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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.
Screenshot 2024 09 20 at 10.00.27 AM Bitmala

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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Ready For Bitcoin’s Big Dump If No Rate Cut?

Almost everyone will be keeping an eye on tomorrow’s Fed Meeting. US interest rate has never seen a rate cut for 4 years since COVID-19. Now, everyone is expecting a rate-cut decision tomorrow. The debate is – will it be 25 bps or 50 bps?

What if there occurs no rate cut?

  • If no rate cut, both crypto and stock markets will go into panic mode.
  • Risky and volatile assets like Bitcoin and crypto are highly affected.

Chances: Almost 0%

fed rate cut Bitmala

What if there occurs a rate cut?

  • Cheaper money comes into the market
  • Money printer starts again
  • People will invest more in risky and volatile assets like $BTC

Is this news already priced in?

  • Simple answer: Yes.
  • Longer answer: Yes, 25 bps rate cut has been priced in; but If it is a 50 bps rate cut, we might witness a bigger pump in $BTC price.

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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.

Binance Launches Hamster Kombat (HMSTR) on Launchpool, Trading Starts September 26

Wyoming, U.S.A Binance has revealed the 58th project on its Launchpool platform: Hamster Kombat (HMSTR) is a P2E game and is designed based on the Telegram mini-app with the features of a crypto exchange CEO simulator. The launch will enable farmers to earn $HMSTR tokens by staking an equivalent of BNB and FDUSD.

Beginning from September 23, 2024, 00:00 (UTC) users can stake BNB and FDUSD to receive planned HMSTR airdrops within three days of farming. After the farming phase, Binance will list HMSTR starting September 26, 2024, 12:00 (UTC). To trade, trading pairs of HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY will be available.

HMSTR Launchpool Details:

  • Token Name: Hamster Kombat (HMSTR)
  • Total Token Supply: 100,000,000,000 HMSTR 
  • Launchpool Token Rewards: 3,000,000,000 HMSTR (3.00% of total supply)
  • Hourly Hard Cap per User:
    • 3,541,666.66 HMSTR in BNB pool
    • 625,000 HMSTR in FDUSD pool

Bybit Secures Provisional Crypto License from Dubai’s VARA

Once labelled as unregulated, Bybit: the second largest cryptocurrency exchange by derivatives trading, has just been pre-approved for licensing by Dubai’s Virtual Asset Regulatory Authority (VARA). This non-operational license implies that Bybit will be able to perform activities in Dubai and provide services to both retail and institutional clients – the next step towards the company’s globalization.

On its part, Bybit’s Chief Operating Officer, Helen Liu noted that factors such as the strategic location of Dubai, free-spirited regulation, and commitment towards the establishment of a hub for innovation make Dubai a fertile ground for the success of Bybit. “Today, there are immense possibilities in the sphere of cryptocurrency for business and investors and it would be sufficient to name only Dubai in this regard,” she continued.

Bybit relocated its headquarters to Dubai at the start of 2022 and earlier this year expanded its partnership with the DMCC from an ecosystem partner to an adviser. The exchange is sill in a process of chasing operating license to the full.

Taking into account, the trading volume of Bybit has ten times more than $15. , ending the day in the second place behind Binance, its derivatives totaled $8 billion on September 16, thus further cementing its position in the global cryptosphere.

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.

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