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More than 1 billion messages have been sent on Wormhole, and Axelar has seen interchain transactions increase by 478%
Arbitrum is the first multichain expansion destination for Real Yield ETH
A lawyer for Genesis put the value of the Grayscale shares around $1.6 billion
Bitwise Chief Investment Officer Matt Hougan says he expects a “secondary acceleration” for spot bitcoin ETF flows in a few months
Bitcoin came close to breaking through $52,000 Wednesday morning in New York, recovering from losses spurred by Tuesday’s hotter-than-expected inflation data
Bitcoin forks struggle against BTC, with BCH, BSV, and XEC down significantly since November 2021 high.
With 645 transactions, Tap Protocol leads the Ordinals network, hinting at a DeFi distruption on Bitcoin.
- 02:02Catizen: The registration for depositing CATI tokens into the on-chain non-custodial wallet is expected to open at 6 PM todayChainCatcher announcement, Catizen has posted on platform X that the registration for CATI token deposits to non-custodial wallets on-chain is expected to open at 6 PM Singapore time today. After deposit registration, CATI tokens will be distributed to users' wallets after 6 PM tomorrow.
- 01:54Former FTX executive Ryan Salame and partner Michelle Bond deny allegations of campaign finance violationsAccording to Golden Finance, Michelle Bond, the partner of former FTX co-CEO Ryan Salame, pleaded not guilty in the Southern District Federal Court of New York to four charges of campaign finance violations. These charges include conspiracy to cause illegal campaign contributions, causing and accepting excessive campaign donations, causing and accepting illegal corporate donations, and causing and accepting conduit contributions. The charges stem from allegations that Bond concealed the source of funds during her 2022 run for a Republican seat in the U.S. House of Representatives. It is alleged that Salame arranged for FTX to fund her campaign with $400k while Bond is accused of making false statements to the Federal Election Commission (FEC) and Congressional committees. Notably, Salame had previously pleaded guilty and was sentenced to 90 months imprisonment but requested court withdrawal after Bond was charged claiming his plea was based on prosecutor's promise not to investigate his partner. Judge Lewis Kaplan stated he would consider whether or not to withdraw Salame's plea. Currently, Bond has been released on a bail bond worth one million dollars but is restricted from traveling outside mainland USA. Judge George Daniels has scheduled a pretrial conference for January 2025. In criminal cases involving FTX and Alameda Research as at September 18th only Salame & SBF have been sentenced with prison terms; sentencing hearings for other executives involved will take place over the next few months.
- 01:53CICC: The Federal Reserve's initial rate cut of 50bp is the fourth in history, partially exceeding market expectationsBlockBeats reports that on September 19, in response to the Federal Reserve's 50bp rate cut, CICC commented that a 50bp rate cut is an unconventional start and partially exceeds market expectations. This 50bp rate cut aligns with the expectations of CME interest rate futures but surpasses many Wall Street investment bank forecasts, marking it as an "unconventional" start. Historically, a starting point of a 50bp rate cut only occurs during economic or market emergencies such as the tech bubble in January 2001, financial crisis in September 2007, and pandemic in March 2020.