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🚀 🌐 Trump's World Liberty Financial Debuts
In today’s edition: 📉 Crypto markets dip ahead of potential Fed rate cut, 🎣 Flyfish settles SEC dispute over NFTs for $750K, and more!
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What’s Poppin’?
by Veronica Irwin and Juan Aranovich
Other executives involved in the DeFi project also revealed details about its governance token on Monday evening.
The crypto market is feeling the pressure as a potential 50 basis point Fed rate cut looms.
Earn bitcoin on Gemini here.
Daily Bits… ✍️✍️✍
🍽️ Flyfish restaurant settled with the SEC for $750,000 over its NFT membership program, which was deemed an unregistered securities offering, despite dissent from within the SEC.
📈 BlackRock’s IBIT spot Bitcoin ETF saw its first net inflows in three weeks, attracting $15.8 million as other Bitcoin ETFs also experienced positive flows.
📊 The SEC intensified its scrutiny of Binance's token listing and trading practices, filing an amended complaint that addresses previous legal concerns and strengthens the case against the exchange.
⏳ Binance founder Changpeng "CZ" Zhao is set to be released from custody on Sept. 29, after serving a four-month sentence for failing to implement adequate Know Your Customer (KYC) procedures at the exchange.
🕵️♂️ Former Celsius CEO Alex Mashinsky, who is facing a potential 115-year prison sentence, is seeking testimony from six former Celsius executives to support his defense in his criminal trial.
💸 MicroStrategy plans to sell $700 million in convertible senior notes to buy back debt and purchase more Bitcoin, continuing its aggressive investment strategy.
Today in Crypto Adoption...
🌍 Over 40 financial firms have joined the Bank for International Settlements' Project Agorá to explore how tokenization, through integrating commercial bank deposits with central bank digital currencies, can improve cross-border payments.
The $$$ Corner…
🌐 Permissionless Labs, supported by Multicoin Capital and Solana Ventures, secured $10 million in Series A funding to develop a decentralized content delivery network on Solana, aiming to challenge centralized models.
💰 RISE raised $3.2 million in a seed round led by Finality Capital, with notable investors including Vitalik Buterin, marking a significant step in advancing the Gigagas layer 2 project.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 0.8%, trading at $59,088
ETH is up 0.7%, trading at $2,314
BTC dominance: 54.41%
Crypto market cap: $2.14T
*All data as of today, 06:30 am ET. Source: CoinGecko
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