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Decrypt
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All about new financial markets, decentralization and blockchain. And a few memes
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🪙 Ripple invests $10,000,000 in tokenization of US government bonds on the XRP Ledger blockchain.

Earlier, BlackRock CEO said that the next big wave in crypto will be tokenization of assets (RWA).
Telegram founder Pavel Durov has been included in the Bloomberg Billionaires Index (BBI) for the first time.

He took 279th place with a fortune of $9.15 billion.
🚓Terra founder Do Kwon is being extradited to South Korea - the decision cannot be appealed.
🪙 MicroStrategy purchased 12,122 BTC in Q2 2024. The company holds 226,500 BTC in total, with an average purchase price of $36,821
🇷🇺 The Federation Council approved a law at a meeting that legalizes cryptocurrency mining activities in Russia.

Only Russian legal entities and individual entrepreneurs included in the relevant register will have the right to mine.

Individuals who do not exceed the energy consumption limits set by the Russian government will have the right to mine digital currency without being included in the register.
👟 Donald Trump, after speaking at the Bitcoin 2024 conference, launched a limited edition collection of “Bitcoin orange” sneakers, which sold out in just 3 hours.

Hucksters and resellers are trying to sell them on the secondary market — prices reach $70,000.
🎰 Only 20% of traders on the Pump Fun platform make a profit:

1️⃣ 70 traders (0.0028%) earned more than $1,000,000 — most of them are token holders themselves.
2️⃣ 924 traders (0.037%) earned more than $100,000.
3️⃣ 11,936 traders (0.477%) made a profit of more than $10,000.
4️⃣ 76,567 traders (3.1%) earned more than $1,000.
🪙🪙 Over the past week, the capitalization of USDT and USDC has grown by a total of $4 billion.
💼 American asset management company Franklin Templeton has filed an application to launch an index ETF on Bitcoin and Ethereum.

The fund will also be able to add additional cryptocurrencies if they receive regulatory approval in the future.
🔍Google has been sued over a malicious cryptocurrency wallet app — the victim intends to sue the company for $5,000,000.

Analysts emphasize that this incident is part of a larger trend in the theft of cryptocurrencies — it is necessary to introduce strict monitoring of applications and improve the regulatory framework.
💸 Analysts at HODL15 Capital have published a list of public companies that are accumulating Bitcoin for the purpose of HODLing.
🪙 Since the beginning of 2024, a total of 245,453 BTC have accumulated in addresses containing more than 100 BTC.
🎈The technology sector of the S&P500 now accounts for 35% of the market cap, while the raw materials sector accounts for less than 10%.

The last time this happened was right before the dot-com crash.
🇺🇸 Robert Kiyosaki believes that the US Federal Reserve (Fed) is made up of highly educated poor people - advises not to listen to them.

The Fed can't save you. Buy more gold, silver and BTC.
🐹 A corporate conflict has broken out between the creators of Hamster Kombat, which has called into question the listing on Binance.

The project's co-founders intend to resolve the issues in the courts, including in the jurisdiction of Cyprus, where the company is registered.
🏴 14 out of 20 English Premier League clubs will have partnerships or sponsorship deals with crypto companies in the 2024/2025 season.

The Premier League is the most popular sports league in the world: it is watched in 212 countries around the world, and the potential television audience for matches is 4.7 billion people.
💸Coinbase has made its first crypto transaction managed entirely by an AI bot — according to the platform's CEO, AI agents do not have access to bank accounts, but they do have access to crypto wallets.

Now the neural network can trade with people.
Vitalik Buterin said that he has not sold for personal gain since 2018 — all sales were aimed at supporting various projects that he considers valuable, either within the Ethereum ecosystem or in broader charitable activities (for example, biomedical research and development).

By the way, Vitalik recently had a new girlfriend and many associated this with the fall in the ETH rate.
✖️Brazil has officially blocked 𝕏 (Twitter) due to Elon Musk's refusal to appoint a company representative in the country - anyone caught using a VPN to access the social network will be fined up to $8,874 per day.
🇺🇸 The US is getting serious about regulating cryptocurrencies - in September 2024, the US House Financial Services Committee will begin discussing issues related to cryptocurrencies, including DeFi, fraud, and the activities of the US Securities and Exchange Commission (SEC).

In total, several hearings are expected. The first will take place on September 10, two more on September 18, and the most important one, where the SEC will testify, is scheduled for September 23.
BTC reserves on centralized exchanges hit a new yearly low, which could ease selling pressure and be a catalyst for a retest of $60,000.