🌶️ MicroStrategy raises $1 billion to buy more Bitcoin

So this was an interesting week, but we mainly went up, however, could this be another lower high? Charts show that, and logically it would be smart to think that way. But if we close above $64,000 on weekly, it could turn around really quickly.

Moreover, we hear the news about banks, institutions, and funds buying Bitcoin and other cryptocurrencies daily now. New investment products are launched every week or so. It means only one thing, institutions are here for long. I don’t see how this could be bearish in general. And we’ve Uptober coming soon. The last week of September should be extremely interesting.

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

• SEC approves BlackRock’s options for Bitcoin

• M. Saylor keeps buying

• LayerZero redistributed unclaimed airdrop available to claim

• MagicEden airdrop news

• News from Solana breakpoint

• and more…

📰 Crypto & Finance News

• Michael Saylor's MicroStrategy raises $1 billion to purchase more Bitcoin.

• The SEC has approved BlackRock's listing of spot Bitcoin ETF options. It has been approved with the ticker symbol "IBIT".

• Terraform Labs may face up to $442 million in payouts as a bankruptcy judge approves the company's wind down. Do Kwon is still in jail in Montenegro as the extradition case remains unsolved.

• Satoshi-Era wallets move $16M in Bitcoin after 15 years of inactivity. It is unclear if all these wallets belong to the same person or entity.

🪂 Airdrops & Opportunities

• Aleo tokens claim is live for Ambassadors. Transfers are going to be available on Monday.

• The LayerZero airdrop claim period has ended. Unclaimed tokens are redistributed to the claimers. If you’re getting an error, use this trick.

• MagicEden announces that the token $ME will be launched on Solana.

• Restakers of Ether.fi, Swell, and others can check their EigenLayer allocation.

🤡 Degen Section

• Photon trading bot announces new updates. It supports Ethervista trading now.

• The largest holder of $WIF borrowed $4.5 million to buy 2.5 million more tokens. The whale now holds 31.2 million of WIF worth $57.4 million.

• A new market on Polymarket opens — will RFK divorce his wife? Yes, we’re betting on divorces now.

• Iggy Azalea is set to launch the online casino Motherland, giving a boost to the $MOTHER token.

🔒 Security

• BingX has been exploited for around $52 million. Withdrawals and deposits were temporarily delayed, but already back to regular operations. BingX will compensate its users.

• The Banana Gun trading bot reports its back end wasn’t compromised. The team believes the issue may stem from a front-end vulnerability.

• Brazilian police uncover a $9.7 billion crypto laundering scheme. Laundered funds were then transferred abroad to countries like the United States, Hong Kong, and the UAE.

🦁 Alpha & Insights

• Jump's “Frankendancer” validator client is now live on the Solana mainnet. And the completely new Firedancer client is now running on testnet, signaling its progress toward maturity.

• Fuse announces Fuse Pay, a virtual Visa card allowing users to spend stablecoins directly from their Fuse Wallet on Solana.

• Solana-based memecoin Bonk Inu announces the launch of $BONK ETP in the US, paving the way for the first-ever $BONK ETF.

📈 Other Metrics & Numbers

• Ethereum Foundation sold 300 ETH worth $760,000 once again.

• Gold jumps to a new all-time high. Again.

• $40 million worth of crypto on Ethereum, its L2s, and other popular chains were bridged to Solana within the last week.

😶‍🌫️ 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.