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Article
What is USDT backed by? Will Tether shut down?How the world’s largest stablecoin issuer responds to claims about USDT reserves, audits, and trading risks Tether, the issuer of the largest stablecoin, has been accused of lacking transparency into the reserves of its flagship USDT token. Consumers’ Research, a consumer advocacy group, claims that the company has not conducted a full audit of its assets, Cointelegraph reported. The group calls Tether the “new FTX,” predicting fears that it will repeat the fate of the failed exchange. The report is accompanied by an open letter to U.S. governors that addresses the opacity of Tether’s activities. In addition, the group has published public service announcements on the radio and set up a dedicated website detailing these claims.

What is USDT backed by? Will Tether shut down?

How the world’s largest stablecoin issuer responds to claims about USDT reserves, audits, and trading risks
Tether, the issuer of the largest stablecoin, has been accused of lacking transparency into the reserves of its flagship USDT token. Consumers’ Research, a consumer advocacy group, claims that the company has not conducted a full audit of its assets, Cointelegraph reported.
The group calls Tether the “new FTX,” predicting fears that it will repeat the fate of the failed exchange. The report is accompanied by an open letter to U.S. governors that addresses the opacity of Tether’s activities. In addition, the group has published public service announcements on the radio and set up a dedicated website detailing these claims.
Article
Jeremy Allaire announces Circle headquarters move to the United StatesJeremy Allaire, CEO of Circle, the issuer of USDC, the second-largest stablecoin by market value, announced that the company’s headquarters will be moved to New York. Jeremy Allaire took a virtual tour of the company’s new offices in the Central Building at One World Trade Center in Lower Manhattan via the X social network. "Today we celebrate the opening of our new headquarters. We were joined in New York by industry representatives, policymakers, and key partners who have played a critical role in Circle’s growth and success. Join us on this phase of our journey. We are investing in New York. We are investing in America," Allaire wrote.

Jeremy Allaire announces Circle headquarters move to the United States

Jeremy Allaire, CEO of Circle, the issuer of USDC, the second-largest stablecoin by market value, announced that the company’s headquarters will be moved to New York.
Jeremy Allaire took a virtual tour of the company’s new offices in the Central Building at One World Trade Center in Lower Manhattan via the X social network.
"Today we celebrate the opening of our new headquarters. We were joined in New York by industry representatives, policymakers, and key partners who have played a critical role in Circle’s growth and success. Join us on this phase of our journey. We are investing in New York. We are investing in America," Allaire wrote.
Article
Stephen Lubka: Bitcoin will hit six figures regardless of US election outcomeStephen Lubka, director of the cryptocurrency exchange Swan Bitcoin, expects that the value of Bitcoin will grow to six figures by 2025. At the same time, in his opinion, the growth rate of the first cryptocurrency does not depend on the election results in the United States. Steven Lubka said his prediction is based on his belief and analysis of Bitcoin’s historical price trajectory, which has been influenced more by global fiscal and monetary conditions than by any political events. “I believe that by 2025, Bitcoin will be worth six figures. In the meantime, whoever wins the presidential election will come to such a conclusion,” Lubka said.

Stephen Lubka: Bitcoin will hit six figures regardless of US election outcome

Stephen Lubka, director of the cryptocurrency exchange Swan Bitcoin, expects that the value of Bitcoin will grow to six figures by 2025. At the same time, in his opinion, the growth rate of the first cryptocurrency does not depend on the election results in the United States.
Steven Lubka said his prediction is based on his belief and analysis of Bitcoin’s historical price trajectory, which has been influenced more by global fiscal and monetary conditions than by any political events.
“I believe that by 2025, Bitcoin will be worth six figures. In the meantime, whoever wins the presidential election will come to such a conclusion,” Lubka said.
Article
Analysts have found reasons for a correction in Bitcoin and the entire cryptocurrency market next week. What kind of person is he?Next week will be the meeting of the Federal Open Market Committee (FOMC), during which the representatives of the Federal Reserve will reduce the country's base interest rate. The general consensus is that bankers will cut interest rates by 25 basis points, or 0.25%, for the first time in several years. In theory, this will give assets more incentive to grow due to increased liquidity and capital availability, but the event itself may cause the market to shrink. Bitcoin once again surpassed $60,000 this morning. On the day, the cryptocurrency is up 3.7%, while its weekly gain is over 10%. Hourly chart of Bitcoin exchange rate on Binance cryptocurrency exchange

Analysts have found reasons for a correction in Bitcoin and the entire cryptocurrency market next week. What kind of person is he?

