CoinDesk

**Exciting news for our company!** We're pleased to announce that two new team members will be joining us: - Lux Thiagarajah - Richard Usher Both Lux and Richard are set to start their roles on **Tuesday, October 1st**. We look forward to welcoming them and the fresh perspectives they'll bring to our organization. *Stay tuned for more updates as we continue to grow and strengthen our team.*

Internet Computer (ICP) and Filecoin (FIL) experienced significant downturns in the cryptocurrency market on September 30, 2024. Both tokens recorded losses exceeding 6%, marking them as the worst performers among major cryptocurrencies for the day. Key points: - ICP and FIL both down over 6% - Steepest losses in the crypto market - Date of occurrence: September 30, 2024 This decline highlights the volatility present in the cryptocurrency space, particularly for projects focused on decentralized computing and storage solutions. Investors and traders should monitor these projects for potential recovery or further market movements in the coming days.

In a landmark case, the UK has secured its first conviction for operating an unauthorized cryptocurrency ATM. This significant legal precedent highlights the increasing regulatory scrutiny of crypto-related businesses. Key points: - First conviction of its kind in the UK - Targets illegal operation of crypto ATMs - Signals stricter enforcement of crypto regulations This case serves as a warning to other potential operators of unregistered crypto ATMs. It also underscores the UK's commitment to regulating the cryptocurrency sector. **What's next?** Expect increased vigilance from UK authorities on crypto-related activities. Businesses in this space should ensure full compliance with existing regulations.

**Upcoming U.S. economic data release may affect cryptocurrency markets** - Data scheduled for release on Tuesday - Historical pattern: 10% price drops in first week of past three months - Analysis provided by 10x Research This recurring trend suggests a potential correlation between U.S. economic indicators and cryptocurrency market behavior. Investors and traders may want to: 1. Monitor the data release closely 2. Prepare for possible market volatility 3. Consider adjusting trading strategies accordingly *Stay informed and be prepared for potential market movements.*

A significant review is set to take place in the coming months, potentially opening doors for dedicated cryptocurrency exchange-traded funds (ETFs). Key points: - Review scheduled for upcoming months - Could lead to creation of crypto-specific ETFs - Implications for broader crypto market adoption This development may signal a shift in regulatory approach and could increase mainstream accessibility to crypto investments. However, the outcome remains uncertain pending the review's findings. **Stay tuned** for updates on this potentially game-changing review and its impact on the crypto investment landscape.

A South Korean cryptocurrency exchange is reportedly exploring the possibility of listing its shares on Kosdaq, the trading board of Korea Exchange focused on small and medium-sized enterprises. Key points: - The consideration was reported late last year - Kosdaq is similar to the NASDAQ in the United States - This move could potentially increase the exchange's visibility and access to capital The potential listing on Kosdaq suggests a growing trend of cryptocurrency businesses seeking traditional financial market exposure. However, it's important to note that this is still in the consideration phase, and no official announcement has been made. **Stay tuned for updates on this developing story.**

Bitcoin (BTC) is on track to close September with a 9% gain, marking its strongest performance for the month since 2013. This upward trend comes ahead of October, which is historically a bullish month for the cryptocurrency. Key points: - BTC has registered its first three-week winning streak since February - September's counter-seasonal price trend shows signs of divergence - The positive performance breaks the typical September slump This unexpected strength in September could potentially set the stage for a robust fourth quarter, especially considering October's traditionally favorable market conditions for Bitcoin.

Crypto Finance Asset Management AG has undergone a significant rebranding, changing its name to Matrixport Asset Management AG (MAM). This transformation marks a new chapter for the company in the evolving landscape of digital asset management. Key points: - The rebranding took effect on September 30, 2024 - The new name aligns with the Matrixport brand - This change may indicate a shift in strategy or focus for the company The impact of this rebranding on the company's operations and services remains to be seen. Clients and industry observers will likely be watching closely for any accompanying changes in the firm's offerings or approach to asset management.

A former Chinese minister has called on Beijing to examine the cryptocurrency industry more closely. This recommendation comes in response to recent comments made by Republican presidential candidate Donald Trump regarding crypto. The ex-minister suggests that China should: - Analyze the potential impact of Trump's crypto stance - Reassess its own policies on digital currencies - Consider the global implications of cryptocurrency adoption This development highlights the growing intersection of politics, technology, and finance in the international arena. **Key takeaway:** China may be reconsidering its approach to cryptocurrencies in light of global political shifts.

A recent report suggests that the Federal Reserve's interest rate cut will lead to increased on-chain activity, particularly benefiting the Ethereum blockchain. n Key points: - Federal Reserve has cut interest rates - This is expected to fuel more on-chain activity - Ethereum blockchain likely to see significant benefits The report indicates that lower interest rates may encourage more investment and transactions in the crypto space. Ethereum, as a major smart contract platform, is positioned to capture much of this increased activity. n This could potentially lead to: - Higher transaction volumes on Ethereum - Increased demand for ETH for gas fees - More DeFi and NFT activity However, it's important to note that market reactions can be unpredictable. Users should monitor developments and conduct their own research before making investment decisions.