still believes that we are at a turning point and that the United States is about to become a decisive leader.
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@oscillator
According to The Block, the U.S. SEC stated in a footnote in the proposed revised complaint against Binance that when referring to crypto asset securities, it does not refer to the crypto assets themselves, but to the full set of contracts, expectations and understandings for the sale of such assets. The U.S. SEC also stated that it would avoid using this abbreviation in the case against Binance.
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Binance announced the 58th project on Binance Launchpool - Hamster Kombat (HMSTR), a crypto game built on Telegram mini-app platform. Binance has recently frequently listed TON tokens, including Notcoin TON DOGS. Hamster Kombat rejected all VC investment intentions and said in July that its user base has exceeded 300 million. This number may contain a large number of robots.
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The British government introduced a bill in Parliament on Wednesday to clarify the legal status of digital assets (including Bitcoin and other cryptocurrencies and NFTs) and treat them as personal property. Once passed, the bill will create a third category of personal property.
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Glassnode: The relative influence of ETFs on the Ethereum market is equivalent to a range of ±1% of the spot volume, compared to ±8% for the Bitcoin ETF. The appetite for the Bitcoin ETF remains an order of magnitude larger than its Ethereum counterpart.
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a16z Crypto announced the 21 startups to join Crypto Startup Accelerator (CSX) Fall 2024 cohort, including Anera Labs, Banyan, Blocksense, Cork Protocol, Fermah, Future Primitive, MeshMap, Term Labs, zkSpin and more. a16z CSX invests a minimum of $500,000 in each company that’s accepted.
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Catizen, a TON mini-game invested by Binance, claims to have 34 million users in the six months since its launch and to be ranked first in revenue among all Telegram applications, with 800,000 paying users and an ARPPU of $33. The above data may be mainly driven by the volume of airdrops.
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QCP: Nvidia (NVDA) continued to sell off, weighing down on broader US equities indices and crypto prices. Even as crypto gapped lower overnight, the options market was relatively calm. The desk even saw large put selling through the session. We are observing front-end vols drifting lower as spot consolidates into the weekend.
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Telegram said it has reached 10 million paying users and will launch a new feature "Businesses Nearby", showcasing legitimate, verified businesses. These businesses will be able to display product catalogs and accept payments. Telegram said it will turn moderation on Telegram from an area of ​​criticism into one of praise.
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The United States announced that ADP added 99,000 jobs in August, the smallest increase since January 2021, with expectations of 145,000. The previous value was revised from 122,000 to 111,000. Additionally, in August 2024, U.S. employers announced 75,891 layoffs, the most in five months and the most layoffs in a single month since 2009 (excluding the 2020 pandemic-induced crash).
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The U.S. announced that the monthly rate of factory orders in July was 5%, the largest increase since July 2020. The number of JOLTs job vacancies in July was 7.673 million, with an expected 8.10 million and a previous value of 8.184 million. U.S. job vacancies in July fell to the lowest level since early 2021.
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According to BlockWorks, Matter Labs, the company behind ZKsync, will lay off 16% of its employees, or 24 employees, the first layoffs since the company was founded six years ago. The company behind ZKsync told Blockworks that the decision was made to make the team more "lean" as it moves into its next phase. Currently, the market value of ZK tokens is only 370 million, and FDV is 2.1 billion.
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QCP: Historically, September seasonality is bearish with 6 of the last 7 Septembers in the red and with an average return of- 4.5% (which would take us to ~55k if we see the same this month). We expect BTC to find strong support around 54k which is the level it bounced from in July before touching 70k.
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