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- 🌶️ A real bloodbath of stocks and crypto - more than a trillion $ washed out
🌶️ A real bloodbath of stocks and crypto - more than a trillion $ washed out
North Korean hackers target crypto ETFs
mentionmuch
September 04, 2024
Yesterday was a real bloodbath, the US stock market lost loads of money, and of course, crypto followed the steps. Huge outflows of Bitcoin and Ethereum ETFs. No clear signs of the market going up at the moment. Huh, but well, this is just a regular September probably.
On the positive side, Jim Cramer gets very bearish, which means we should be okay. This is an old joke of crypto space lurkers and not financial advice.
Here is what else you’ll find in today’s edition:
North Korean hackers target ETFs
Nvidia got a subpoena from the US DOJ
Ripple to launch new stablecoin
and more…
📰 Crypto & Finance News
Nvidia was subpoenaed by the US DOJ, according to Bloomberg News. It is related to AI heavyweight's antitrust practices.
Even 464,000 Americans are working 2 full-time jobs. This is an all-time high.
Donald Trump’s Crypto Project to Utilize Aave and Ethereum. AAVE price goes up after this news.
Japanese finance regulator seeks lower taxes on crypto in 2025. Bullish for Japan.
🪂 Airdrops & Opportunities
Kucoin launches free mini-game on Telegram. Start collecting points while it’s in the early stage.
Elys implements new anti-sybil mechanics in season 2 of an airdrop. Here is what you need to know and what steps to take.
As we already feel Zora airdrop is around the corner, this NFT called Kaira Mythos: Phoenix should be minted to be on the safe side.
🤡 Degen Section
D. Trump is leading against K. Harris on Polymarket. 51% vs 48% and almost $800 million in already in bets.
A new Ethereum platform, EtherVista, has reportedly enabled a crypto trader to earn $670,000 in just two days from a purchase of Vista tokens, according to Arkham Intelligence.
🔒 Security
FBI warns that North Korean hackers are targeting crypto ETFs.
Defi protocol Penpie hacked for $27 million. No surprise token goes down by 40%.
🦁 Alpha & Insights
Shiba Inu team launched a game called “Agent Shiboshi” on iOS and now it is available on the App Store.
Analysts speculate that Bitcoin price could go down by 20% after the expected rate cut. It is against our logic, isn’t it?
Samsung Next invests in Startale Labs following blockchain partnership with Sony.
📈 Other Metrics & Numbers
Bitcoin spot ETFs face $287 million outflows. The largest numbers since May. I don’t like seeing this.
Over $1.05 trillion was wiped out of the US stock market yesterday.
😶🌫️ 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.