JSpro

@jspro

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Magic Eden CEO Jack Lu shared his vision for the platform, enabling users to trade all on-chain assets in one app by year-end, similar to Binance or Coinbase. Magic Eden will support 10 chains, offering NFT trading, Solana token trading, rune trading, and cross-chain swaps. The ME token will drive growth, with a commitment to lock team tokens for at least 18 months post-TGE. Long-term users will also be rewarded through ME integration 👀 https://x.com/0xLeoInRio/status/1848469552302330372

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A British man is suing Newport City Council for £495 million ($647 million) after accidentally discarding a hard drive containing 8,000 Bitcoins in a landfill 👀 The council has repeatedly refused his requests to excavate the site to retrieve the drive. https://cointelegraph.com/news/british-man-sues-council-640m-lost-bitcoin-landfill

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The Dutch Authority for Financial Markets (AFM) warns investors about crypto "pump-and-dump" schemes, noting the upcoming December 30th implementation of the Markets in Crypto-Assets (MiCA) regulation 👀 MiCA aims to increase transparency and combat market manipulation. While the AFM plans stricter enforcement, concerns exist that MiCA might drive crypto businesses to the Middle East, increasing centralization. https://cointelegraph.com/news/afm-crypto-pump-and-dump-warning-micar-regulation

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Elon Musk lost a legal case to a former Twitter employee over unpaid severance. After Musk’s 2022 takeover of Twitter, he laid off more than half the staff, leading to claims from over 2,000 former employees. Last week's ruling may set a precedent for similar cases. https://www.theinformation.com/articles/openai-rival-anthropic-has-floated-40-billion-valuation-in-early-talks-about-new-funding

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At a fundraising event in Manhattan, U.S. presidential candidate Kamala Harris highlighted her plan to foster innovation, including AI and digital assets 👀 Harris pledged to unite workers, small business founders, and corporations to invest in America’s competitiveness and future, while ensuring consumer and investor protection. This marks her first direct statement on cryptocurrency as a Democratic candidate 🤔 https://www.bloomberg.com/news/articles/2024-09-22/harris-vows-to-grow-ai-crypto-industries-in-pitch-to-nyc-donors

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Over the past 3 weeks, Ethereum’s transaction fees (7-day moving average) surged from $0.85 on Sept 1 to $3.52 by Sept 21. This also drove Ethereum's burn rate up 1,600%, from 80.27 ETH to 1,360 ETH. Despite these increases, active accounts dropped 11%, hitting a yearly low of 385,000 👀 https://www.theblock.co/post/316533/ethereum-transaction-fees-surge-even-as-active-accounts-fall-to-year-to-date-lows

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Top trader Eugene Ng Ah Sio posted that SOL breaking $150 will be the final confirmation of an upcoming bull market 👀 He noted that SOL has repeatedly tested and held the $120 support, and another L1 chain has doubled in value while SOL remains low. https://x.com/0xENAS/status/1836978044097155560

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QCP Capital reports that US CPI data met expectations, with core CPI rising 0.3%, boosting the chances of a 25 bps Fed rate cut to 85% 👀 BTC rebounded to $57,000, showing strong demand as investor sentiment turned bullish. More investors are buying October-December call options, while BTC volatility dropped 12 points this week. With no major macro events ahead, volatility is expected to stay low until the Fed meeting, as the market gains momentum from potential rate cuts and the upcoming US election. https://t.me/QCPbroadcast/1318

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Musk commented on the U.S. presidential debate, saying Harris exceeded expectations but believes Trump would perform better in office 👀 He questioned why Harris hasn't achieved significant results, noting her increased influence due to Biden's low work rate. Musk framed the election as a choice between continuity and change. https://x.com/elonmusk/status/1833743479773818939

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Ethena announced on Discord that the airdrop check page is delayed until next Monday to ensure accuracy 👀 Season 2 airdrop ended on September 2, with 5% ENA as rewards. Users can check their ENA on September 16 and claim it starting September 30. https://discord.com/channels/1116668612275609701/1120278800945647696/1282946310638534688

