American Roller Coaster 🪙 BTC and Key #Crypto Events Digest for This and Last Week
😋 In this edition, I decided to change the format a bit: first, let’s summarize the week, and then dive deeper into the news.
So, last week Bitcoin dipped to 🟠$60,000, hit long stop-losses, and quickly reversed with a trendline breakout, testing $68,000 today. Many strategies have shown buy signals.
Many analysts and even the CEO of BlackRock have started talking about how the upcoming U.S. elections are no longer a barrier to crypto market growth. American spot Bitcoin ETFs attracted $556 million during yesterday’s session — the highest since June this year. Digital crypto-assets are now at a stage reminiscent of the early mortgage market.
It’s fascinating to watch how trends in social media and Google are changing rapidly (as I wrote in my previous post here). Bitcoin is being discussed less, while more attention is going to ⚪ Ethereum and altcoins. Meanwhile, Bitcoin dominance is still rising and now stands at 58.5% Bitcoin Dominance. If we compare past cycles and project them onto the current phase, everything is going according to plan. My forecasts here are proving to be 💯.
Let’s dive into the main news events from the past week:
🪙 Cryptocurrencies
⚫️HBO claims that Bitcoin Core developer Peter Todd is the creator of BTC, but Todd denies it.
⚫️ Vitalik Buterin outlined the main goals for Ethereum.
⚫️ The UAE removed the 5% VAT on cryptocurrency transfers.
⚫️ Payment service Stripe added support for stablecoin payments with USDP and USDC.
⚫️ Justin Sun has been elected prime minister of Liberland.
⚫️ MrBeast earned $10 million promoting low-cap altcoins to his subscribers.
💎 TON
⚫️ The number of TON holders reached 100 million.
⚫️ Telegram will add the ability to convert gifts into TON-based NFTs.
⚫️Gate.io invested in the TON ecosystem.
💰 Crypto Exchanges
⚫️ Mt. Gox delayed compensation payments until October 31, 2025.
⚫️ Binance announced delisting TORN, WAVES, VAI, OMG, and other tokens.
⚫️ A U.S. court approved FTX’s reorganization plan, granting 98% of creditors 118% compensation.
⚫️ Uniswap will launch its own L2 solution, Unichain.
⚫️ Crypto.com filed a lawsuit against the U.S. SEC.
💸 Financial News
⚫️ U.S. inflation dropped to 2.4% in September, below the 2.3% forecast.
⚫️ China's central bank will inject $71 billion in liquidity to stimulate the economy.
⚫️ Japan recorded the highest bankruptcy rate since 2013.
🔐 Regulation
⚫️ The U.S. government won a case allowing it to control 69,370 BTC ($4.4 billion) confiscated from Silk Road.
⚫️ Gotbit CEO Alexey Andryunin was arrested in Portugal for market manipulation.
⚫️ The SEC sued Cumberland for operating without a license.
⚫️ Dubai fined seven crypto firms and banned their operations.
⚫️ China is preparing to sell $1.3 billion worth of confiscated Ethereum.
⚫️ Thailand’s SEC proposed allowing private funds to invest in cryptocurrencies.
🤖 Technology
⚫️ Elon Musk unveiled the Cybercab, a driverless taxi, Robovan, and Tesla’s Optimus robots.
⚫️ Meta introduced the AI media generator Movie Gen.
⚫️ SpaceX successfully landed the first stage of its Starship rocket.
⚫️ Google now supports Ethereum Name Service (ENS) domains.
🚓 Hacks
⚫️ A wallet linked to Continue Capital signed a phishing transaction, losing $35.98 million.
⚫️ Hackers breached LEGO’s website to promote a fake token.
⚫️ An unknown wallet lost APU, PEPE, and MSTR worth $1.3 million in a phishing attack.
Subscribe to stay tuned. The most exciting things are yet to come.
Wishing you all Profit and Harmony ✨
Yours, @Luis Weissinger $BTC #
