Global Crypto Adoption; Mt GOX Deadline Extended; Half a Billion in New Fund & More Crypto Hacks

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Key Takeaways

  • Chainalysis’ annual Global Crypto Adoption Index showed Asia is driving crypto adoption and that global adoption is down compared to last year.
  • Crypto Conferences show higher attendance than expected. Giving the team encouraging signs
  • Mt. Gox extended the deadline to reimburse creditors to next October. Some organised creditors may start receiving their BTC by year-end. The FUD continues.
  • Mixin, a ‘decentralised’ wallet service suffered a hack, resulting in a nearly $200M loss. Please refresh yourself in our security center.
  • Venture Capital has not slowed, with Blockchain Capital raising $580M in two new funds.

Important upcoming macro dates:

  • Sep. 28: Gross Domestic Product Report
  • Sep. 29: Consumer Price Index
  • Oct. 6: U.S Employment Rates & Hourly Wages

Next FOMC meeting and rate probability as per CME FedWatch Tool:

  • In 35 days, there is an 85.6% confidence rate that interest rates will NOT change from 5.25–5.50%

Truflation snapshot:

  • Today’s U.S. Truflation: 2.55%
  • Latest annual CPI data: 3.7%

00:00 Market Update
02:18 Chainalysis Report
03:50 Conferences
06:30 Mt GOX
09:30 Hacks
13:45 Layer 2
18:30 Funding
22:50 FTX
25:00 Lawsuits
28:00 Justin Sun
30:40 Arbitrum

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