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Sudeb

@sudeb99

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Sudeb
@sudeb99
BlackRock published a great Bitcoin report Key chart 📉: “BITCOIN’S LONG-TERM PERFORMANCE” The chart shows Bitcoin’s price movements from 2010 to 2024, highlighting four major bull and bear cycles: • First Cycle: 592x gain, -93% drop. • Second Cycle: 555x gain, -84% drop. • Third Cycle: 104x gain, -83% drop. • Fourth Cycle: 21x gain, -77% drop. Despite high volatility, Bitcoin’s cumulative return is 807,000x over 14 years. The overall trend shows significant long-term growth, outpacing bear market losses.
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📉 VC FUNDS FLOW BACK INTO CRYPTO—$2.2B RAISED IN 2024! Venture capital is returning to crypto, with $2.2 billion raised in 2024, nearing last year’s $2.6 billion. The market’s rebound from the FTX scandal and regulatory issues is drawing VCs back. With Bitcoin ETFs by firms like BlackRock and more funds being raised, PitchBook forecasts a full crypto VC resurgence by 2026. 🌐Source: DL News
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🇮🇳 BINANCE DENIES RESPONSIBILITY IN $230M WAZIRX HACK Binance has denied any ownership or control over WazirX following the $230 million hack. They urged WazirX to take accountability and compensate users. Binance clarified that discussions about acquiring WazirX were never finalized. They stated that WazirX is operated by Zanmai Labs Pvt Ltd, not Binance, countering WazirX’s claims. 🌐Source: Cointelegraph
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🇮🇳 MADRAS HIGH COURT PROTECTS CRYPTO HOLDERS’ ACCOUNTS India’s Madras High Court ruled that police can’t freeze entire bank accounts in crypto-related fraud cases—only the specific amount under investigation. This decision came after an individual’s account was locked for a year, with ₹9.69 lakh stuck. Judge Jayachandran stated that freezing whole accounts is excessive and unlawful. 🌐Source: Cointelegraph
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🇺🇸 5 US STATES SETTLE WITH GSB GROUP OVER UNREGISTERED CRYPTO SALES Five U.S. states have settled with GSB Group over the unregistered sale of securities tied to digital assets. Residents of these states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit has agreed to stop selling unregistered securities, without admitting to any violations. 🌐Source: Bitcoin•com
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🇮🇳 CRYPTO PIRATES BUSTED: CBI’S CRACKDOWN! The CBI, with the FBI, busted a scam network that swindled $450K from an American by pretending to be tech support and draining funds into crypto wallets. Mastermind Rathi was arrested in Mumbai, and assets worth ₹3.70 crore in gold, ₹16 lakh cash, and crypto devices were seized. Operation CHAKRA-III is now underway, with CBI and INTERPOL targeting illicit crypto gains. 🌐Source: Hindustan Times
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ETF INFLOWS HEAT UP THE CRYPTO GAME 📉 On September 12, Bitcoin spot ETFs saw $39M+ in inflows. Grayscale’s GBTC lost $6.5M, but their smaller ETF gained $5.1M. ARKB led with an $18.3M inflow, while Fidelity’s FBTC added $11.4M. The ETF scene is buzzing—watch where the big players are moving their funds. 🌐Source: sosovalue•com
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🇺🇸 FED CONSIDERS 0.5% RATE CUT The Federal Reserve may increase its planned September rate cut from 25 to 50 basis points. The decision, expected on Sept 18, is still undecided, with officials calling it a "close call." The odds of the larger cut are now almost 50/50. Former New York Fed President Bill Dudley stated at an event in Singapore that there's a strong argument for the 50 basis point reduction. The move could signal deeper concerns about the economy. 🌐Source: Reuters
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🚨BINANCE ISSUES MALWARE ALERT Binance warns about a malware called “Clipper” that hijacks clipboard wallet addresses, redirecting funds to hackers. Binance is enhancing security with blacklists and advanced monitoring. They advise users to double-check wallet addresses and avoid using the clipboard when transferring crypto. BinanceUS is also partnering with Fireblocks for added security, while the CFTC introduces educational initiatives. 🌐Source: CoinGape
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🇮🇳 WAZIRX USERS MAY FACE LONGER FUND DELAYS DUE TO BINANCE DISPUTE WazirX users could experience delays in accessing funds as the platform deals with an ongoing legal dispute with Binance. Zettai, WazirX’s parent company, has filed for a moratorium in Singapore for time to restructure after a $230 million hack. The issue lies in determining whether Binance or Zettai is responsible for user balances, with the court’s decision potentially affecting both entities. 🌐Source: Bitcoin•com
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🇺🇸 HARRIS VS. TRUMP: CRYPTO IGNORED IN HEATED DEBATE The first Harris-Trump debate covered major topics like abortion and immigration, but crypto was left out. Despite $119M from crypto firms already invested in the election, there was no mention of it. Trump is actively courting the crypto community with support from figures like J.D. Vance, while Harris lags behind, still exploring the space. 🌐Source: The Block
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🇺🇸 SEC BOSS SLIPPIN’? CRYPTO AND STOCKS ON EDGE A leaked memo from Gary Gensler has the crypto world buzzing, hinting at potential market turmoil ahead. The SEC chair seems to downplay recession fears, but warning signs from the stock market suggest otherwise. Could this be the signal for an incoming market crash? 🌐Source: CoinGape
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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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🇺🇸 FED NOTES LOW CRYPTO ADOPTION DESPITE PRICE RISES Federal Reserve data shows declining crypto ownership despite Bitcoin price increases. Philadelphia’s Consumer Finance Institute observed that, from October ’23, as prices improved, the number of cryptocurrency holders remained stagnant. 🌐Source: bitcoin•com
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BREAKING: Putin says Russia will support Kamala Harris in the presidential election
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Unemployment Rate Actual: 4.2% Estimated: 4.2% Prior: 4.3%
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🚨 TELEGRAM REVISES PRIVACY FAQ AFTER CEO’s ARREST Following the arrest of CEO Pavel Durov in France, Telegram has made significant changes to its ‘Illegal Content’ FAQ. The platform removed its previous assurance that all chats are private, now introducing options to report illegal content. This change raises concerns about the platform’s privacy policies under increasing legal scrutiny. 🌐Source: TG
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🇨🇭SWISS BANK ZKB UNVEILS BITCOIN TRADING AND CUSTODY SERVICES Zürcher Kantonalbank (ZKB), Switzerland’s fourth-largest bank, just launched Bitcoin trading and custody services! Clients can now buy, sell, and hold Bitcoin directly through the bank’s app, online platform, or via traditional banking methods. With over $290 billion in assets, ZKB is partnering with Crypto Finance AG to handle crypto brokerage, and they’ve developed their own custody solution to ensure secure storage. 🌐Source: BitcoinMagazine
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〽️ MATTER LABS CEO: 16% STAFF CUTS DUE TO SHIFTING MARKET NEEDS Matter Labs CEO just announced a major restructuring, with 16% of the team laid off. The move comes as the company realigns with changing market demands and an evolving role in the ZKsync ecosystem. Impacted employees are getting solid exit packages, including 3 months’ salary and career support. CEO Alex has taken full responsibility for the decision, expressing regret but optimism about Matter Labs’ future as demand for their tech grows. 🌐Source: Matter Labs CEO
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