hoanganhcute (@hoanganhcute) • Hey
Hi every one
Publications
- Why don't scientists trust atoms? Because they make up everything!"
- Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery."
Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global.
In a Sept. 15 filing in the United States Bankruptcy Court for the Southern District of New York, the legal team accused DCG of gaslighting Genesis creditors through “contrived, misleading, and inaccurate assertions” in the recovery plan. The plan, filed in bankruptcy court on Sept. 13, claimed that unsecured creditors could have a “70–90% recovery with a meaningful portion of the recovery in digital currencies” while Gemini Earn users could expect an “approximately 95–110%” recovery for their claims.
- Crypto Biz: PayPal rolls out crypto ramps, Franklin Templeton joins BTC ETF race, and more
This week’s Crypto Biz looks at PayPal’s crypto gateway, Franklin Templeton’s BTC ETF filing, Coinbase’s Lightning Network integration, and Meta’s plans for a new AI model.
Without aggressive marketing tactics, fintech giant PayPal is quietly and consistently venturing deeper into the crypto space, rolling out features and building key partnerships to advance its digital assets strategy.
This week, PayPal unveiled new on-ramps and off-ramps for cryptocurrencies for its clients in the United States — a noteworthy step for the country, particularly as many crypto firms struggle with supporting fiat-crypto conversions since the United States Securities and Exchange Commission began its controversial crackdown on the industry.
Also deepening ties with the crypto ecosystem is the traditional asset manager firm Franklin Templeton. The company filed for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the U.S., joining a long list of major investment firms seeking approval for a Bitcoin investment product, including names such as BlackRock, Fidelity and WisdomTree, among many others.
- Bitcoin price all-time high will precede 2024 halving — New prediction
BTC price all-time highs await Bitcoin hodlers before April 2024, says BitQuant — but what happens after will be even bigger.
Bitcoin
BTC
$26,701 has a $250,000 target for after its next block subsidy halving — but new all-time highs will come sooner.
That is the latest BTC price prediction from BitQuant, the popular social media commentator who sees a rosy future for the largest cryptocurrency.
BitQuant: Pre-halving all-time high will not be BTC price top
In his latest post on X (formerly Twitter) on Sept. 15, the pseudonymous “central banker and Bitcoiner” revealed a pre-halving target above $69,000.
“No, Bitcoin is not going to top before the halving,” he wrote in part of commentary.
- Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs
**Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume.**
Shroder Departs Binance US as Unit Eliminates Over 100 Positions
The CEO of Binance US, Brian Shroder, has quit his job and has been replaced on the post by an interim appointment, the exchange’s Chief Legal Officer, Norman Reed, Bloomberg revealed in a report quoting a company spokesperson.
Shroder is leaving while the Miami-based entity is reducing its workforce by a third, or more than 100 employees, amid persisting pressure from regulators that has hurt its business. Its monthly trading volume has fallen below early 2020 levels.
- Report: Binance's Decision to Airdrop $3 Million to Morocco Earthquake Victims via BNB Token Criticized
**Cryptocurrency exchange Binance has been criticized for pledging to help victims of Morocco’s devastating earthquake by airdropping its native crypto token. According to Action on Armed Violence’s Iain Overton, people affected by the earthquake are only interested in getting immediate assistance and not crypto.**
Binance Accused of Using Devastation to Prop Up Its Image
Binance, one of the top cryptocurrency exchanges globally, has been criticized over its decision to donate its crypto token known as BNB to Moroccans in places most affected by the recent earthquake. Some critics accuse Binance of using the devastation caused by the earthquake to boost its image.
- Bitcoin gets $28K ‘plunge protection’ with BTC price due new volatility
Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
https://cointelegraph.com/news/bitcoin-28k-plunge-btc-price-new-volatility
- Binance to Restore Full Services in Japan in August, CZ Unveils
**Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global platform.**
https://news.bitcoin.com/binance-to-restore-full-services-in-japan-in-august-cz-unveils/
- Robert Kennedy Jr Reveals BTC Investment for His Children, Insists Bitcoin 'Threatens the Monopoly on Money'
**During a Twitter Spaces event on Wednesday, Robert F. Kennedy Jr., a Democratic U.S. presidential contender, revealed that he acquired 14 bitcoin for his children. This announcement comes on the heels of financial documents filed on June 30, 2023, which indicated his ownership of the leading cryptocurrency.**
https://news.bitcoin.com/robert-kennedy-jr-reveals-btc-investment-for-his-children-insists-bitcoin-threatens-the-monopoly-on-money/
- Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth
**In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation.**
https://news.bitcoin.com/federal-reserve-raises-federal-funds-rate-by-25bps-amidst-moderate-economic-growth/
- Old woman....