Next week will be the meeting of the Federal Open Market Committee (FOMC), during which the representatives of the Federal Reserve will reduce the country's base interest rate. The general consensus is that bankers will cut interest rates by 25 basis points, or 0.25%, for the first time in several years. In theory, this will give assets more incentive to grow due to increased liquidity and capital availability, but the event itself may cause the market to shrink.
Bitcoin once again surpassed $60,000 this morning. On the day, the cryptocurrency is up 3.7%, while its weekly gain is over 10%.

Hourly chart of Bitcoin exchange rate on Binance cryptocurrency exchange
Article
Artificial Intelligence to Determine Bitcoin Price by the End of the YearArtificial intelligence (AI) company OpenAI released its latest cutting-edge model, o1, on September 12. To test its capabilities, the tool was tasked with predicting the price of Bitcoin (BTC) by the end of 2024. In its bullish outlook, o1 believes that Bitcoin could “experience significant upward momentum” and break through all-time highs. Conservative forecasts suggest that BTC prices will be between $80,000 and $100,000 by the end of the year. The pessimistic forecast suggests that the price of Bitcoin will remain between $60,000 and $70,000 by the end of December 2024. This occurs against the backdrop of “adverse regulatory actions, macroeconomic downturn, or continued negative sentiment.”

Artificial Intelligence to Determine Bitcoin Price by the End of the Year

Artificial intelligence (AI) company OpenAI released its latest cutting-edge model, o1, on September 12. To test its capabilities, the tool was tasked with predicting the price of Bitcoin (BTC) by the end of 2024.
In its bullish outlook, o1 believes that Bitcoin could “experience significant upward momentum” and break through all-time highs. Conservative forecasts suggest that BTC prices will be between $80,000 and $100,000 by the end of the year.
The pessimistic forecast suggests that the price of Bitcoin will remain between $60,000 and $70,000 by the end of December 2024. This occurs against the backdrop of “adverse regulatory actions, macroeconomic downturn, or continued negative sentiment.”
Article
Binance Urges Caution Over Clipper MalwareClipper malware alters wallet addresses during transactions and steals crypto investors' funds, Binance warns. Clipper is a sneaky malware that causes assets to be involuntarily transferred to a scammer's wallet, the crypto exchange's official account says.

Binance Urges Caution Over Clipper Malware

Clipper malware alters wallet addresses during transactions and steals crypto investors' funds, Binance warns.
Clipper is a sneaky malware that causes assets to be involuntarily transferred to a scammer's wallet, the crypto exchange's official account says.
Article
Polygon POL (MATIC) Token Up 15% on Binance ListingPolygon's native POL token surged 15% on Friday after crypto giant Binance announced it had added the token to its platforms, marking the completion of the token's upgrade and rebranding from the long-running MATIC. POL jumped to nearly $0.45 from $0.38 earlier today, hitting its highest price since late August. It has recently pared some of its gains, but the token is still up 15% in the last 24 hours, outperforming the nearly flat Bitcoin (BTC). It was also the best-performing asset on the CoinDesk 20 Index benchmark for the broader market over that period.

Polygon POL (MATIC) Token Up 15% on Binance Listing

Polygon's native POL token surged 15% on Friday after crypto giant Binance announced it had added the token to its platforms, marking the completion of the token's upgrade and rebranding from the long-running MATIC.
POL jumped to nearly $0.45 from $0.38 earlier today, hitting its highest price since late August. It has recently pared some of its gains, but the token is still up 15% in the last 24 hours, outperforming the nearly flat Bitcoin (BTC). It was also the best-performing asset on the CoinDesk 20 Index benchmark for the broader market over that period.
Article
Binance to Give Away $1 Million in BNB to Vietnam Typhoon VictimsCryptocurrency exchange Binance has announced a $1 million BNB airdrop for users affected by Typhoon Yagi in Northern Vietnam. To support those impacted by Typhoon Yagi in Northern Vietnam,#Binancewill airdrop up to $1 million in#BNBto users in the region. Our deepest condolences to all affected by this devastating disaster. More information here ⤵️https://t.co/sopBbP5tu2 — Binance (@binance) September 13, 2024

