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Share link:In this post: Donald Trump announced the launch of his official Trump Coins minted in America. The President Donald J. Trump First Edition Silver Medallion will be available starting Wednesday, 9/25/24. DJT also launched his family’s crypto venture, World Liberty Financial, which is designed as a lending and borrowing crypto venture.
Share link:In this post: Trump went from calling Bitcoin a scam to raising $25 million from crypto donations, but his pro-crypto stance probably won’t last if he wins. His plans to create a national Bitcoin stockpile and advisory council sound are full of risks, especially given his personal business interests. Trump’s new venture, World Liberty Financial, seems shady, and folks worry his involvement could hurt the whole industry.
Share link:In this post: The Fed Reserve announced a half-percentage point interest rate cut on Wednesday, the first decrease in 4 years. Before the Sept Fed meeting, politicians and market analysts called for a 50 – 70 basis point cut. Analysts argue that the rate cut decision wasn’t unanimous, which should raise some red flags.
- 02:17Australian Federal Police Crack Down on Crypto ATM Scam, 77-Year-Old Victim Loses Approximately $280,000According to ChainCatcher, citing a report from Cointelegraph, the Australian Federal Police have contacted more than 90 Australians as part of an operation targeting crimes involving cryptocurrency ATMs. One of the victims is a 77-year-old widow who lost AUD 433,000 (approximately USD 282,000) in an online dating scam. The victim met a scammer on a dating app who claimed to be a Belgian man. The scammer lured her into investing in Bitcoin by showing fake documents and claiming to have earned AUD 13,000 in a single week. Over the course of 18 months, the victim transferred her entire life savings into a Bitcoin ATM.
- 02:11Hong Kong Cyberport launches pilot funding scheme for blockchain and digital assets, focusing on payments and stablecoinsOdaily Planet Daily reports that Hong Kong Cyberport has announced the launch of a Blockchain and Digital Assets Pilot Funding Scheme, aimed at promoting the development and testing of blockchain and Web3.0 applications. The program is now open for applications, with the deadline set for August 1, 2025. Each eligible company may apply for up to three pilot projects, with a maximum funding of HKD 500,000 per project. The main focus areas include RWA tokenization, payments and stablecoins, decentralized identity, social innovation and digital experience, as well as decentralized artificial intelligence/machine learning.
- 02:00Hyperliquid 50x Leverage Whale Faces Another Partial Liquidation, Over $8.7 Million Loss in Three DaysOdaily Planet Daily reported, according to monitoring by @OnchainLens, Hyperliquid’s 50x leverage whale @qwatio has been partially liquidated for the fourth time in three days. Their 40x BTC short position and 25x ETH short position have accumulated a total loss of $6.65 million in this round. The address originally had an unrealized profit of $3.4 million, but within just three days, it has turned into a loss of $8.7 million.