Howdy folks,

💥📉 The FOMC's decision to hold rates at a 23-year high sparked chaos in the crypto market, leading to $200M in liquidations. Bitcoin plummeted from $70,000 to $66,000, while Ethereum dropped from $3700 to $3400.

Despite prior promises, the FOMC's reluctance to cut rates has intensified market instability and dampened investor confidence.

In other news:

🐋💸 A dormant Bitcoin whale resurfaced after six years, transferring $536 million worth of BTC to a Binance deposit address. This move comes amidst market fluctuations, with Bitcoin's price dropping from $71,000 to $66,000 in recent days.

The whale's activity has raised concerns about further market instability, highlighting the significant influence of major asset holders.

🔍🤔 Bitwise Insights debunked claims of Bitcoin price manipulation amid recent ETF inflows and stagnant spot prices. Despite theories suggesting Coinbase's involvement in shady practices, Bitwise clarified ETF mechanics, dismissing these allegations.

This explanation aims to shut down manipulation rumors, emphasizing transparency in the crypto market.

🌍💳 MoonPay has expanded its PayPal crypto buying integration to Europe, following a successful U.S. launch. Users in 24 EU member states and the UK can now seamlessly purchase crypto using PayPal balances, direct bank withdrawals, or debit cards.

The integration aims to lower barriers to entry and provide a frictionless experience for new users.

_{DailyCoin Daily Meme}

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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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