According to BlockBeats, the Federal Bureau of Investigation (FBI) released a report on Monday revealing that Americans lost over $5.6 billion to cryptocurrency-related fraud schemes in the past year. This figure represents a 45% increase compared to losses reported in 2022, highlighting a significant rise in fraudulent activities involving digital currencies.

The CEO of Tether says that the stablecoin issuer’s synthetic aUSDT product is backed by gold rather than Bitcoin (BTC) because the precious metal is more stable in price than the crypto king. In a new interview with Bloomberg, Paolo Ardoino says the firm could have chosen Bitcoin to back aUSDT but BTC’s tendency to […] source: https://dailyhodl.com/2024/09/09/stablecoin-ausdt-backed-by-gold-as-precious-metal-much-less-volatile-than-bitcoin-says-tether-ceo-paolo-ardoino/

The Harris-Walz platform, “A New Way Forward,” included plans for tax cuts for working and middle-class Americans and encouragement of innovative industries. source: https://cointelegraph.com/news/kamala-harris-policy-platform-digital-assets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Digital assets manager CoinShares says that institutional crypto investors pulled hundreds of millions in capital from digital asset products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products suffered $726 million in outflows last week driven by strong economic data releases. “Digital asset investment products experienced... source: https://dailyhodl.com/2024/09/09/crypto-products-suffer-720000000-in-outflows-amid-rate-cut-uncertainty-coinshares/

Ripple (XRP) reserve on one of the largest crypto exchanges, Binance, declined by 167 million in a time frame of five weeks. source: https://www.fxstreet.com/cryptocurrencies/news/xrp-reserve-on-binance-dips-by-over-160-million-in-five-weeks-what-to-expect-from-ripple-202409091738

Donald Trump’s potential re-election could push Bitcoin to unseen highs. According to a new report from asset manager Bernstein, if he wins, Bitcoin is hitting $90,000 before January. Trump’s promises to transform America into the “bitcoin and crypto capital of the world” are central to this projection. He has consistently mentioned crypto in his campaign […] source: https://www.cryptopolitan.com/if-trump-wins-bitcoin-is-hitting-90000/

MicroStrategy holds more than 1% of the Bitcoin supply—and co-founder Michael Saylor sees enormous gains ahead for the asset. source: https://decrypt.co/248574/microstrategy-michael-saylor-bitcoin-price-13-million

Crypto exchange NoOnes bucks regulatory crackdown on privacy coins, adding Monero, Zcash to its platform. source: https://dailycoin.com/crypto-exchange-noones-defies-feds-by-listing-privacy-coins/?utm_source=cryptopanic&utm_medium=rss

According to CoinDesk, Kalshi has achieved a court victory over regulators but must wait until at least Friday to list its prediction markets for the upcoming U.S. election. On Monday, Judge Jia Cobb of the U.S. District Court for the District of Columbia scheduled a Thursday hearing and stayed her previous order that allowed Kalshi to list event contracts on which party will control each house of Congress after the election. Last year, the U.S. Commodity Futures Trading Commission (CFTC) barred Kalshi from listing such contracts, citing concerns about potential damage to the integrity of elections if traders were allowed to bet up to $100 million. Kalshi subsequently sued the CFTC. In her ruling last Friday, Judge Cobb sided with Kalshi but did not provide her rationale, which she said would be detailed in a subsequent opinion. The timing of this opinion's publication remains unknown. Following its defeat, the CFTC filed an emergency motion requesting a 14-day stay of Cobb's order after the opinion's publication. The agency argued that without understanding the judge's reasoning, it could not determine whether to appeal the decision. If granted, this stay would prevent Kalshi from listing election markets until late September at the earliest, leaving the company with limited time to participate in this year's election betting. However, the stay ordered by Judge Cobb on Monday will last only until the end of Thursday's hearing. Depending on the outcome, Kalshi might still be able to list the markets as soon as Friday. Kalshi is the only CFTC-regulated prediction market in the U.S., where it lists contracts on various events, including U.S. students' test scores and bitcoin prices. Trades are settled in dollars. PredictIt, another U.S.-only site, lists election contracts under a narrow regulatory exemption, while Polymarket, a notable player in prediction markets and cryptocurrency, is barred from doing business with U.S. residents under a CFTC settlement. Both companies have gained market share at Kalshi's expense, as noted in Kalshi's weekend filing opposing the CFTC's proposed delay.

null source: https://x.com/BTC_Archive/status/1833211921321115966

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