Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Net Inflow of $321 million in Crypto Funds After Fed Rate Cut

Summary [ Gen-Z ]:

The Fed cut rates, making money cheaper, and it's flowing into crypto. Last week alone, $321M came in, with Bitcoin taking the lead while ETH, BNB, and ADA were in the red. Interestingly, $5.1M was used to bet against Bitcoin (Short Bitcoin). 

With the Fed's 50 bps rate cut, more cash might hit the market, but it's also a red flag that the economy needs a boost to stay afloat.

With the decision of Fed rate cut, new money is flowing into crypto. Last week’s inflow hit a record of $321 million.

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Based on data released by CoinShares, Bitcoin led the inflow of money while Ethereum, BNB, and Cardano remained negative. Meanwhile, $5.1m inflow went for “Short Bitcoin”.

After the decision of 50 bps rate cut by the Fed, the impacts can be deeper. Cheaper money might enter the market but this also signals a weaker economy that needs artificial boosting.

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KDX Exposed as Scam, Kaspa Issues Apology

KDX was a project that many people thought was real, but it turned out to be a scam. This means that the people behind KDX took money and disappeared, leaving many who trusted them very upset.

KRC-20 projects, trusted names in the Kaspa crypto world, have said they are sorry for what happened. Kaspa believed in KDX because the technology seemed to work fine when they tested it, and the person in charge of KDX was part of important groups, which made the project seem safe.

Now, everyone is being told to be careful. Before putting money into any project, it’s important to check if it’s real, ask questions if something doesn’t make sense, and take time to think before deciding.

This is a big lesson for everyone: always make sure something is safe before you trust it with your money.

Michael Saylor Ramps Up Bitcoin Buys At $1.01 Billion

Sep 20, 2023

Today Michael Saylor announced on his Twitter about the completion of the $1.01 Billion upsized convertible notes offering.

Following the rate cut decision by the Fed, Bitcoin is starting an uptrend reaching $64k earlier this morning. On top, Michael Saylor is using this strategy of buying billions of USD worth of Bitcoin.
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MicroStrategy is already holding more than 250k BTC and is still aggressively buying more. Bitcoin community and the whole crypto community are excited about this calling Michael Salyor the biggest Bitcoin degen.

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Which KRC-20 will be the best to mint now?

The Kaspa ecosystem is observing an increase in activity, especially with KRC-20 tokens gaining significant attention during their pre-mint stages.

Did you miss the KRC-20 token minting?

Don’t worry, we have a great list here.

  1. $BTAI – 98.26%
  2. $MAMA – 85.01%
  3. $ROCK – 83.62%
  4. $KASBOT – 76.54%
  5. $MAMBO – 90.2%
  6. $LION – 90.91%
  7. $KING – 90.91%
  8. $BANANA – 57.14%
  9. $WUKONG – 60%

Hurry up, if you’re late today, you’ll be late forever.

KRC-20 tokens, built on the Kaspa ecosystem, are showing great promise.

Donald Trump to Launch World Liberty Financial DeFi Project on September 16

Wyoming, U.S.A. The former President of the United States of America, Donald Trump, is releasing the date of the launch of his new decentralized finance, DeFi crypto creation, the World Liberty Financial.

In a new video update on the social media X, the Republican presidential nominee has stated that his DeFi platform that he has stated many times will be an opportunity to help those that the standard banking structures have locked out, will be going live on Monday, the 16th of September.

He says,

“Join me live on Twitter Spaces at 8pm, September 16th, for the launch of World Liberty Financial. We’re embracing the future with crypto and leaving the slow and outdated big banks behind.”

Earlier this month, the project issued the following statement regarding its roadmap: “The idea behind this project is to share the experience of USE, educate people about the US dollar-pegged stable coin, and introduce the topic of decentralized finance around the world”.

According to World Liberty Financial, stablecoins are the very essence of DeFi, and, therefore, they want to maintain that US dollar-linked tokens are the global settlement layer for DeFi protocols.

“Our mission is crystal clear: make crypto and America great by driving the mass adoption of stablecoins and decentralized finance. We believe that DeFi is the future, and we’re committed to making it accessible and secure for everyone.

By spreading U.S.-pegged stable coins around the world, we ensure that the US dollar’s dominance continues, securing America’s financial leadership and influence on the global stage.”