Binance to Give Away $1 Million in BNB to Vietnam Typhoon Victims

Cryptocurrency exchange Binance has announced a $1 million BNB airdrop for users affected by Typhoon Yagi in Northern Vietnam.
To support those impacted by Typhoon Yagi in Northern Vietnam,#Binancewill airdrop up to $1 million in#BNBto users in the region.

Our deepest condolences to all affected by this devastating disaster.

More information here ⤵️https://t.co/sopBbP5tu2
— Binance (@binance) September 13, 2024
Market Value of Tokenized Real Assets Binance ResearchRWAs continue to grow, fueled by tokenized US Treasury bonds. BlackRock's market value is more than $500 million. The market value of real assets (RWAs) on the blockchain, excluding stablecoins, continues to grow, indicating continued investor interest in the tokenization of traditional blockchain-based assets.

Market Value of Tokenized Real Assets Binance Research

RWAs continue to grow, fueled by tokenized US Treasury bonds.
BlackRock's market value is more than $500 million.
The market value of real assets (RWAs) on the blockchain, excluding stablecoins, continues to grow, indicating continued investor interest in the tokenization of traditional blockchain-based assets.
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Bearish
Results of the day, September 13 ⚡️MicroStrategy acquired 18,300 BTC for $1.1 billion 🪙 Consumers Research criticized Tether for lack of transparency regarding reserves. 🇷🇺 Aksakov said that cryptocurrency trading in Russia will be regulated by November. 💎 The Revolut platform added support for TON - at the moment, the coin is available to users from the UK and the EU. 🪙 Robert Kiyosaki believes that the real problem is the US debt of $35 trillion. He recommends saving real money - gold, silver and Bitcoin. 🐹 The number of launched shits on Pump Fun has exceeded 2 million - however, only 92 tokens have a capitalization exceeding $1 million (0.004% of the total). 📊 A shit trading enthusiast made and lost $1,200,000 on a meme token. 🤡 The Securities and Exchange Commission (SEC) said that when it said “securities,” it never meant that the tokens were actually securities. 🇻🇳 Cryptocurrency exchange Binance announced a $1,000,000 BNB airdrop for users affected by Typhoon Yagi in Northern Vietnam.#AirdropGuide #BinanceTurns7 #TopCoinsJune2024 #ЛюбимыйТокен #IntroToCopytrading
Results of the day, September 13

⚡️MicroStrategy acquired 18,300 BTC for $1.1 billion

🪙 Consumers Research criticized Tether for lack of transparency regarding reserves.

🇷🇺 Aksakov said that cryptocurrency trading in Russia will be regulated by November.

💎 The Revolut platform added support for TON - at the moment, the coin is available to users from the UK and the EU.

🪙 Robert Kiyosaki believes that the real problem is the US debt of $35 trillion. He recommends saving real money - gold, silver and Bitcoin.

🐹 The number of launched shits on Pump Fun has exceeded 2 million - however, only 92 tokens have a capitalization exceeding $1 million (0.004% of the total).

📊 A shit trading enthusiast made and lost $1,200,000 on a meme token.

🤡 The Securities and Exchange Commission (SEC) said that when it said “securities,” it never meant that the tokens were actually securities.

🇻🇳 Cryptocurrency exchange Binance announced a $1,000,000 BNB airdrop for users affected by Typhoon Yagi in Northern Vietnam.#AirdropGuide #BinanceTurns7 #TopCoinsJune2024 #ЛюбимыйТокен #IntroToCopytrading
Article
Santiment: Bitcoin Whales Brace for High Market Volatility -Experts from the analytical platform Santiment reported that large holders of the first cryptocurrency are preparing for high volatility in the market - the number of transactions of Bitcoin whales fell by 33.6% by mid-August. Since the beginning of last month, the number of transactions worth more than $100,000 has remained in the range of 55,000 to 59,000 per week.