- Nothing gona change my love for you
- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙
#orb #orbapp #orbsbt
- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩
#orb #orbapp #orbsbt
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
#orb #orbapp #orbsbt
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
#orb #orbapp #orbsbt
- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯
#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
- First Mover Asia: Crypto Can’t Shake the Correlation Narrative; BTC, ETH Sink but Meme Coins Rise
The CEO of options trading platform Tastyworks sees cryptos rebounding only when equities are also rallying.
https://www.coindesk.com/markets/2022/08/17/first-mover-asia-crypto-cant-shake-the-correlation-narrative-btc-eth-sink-but-meme-coins-rise/
- Tether requests Roche Freedman to be booted from class action
Bitfinex and Tether’s legal representatives also want the law firm to return or destroy all defendant-issued documents and confirm they haven’t been shared.
https://cointelegraph.com/news/tether-requests-roche-freedman-to-be-booted-from-class-action
- You rock my world.
- Experts explain what 'Big Short' Michael Burry's stock exit means for crypto
“Predicting a stock crash is a lot like predicting an earthquake. You know one will happen every so often but you can never tell exactly when or how severe it will be,” said Mati Greenspan.
https://cointelegraph.com/news/experts-explain-what-big-short-michael-burry-s-portfolio-dump-means-for-crypto
- Crypto scams fall 65% after gullible noobs exit the market: Chainalysis
Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.
https://cointelegraph.com/news/crypto-scams-fall-65-after-gullible-noobs-exit-the-market-chainalysis
- Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022
Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in USD, network difficulty and hash rate.
https://cointelegraph.com/news/bitcoin-mining-revenue-jumps-68-6-from-the-lowest-earning-day-of-2022
- Tornado Cash developer detained, Core Scientific cuts jobs, and BlackRock’s bitcoin bet: CNBC Crypto World
https://www.cnbc.com/video/2022/08/12/tornado-cash-developer-core-scientific-cuts-jobs-blackrock-bitcoin-crypto-world.html
- We should just love.
Don't fall in love because falling will hurt.
- Play-to-own, NFTs and Web3: Crypto Raiders drops knowledge with NFT Steez
NFT Steez chats with Crypto Raiders about the state of blockchain gaming and how to prioritize fun over “financialization” when it comes to NFTs and P2E models.
https://cointelegraph.com/news/play-to-own-nfts-and-web3-crypto-raiders-drops-knowledge-with-nft-steez
- Bitcoin traders still favor new $20K lows as Ethereum hits $2K
It is high time for a deeper retracement on the "relief" rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.
https://cointelegraph.com/news/bitcoin-traders-still-favor-new-20k-lows-as-ethereum-hits-2k
- Bitcoin network difficulty drops to 27.693T as hash rate eyes recovery
https://cointelegraph.com/news/bitcoin-network-difficulty-drops-to-27-693t-as-hash-rate-eyes-recovery
- Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive
The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week.
https://cointelegraph.com/news/finance-redefined-defi-s-downturn-deepens-but-protocols-with-revenue-could-thrive
- Crypto lending platform Hodlnaut suspends services due to liquidity crisis
Hodlnaut avoided 3AC exposure and earlier denied ever buying UST, but several reports and on-chain data have shown that the lending firm at one point owned over $150M worth of UST.
https://cointelegraph.com/news/crypto-lending-platform-holdnaut-suspends-services-due-to-liquidity-crisis
- First Mover Asia: The Michael Saylor Tax Case and What It Means; Bitcoin Wrestles With $20K
The MicroStrategy executive chairman says the District of Columbia’s scrutiny of his tax residency is wrong, but the filing has deeper significance.
https://www.coindesk.com/markets/2022/09/02/first-mover-asia-the-michael-saylor-tax-case-and-what-it-means-bitcoin-wrestles-with-20k/
- Moving to lenster from a facebooker
- Metric of the Week: $INDEX Yield 📊
Are you bullish on INDEX and ETH? You can deposit into the INDEX-WETH 1% Vault on Arrakis Finance, the leading Uniswap v3 Automated Liquidity Manager.
This pool has only been used by 4 unique addresses to-date 👀
Currently, the pool is earning a lifetime 26.57% APR and has generated >$46k in fees since June 8. The Arrakis position has outperformed just holding $INDEX by $131.45 to $124.57. That's about 5.5% outperformance in just 82 days.
Arrakis Pool: https://beta.arrakis.finance/vaults/1/0x4f93825A4D7f58899693C64f9b2cbBAC3B5b04ab
Note: prior performance does not guarantee future returns
- gm lensterz,
Quick summary of yesterday lol.
( But i'm in Paris folks, and will stay at least until christmas, should we do lens parties ?)
- 🔊 **POAP** 🌠 for early @lenster.lens bloomers coming soon, it will be distributed in the Snapshot app ⚡️
Followers snapshot will be taken in couple of weeks so make sure to follow @yoginth.lens and @lenster.lens 🌸 to receive your unique POAP 💜