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- Where Crypto Is Headed Next
Where Crypto Is Headed Next
GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.
This week we have:
A new pod with Stephen founder of Defi Dojo🎙️
A deep dive into crypto’s BULLISH fundamentals going forward🔥
Fed cutting rates again!?🚨
Solana’s new phone👀
GLOBAL MARKET CAP $2.18T ▲ 4.00% (7d) | 7D MARKET VOLUME $86.52B ▲ 35.33% (7d) |
BITCOIN’S DOMINANCE 56.79% | FEAR & GREED INDEX 48 Neutral |
Bitcoin $62,854.81 ▲ 5.15% (7d) | Ethereum $2,544.11 ▲ 5.11% (7d) | Polygon $0.3980 ▼ -5.80% (7d) |
NEWS📰
🚨 SEC's Crypto Crackdown Hits $4.7B in Fines
The SEC has intensified its oversight of the crypto market, imposing a staggering $4.7 billion in fines this year alone. This move underscores the regulatory body’s firm stance on maintaining market integrity.
📉 FOMC Slashes Interest Rates by 50 Basis Points
The Federal Open Market Committee has reduced interest rates by 50 basis points. This significant cut may influence crypto markets by shifting investor behavior towards riskier assets like cryptocurrencies.
💰 Bitcoin ETFs See Steady Inflows for Three Days
Despite regulatory hurdles, spot Bitcoin ETFs have attracted investor inflows for three consecutive days, highlighting continued confidence and interest in cryptocurrency investments.
🏦 DBS Bank Introduces Crypto Trading for Institutions
Singapore’s DBS Bank is set to offer cryptocurrency trading options to its institutional clients, marking a significant step towards integrating digital assets into traditional financial services.
☁️ Google Cloud Launches Ethereum-Compatible RPC Service
Google Cloud has unveiled a new Ethereum-compatible RPC service, enhancing the scalability and accessibility of Ethereum-based applications and fostering greater development within the ecosystem.
🔒 Binance Warns of New Crypto Wallet Malware
Binance has issued a warning about newly identified malware targeting crypto wallets. This alert highlights the ongoing security challenges facing the cryptocurrency community.
📱 Solana Reveals 'Seeker' – Their Second Crypto Phone
Solana has announced plans for 'Seeker,' its second crypto-enabled phone. This device aims to integrate blockchain functionalities into everyday consumer electronics, broadening crypto’s reach.
🏙️ Circle Relocates to NYC and Eyes IPO for USDC
Circle, the company behind the USDC stablecoin, has moved its headquarters to New York City and is considering an initial public offering. This move signals a stronger bridge between crypto and traditional financial markets.
⚖️ Rari Capital Settles with SEC
Rari Capital has reached a settlement with the SEC regarding charges of misleading investors. This resolution emphasizes the regulatory focus on transparency and legality within crypto operations.
📊 CFTC Maintains Stance Against Crypto Prediction Markets
The U.S. Commodity Futures Trading Commission (CFTC) continues to oppose crypto prediction markets. However, there is optimism for more comprehensive crypto legislation before the end of the year.
🔄 Ethereum Mulls Pectra Upgrade to Enhance Network
Ethereum is considering an upgrade named Pectra to improve its network capabilities. While details are still emerging, this potential upgrade aims to bolster Ethereum’s performance and scalability.
Exploring Crypto’s Future
In this episode, I chat with the legendary Stephen, founder of Defi Dojo, about the markets, DeFi, and the future of crypto. We dive into why we're bullish long term and more.
Where Is Crypto Headed Next?
In this week's video, I dive into where I think crypto is headed, covering everything from rate cuts to the 4-year cycle, innovation, and more, to help figure out if it's time to hold or get cautious long term.
AIRDROPS 🪂
To Claim:
Eigenlayer (Season 2 claims)
GRASS (Users of their application)
$ORDER (now claimable)
Renzo (Season 2 claims)
To Farm:
Fluid: Lend/Borrow Funds
Gearbox: Earn/Borrow/Farm
Symbiotic: Restaking your ETH
BonsaiDAO: Restaking your ETH
SOME TWEETS
Coinbase's Base Layer 2 shatters transaction records with over 4.5 million in a single day
— The Block (@TheBlock__)
7:01 PM • Sep 17, 2024
CoW DAO is thrilled to announce it is partnering with @WalletConnect as part of its next chapter.
We support the Network’s path to decentralization, leading the way to a future designed for interoperability, connectivity, standardization, and consensus.
— CoW DAO | Don't get milked ™️ (@CoWSwap)
12:51 PM • Sep 17, 2024
BREAKING: The Federal Reserve has cut interest rates by 50 basis points in their first rate cut since March 2020.
This officially marks the most surprising Fed decision since 2009.
— The Kobeissi Letter (@KobeissiLetter)
6:00 PM • Sep 18, 2024
⚡ JUST IN: Tether reports a record-breaking $5.2B profit for the first half of 2024
With $97.6B in US Treasurys, Tether now ranks among the top global holders of US debt, surpassing nations like Germany and Australia. x.com/i/web/status/1…
— Cointelegraph (@Cointelegraph)
1:47 PM • Sep 18, 2024
JUST IN: 🇺🇸 Louisiana state government officially accepts #Bitcoin & crypto as a valid form of payment.
— Watcher.Guru (@WatcherGuru)
10:14 PM • Sep 18, 2024
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