01-10-2024

Author

Fernando Fierro
October 01, 2024

Howdy folks,

🔗📈 Gold surges to new highs while Bitcoin's resurgence to above $60,000 rekindles optimism. Peter Schiff criticizes Bitcoin, dismissing it as "useless" and lacking real-world utility, arguing it unfairly steals gold's spotlight.

Bitcoin supporters counter with claims of digital scarcity as an advantage over gold’s increasing supply.

In other news:

🐵💰 The Moo Deng meme coin, depicting a happy baby hippo, surged 130,000% since its launch on Solana, but not without heart-wrenching price swings. One trader's mistimed sell resulted in a loss of $6.3 million in unrealized profit, making their initial $3,537 investment worth only $300.

Despite the volatility, some investors netted massive returns, with one turning 6 SOL into gains of 11,534% in just three weeks.

📊🌏 Taiwan’s Financial Supervisory Commission (FSC) has unveiled a policy allowing professional investors to tap into overseas crypto ETFs, marking a cautious shift from its previous stance on cryptocurrencies. Professional investors, including high-net-worth individuals and institutions, can now access these funds, provided certain conditions and risk assessments are met by security firms.

This significant move aims to balance investor protection with the burgeoning interest in cryptocurrency investment.

🚀🤝 Midnight, backed by Cardano, aims to unite major blockchains through enhanced interoperability and privacy. Featuring the dual tokens NIGHT and DUST, Midnight seeks to incentivize participation across various crypto communities with a broad airdrop strategy.

Cardano founder Charles Hoskinson recently showcased Midnight’s potential to transform the crypto landscape by reducing fragmentation and fostering collaboration.

DailyCoin Daily Meme

Matrixport Acquires Swiss Digital Asset Manager Crypto Finance to Expand Its Regulated Services to Europe

Matrixport doubles down on expansion goals with the acquisition of Crypto Finance in Europe.

Bithumb Reportedly Targets Nasdaq Listing in the U.S. Amid IPO Pans By the Second Half of 2025

The crypto exchange Bithumb renews IPO ambitions, targeting to list its shares on Nasdaq.

Ethereum To The Moon? Dogecoin Founder Shibetoshi Nakamoto Measures New ETH ATH Chances By 2025

Despite a stagnant Ethereum ETF performance, Ethereum tacked on 8% gains this September. Dogecoin founder Shibetoshi examines the odds of a continuous run.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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