He served four-months in federal prison for charges including alleged violations of US anti-money laundering (AML) rules. source: https://cointelegraph.com/news/binance-founder-cz-walks-free-from-us-prison?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Changpeng Zhao, better known as CZ, has reportedly been released from the American prison he had to serve four months in after admitting guilt to money laundering charges.   This is a developing story source: https://www.cryptopolitan.com/binance-founder-changpeng-cz-zhao-released-from-prison/

According to Cointelegraph, the Federal Reserve's recent decision to cut interest rates for the first time since March 2020 is expected to significantly affect the revenue streams of the top five centralized stablecoins, which collectively hold nearly $125 billion in US treasury bills. A report released by index provider CCData on Sept. 27 indicates that treasury bills account for 80.2% of major stablecoin reserves. These stablecoins are projected to lose approximately $625 million in interest income for each 50-basis point (bps) cut. Data from CME Group’s FedWatch tool shows that markets are pricing in a 75-bps rate cut by the end of 2024, including a 50-bps cut in November, followed by an additional 25 bps in December. Combined, the potential upcoming cuts could erase an additional $937.5 million from stablecoins' revenue, bringing the total revenue loss from the Fed’s easing policy to $1.5625 billion. Tether’s USDt (USDT) leads the group of stablecoin issuers whose reserves are backed by the US treasury, with a total of $93.2 billion in T-bills and repurchase agreements. The company posted a net profit of $5.2 billion in the first half of 2024, driven by interest rates. Circle’s USD Coin (USDC) follows with $28.7 billion in treasury holdings through its Circle Reserve Fund, while First Digital USD (FDUSD), PayPal USD (PYUSD), and TrueUSD (TUSD) hold smaller positions in treasury assets worth $1.83 billion, $634 million, and $502 million respectively. A decline in interest rates will likely add mounting pressure on stablecoins’ profit margins. In September, the total market capitalization of stablecoins climbed by 1.50% to reach $172 billion, marking the twelfth consecutive month of growth as per CCData. Despite this, the overall market cap remains below what it was before the Terra Luna depegging event in May 2022. Trading volumes have been moving lower on centralized exchanges, falling 39.4% to $683 billion recorded as of Sept. 23, suggesting a possible decline in monthly trading volumes. Traditionally, September marks the end of seasonality effects and often marks the start of increased trading activity, noted the report. USDT remains the most popular stablecoin on centralized exchanges, accounting for 77.2% of all trading volume. FDUSD remains the second most traded stablecoin with a market share of 11.6%, followed by USDC with 10.9%.

Changpeng Zhao was sentenced to four months in prison in April this year after he pleaded guilty last year. source: https://www.theblock.co/post/318471/former-binance-ceo-changpeng-zhao-released-from-custody-on-friday-bloomberg?utm_source=rss&utm_medium=rss

The US Department of Justice intercepted another batch of confidence scam wallets, containing $6M in USDT. Tether, Inc. will once again assist the authorities in blacklisting the addresses. source: https://www.cryptopolitan.com/tether-assists-us-justice-department-in-seizing-over-6m-from-alleged-crypto-scams/

Liquidity is projected to surge into the crypto market in the fourth quarter of the year, creating a favorable environment for a potential parabolic rally in both Bitcoin (BTC) and altcoins. This influx of capital could drive prices higher as investors look to capitalize on the anticipated momentum. Today, Bitcoin’s price surged past $65,000, marking a significant milestone. However,... source: https://beincrypto.com/bitcoin-price-altcoins-to-rally-q4/

CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion. source: https://cointelegraph.com/news/fed-dovish-move-slash-625-m-in-interest-income-stablecoins?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Coinspeaker Changpeng Zhao Finally Free after His 4-Month Jail Term Binance’s former CEO Changpeng Zhao is now free after his incarceration in a California prison. Changpeng Zhao Finally Free after His 4-Month Jail Term source: https://www.coinspeaker.com/changpeng-zhao-free-4-month-jail-term/

There are steps that former Alameda Research CEO Caroline Ellison can take to make prison a better experience, consultants told Decrypt. source: https://decrypt.co/283537/sbf-prison-advisor-advice-caroline-ellison

On Sep 27, 2024, 20:47 PM(UTC). According to Binance Market Data, BNB has crossed the 610 USDT benchmark and is now trading at 610.200012 USDT, with a narrowed 2.99% increase in 24 hours.

한 암호화폐 투자자가 무뎅 토큰을 매수해 단 15일 만에 1,331달러를 340만 달러로 바꾸면서 내부자 거래 가능성에 대한 의문이 제기되고 있습니다. 이러한 가치 급등은 일부 투자자들이 장기적인 이익을 위해 기존 자산을 보유하는 데 집중하는 보수적인 접근 방식과 대조를 이룹니다.