According to Cointelegraph, artificial intelligence-themed tokens have experienced significant gains over the past 24 hours, driven by the US Federal Reserve's 50 basis-point rate cut. The Artificial Superintelligence Alliance (FET), which includes Fetch.ai, Ocean Protocol, and SingularityNET, has seen its FET token rise approximately 15% to $1.54 on September 19. AI-focused tokens have been performing well in 2024, bolstered by the emergence of various AI projects and the strong performance of Nvidia's stock. FET's recent rally mirrors Nvidia's stock price increase of 5.25% over the last 24 hours, reaching $119. Additionally, the token's performance is influenced by an upcoming governance vote on whether Cudos, an AI computing platform, will join the Artificial Superintelligence Alliance. The vote is scheduled between September 19 and September 24. FET has outperformed the broader crypto market, rising more than 108% year-to-date and 558% over the past 12 months. In comparison, Bitcoin has risen 49% year-to-date and 140% over the last year, while Ether has increased by 6.7% year-to-date and 48% over the past 12 months. Data from Cointelegraph Markets Pro and TradingView shows that FET's price declined alongside the wider altcoin market, finding a bottom at $0.70 on August 5. Since then, the price has recovered, rising more than 120% and breaking a multi-month downtrend. Analysts suggest that FET is poised to revisit higher resistance levels over time. The token has also broken out of an inverse head-and-shoulders pattern, indicating a potential move upward if key resistances are surpassed. Analysts believe that FET could reach the $1.90-2.15 resistance area, with a potential target of $2.30, representing a 50% increase from the current price. The market structure is shifting, and analysts remain bullish on FET's long-term prospects. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The two suspected fraudsters were arrested last night in their respected Miami and LA homes, as ZachXBT alleged Thursday morning. source: https://www.theblock.co/post/317416/two-suspects-charged-in-230-million-cryptocurrency-theft?utm_source=rss&utm_medium=rss

Another chapter has closed for Terraform Labs after the firm received approval from a court to close down its operations, according Reuters. source: https://www.theblock.co/post/317414/terraform-labs-gets-sign-off-from-us-bankruptcy-judge-to-begin-winding-down-reuters?utm_source=rss&utm_medium=rss

null source: https://x.com/DaanCrypto/status/1836858299276239002

Australia’s central bank and banknote issuing authority is pursuing initiatives on central bank digital currency (CBDC) and digital money. According to Reserve Bank of Australia (RBA) assistant governor Brad Jones, the central bank’s work agenda on digital money will focus more on wholesale CBDC used by banks and other financial institutions than on retail CBDC […] source: https://dailyhodl.com/2024/09/19/australian-reserve-bank-has-strategic-commitment-to-develop-cbdc-system-according-to-assistant-governor/

A widely followed crypto analyst says that one marquee artificial intelligence (AI) project is primed to skyrocket soon while updating his outlook on two smart contract platforms. In a new strategy session, crypto trader Altcoin Sherpa tells his 223,600 followers on the social media platform X that machine learning platform Fetch.AI (FET), which is a […] source: https://dailyhodl.com/2024/09/19/crypto-trader-says-blue-chip-ai-altcoin-primed-to-breakout-soon-updates-outlook-on-sui-and-fantom/

Web3 auditing firm CertiK's new venture arm plans to invest in two new free security products designed to safeguard user's assets. source: https://www.theblock.co/post/317402/security-firm-certiks-new-venture-firm-unveils-45-million-investment-plan?utm_source=rss&utm_medium=rss

WIF, PEPE and SEI were among top performing altcoins as Bitcoin surged to above $63,800 on Sept. 19. These gains followed US Federal Reserve’s 0.5% interest rate cut. Analyst says WIF could outpace market in coming weeks. Meme coins dogwifhat (WIF) and Pepe (PEPE), as well as layer 1 blockchain Sei (SEI) are among the […] source: https://coinjournal.net/news/wif-pepe-and-sei-shine-as-cryptocurrencies-surge/

The culprits stole nearly 4100 BTC and spent it on luxury goods before being arrested this week. source: https://cryptopotato.com/hackers-steal-243-million-in-bitcoin-scam-but-doxxed-themselves-on-discord/

With a change in its business practices, GameStop Corporation (NYSE:GME) allows CEO Ryan Cohen the ability to buy and sell stocks and cryptocurrency with source: https://www.benzinga.com/markets/cryptocurrency/24/09/40946963/bitcoin-worth-63-000-pulled-in-33-pack-of-trading-cards-at-gamestop-mind-boggling-story-go?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Animoca Brands is considering Hong Kong for its upcoming IPO due to the city’s growing digital asset sector. Despite a drop in valuation from $5.9 billion to between $1.5 billion and $3 billion, the company is focused on expanding and has yet to set a firm IPO timeline.