Santiment: Bitcoin Whales Brace for High Market Volatility -

Experts from the analytical platform Santiment reported that large holders of the first cryptocurrency are preparing for high volatility in the market - the number of transactions of Bitcoin whales fell by 33.6% by mid-August.
Since the beginning of last month, the number of transactions worth more than $100,000 has remained in the range of 55,000 to 59,000 per week.
Article
CelaCare demands return of USD 1 million sent to wrong addressPharmaceutical company CelaCare has filed a lawsuit in the U.S. District Court for the District of Massachusetts, asking Circle to compensate it for 1 million USDC stablecoins it lost. The drugmakers claim they accidentally sent them to the wrong Ethereum address. The complaint states that CelaCare CEO Kenneth Yates made a mistake by sending USDC to an “uncontrolled address.” The error occurred when copying the address sent by the counterparty — Yates’ computer transcribed the letter B as the number 8. CelaCare claims that Yates sent the cryptocurrency to an address that no longer has an owner, so the 1 million USDC can be considered destroyed.

CelaCare demands return of USD 1 million sent to wrong address

Pharmaceutical company CelaCare has filed a lawsuit in the U.S. District Court for the District of Massachusetts, asking Circle to compensate it for 1 million USDC stablecoins it lost. The drugmakers claim they accidentally sent them to the wrong Ethereum address.
The complaint states that CelaCare CEO Kenneth Yates made a mistake by sending USDC to an “uncontrolled address.” The error occurred when copying the address sent by the counterparty — Yates’ computer transcribed the letter B as the number 8. CelaCare claims that Yates sent the cryptocurrency to an address that no longer has an owner, so the 1 million USDC can be considered destroyed.
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Bearish
🪙 The Wall Street Journal published an article about USDT and Tether's business, the main points: 1️⃣ $190 billion passes through Tether every day — approximately the same amount passes through Visa cards. 2️⃣ USDT has become the main tool for transferring assets abroad, and Russia, Venezuela, and Iran use USDT to bypass sanctions and deals with China. 3️⃣ Tether is creating a parallel economy that operates beyond the reach of US law enforcement. 4️⃣ The company blocks a small amount of "dirty USDT" — this is just for show. #BinanceBlockchainWeek #BTC #BNB #binance #Bitcoin $USDC
🪙 The Wall Street Journal published an article about USDT and Tether's business, the main points:

1️⃣ $190 billion passes through Tether every day — approximately the same amount passes through Visa cards.

2️⃣ USDT has become the main tool for transferring assets abroad, and Russia, Venezuela, and Iran use USDT to bypass sanctions and deals with China.

3️⃣ Tether is creating a parallel economy that operates beyond the reach of US law enforcement.

4️⃣ The company blocks a small amount of "dirty USDT" — this is just for show.

#BinanceBlockchainWeek #BTC #BNB #binance #Bitcoin $USDC
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Bearish
Daily Results, September 10 🪙 USDT reserves on CEX exchanges have been growing rapidly since August. 👁 Roskomnadzor wants to spend almost 60 billion rubles on a new VPN blocking system. 🕵️‍♂️ The FBI reports that Americans lost $5.6 billion in 2023 due to cryptocurrency fraud - more than 69,000 complaints were filed during the entire reporting period. 🏦 Sberbank spoke about its attitude to cryptocurrencies.#BinanceBlockchainWeek #BTC #BNB #binance #Bitcoin 💎 The daily number of transactions on the TON blockchain exceeded 11.6 million. ⚒ MTS has learned to find any gray mining farm in Russia - for this, they use artificial intelligence and big data clusters. 🇧🇷 The Brazilian tax service uses AI to detect money laundering and tax evasion transactions using cryptocurrencies. 🪙 Tron and Tether have created an alliance to combat the illegal use of USDT. 💤 Over the past 2 months, 16 ancient addresses have woken up out of 2199 BTC in the account. 🇦🇪 Financial conglomerate Standard Chartered has received approval from the UAE regulator to provide cryptocurrency storage services.
Daily Results, September 10

🪙 USDT reserves on CEX exchanges have been growing rapidly since August.

