The Bitcoin Act
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- 🇳🇬 Jailed Binance Exec's Trial Continues. Tigran Gambaryan has been held in Nigeria for 6 months amid money laundering charges against Binance. "The U.S. Government must do more to help Tigran," his wife said in a statement to The Block.
- 💸 SEC Warns FTX over Stablecoin Repayments. The firm has filed a motion noting that it 'reserves its right to challenge' repayments to debtors using crypto assets.
- 🦗 Pump's Memecoin Party Slowing. Pump.fun's memecoin explosion is quickly slowing down, with the number of tokens launched and fees earned falling to their lowest levels of the summer this weekend.
📸 Daily Market Snapshot: September has been a historically bearish month for crypto prices, but after a brutal August, many are hoping for a little respite. The chances of that could be promising, especially with the Fed expected to finally begin cutting interest rates this month, an expectation which has already led to renewed bullishness on Wall Street.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.06T | ↗ 0.3% | ↘6.8% |
|
BTC $59,134 | ↗ 1.3% | ↘6.7% |
|
ETH $2,551 | ↗ 2.2% | ↘5.0% |
We sit down with U.S. Senator Cynthia Lummis, one of the most vocal advocates for Bitcoin in Washington.
Senator Lummis discusses her groundbreaking proposal, "The BITCOIN Act," which aims to establish a strategic Bitcoin reserve for the United States. We dig into the details of the bill, including how it could address America's $35 trillion debt, the mechanics of converting gold certificates to Bitcoin, and the broader implications for the U.S. economy.
Hear all of the analysis! 👇
Party makes it easy to create NFTs, launch a token, or squad up in an onchain collective. The platform supports multiple chains, but it’s becoming increasingly popular on Base as a streamlined DIY hub for people looking to create and manage crypto projects from the ground up.
It’s a ripe time to take a closer look as Party just released not one but two excellent Base-centric upgrades: Sets V2 and Tokens V2.
Below, let’s go over how these newly updated features work and how you can get started using them on Base! 👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?
Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.