🌶️ Bitcoin goes below $56,000. Are we going down more?

Bitcoin went below $56,000 and well, that doesn’t look good. The whole market is dead, trenches are empty, and everyone just shitposts and just waits for something. Optimists say it’s a great opportunity to buy, bears are cheering. Looks like September isn’t going to be different from the previous year. Unless some crazy news pops out.

On the other hand, that’s nothing new. If you’ve been in crypto for a few years at least, there were plenty of hard times like now. Be patient — better times are definitely ahead of us.

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

• New non-custodial and Euro-denominated debit card

• MagicEden launches a new domain for US users only

• Smoke to get an airdrop?

• The Ethereum Foundation keeps selling ETH

• and more…

📰 Crypto & Finance News

• MagicEden to launch a new domain for US-only users. It’s probably to avoid possible prosecution from the US authorities such as with OpenSea.

• Mastercard has launched a Euro-denominated non-custodial Bitcoin debit card. It is managed by Mercuryo.

• Pavel Durov, the CEO of Telegram, says the arrest in France was a surprise. Also, Telegram has changed its FAQ section removing or changing some of the parts that contain privacy terms.

• Bitcoin's all-time high in 2024 is still possible, but probably is not going to happen predicts analysts. While Arthur Hayes believes it will go below $50,000 this weekend.

🪂 Airdrops & Opportunities

• The new Berachain mission is out. Don’t give up on it.

• If you’re staking Dymension ($DYM), were a testnet user, or are a Galxe participant of Rivalz Network, here is the guide on what you should do for future rewards.

🤡 Degen Section

• Poor performance of newly launched tokens on PumpFun. Only 4 launches went above $100,000 market cap. The trenches are really empty.

• Vape to get an airdrop? Yes, Puffpaw made it real. Do not smoke and miss this airdrop for the sake of your health!

🔒 Security

• Crypto hackers communicate with each other and praise their “achievements”. Euller Finance hacker sent a message to the Penpie attacker.

• CertiK has delisted g8keep after co-founder Harrison Leggio accused the firm of a "malicious attack" and threatened legal action.

🦁 Alpha & Insights

• Celestia has unveiled a roadmap to scale its block size to 1 gigabyte.

• Travala.com has teamed up with Skyscanner to integrate its inventory of over 2.2 million hotels across 230 countries into the global travel marketplace.

• Ether.fi cards pre-order ends on the 20th of September. All pre-ordered cards will get a $50 bonus after $1,000 spent.

📈 Other Metrics & Numbers

• The Ethereum foundation sends 1,000 ETH to another multi-signature wallet that previously sold ETH for $DAI.

• MEV bot has taken a $12 million flash loan only to make $20 in profits.

• CryptoPunk #6915 was sold for 620 ETH ($1.48M). Maybe NFTs aren’t dead.

😶‍🌫️ 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.