05-09-2024

Author

Fernando Fierro
September 05, 2024

Howdy folks,

💥⚠️ Jim Cramer's recent bearish remarks about Bitcoin have been taken by the crypto community as a potential signal for a market bottom, despite BTC slipping below $57K and Ethereum under $2,400. His statement coincides with a staggering $1.05 trillion loss in U.S. stock markets overnight.

Despite these losses, Bitcoin is still up 13.6% over the last 30 days and boasts a 118% increase year-to-date.

In other news:

🚨🔍 Nvidia has been subpoenaed by the DOJ as part of an escalating antitrust investigation, casting a shadow over its role in the AI and blockchain markets. The focus is on Nvidia's control over the AI chip market and its potential anti-competitive practices, causing its stock to plunge 10% and affecting crypto prices, with Bitcoin dipping significantly.

Nvidia maintains that its dominance is due to superior products, stressing that customers have the freedom to choose the best solutions for their needs.

🚨💻 Lara and Tiffany Trump's X accounts were hacked, promoting a fake meme coin called World Liberty token. This scam posed as a decentralized finance venture by Donald Trump, leading many followers and Caitlyn Jenner's 3.3 million fans to invest.

Eric Trump stepped in to issue a warning, but questions about the extent of the damage and potential inside involvement linger.

💰🚀 A dormant wallet connected to TerraForm Labs has moved 1,075 BTC (valued at approximately $62.8 million) to a new wallet, sparking intrigue amid ongoing legal battles. Despite the Montenegro Appellate Court's order for Do Kwon's extradition to South Korea, the United States may also secure his transfer due to pending court hearings.

Crypto circles are buzzing as this significant BTC transfer could relate to the $4.5 billion SEC fine or possible investor reimbursement.

DailyCoin Daily Meme

What’s Behind Solana’s Recent Volatility After Whale Sell-off? 

The fastest-growing DeFi protocol recently sold millions in SOL tokens, which was followed by a major price drop.

“It’s a Lie!": Tigran Gambaryan Cries Out as 2nd Bail Hearing Ends in a Deadlock

Tigran Gambaryan's hunt for bail faces delay despite health woes.

Ripple’s CEO Claims SEC Is Out of Moves: Can a SEC Appeal Really Overturn XRP’s Victory?

Ripple CEO confident of SEC appeal failure as deadline approaches. Will the regulator challenge the court's ruling? Read more at DailyCoin.

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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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