🌶️ Fed cuts the rates by 50bps!

So finally we got the rates cut. This can be an extra fuel to the bull market, however, the markets don’t seem to move drastically. Maybe as many predicted, this 50bps cut is already priced in. Or it might lag a bit. Besides that, we can expect more interest rate cuts this year, Powell said.

However, not everyone is so bullish, Arthur Hayes warns that today’s slice down could be disastrous. Other analytics claim that the Fed is already too late and a crisis is waiting for us already. But historically, these rate cuts impacted crypto prices to go up mostly. I will remain positive and if no black swan events happen anytime soon, I believe crypto could perform very well in the near future.

Or this… 🫢

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

• Revolut to launch stablecoin

• BlackRock releases a report related to crypto

• Ethena Labs site hacked

• The biggest ransomware attack to date

• and more…

📰 Crypto & Finance News

• Revolut plans to launch its stablecoin. Revolut has more than 45 million users worldwide.

• BlackRock and Microsoft will launch a $30 billion AI investment fund.

• Bitcoin ETFs gain $250 million in inflows as anticipation builds for an expected rate cut.

• Former Goldman Sachs and Coinbase executives launched TrueX, a new crypto exchange focused on stablecoins.

🪂 Airdrops & Opportunities

• Phaver’s token $SOCIAL TGE was announced to happen on September 24th. Pre-market trading is already available on Aevo. Also, some listings on major exchanges are already reported.

• Plots Finance launches its closed beta. Become an in-game landowner and get benefits. $PLOTS is also mentioned. IKYK.

• Kumo mint dates are revealed. The SUI network and its ecosystem are hot right now.

• Kelp DAO announces the new $agETH pool on Yearnfi.

• Dymension’s 3D Playground testnet is live.

🤡 Degen Section

• $DEGOD dropped by ±48% in value since it was launched.

• A trader bought tokens for $28 which is now worth more than $125,000.

• K. Harris is leading by 4% against D. Trump on Polymarket. Polymarket bettors were right about a 50bps rate cut, just saying.

🔒 Security

• The Dark Angels hacking group collected $75 million in Bitcoin, marking the biggest ransomware attack on record.

• Pocket Universe detects frontend hack on Ethena Labs’ official website. Do not sign anything before safety confirmation!

• Big X accounts hacked and promoting scam coin on Solana. Be aware!

🦁 Alpha & Insights

• Solana launches ZK compression on its mainnet. It promises 1000x savings.

• Fungify has been launched. It is an NFT index that allows you to get exposure to NFTs without owning them.

• Aleo launches its mainnet. Aleo is a privacy-focused blockchain platform that uses zero-knowledge proofs to enable scalable and private decentralized applications.

• BlackRock released a new report titled “Bitcoin: A Unique Diversifier”.

📈 Other Metrics & Numbers

• SUI reaches the 20 million active accounts benchmark.

• Bitcoin's dominance reaches a three-year high as altcoins continue to decline.

😶‍🌫️ 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.