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Ether.fi has proposed a Temp Check for its Season 4 airdrop, set to start on September 15. Each season runs for four months with unique rewards 👀 Loyalty points will accrue daily at a rate of 10,000 points per ETH, with up to 2 million ETHFI tokens available as rewards. The LRT² protocol aims to redistribute LRT rewards more efficiently and proposes allocating governance tokens to protocols joining ether.fi, developing a unified re-staking rewards layer. https://x.com/ether_fi_Fdn/status/1833315399749825018

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QCP analysis suggests the crypto market has stabilized after recent volatility, though implied volatility remains high 👀 Despite near-term noise and cautious sentiment, some institutions see this as a bottom, increasing bullish bets for December and March. Significant call options expiring in March 2025 (85k, 100k, 120k strikes) were purchased. https://t.me/QCPbroadcast/1315

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Bitcoin ATMs are rapidly growing in the U.S., raising concerns about cybersecurity threats 👀 Experts say these machines, unlike traditional ATMs, are prime targets for hackers due to the high value of cryptocurrencies. Although Bitcoin Depot, a major operator, claims their ATMs are secure with multiple layers of protection, users are still advised to be cautious of scams. https://www.cnbc.com/2024/09/08/biggest-risks-of-accessing-crypto-through-bitcoin-atm.html

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André Dragosch, Bitwise's Head of Research in Europe, noted that corporate buying alone has nearly absorbed all newly mined Bitcoin, which totals around 164,000 BTC annually 👀 This doesn’t account for other major buyers like ETFs, governments, exchanges, and DeFi platforms. The Bitcoin supply shortage is far more severe than most realize. https://x.com/Andre_Dragosch/status/1831906462572159094?t=BU3UemmOR1kW36_PMpf_mA&s=19

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Telegram founder Pavel Durov, after being arrested in France, addressed concerns, stating Telegram is not an "anarchist haven." 👀 He emphasized that millions of harmful posts are removed daily, transparency reports are published, and communication channels with NGOs are in place. With Telegram’s user base surging to 950 million, he acknowledged challenges with criminal misuse and made improving the situation his personal priority, with further updates to come soon. https://decrypt.co/248137/telegram-ceo-vows-to-significantly-improve-moderation-of-criminal-activity-after-arrest

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QCP Capital reported that US JOLTs job openings fell to their lowest since January 2021, while layoffs hit their highest since March 2023 👀 Markets now see a 50% chance of a 50 bps Fed rate cut in September. BTC hit $58,500 and ETH neared $2,500 during the US session but retraced in Asia. The BTC spot ETF outflow overnight was the lowest in six days (-$37.5M). BTC volatility rose 6% from this week’s low, and QCP expects it to remain elevated based on yesterday’s VMI signal. https://t.me/QCPbroadcast/1313

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The Eigen Foundation has announced the Stakedrop Season 2 details, aiming to reward key ecosystem contributors, including stakers and operators (ETH or EIGEN stakers during S2), ecosystem partners (AVS, LRT, Rollup, RaaS providers, and other contributors), and the community (early advocates and contributors). Token claims open by September 17 👀 https://x.com/eigenfoundation/status/1831375846097219707?t=xfFn8Wi9P6k4oJvedr0cBw&s=19

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QCP Capital reports that Bitcoin and Ethereum's Volatility Momentum Indicator (VMI) triggered an alert, signaling increased market volatility without indicating direction 👀 Historically, shifting from yield-generating strategies to long convexity (buying options) during such periods has optimized portfolio returns. https://t.me/QCPbroadcast/1311

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Arthur Hayes argues that despite the Fed's rate hikes, government spending is the main driver of inflation 👀 He predicts that rising U.S. Treasury yields and tight liquidity could lead to more volatility in both traditional and crypto markets. While short-term pressure may push Bitcoin lower, Hayes sees potential for a renewed bull market as liquidity returns. https://x.com/CryptoHayes/status/1831110090855719138?t=JORhse8TfhgNfT4XdPlE3Q&s=19

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Santiment notes that as the S&P 500 paused for Labor Day, Bitcoin showed signs of recovery 👀 The decoupling from stocks indicates crypto's strength. With rising trader pessimism and FUD, a potential rebound seems likely. https://x.com/santimentfeed/status/1830625666657849663?t=1Lj6hviWLUlWuPpTDRnzRw&s=19

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