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Ethena Labs announced the launch of a new stablecoin, UStb, backed by BlackRock’s tokenized Treasury fund, BUILD. This coin will operate independently from the existing USDe, which utilizes hedging strategies, including trades involving cryptocurrencies like BTC, ETH, and SOL, to offer users a yield.
At the Connect 2024 conference, Meta revealed the Orion augmented reality glasses prototype. Mark Zuckerberg, who showcased its capabilities, hailed it as “the most advanced glasses the world has ever seen.”
The Connect Token (WCT) serves as the native token of the WalletConnect Network, aimed at securing and upholding the network’s decentralization. WCT will be utilized for payments, rewards, staking, and governance voting.
The Gemini 1.5 series is built for diverse tasks: gathering information from PDFs, analyzing code repositories, scanning videos, and creating content from them, among other capabilities.
BlackRock’s Head of Digital Assets Robbie Mitchnick argues that Bitcoin is unfairly labeled as a high-risk asset. He believes the first cryptocurrency should be seen as a risk-free investment, suggesting that its reputation as a risk-on asset is a narrative pushed by certain voices in the crypto community.
On September 24, SEC Chair Gary Gensler appeared before the U.S. Congress, where he faced sharp criticism from several lawmakers and even some of his colleagues. A particularly pointed remark came from Tom Emmer, who called Gensler the most destructive chairman in SEC history.
Caroline Ellison, the former CEO of Alameda Research and a key witness in the trial of FTX founder Sam Bankman-Fried, has been sentenced to two years in prison, followed by three years of supervised release. During this period, she must cooperate with the U.S. Securities and Exchange Commission (SEC). The court also ordered her to pay an $11 billion fine and forfeit her assets.
The U.S. Securities and Exchange Commission (SEC) settled charges against California-based companies TrustToken and TrueCoin, which operate under the Archblock brand, for selling unregistered securities and providing misleading information regarding the reserves backing their stablecoin, TrueUSD (TUSD).
Cybersecurity company Torq, which leverages artificial intelligence to automate repetitive and labor-intensive tasks, raised $70 million in new funding round. According to CEO Ofer Smadari, the company’s annual revenue has surpassed $24 million, with major clients including Procter & Gamble and PepsiCo.
Anthony Shnayderman and Itai Bronshtein filed a class-action lawsuit against the NFT platform OpenSea, alleging that it has engaged in trading unregistered securities. The plaintiffs, who purchased several non-fungible tokens, including those from the Bored Ape Yacht Club collection, claim these assets have lost their value due to their illegal status.
As part of her economic platform focused on “innovation and regulation,” U.S. Democratic presidential candidate Kamala Harris pledged to support and encourage investments in cryptocurrencies and artificial intelligence if elected.
Tiff Macklem, the Governor of the Bank of Canada, cautioned that artificial intelligence could temporarily push inflation higher and undermine financial stability. He pointed out that companies using AI tend to adjust prices more frequently than others.
On September 20, Michael Saylor’s MicroStrategy revealed that it had purchased another 7,420 BTC, with the acquisition totaling approximately $458.2 million.
Chainalysis CEO Michael Gronager predicts that within the next five years, governments will increasingly leverage AI to uncover financial crimes on the blockchain, including tax evasion. This initiative is expected to be coordinated rather than fragmanted across various agencies.
A federal judge in Texas dismissed ConsenSys’ lawsuit against the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler. The company sought to legally establish that Ethereum is not a security and to prevent the SEC from interfering with the operation of the MetaMask crypto wallet.
The U.S. Federal Trade Commission (FTC) criticized several social media companies, including Meta, Google, and ByteDance, for collecting and processing user data without sufficient oversight or transparency. The collected data often includes age, gender, language, income, and other information of interest to advertisers.
Blockchain researcher ZachXBT revealed details of a $243 million fraud operation. This led to the arrest of several suspects and the freezing of funds’ portion. The victim was a lone creditor from the Genesis platform, and the main culprits were Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano).
Germany’s DZ BANK Group, the nation’s second-largest banking group, is preparing to offer cryptocurrency trading and custody services to over 700 of its cooperative banks via the Boerse Stuttgart platform. The launch is expected by the year’s end, with technical preparations nearing completion.
On September 18, the U.S. Federal Reserve announced a 50 bps reduction in its benchmark interest rate, bringing it down to 5%.
After the success of its previous device, the Solana Saga, Solana Mobile unveiled its newest smartphone, the Solana Seeker. This new model features significant upgrades, including an upgraded camera, a longer-lasting battery, and a more affordable price than its predecessor.
Elon Musk revealed via X that Neuralink is developing a device named “Blindsight” that could restore vision even for individuals who have lost both eyes and their optic nerve.
“It’s cool to hate Ethereum right now. I bet this ends up looking silly,” Bitwise CIO Matt Hougan remarked as BTC’s dominance over ETH rises, with the ETH/BTC ratio dropping below 0.04 for the first time since 2021.
WhiteBIT, Europe’s leading crypto exchange and the official sponsor of the Ukrainian national football team, started a pre-sale of tickets for the upcoming Ukraine vs Georgia home match in the UEFA Nations League, accepting payments in cryptocurrency. The game will be held on October 11 at the City Stadium in Poznań, Poland.
The DEX aggregator 1inch introduced a new feature, Fusion+, enabling cross-chain swaps without the need for centralized intermediaries. The system integrates atomic swap technology, ensuring automatic execution through smart contracts.
BlackRock, the global asset management firm, is set to launch a more than $30 billion investment fund aimed at advancing AI infrastructure, including power projects and data centers. This will be one of the largest funds of its kind on Wall Street.
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.