The project also shared that it is in partnership with cybersecurity firms and one of the largest decentralized finance platform, Aave (AAVE). Trump announced the plans for a project launch in early August already. It was popular at the time with the name called The DeFiant Ones.

Read More: Big Money Returns to Crypto! $436 Million Invested Again

Big Money Returns to Crypto! $436 Million Invested Again

After losing money for a few weeks, people are putting their money back into crypto!

According to CoinShares, a total of $436 million was invested again in cryptocurrencies after a lot of money left before.

Why did this happen?

Some experts believe that people are hopeful the Federal Reserve (a big group that controls money in the U.S.) will lower interest rates soon.

This makes people more willing to invest in things like Bitcoin.

weekly crypto asset flows US M Bitmala

Here’s what happened with the different cryptos:

  • Bitcoin got the most money, with $436 million coming in! Before this, Bitcoin was losing money for 10 days straight.
  • Short-Bitcoin, which is a type of bet against Bitcoin, lost $8.5 million because people stopped betting it would go down.
  • Ethereum didn’t do so well, losing $19 million. This happened because some people worry about how Ethereum is doing after a recent update.
  • Solana did great! It had money coming in for four weeks in a row, with $3.8 million in new investments.

People are investing again, but the total trading in crypto is still lower than usual.

But everyone is watching closely to see what happens next…

Read More: UK Brings New Law to Protect Digital Assets

Token Mint Heatmap Reveals Top-Performing Tokens

Wyoming, USA – A new map shows which digital tokens are the most popular right now. This map helps us see which tokens people are buying the most.

KRC 20 Token Mint Heatmap Bitmala

The most popular token is $NACHO. Other tokens like $GHOAD, $KCATS, $BTAI, and $PPKAS are also getting a lot of attention. This means many people want these tokens.

Other tokens like $KASPI, $KEKE, $KASHIN, $SILVER, $DOGE, and $GOAD are also being bought a lot. This could be because people like them or because there’s a lot of talk about them.

Even though this map shows what’s popular now, the world of digital tokens can change quickly. It’s always a good idea to learn more and be careful before buying any tokens.

UK Brings New Law to Protect Digital Assets

The UK has introduced a new law called the Property (Digital Assets, etc.) Bill. This law makes sure that digital assets like cryptocurrencies, NFTs, and carbon credits are treated as personal property, just like your house or car.

Before this, digital assets weren’t well protected by the law. If someone lost their crypto or NFTs because of fraud or theft, they didn’t have strong legal support. But with this new law, people and businesses who own digital assets will have clear rights to protect them.

Justice Minister Heidi Alexander explained that it’s important to update the laws as technology advances. She said this law will help courts handle issues involving digital assets, whether in a divorce case or a business dispute.

This law will also strengthen the UK’s legal system and position the country as a leader in the digital economy.

Kasper Token Set to Launch on Kaspa Network This Sunday

Excitement is building as the official launch of Kasper, a new token on the Kaspa network, is confirmed for this Sunday, September 15th, at 3 PM UTC. The highly anticipated Kasper token, also known as “the Ghost of Kaspa,” will be available for minting on the KRC-20 standard.

Kasper aims to bring a fresh and innovative approach to the Kaspa ecosystem, leveraging the network’s advanced blockDAG technology to offer seamless transactions and high scalability. The launch marks a significant milestone, as the token prepares to make a big impact on the crypto space.

With the countdown already underway, the Kaspa community is gearing up for what promises to be a historic event. Minting will be open to the public, giving users the opportunity to join the project and contribute to its early growth.

As the launch approaches, excitement continues to grow, with Kasper poised to make waves in the ever-evolving world of cryptocurrency.

Kaspa Eco Foundation Launches Katalyst Ecosystem Plan

The Kaspa Eco Foundation has officially launched its Katalyst Ecosystem Plan Series 1, aiming to drive significant growth and innovation within the Kaspa ecosystem. With an impressive $10 million in funding, the initiative seeks to support developers, users, and infrastructure development through a multi-phase campaign.

The plan will include grants, developer and user education, infrastructure advancements, and community events, ensuring a wide range of opportunities for the Kaspa community to contribute and benefit. This launch is just the start of what promises to be a transformative journey for Kaspa’s ecosystem.

Stay tuned for more updates.

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