In partnership with

Happy Monday All!

Here are 5 Things to Know in Crypto This Week… 👇💡

Bitcoin Ends Historic September With Slight Dip, Breakout May Not Come Before U.S. Election 🎢

• Bitcoin dipped 3.7% over the past 24 hours, but BTC is set to finish September with a nearly 7% return, marking its best September performance since 2013.

• Crypto-related stocks also saw significant declines, with bitcoin miners and exchanges like Marathon Digital, Bitdeer, Hut 8, CleanSpark, and Coinbase falling between 5%-10%.

• Traditional markets showed mixed performance, with U.S. equity indexes flatlining and European markets selling off 1%-2%. Japan's Nikkei plunged 5% following comments from incoming PM Shigeru Ishiba.

• View Full Article

FTX Creditors Expect Only 10% to 25% of Crypto Holdings to Be Recovered 🤬

• FTX creditors will get back only 10–25% of their cryptocurrency holdings, based on asset values at the time of the bankruptcy filing when Bitcoin was around $16,000.

• The court filing, shared by FTX creditor and activist Sunil Kavuri, has caused outrage within the FTX community.

• Creditors argue that cash-based payouts do not fairly compensate for their losses, as many FTX customers faced severe mental distress after losing their savings in Nov. 2022.

• View Full Article

Former Binance CEO Hints at Potential Next Steps 👨‍💼

• Former Binance CEO Changpeng Zhao (CZ) was released from US federal custody after serving a four-month prison sentence and paying a $50 million fine for a money laundering charge.

• As part of his plea deal, Zhao is barred from operating or managing Binance for three years, during which Richard Teng has taken over as CEO.

• CZ expressed satisfaction with Binance's performance under Teng's leadership and plans to take on new roles in the crypto space, focusing on investing in blockchain, decentralized tech, and AI.

• View Full Article

Digital-Asset Manager Kin Launches $100M Tokenized Real Estate Fund on Chintai Network 💸

• Kin Capital has launched a $100 million tokenized real estate debt fund on the Chintai network, targeting institutional investors.

• The fund offers a projected annual return of 14%-15% and is accessible to accredited investors with a minimum investment of $50,000.

• The initial offering is a $5 million tranche, with further offerings planned through 2024 and early 2025.

• Chintai, a layer-1 blockchain focused on real-world assets (RWAs), is regulated by the Monetary Authority of Singapore and uses its native token CHEX.

• View Full Article

Harris or Trump? How Lobbyists Made Sure Crypto Wins No Matter What 🗳️

• The crypto industry has invested $204 million into the 2024 US election, significantly influencing political campaigns.

• Both Vice President Kamala Harris and former President Donald Trump have adopted pro-crypto stances, ensuring a crypto-friendly president regardless of the election outcome.

• Harris has highlighted blockchain as crucial for US tech competitiveness, aiming to attract young male voters and Wall Street.

• Trump has launched a DeFi project with his sons, World Liberty Financial, and is selling tokens, though his motives are questioned.

• View Full Article

Thank you for reading this edition of Digital Asset Insights!

We’d love to hear from you!

This cannabis startup pioneered “rapid onset” gummies

Most people prefer to smoke cannabis but that isn’t an option if you’re at work or in public.

That’s why we were so excited when we found out about Mood’s new Rapid Onset THC Gummies. They can take effect in as little as 5 minutes without the need for a lighter, lingering smells or any coughing.

Nobody will ever know you’re enjoying some THC.

We recommend you try them out because they offer a 100% money-back guarantee. And for a limited time, you can receive 20% off with code FIRST20.

Shop Now