Wednesday, September 18, 2024
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | It's hump day and FOMC, Geckos!
Will you be tuning in to the FOMC meeting? In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | Countries Most Interested in RWA Crypto | | The countries paying the most attention to the RWA crypto narrative in 2024 are the US (14.8% share of global interest), Indonesia (10.1%), and Türkiye (8.0%).
Did your country rank among the top 20? | | | Rate cuts = good for crypto ETFs? ✂️ Bitcoin exchange-traded funds (ETFs) are experiencing renewed interest as investors anticipate a key decision from the U.S. Federal Reserve on interest rates. On Monday, Bitcoin ETFs in the US collectively added $250 million in Bitcoin (BTC), the highest in over a month.
This demand pushed Bitcoin's price to over $61,000, marking its first surge in September. Investors are expecting the Federal Reserve to cut interest rates from their 23-year high, a move that may impact major markets.
With a rate cut on the horizon, analysts have suggested that a significant cut could increase investor risk appetite, which could fuel demand for Bitcoin ETFs. While US Bitcoin ETFs initially attracted billions in investments, demand has slowed in recent months. However, recent inflows indicate a shift in sentiment as markets prepare for the Federal Reserve's FOMC meeting.
| | | Struggling to catch up with the latest market trends?
Check out these free on-chain indicators for bitcoin! | | | Gensler has a new target in sight 🎯 The U.S. Securities and Exchange Commission (SEC) has filed lawsuits against three individuals and five companies for operating "pig butchering" scams. These fraud schemes involve perpetrators establishing trust with victims through social media and convincing them to invest in fake cryptocurrency platforms before stealing their funds.
Such schemes have become rampant in recent years, mainly targeting retail investors. The SEC's lawsuits are the agency's first actions against this sort of scam.
One lawsuit involves a scheme linked to the purported cryptocurrency exchange NanoBit, where three U.S. residents allegedly defrauded at least 18 investors of nearly $1 million. Another lawsuit targets CoinW6, a platform where scammers posed as romantic interests to deceive at least 11 victims, stealing $2.2 million. The cases coincide with an upcoming U.S. House hearing on these scams.
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