OKX market data shows that BTC has broken through 61,000 USDT in the short term and is currently trading at 60,825.5 USDT, with a 24-hour increase of 5.29%.

According to people familiar with the matter, crypto venture capital firm Dragonfly Capital is seeking to raise $500 million for its fourth fund, which will invest in early-stage projects. It is reported that it has successfully raised $250 million and plans to complete financing in the first quarter of next year. (Bloomberg)

According to BlockBeats, Dragonfly Capital, a cryptocurrency venture capital firm, is aiming to raise $500 million for its fourth fund, which will focus on early-stage projects. As of now, the firm has successfully secured $250 million and plans to complete the fundraising by the first quarter of next year.

According to Cointelegraph, Chris Larsen, co-founder of Ripple, has spearheaded a $10 million seed funding round for Yellow Network, a new decentralized clearing network aimed at addressing inefficiencies in the cryptocurrency market. The investment will support efforts to resolve issues related to liquidity fragmentation, scalability, and capital efficiency in the digital asset market. The press release shared with Cointelegraph highlights that Yellow Network’s decentralized clearing protocol is designed to tackle critical industry challenges. The chain-agnostic network utilizes state channel technology to provide capital efficiency, reduced latency, and scalability for the growing digital asset market. Larsen emphasized the importance of the protocol, describing it as essential for newcomers and a game-changer due to its fast trade execution and capital efficiency. Decentralized clearing involves bypassing centralized intermediaries or a clearinghouse to settle financial transactions between parties, eliminating the need for a middleman. This process is managed on the blockchain or through smart contracts, typically preserving privacy and removing central authorities seen in traditional financial systems. However, there is a tradeoff between decentralization and regulated, centralized alternatives, which often feature more consumer protective measures. In related news, as reported by CNBC on September 6, Larsen signed a letter endorsing Vice President Kamala Harris for president, alongside 87 other corporate leaders in the United States. The endorsement included notable figures such as 21st Century Fox CEO James Murdoch and Snap chairman Michael Lynton. This news followed the departure of former Ripple board member Gene Sperling from the White House in early August to join Kamala Harris’ 2024 presidential campaign.

The continued price consolidation has led long-time Bitcoin skeptic Peter Schiff to sound a stark warning of a potential deeper correction. source: https://zycrypto.com/bitcoin-could-crash-to-15000-peter-schiff-sounds-stark-warning/

According to BlockBeats, data from blockchain analytics platform Token Terminal reveals that Tether's stablecoin USDT has not only seen continuous growth but has also solidified its dominance in the stablecoin market. Currently, USDT accounts for nearly 75% of the total stablecoin market capitalization, a significant increase from 55% two years ago. Over the past two years, the supply of USDT has nearly doubled, rising from approximately $65 billion to $118.6 billion. This substantial growth underscores USDT's increasing influence and adoption within the cryptocurrency ecosystem. The data highlights the expanding role of stablecoins in providing liquidity and stability in the volatile crypto market.

According to Odaily, stablecoin issuer Circle has announced the expansion of its USD Coin (USDC) into the Brazilian and Mexican markets. This move allows users in these countries to directly convert their local currencies, the Brazilian Real and the Mexican Peso, into USDC without the need to first exchange them into U.S. dollars. This development is expected to facilitate smoother and more efficient transactions for users in Brazil and Mexico, providing them with a stable digital currency option. By enabling direct conversions, Circle aims to enhance the accessibility and usability of USDC in these emerging markets, potentially driving greater adoption of digital currencies in the region. Circle's expansion into Brazil and Mexico reflects the growing demand for stablecoins in global markets. As more users seek reliable and stable digital currency options, the ability to directly convert local currencies into USDC could significantly impact the financial landscape in these countries. This initiative aligns with Circle's broader strategy to promote the use of digital currencies worldwide, offering a seamless and efficient solution for cross-border transactions.

Howard Winklevoss, the father of Gemini's twin co-founders Tyler Winklevoss and Cameron Winklevoss, announced a donation of $4 million worth of BTC to his alma mater, Grove City College. This donation is the first Bitcoin donation received by the college and will be used to fund new business projects. (Coindesk)

According to Arkham monitoring, 48.773 BTC were transferred from the Coinbase Prime address to the Grayscale Bitcoin Mini Trust, worth approximately US$2.89 million.

BlackRock’s iShares Bitcoin Trust (IBIT) broke its 13-day long streak of flat or negative flows, with the fund Monday taking in $15.8 million, according to data from Farside Investors. source: https://www.coindesk.com/markets/2024/09/17/blackrocks-bitcoin-etf-monday-posted-first-net-inflows-in-14-days/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bubbles will burst, but products that truly solve user needs will change the world and make history.

Amazon bids their remote work policy goodbye, as employees are expected to return to office five days a week starting from the beginning of 2025.

Do you want to make and trade meme coins for the rest of your life, or do you want to build infrastructure and change the crypto world?

In recent times, the market has repeatedly fluctuated between expectations of interest rate cuts, recession, and general elections. This essentially corresponds to the three factors of capital, fundamentals, and regulation, which are intertwined and influence each other.

Disney+ Hotstar's new AI tool reduces data use by 25% for offline video downloads and increases watch time per gigabyte by 12.5% while maintaining video quality. The technology optimises data based on scene complexity and user habits, promising more efficient streaming.

SC Ventures has invested in One Trading, boosting its role as Europe's first regulated platform for crypto perpetual futures. This investment, alongside increased stakes from existing investors, will support One Trading's launch of innovative crypto products under MiFID II regulations.

China's megacity and economic center, Shanghai, shuts down after being hit by one of the strongest storms since 1949.

Faced with the liquidity fragmentation problem in the current Rollup ecosystem, Based Rollup is widely regarded as an effective potential solution, and pre-confirmation plays a vital role in improving the Based Rollup user experience.

In 2024, the focus will be on AI and Web3. In the world of artificial intelligence, data is like the life source of its growth and evolution.

AI researchers are advocating for a robust contingency plan to address the risk of losing control over AI systems. This measure seeks to prepare for scenarios where AI could act unpredictably, emphasizing the need for strong safeguards and strategies to manage potential risks.