7 Stories Shaping Crypto in September
Welcome to the September edition of Blockchain Bytes! This month has been packed with exciting developments in the blockchain and crypto world. From major conferences to regulatory shifts and market movements, I've got you covered with the most important news affecting our industry.
Trending Topics:
TL;DR:?
1. TOKEN2049 Singapore: Crypto Conference Hits New Heights
TOKEN2049 in Singapore has become the world's largest Web3 gathering, with attendance jumping from 10,000 in 2023 to 25,000 in 2024. This growth shows increasing mainstream interest in blockchain technology. The event, along with the ETHGlobal Hackathon, created a buzzing atmosphere for industry professionals and enthusiasts. Read More
2. Stablecoin market capitalization hits all-time high
The total stablecoin market cap, excluding algorithmic stablecoins, has hit a new record of $168.1 billion. This surpasses the previous high of $167 billion from March 2022. USDT leads the pack, making up about 70% of the entire stablecoin market. This growth could signal increased institutional interest in crypto. Read More
3. New regulators set to define Europe's crypto policies
As Europe prepares for a new European Commission, crypto regulation might see some changes. There's a shift towards the right in the European Parliament, which could mean less intervention in the crypto space. However, crypto policy isn't strictly partisan, and individual regulators are likely to play key roles in shaping future rules. Read More
领英推荐
4. BNY Mellon Breaks New Ground in Crypto Custody
BNY Mellon has received SEC approval for its crypto custody services, expanding beyond just ETFs. This move could encourage other major financial institutions to enter the crypto space, potentially leading to more robust and secure custody options for digital assets. Read More
5. Federal Reserve slashes interest rates by half a point
The Federal Reserve has cut interest rates by 50 basis points, the first reduction since the early days of the Covid-19 pandemic. This decision comes as inflation shows signs of cooling and the job market weakens. Lower interest rates could lead to increased investment in riskier assets, potentially benefiting the crypto market. Read More
6. CZ's Prison Puzzle: Did Binance's Boss Get Richer Behind Bars?
Changpeng "CZ" Zhao, Binance's founder, just finished a 117-day prison stay. Now there's a big debate about his money. Forbes says he might've gotten richer in jail, maybe making $25 million a day! But Bloomberg thinks he lost cash.
It's a head-scratcher: Can a crypto billionaire make money while locked up? What do you think happened to CZ's wealth? Read More
7. Microsoft and BlackRock Spearhead $30B AI Infrastructure Fund
Tech and finance giants join forces to invest in AI infrastructure.
Microsoft, BlackRock, and two other firms have announced plans to raise a $30 billion AI infrastructure fund. The Global AI Infrastructure Investment Partnership (GAIIP) aims to build data centers and energy projects, mainly in the U.S. While not directly blockchain-related, this massive AI investment could have implications for blockchain technology, particularly in areas where AI and blockchain intersect. Read More
We’ve just entered Q4 2024. And Q4 is usually great for the crypto market! Stay tuned for the next issue to find out how this 2024 world of blockchain is going on. See ya!