🌶️ Gemini IPO & USA₮ launch

Looks like with the upcoming possible rate cut, the markets are heating up. Prices slowly increase as everyone expects

Here is what you’ll find in today’s edition as well:

• Gemini IPO

• New stablecoin by Tether

• Dangerous hack spreads

• and more…

📰 Crypto & Finance News

• Tether announced a new US-regulated, dollar-backed stablecoin called USA₮ and appointed former White House crypto adviser Bo Hines as its future CEO. The coin will comply with new US regulations.

• Polymarket is considering a $9 billion valuation following a surge in users and recent CFTC approval, a significant increase from its $1 billion valuation during its June fundraising round.

• An appeal hearing for former FTX CEO Sam Bankman-Fried’s 25-year prison sentence is scheduled for Nov. 4, focusing on alleged legal errors in his trial. His lawyers argue he was unfairly judged.

• Gemini debuted on Nasdaq with a $4.4 billion valuation, as shares opened 32% above the IPO price. The Winklevoss-founded crypto exchange raised $425 million, reflecting strong investor interest in crypto firms.

🪂 Airdrops & Opportunities

• OpenSea treasury chests arrive on Monday.

• Pudgy Penguins who claimed a 3D character are eligible for the $HOLO airdrop.

• CyberKongz burns 13.46% of $KONG and burns a part of the unclaimed airdrop.

🤡 Degen Section

• The number of Pump Fun mobile app users hits an all-time high. The company promises a lot of new features coming soon.

• CTO of $IRYNA now is the top contributor of the Iryna Zarutska memorial GoFundMe. Meanwhile, the dev of the token on Pump Fun has earned more than $231,000 from the creator’s program.

🔒 Security

• A new malware named ModStealer targets crypto users. It operates on macOS, Linux, and Windows. ModStealer can steal private keys, capture the clipboard, and so on.

🦁 Alpha & Insights

• Even $1.1 billion worth of Ethereum shorts are going to be liquidated if the price touches $4,700.

• Alt season index rises to 66/100. Are we getting one finally?

📈 Other Metrics & Numbers

• Pudgy Penguins’ game Pudgy Party reaches 500,000 downloads.

• Circle has minted $250 million in USDC on Solana, and the total amount minted within the last 24 hours reaches $500 million. Brrr…..

• $110 billion has been added to the crypto market cap within the last 24 hours.

😶‍🌫️ 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.