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[Weekly Crypto] 2024.09.19


1️⃣ Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly Hits $61K Before Selloff

Market participants were uncertain about the size of the rate cut prior to the Fed meeting, laying the groundwork for market volatility.


2️⃣ It's time to update the SEC's disclosure process for crypto

SEC Commissioner Mark Uyeda wants to update the agency's S-1 disclosure for cryptocurrency firms. His stance is a positive step toward progress.


3️⃣ Will the U.S. elections impact crypto markets? Insiders weigh in

Cryptocurrency insiders downplayed the potential impact of the U.S. presidential election in November on the market.

4️⃣ BlackRock's new bitcoin paper outlines the cryptocurrency's qualities as 'unique' hedge against global risks

BlackRock, the Wall Street giant that manages the market’s biggest spot bitcoin ETF, released a whitepaper in which it outlines what makes BTC a “unique diversifier” against some fiscal, monetary and geopolitical risk factors.


5️⃣ BNB Chain introduces gasless stablecoin payments initiative

BNB Chain partners with major CEXs and wallets to introduce gasless stablecoin transfers, enhancing cross-chain liquidity.







 


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