Author: Ahmed M.

Ahmed M, Financial Markets Analyst and News Editor, joined the Dailycryptotalks team after gaining significant experience in analyzing global financial markets over the course of two years. Ahmed holds a master's degree in accounting and finance. He primarily provides asset and technology news for Dailycryptotalks, focusing on a variety of cryptocurrency pairs.

During Wednesday’s early Asian trading hours, the USD/JPY pair remains contained within a tight range around 149.75. A rise in US Treasury bond yields supported the major currency pair. Nearing the 150.00 mark, investors remain vigilant for the possibility of a Japanese government intervention. https://twitter.com/AndreasSteno/status/1714572689916952750?s=20 During Wednesday’s early Asian trading hours, the USD/JPY pair remains contained within a tight range around 149.75. A rise in US Treasury bond yields supported the major currency pair. Nearing the 150.00 mark, investors remain vigilant for the possibility of a Japanese government intervention. Bloomberg reported on Tuesday that the Bank of Japan’s new Core…

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Introduction: SmarDex ($SDEX) is a noticeable and dynamic force that is surely causing significant ripples in the vast world of decentralized finance. This organization stands out as an innovator who is carefully rethinking the operating paradigms, not just another participant in the DeFi milieu. https://twitter.com/BigBrainWisdom/status/1678870333934190593?s=20 SmarDex is leading change and establishing new standards, not merely watching from the sidelines. SmarDex, widely regarded as the decentralized exchange with the quickest rate of growth, bravely makes its way through the intricate maze of DeFi. In an effort to provide its consumers with more value, it is also turning SDEX into a deflationary…

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Mr. Wonderful, a star of Shark Tank, Kevin O’Leary, has warned of a coming financial collapse. He emphasized that small company owners will be “shut off at the regional bank level” and said, “We have a problem brewing. You’ll hear a lot of people crying about this in the coming months, he emphasized. https://twitter.com/invstreams/status/1604852076034621442?s=20 Kevin O’Leary Warns About Emerging Financial Crisis Kevin O’Leary, or Mr. Wonderful, a Shark Tank contestant and the head of O’Leary Ventures, warned of an approaching financial crisis in an interview with Fox News that was broadcast on Saturday. He stated: https://twitter.com/Jose_Brotherton/status/1699251342663966832?s=20 A crisis is developing.…

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Data shows that since July 9, 2023, the Lightning Network’s capacity, or the total value of open channels, has decreased by more than 14%. A total of 786 BTC, worth an estimated $20.32 million, have reportedly been removed from the secondary network since a peak of 5,468 BTC. https://twitter.com/GellerCindi/status/1698882530240344572?s=20 From Peak to Plunge: Lightning Network’s Capacity Drops by Over $20M in Just Two Months A second-layer (L2) scaling solution called the Lightning Network (LN) is used to make bitcoin (BTC) transactions faster and more affordable. LN users create a mutual “channel” for transactions instead of registering each transaction on the…

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The amount of bitcoin held has changed substantially during the last three years. A staggering 804,000 bitcoins, worth $20.79 billion, have been removed from controlled exchanges since September 1, 2020. Notably, just 184,000 BTC, or $4.75 billion, of that total were withdrawn in the previous three months. https://twitter.com/ResearchBTCNow/status/1597537070159114240?s=20 Billions in Bitcoin Withdrawn from Centralized Exchanges Amid Rising Self-Custody Trend Significantly fewer bitcoins (BTC) are currently held by centralized exchanges than they were three years ago. According to data from Cryptoquant.com, trading platforms had a reserve of 2.828 million BTC on September 1, 2020. Three years later, that amount has decreased…

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The Securities and Exchange Commission (SEC) Chairman Gary Gensler claimed that the cryptocurrency business is replete with noncompliance, but a U.S. representative has defended it. The legislator’s remarks came after two court instances in which the judges supported bitcoin companies over the securities regulator. https://twitter.com/KallenbachKeith/status/1698159005648953588?s=20 ‘Crypto Is Not an Industry Rife With Noncompliance’ The head of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has come under fire from U.S. Congressman Tom Emmer (R-MN) once more for his aggressive approach to the cryptocurrency market. On social networking site X on Saturday, the congressman emphasized that the securities authority had…

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One of the top gainers on Wednesday was Bitcoin Cash (BCH), as markets continued to rejoice after the Grayscale court decision. The news caused the recent consolidation run to end, and the market cap of all cryptocurrencies increased by as much as 4%. Toncoin (TON) also soared, rising by almost 16%. https://twitter.com/hannahmoneywor/status/1524305819235659776?s=20 Bitcoin Cash (BCH) The price of Bitcoin Cash (BCH) increased significantly on Wednesday and was once again trading above the $200 mark. After hitting a low of $192.77 earlier in the day, BCH/USD reached a peak of $227.03 late on Tuesday. In the course of the movement, the…

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The crypto-friendly SEBA Bank, headquartered in Switzerland, announced that it has been given preliminary approval to conduct business in Hong Kong. The regulatory approval moves the local subsidiary of the Swiss bank one step closer to obtaining a license to offer a range of services for cryptocurrency assets in the Chinese region. https://twitter.com/CryptoKingKeyur/status/1696879694149280235?s=20 SEBA Bank Takes a Step Towards Full Crypto License in Hong Kong The Securities and Futures Commission (SFC) of the Chinese Special Administrative Area has granted in-principle clearance to SEBA Hong Kong, a subsidiary of the crypto bank SEBA Bank with headquarters in Zug, the bank announced…

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The largest cryptocurrency asset manager, Grayscale, won its legal battle against the U.S. Securities and Exchange Commission’s decision to refuse the conversion of GBTC into a spot bitcoin exchange-traded fund (ETF) in a D.C. court. The circuit court presiding over the Grayscale-SEC case stated that the securities regulator “failed to explain its different treatment of similar products.” https://twitter.com/BudhilVyas/status/1695768724710858942?s=20 Court Sides With Grayscale Against SEC Regarding Grayscale Investments’ proposed conversion of a bitcoin exchange-traded fund (ETF), the United States Court of Appeals for the District of Columbia Circuit ruled on Tuesday in favor of Grayscale Investments against the United States Securities…

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Shibarium is now fully operational, according to the Shiba Inu development team, following recent issues where money stopped being available on the bridge. Sandeep Narwal, the co-founder of Polygon Labs, was commended by Shiba Inu’s Shytoshi Kusama for stepping in and providing essential resources to solve the problem. https://twitter.com/cryptoupdate_io/status/1696083606559453205?s=20 Shibarium Back Online After Resolving Bridge Glitch, Team Thanks Polygon Co-Founder Shibarium encountered issues two weeks earlier when more than $2 million in cryptocurrency deposits became stuck in its bridge. Shibarium’s layer two (L2) was back in operation, according to a blog post that was updated on August 28. https://twitter.com/whimsicalfeed/status/1693620572578537678?s=20 It…

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