We are so back! Are we?

Finally, we got a few really nice green candles. It’s an awesome mood booster before the weekend. Mainly, it has happened as reports suggest the Fed may start cutting interest rates with a 50-basis-point reduction. That means it’s cheaper to borrow more money and invest it, including crypto.

$popcat followed the pump and is now one of the best gainers for today. And $fwog hit its all-time high. Looks like pet meme coins are going to lead the market with the biggest gains.

Other than that, let’s wait until next week when all the rumors regarding rate cuts will be dispersed. On the other hand, even if they decide to cut it by 50bps, it could mean that the market has already priced that in during this pump. If they decide to cut it by 25bps, we could see some blood on the streets.

P.S. I’ve added a new section called “What whales do", where will put possible insightful actions of what smart money does.

And here is what else you’ll read in today’s edition:

• MicroStrategy buys more Bitcoin

• Tether hired a top-level executive from Paypal

• Scam Sniffer reports new RevokeCash users targeting phishing site

• Azuki announces its new project

• and more…

📰 Crypto & Finance News

• MicroStrategy adds 18,300 Bitcoin, bringing its total holdings to $14.14 billion worth of BTC.

• The trading platform eToro has settled with the SEC and has restricted US crypto operations.

• Tether appoints former PayPal executive Jesse Spiro as head of government affairs to lead policy and regulatory engagement.

• Verizon to cut nearly 5,000 jobs in a $2 billion cost-saving initiative.

• Gold to hit its highest price ever. Peter Shiff is in euphoria probably.

🪂 Airdrops & Opportunities

• Infinex launches The Patron Sale. It ends on September 24th.

• All Azuki holders are eligible for the mega points drop from Tribe3, with Spirit holders receiving extra points.

🤡 Degen Section

• A meme coin backed by Neymar Jr. and Roger Waters failed to pump before the expected dump, typical of celebrity-driven launches. Are celebrity meme coins dead?

• Bubblemaps is now live on Dexscreener.

• In the last 24 hours, 4,580 tokens were launched on Pumpfun and 1,392 on Moonshot.

🔒 Security

• Binance issues global alert on growing malware threat targeting crypto users.

• Scam Sniffer detected Google search phishing ads targeting RevokeCash's users.

🦁 Alpha & Insights

• MagicEden, a famous NFTs marketplace, plans to expand to Monad.

• The Plooshies have joined AbstractChain.

• Azuki opens the Anime.com waitlist claiming it’s a new way to anime. By the way, they paid over $1 million for this domain name.

📈 Other Metrics & Numbers

• Marathon Digital continues to grow its Bitcoin holdings, now owning 26,200 BTC valued at $1.5 billion.

• The volume of Bitcoin Spot ETFs has drastically gone down lately.

🐋 What Whales Do

• Smart money heavily bids on $popcat. I am bullish on this cat.

• Ceffu deposited 3,123 BTC ($181 million) to Binance, potentially signaling a sell-off based on previous actions.

• A whale unstaked 106,213 SOL ($14.3 million) and deposited it into Binance today.

😶‍🌫️ To Cheer You Up

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Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.