📉 Crypto Market: Correction and Expectations
• The total value of the cryptocurrency market fell by US$ 40 billion, reaching US$ 3.77 trillion. Despite this, Bitcoin (BTC) remained above US$ 110,000, with technical support at US$ 112,000 and resistance at US$ 115,000.
• The month of September is historically challenging for financial markets, including cryptocurrencies, known as "red September."
💰 Legislation and Regulation
• The U.S. Senate approved the GENIUS Act, establishing a regulatory framework for stablecoins, requiring a 1:1 backing with low-risk assets, audits, and compliance with anti-money laundering laws.
• The SEC and CFTC announced a roundtable to discuss the modernization of rules, including 24/7 trading, event-based prediction markets, and regulation of DeFi platforms.
🧠 Investment Trends
• Ethereum (ETH) leads investment recommendations in September, followed by Solana (SOL) and Chainlink (LINK). Memecore (M) saw a 40% increase, reaching US$ 1.38.
• Remittix, an emerging altcoin focused on crypto-to-fiat payments, is attracting attention, with a wallet launch scheduled for September 15.
🏛️ Institutionalization of Bitcoin
• Publicly listed companies now hold over 1 million BTC, representing about 5% of the total supply, signaling increasing institutional acceptance.
⚠️ Controversies and Challenges
• Justin Sun, founder of TRON and Trump ally, had US$ 2.9 billion in tokens frozen due to suspicious activities on exchanges.
• WLFI, a crypto initiative linked to Trump, saw a nearly 20% drop after news of regulatory issues.
