🪙 HAMSTER KOMBAT’S SEASON 1 SNAPSHOT SPARKS CONTROVERSY
Hamster Kombat’s Season 1 airdrop snapshot has caused widespread frustration among players, with over 63% disqualified due to last-minute rule changes.
Despite the backlash, the team remains optimistic about Season 2, set to launch on September 26.
Concerns have also arisen over the potential $0.01 listing price for HMSTR tokens.
Source: BeInCrypto
🇺🇸 BLACKROCK’S BITCOIN ETF APPROVED BY SEC
BlackRock’s spot Bitcoin ETF has received approval from the SEC.
Unlike previous products, this one will involve actual Bitcoin, not just futures contracts.
This approval could attract big investors, with expectations of significant inflows of capital.
Builders and traders are eyeing this move as a potential market catalyst, sparking renewed activity in the crypto space.
Source: Bloomberg
🇺🇸 US LAWMAKER ACCUSES SEC OF 'ENFORCEMENT ABUSE' IN CRYPTO
Arkansas Representative French Hill accused SEC Chair Gary Gensler of causing “confusion and uncertainty” in crypto markets.
He claims the SEC’s enforcement actions harm innovation.
The issue was raised during a House subcommittee hearing, where alternative regulatory approaches were discussed.
Critics argue the SEC’s aggressive stance is limiting progress in the U.S. crypto industry.
🌐Source: Cointelegraph
BlackRock published a great Bitcoin report Key chart 📉: “BITCOIN’S LONG-TERM PERFORMANCE”
The chart shows Bitcoin’s price movements from 2010 to 2024, highlighting four major bull and bear cycles:
• First Cycle: 592x gain, -93% drop.
• Second Cycle: 555x gain, -84% drop.
• Third Cycle: 104x gain, -83% drop.
• Fourth Cycle: 21x gain, -77% drop.
Despite high volatility, Bitcoin’s cumulative return is 807,000x over 14 years. The overall trend shows significant long-term growth, outpacing bear market losses.
📉 VC FUNDS FLOW BACK INTO CRYPTO—$2.2B RAISED IN 2024!
Venture capital is returning to crypto, with $2.2 billion raised in 2024, nearing last year’s $2.6 billion.
The market’s rebound from the FTX scandal and regulatory issues is drawing VCs back.
With Bitcoin ETFs by firms like BlackRock and more funds being raised, PitchBook forecasts a full crypto VC resurgence by 2026.
🌐Source: DL News
🇮🇳 BINANCE DENIES RESPONSIBILITY IN $230M WAZIRX HACK
Binance has denied any ownership or control over WazirX following the $230 million hack.
They urged WazirX to take accountability and compensate users.
Binance clarified that discussions about acquiring WazirX were never finalized.
They stated that WazirX is operated by Zanmai Labs Pvt Ltd, not Binance, countering WazirX’s claims.
🌐Source: Cointelegraph
🇮🇳 MADRAS HIGH COURT PROTECTS CRYPTO HOLDERS’ ACCOUNTS
India’s Madras High Court ruled that police can’t freeze entire bank accounts in crypto-related fraud cases—only the specific amount under investigation.
This decision came after an individual’s account was locked for a year, with ₹9.69 lakh stuck.
Judge Jayachandran stated that freezing whole accounts is excessive and unlawful.
🌐Source: Cointelegraph
🇺🇸 5 US STATES SETTLE WITH GSB GROUP OVER UNREGISTERED CRYPTO SALES
Five U.S. states have settled with GSB Group over the unregistered sale of securities tied to digital assets.
Residents of these states will receive refunds for all fiat and cryptocurrency deposits.
GSB chairman Josip Heit has agreed to stop selling unregistered securities, without admitting to any violations.
🌐Source: Bitcoin•com
🇮🇳 CRYPTO PIRATES BUSTED: CBI’S CRACKDOWN!
The CBI, with the FBI, busted a scam network that swindled $450K from an American by pretending to be tech support and draining funds into crypto wallets.
Mastermind Rathi was arrested in Mumbai, and assets worth ₹3.70 crore in gold, ₹16 lakh cash, and crypto devices were seized.
Operation CHAKRA-III is now underway, with CBI and INTERPOL targeting illicit crypto gains.
🌐Source: Hindustan Times
ETF INFLOWS HEAT UP THE CRYPTO GAME 📉
On September 12, Bitcoin spot ETFs saw $39M+ in inflows.
Grayscale’s GBTC lost $6.5M, but their smaller ETF gained $5.1M.
ARKB led with an $18.3M inflow, while Fidelity’s FBTC added $11.4M.
The ETF scene is buzzing—watch where the big players are moving their funds.
🌐Source: sosovalue•com