12-09-2024

Author

Fernando Fierro
September 12, 2024

Howdy folks,

📉🗳️ The presidential debate has spurred notable shifts in crypto predictions for the upcoming U.S. elections, with Trump-themed tokens experiencing a sharp market dip. Early forecasts favored Trump, but a surge in Harris’s popularity saw her briefly surpass Trump before the odds evened out.

Amid this dynamic race, the crypto market remains volatile, reflecting the intense political climate.

In other news:

💥⛓️ Caroline Ellison, ex-CEO of Alameda Research, is facing sentencing on September 24, 2024, after pleading guilty to multiple fraud counts in the FTX collapse. Her legal team is pushing for no jail time, citing her cooperation with authorities and minimal personal financial gain.

With the court already granting redaction of her documents, Ellison's efforts to mitigate her sentence contrast sharply with the severe penalties handed down to her co-conspirators.

🚨📱 North Korean hackers are at it again, this time with SpyAgent malware targeting Android crypto users by stealing seed phrases via OCR technology. Distributed through fake apps mimicking reputable sources, SpyAgent escalates the sophistication of cyber-attacks in the crypto space.

Despite McAfee Labs noting its limited prevalence, the malware's capabilities highlight a new threat to crypto security.

🚀💡 Cardano's trajectory has faced hurdles like limited VC interest, slow token value growth, and marketing shortfalls. EMURGO's latest effort—partnering with Antler’s Ibex platform—aims to bridge the VC gap by supplying funding, mentorship, and pivotal industry connections to Cardano startups.

While some view Cardano as an underachiever, this strategic move could pave the way for groundbreaking innovation and technological advancements in the blockchain space.

DailyCoin Daily Meme

From High Hopes to Low Values: The Meme Coin Rollercoaster After the U.S. Presidential Debate

The freefall of Donald Trump-themed coins in the wake of the debate raises questions about the trader sentiment on the self-proclaimed “Crypto President”.

Coinbase CEO Makes Case for Base: "It's Not Just Unlocking Payments, It's Actually Starting To Unlock Another Category of Applications"

Coinbase CEO Brian Armstrong makes a case for Base in a Goldman Sachs meeting.

Are One-Click AI dApps Safe? Solana-Based Dappslap Raises Questions

DappSlap enables AI-powered dApp creation on Solana, but unverified smart contracts raise security concerns.

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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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