🌶️ PayPal allows businesses to buy, sell & hold crypto

While Bitcoin ranges, looks like meme coins, especially pet coins are exploding. Starting with $WIF and $POPCAT, $MOODENG is the hottest new thing. It managed to reach a $100 million market cap just in two weeks. And of course, new millionaires were made.

Moreover, bullish news and institutions stepping in keep going. Paypal follows the banks and expands their adoption. Uptober is only a few days away and looks like everyone has just started engines. The next stop — very very high (I hope so).

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

• VanEck is bullish on Solana

• K. Harris in favor of crypto (or says so)

• Add wallet to Grass ASAP

• BlackRock is holding billions in crypto

• Record Bitcoin ETF inflows

• and more…

📰 Crypto & Finance News

• PayPal will enable U.S. business customers to buy, sell, hold, and transfer cryptocurrency.

• Chinese banks have accumulated a $100 billion short position against the U.S. dollar.

• The judge ruled that Green Box miners qualify as securities. According to Judge Allen, the SEC has successfully argued that Green Boxes, which are computer hardware and hosting agreements, meet the criteria for securities.

• Democratic presidential nominee Kamala Harris, in a Wednesday speech at the Economic Club of Pittsburgh, expressed her desire for the U.S. to "remain dominant" in blockchain and digital assets.

🪂 Airdrops & Opportunities

• Grass reminds us to add a Solana wallet before September 30th, 8 pm ET.

• Jumper Exchange and Rootstock raffle for 2 Pudgy Penguins. Bridge $69 to Rootstock and you’re in.

• Check all your EigenLayer Season 2 allocations in one place.

• The new Berachain mission is live. Go!

🤡 Degen Section

• $POPCAT keeps rising and hits the $1 billion market cap again.

• Solana memecoin $MOTHER by Iggy Azalea reclaims $100M market cap.

• Moo Deng is now getting all the attention to the crypto space. Meme coins season is still on.

🔒 Security

• Coinbase-backed Truflation has been compromised, resulting in the theft of $4.6 million.

• The wallet in the Telegram app has been temporarily blocked for UK users due to restructuring.

• The WazirX hacker is close to completing the laundering of $230 million in stolen funds.

🦁 Alpha & Insights

• VanEck predicts SOL could reach 50% of Ethereum's market cap.

• Upcoming $5.8 billion Bitcoin options expiry may increase market volatility, analysts predict.

• Tokenized assets are projected to surpass $20 billion over the next year, according to CF Benchmarks.

📈 Other Metrics & Numbers

• BlackRock has acquired 354,173 BTC, valued at $22.49 billion, since January.

• This trader turned $1,331 into $3.4 million in just 15 days, a 2,554x return. He spent 9.8 SOL ($1,331) to buy 38.7 million $MOODENG on September 10th, now valued at over $3.4 million.

• U.S. spot Bitcoin ETFs record net inflows of $105.84 million, extending a three-day inflow streak.

😶‍🌫️ 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.