Author: Max Bauer

China’s State Council Information Office will hold a press conference on Tuesday, October 8th at 06:00 PM (UTC+0 London Time) to unveil a package of new policies aimed at boosting economic growth. The press conference will feature Zheng Zhajie, Director of the National Development and Reform Commission, along with several deputy directors. The upcoming announcement comes on the heels of a significant rally in China’s stock market, which saw its largest single-day gain since the 2008 financial crisis. This surge is widely attributed to anticipation surrounding the government’s stimulus measures. While specific details of the policies remain undisclosed, the press…

Telegram CEO Pavel Durov announced today the launch of a new feature called “Gifts.” This innovative feature allows users to send virtual gifts to their loved ones, which can then be displayed on profiles or sold for Telegram’s internal currency, “Stars.” Durov said the holiday season as the perfect time to introduce Gifts, stating, “Gifts are a great way to congratulate your loved ones on important events.” He also hinted at the possibility of converting limited-edition gifts into TON-based NFTs later this year, allowing users to trade and auction these tokenized items outside of Telegram. According to official post, when…

MicroStrategy, a leading provider of enterprise analytics software, is seeking a passionate and experienced Bitcoin Advocacy Manager to join their team. The ideal candidate will play a pivotal role in promoting the adoption of Bitcoin within the corporate world. Key Responsibilities: Qualifications: Preferred Qualifications:

Cryptocurrency analysis firm QCP Capital has released a statement analyzing recent market movements, highlighting the impact of geopolitical tensions and a robust labor market on risk assets. QCP Capital is Still Optimistic on Bitcoin’s October Performance According to the statement, the new quarter began with increased volatility due to escalating tensions between Israel and Iran. QCP Capital anticipates a more significant response from Israel in retaliation for Iran’s attack, potentially targeting key infrastructure. Despite this geopolitical uncertainty, the US labor market demonstrated resilience, with Friday’s non-farm payrolls significantly exceeding expectations. The strong data suggests a robust job market, even after…

Ethereum co-founder Vitalik Buterin has recently exchanged a significant amount of memecoins for Ethereum (ETH), valued at approximately $340,000. You can see his wallet here. Vitalik Buterin Sells Memecoins Gifted to Him The conversion took place over a 30-minute period and involved a variety of memecoins, including 100,000 USDT (donated by the CATE project), 70.71 million Neiro, 11.76 billion MOODENG, 7.8 million DEGEN, and 16.03 billion KABOSU. This latest transaction comes on the heels of another significant ETH transfer that Buterin made two months ago. In August, he moved approximately $10 million worth of ETH to wallets associated with crypto…

Cryptocurrency security company Peckshield reported a security breach affecting EigenLayer, a blockchain staking infrastructure provider. According to Peckshield, the attacker managed to siphon off 1.674 million EIGEN tokens, valued at approximately $5.87 million. EigenLayer Releases a Statement on X The stolen EIGEN tokens were subsequently swapped for USDC stablecoins and transferred to centralized exchanges, with a majority of the funds ending up in HitBTC. A portion of the stolen funds, roughly 5,000 USDC, was also sent to Kraken. EigenLayer, in an official statement on X, confirmed the incident and attributed it to a compromised email thread involving a single investor’s…

Cryptocurrency analysis firm MarktQuant has released its latest market evaluation and trend update for Bitcoin, Ethereum, and Solana. According to the firm’s proprietary quantitative valuation model, Bitcoin’s valuation has strengthened, suggesting an uptick in trend momentum. However, a recent failed attempt at a bullish continuation has caused the system to remain long but with a weakening trend. Ethereum, on the other hand, has shown slight improvements in positive momentum but remains in a neutral position. Solana has experienced a significant rebound, prompting the system to shift from a long to a cash position. This suggests a reduction in downside pressure,…

Bitwise Asset Management is making significant changes to its three crypto futures exchange-traded funds (ETFs) to incorporate Treasuries and reduce volatility. The firm filed amendments with the U.S. Securities and Exchange Commission (SEC) on Friday to modify the Bitwise Bitcoin Strategy Optimum Roll ETF, the Bitwise Ethereum Strategy ETF, and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF. The revamped ETFs, expected to take effect around December 3, 2024, will employ a trend-following strategy that rotates between crypto and Treasury exposure based on market conditions. According to Bitwise Chief Information Officer Matt Hougan, the goal is to minimize downside…

A forthcoming HBO documentary is set to reveal the identity of the enigmatic Satoshi Nakamoto, the pseudonymous creator of Bitcoin, according to a report in Politico. If true, the documentary would finally put an end to one of the greatest mysteries in financial history. Traders Bet That Satoshi Nakamoto is Len Sassaman Satoshi Nakamoto, believed to be worth an estimated $67 billion in Bitcoin, has remained anonymous since the cryptocurrency’s inception in 2009. As anticipation grows for the HBO show, which is scheduled to air on October 8, a betting pool on Polymarket has opened, allowing users to wager on…

Following the recent SEC appeal of the Ripple Labs case, cryptocurrency journalist Eleanor Terrett has highlighted a significant development. The SEC has yet to file its Form C with the Second Circuit, a document that outlines the specific issues they intend to appeal. This omission leaves Ripple in a state of uncertainty as they await clarification on the SEC’s next steps. Terrett noted that Ripple has a 14-day window from the date of the SEC’s appeal to file a cross-appeal if they choose to do so. In its notice of appeal, the SEC referenced August 7 as the date when…