TOP 5 market capitalization CRYPTO
| Indices | LTP | Change (%) |
|---|---|---|
| Bitcoin | $25828 | $503194419123 |
| Ethereum | $1615 | $194165642867 |
| XRP | $0.4924 | $26137003049 |
| Solana | $18.31 | $7525244152 |
| Polygon | $0.5222 | $4866290358 |
The leaders of the G20 nations, currently convened in New Delhi for a two-day summit, are expediting the establishment of a cross-border framework for cryptocurrency assets. They have collectively agreed on a plan aimed at enhancing information sharing between countries, set to commence in 2027.
Coinbase plans to cease cryptocurrency trading services in India by September 25, citing regulatory hurdles. The exchange has urged Indian users to withdraw their funds. Despite earlier efforts to launch and integrate with India's Unified Payments Interface, Coinbase faced resistance from local authorities, leading to this decision.
Reports indicate that the official Twitter account of Ethereum co-founder Vitalik Buterin was hacked, with hackers sharing a harmful phishing link in a tweet related to Consensys and "Proto-Danksharding" on Ethereum. The account was quickly recovered. This incident follows other high-profile crypto-related account compromises.
Michael Saylor highlights a performance gap between ProShares Bitcoin Strategy ETF ($BITO) and Bitcoin's YTD rise, emphasizing the need for spot Bitcoin ETF approval for better alignment. Bloomberg's James Seyffart provides context, revealing a 6.4% lag in total returns. Spot ETFs could institutionalize the market, reducing the gap. As spot ETFs become a reality, MicroStrategy may adjust its Bitcoin accumulation strategy, considering increased demand driven by BlackRock and Fidelity's ETF operations.
On September 9, Pepe Coin's official Telegram account, "lordkeklol," was compromised, with unauthorized users promoting scams and other cryptocurrencies. The Pepe team disassociated from the hacker and urged the community to report the account as fake. Official updates will now be communicated exclusively through their X account. Amidst internal disputes and a $15 million token theft.
The cryptocurrency market faced turbulence this year due to macroeconomic factors. Despite Worldcoin's controversial launch, AI-powered tokens have maintained their stability, as indicated by Kaiko's recent trading data, keeping investors focused on this sector.
At the Apex event in Amsterdam, Ripple's CTO David Schwartz offered insights into Ripple and the XRP Ledger's future. Notably, he highlighted XRP's regulatory clarity in the U.S. post the SEC legal battle, and discussed transformative developments to enhance the XRP Ledger.
Also read - Daily Crypto News and Digital Currency Updates!