👁 Roskomnadzor wants to spend almost 60 billion rubles on a new VPN blocking system.

🕵️‍♂️ The FBI reports that Americans lost $5.6 billion in 2023 due to cryptocurrency fraud - more than 69,000 complaints were filed during the entire reporting period.

🏦 Sberbank spoke about its attitude to cryptocurrencies.#BinanceBlockchainWeek #BTC #BNB #binance #Bitcoin

💎 The daily number of transactions on the TON blockchain exceeded 11.6 million.

⚒ MTS has learned to find any gray mining farm in Russia - for this, they use artificial intelligence and big data clusters.

🇧🇷 The Brazilian tax service uses AI to detect money laundering and tax evasion transactions using cryptocurrencies.

🪙 Tron and Tether have created an alliance to combat the illegal use of USDT.

💤 Over the past 2 months, 16 ancient addresses have woken up out of 2199 BTC in the account.

🇦🇪 Financial conglomerate Standard Chartered has received approval from the UAE regulator to provide cryptocurrency storage services.
Article
10x Research: Sharp Fed Rate Cut Will Negatively Affect Bitcoin Price10x Research experts have published a forecast for the Bitcoin market's reaction to the Fed's rate cut. Analysts pointed out that a sharp change in course would likely cause a decline rather than a rise. The Fed's sharp turnaround, followed by a 50 basis point (0.5%) interest rate cut, is likely to have a negative impact on high-risk assets, including Bitcoin, CoinDesk reports, citing a report from 10x Research.

10x Research: Sharp Fed Rate Cut Will Negatively Affect Bitcoin Price

10x Research experts have published a forecast for the Bitcoin market's reaction to the Fed's rate cut.

Analysts pointed out that a sharp change in course would likely cause a decline rather than a rise.
The Fed's sharp turnaround, followed by a 50 basis point (0.5%) interest rate cut, is likely to have a negative impact on high-risk assets, including Bitcoin, CoinDesk reports, citing a report from 10x Research.
Article
Crypto Fund Outflows Second Largest This YearWithdrawals from cryptocurrency investment funds from September 1 to 7 amounted to $726 million, compared to $305 million the week before, according to data provided by CoinShares. Data: CoinShares. Analysts attributed the continued negative dynamics to macroeconomic data in the US, which increased the likelihood of the Fed cutting interest rates by 25 basis points. The pace weakened at the end of the week, as employment data divided the market opinion on the Fed's further steps, they added.

Crypto Fund Outflows Second Largest This Year

Withdrawals from cryptocurrency investment funds from September 1 to 7 amounted to $726 million, compared to $305 million the week before, according to data provided by CoinShares.

Data: CoinShares.
Analysts attributed the continued negative dynamics to macroeconomic data in the US, which increased the likelihood of the Fed cutting interest rates by 25 basis points. The pace weakened at the end of the week, as employment data divided the market opinion on the Fed's further steps, they added.
Article
Whales Bought $227 Million in Bitcoin (BTC)Cryptocurrency whales are aggressively buying Bitcoin (BTC), which could hint at a potential market recovery According to Spot On Chain, one major investor with the address “36LMb…” withdrew 999,999 BTC worth $55.09 million from the Binance crypto exchange last week. Bitcoin was trading at $55,114 at the time of the transaction.

Whales Bought $227 Million in Bitcoin (BTC)

Cryptocurrency whales are aggressively buying Bitcoin (BTC), which could hint at a potential market recovery
According to Spot On Chain, one major investor with the address “36LMb…” withdrew 999,999 BTC worth $55.09 million from the Binance crypto exchange last week. Bitcoin was trading at $55,114 at the time of the transaction.
Article
Report: Binance Users' Assets Are 100% BackedCrypto exchange Binance has conducted a monthly audit of its reserves. Clients' funds in bitcoins and other assets are more than 100% secured. Tether (USDT) stablecoin collateralization exceeds 112%. Cryptocurrency exchange Binance has released its monthly Proof-of-Reserves (PoR) report. The audit of reserves showed that the platform's users' assets are 100% secured.

