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Bitcoin Bulls Target $75K, FTX Set To Repay $16B, Polymarket Predicts Bitcoin ATH, & More!

M6 Labs Alpha Bytes 🚨: 30th September

Author

M6 Labs
September 30, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Bitcoin bulls eye $75k and higher as BTC registers three-week winning streak. Coinbase sees strong Q4 for Bitcoin, fueled by US rate cuts, China stimulus. Polymarket predicts 61% chance of 2024 Bitcoin all-time high, 17% for $100k. Meanwhile, Ethereum staking yields could outpace US rates. US election outcome won’t slow Q4 Bitcoin rally, says hedge fund. FTX to repay creditors $16B at petition date prices starting Monday. Polymarket flips The New York Times in “MAGAZINES & NEWSPAPERS” iOS app store ranking in the U.S.

BTC $64, 562 (-1.47%), ETH $2, 637 (-0.35%), SOL $157.45 (+1.18%)

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Crypto News 📰 

  • Bitcoin’s bearish September may be its best since 2013 ahead of bullish October

  • Bitcoin, ether weaken ahead of Powell’s speech, non-farm payroll data this week

  • Investors are now looking to the upcoming Monday speech from Fed Chair Jerome Powell

  • BlackRock’s spot Ethereum ETF surpasses $1B in value for the first time

  • Vitalik Buterin proposes metrics to measure ‘Ethereum alignment’

  • Mango DAO and Mango Markets agree to settle SEC charges involving unregistered sale of MNGO tokens

  • US spot Bitcoin ETFs log highest inflow day since June, two-month high in total value

  • Ethereum liquid staking hits 14M ETH milestone, adding 1.77M in 2024

  • Bitcoin’s strong monthly close could spark a rally in XRP, TAO, RUNE and SEI

  • Matrixport acquires Swiss firm Crypto Finance to expand in Europe

  • Polymarket users complain of mysterious Google login wallet attacks

  • Ethereum transaction fees surge as blockchain activity ramps up: Coinbase

  • Tether aids DOJ in seizing $6M in assets tied to crypto scams

  • Hashprice gains give Bitcoin miners a much-needed boost after sluggish month

  • Senator Lummis predicts SEC Chair Gensler will step down next year if Trump is elected

  • BNY Mellon receives SEC approval to offer Bitcoin & crypto custody services

  • DeFi protocol Onyx hit with a $3.2M exploit, marking second attack within a year

  • Market awaits impact of $7.7B in expiring Bitcoin, Ethereum options

  • Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report

  • Former Chinese finance minister urges crypto study after US Bitcoin ETF shift

  • Bedrock bolsters security post-$2M hack, partners with Chainlink

  • Lawyer expects SEC to challenge XRP ruling as appeal deadline approaches

  • Estonia shows AI-powered decentralized networks could transform US policy

  • Ethereum game ‘Space Nation Online’ is first step for a star wars-like Epic IP

  • Velo Labs selects OpenEden’s tokenized U.S. treasury bills to back its stablecoin

  • Coinbase-linked crypto advocacy group endorses senate candidates—but skips controversial races

  • Leveraged MicroStrategy ETFs break $400M as ‘hot sauce arms race’ heat up

  • Chinese Stocks reach most overbought level in more than 4 years

  • U.S. Inflation will fall to 2% by early next year say group of economists 

  • CFTC sues over $3.6M digital asset fraud targeting asian americans

  • Initia raises $2.5M in under 2 hours on Cobie’s Echo at $250M token valuation

  • Crypto Fear & Greed Index jumps back into greed territory

  • Dutch Regulator warns of crypto Pump-and-Dump, new regulation to ban these schemes

  • Smart contract blockchains will become less cypherpunk, says VC boss

  • Dynamic Bitcoin Ordinals artwork will be first ever auctioned at Christie's

  • UK Gambling Commission charges Sorare for unlicensed facilities

  • Cantor Fitzgerald CEO says Bitcoin should be treated as a commodity like gold and oil

  • John Deaton vows to fight federal CBDC, calls it ’a hill to die on’

  • Australia’s Vinyl Group hits the right note with $1.6M serenade crypto collectibles deal

  • Fed’s dovish move will slash $625M in interest income for stablecoins

  • Moo Deng meme coin buyer turns $800 into $7.5M

  • $DOG token surges 450% after 5 pm ET Moonshot listing, boasts trillion dollar liquidity

  • Bitcoin FOMO is back: $70k and then new record highs in sight, says analyst

  • MOO DENG flipped Ethereum in worldwide Google search interest

  • Swan Bitcoin claims ex-employees 'stole' its mining business at Tether’s direction

  • ‘Hamster Kombat’ token tops $1B in trading as TON survives massive airdrop

  • Japan’s Nikkei dumps on new PM statements

  • Solana memecoin $MOODENG flips stablecoin $USDT (on Solana) in 24h onchain volume

  • CNN reports on Solana memecoin $MOODENG 

  • User loses $32M spWETH in a sophisticated phishing attack

  • Staking Protocol Bug let users swap one Bitcoin for one Ethereum

  • Bolivian crypto transactions soar after lifting Bitcoin ban

  • FBI seizes $6M from crypto scammers targeting US citizens

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