Report: Binance Users' Assets Are 100% Backed

Crypto exchange Binance has conducted a monthly audit of its reserves.

Clients' funds in bitcoins and other assets are more than 100% secured.
Tether (USDT) stablecoin collateralization exceeds 112%.
Cryptocurrency exchange Binance has released its monthly Proof-of-Reserves (PoR) report. The audit of reserves showed that the platform's users' assets are 100% secured.
Article
Binance Coin (BNB) Rally May End SoonBinance Coin (BNB) showed some good momentum over the weekend, finally breaking the downward trend line. However, the rally may be short-lived We figure out what's wrong with Binance Coin (BNB) and why the cryptocurrency may not have enough strength to continue growing. Binance Coin Bears Take Over Earlier, on August 23, BNB managed to reach $600, which led to increased selling pressure. This pressure did not give the cryptocurrency a chance to overcome the resistance level and pushed its price below the descending trend line.

Binance Coin (BNB) Rally May End Soon

Binance Coin (BNB) showed some good momentum over the weekend, finally breaking the downward trend line. However, the rally may be short-lived
We figure out what's wrong with Binance Coin (BNB) and why the cryptocurrency may not have enough strength to continue growing.
Binance Coin Bears Take Over
Earlier, on August 23, BNB managed to reach $600, which led to increased selling pressure. This pressure did not give the cryptocurrency a chance to overcome the resistance level and pushed its price below the descending trend line.
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Bearish
Daily Summary, September 09 🔮 Bernstein predicts that if Trump wins the election, Bitcoin could reach $90,000, if Harris wins, the first cryptocurrency could fall to $30,000. 🪙 Chainalysis has been tracking Monero transactions through malicious nodes since 2021, violating the network's declared privacy. ☠️ McAfee Labs has discovered new malware for Android that steals private keys from screenshots in the phone's memory. 🌾 Tether, the issuer of the USDT stablecoin, has invested $100,000,000 in shares of Adecoagro, an agricultural giant in Latin America. 💎 Payment platform Alchemy Pay has added support for TON. 📊 Major trader Machi Big Brother, who spent 5,200 ETH ($16.7 million) to buy FRIEND, lost $16,000,000 — his tokens are now worth only $700,000. 🪙 American Bitcoin ETFs recorded the longest capital outflow — over the past 8 days, investors withdrew $1.2 billion. 🇸🇻 A taxi driver from El Salvador got rich thanks to the creation of a Bitcoin startup. 🇯🇵 Japan's largest electric power company Tokyo Electric Power plans to use renewable energy for Bitcoin mining. 🇮🇩 Binance subsidiary Tokocrypto received a full license in Indonesia.#BinanceBlockchainWeek #BTC #BNB #binance #Bitcoin
Daily Summary, September 09

🔮 Bernstein predicts that if Trump wins the election, Bitcoin could reach $90,000, if Harris wins, the first cryptocurrency could fall to $30,000.

🪙 Chainalysis has been tracking Monero transactions through malicious nodes since 2021, violating the network's declared privacy.

☠️ McAfee Labs has discovered new malware for Android that steals private keys from screenshots in the phone's memory.

🌾 Tether, the issuer of the USDT stablecoin, has invested $100,000,000 in shares of Adecoagro, an agricultural giant in Latin America.

💎 Payment platform Alchemy Pay has added support for TON.

📊 Major trader Machi Big Brother, who spent 5,200 ETH ($16.7 million) to buy FRIEND, lost $16,000,000 — his tokens are now worth only $700,000.

🪙 American Bitcoin ETFs recorded the longest capital outflow — over the past 8 days, investors withdrew $1.2 billion.

🇸🇻 A taxi driver from El Salvador got rich thanks to the creation of a Bitcoin startup.

🇯🇵 Japan's largest electric power company Tokyo Electric Power plans to use renewable energy for Bitcoin mining.

🇮🇩 Binance subsidiary Tokocrypto received a full license in Indonesia.#BinanceBlockchainWeek #BTC #BNB #binance #Bitcoin
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