EXCLUSIVE: @Stripe expands its stablecoin card program to 100+ countries by year-end, and appoints @Privy_io co-founder Henri Stern to lead its stablecoin and crypto business.
NEW: The SEC approves 3x leveraged $BTC and $ETH ETFs, a first for U.S. crypto funds previously capped at 2x leverage, though trading cannot begin until the SEC declares the registration statement effective.
Update on the Appointment of Alvarez & Marsal as Financial Adviser and Near-Term Action Plan
Dear BitMart Users,
Following careful consideration, BitMart has appointed Alvarez & Marsal ("A&M") as its external financial adviser. A&M will assist BitMart and its legal advisers in conducting an assessment of BitMart’s financial position, stakeholder issues and arrangements for orderly withdrawals, assist in evaluating available options, and support the development of a near-term action plan.
With A&M now engaged, BitMart intends to provide a further update within the next three weeks on a rolling basis regarding user feedback channels, the collection of user concerns, and the action plan. BitMart, together with A&M, will conduct an assessment of BitMart’s current operations, evaluate BitMart’s assets and financial position and assess potential paths forward, including the details of a possible orderly resumption of operations and alternative options that have been put forward by interested third parties, and take into account user feedback in this process.
In terms of immediate next steps:
· We are fully aware that users have significant concerns regarding withdrawal arrangements, asset status, and subsequent related procedures. All relevant data must be subject to verification by an independent financial adviser before being disclosed externally to ensure its accuracy and authenticity. This is the reason we engaged A&M. To facilitate the centralized collection of user opinions and feedback, BitMart will establish a dedicated web portal as a unified channel for comments on our action plan and future direction. Feedback received will be carefully considered and evaluated, and will be incorporated into our ongoing assessment and planning efforts. The link to the web portal will be made available and announced to all users via an official notice within 5 working days. As for important issues of general concern expressed by users on the portal, we will respond to them in due course through subsequent announcements and communications.
· BitMart also intends to appoint an independent third party in the near term to provide oversight of the company’s operations and safekeeping of assets during this period, helping to ensure that users’ interests remain protected.
We fully understand that the withdrawal restrictions imposed over the past period have inevitably caused unease, disappointment, and even anxiety among our users. We understand the inconvenience this has caused, and we greatly value our users’ right to express their concerns through reasonable and lawful channels.
At the same time, we sincerely call on all parties to maintain rational communication and to express their views and demands through lawful and appropriate means. We particularly hope to avoid any acts of harassment, threats, or invasion of personal privacy directed at individual employees. Over the past nine years, our users have always been the foundation of BitMart’s growth. Without our users, BitMart would not exist as it does today.
At this stage, our primary focus is on addressing the issues at hand and developing a near-term action plan. With the support of advisers, we also intend to establish a more structured, transparent, and constructive framework for communication and engagement with our users, and will provide regular progress updates.
Thank you for your continued patience and understanding while this work is undertaken.
For any immediate inquiries about this announcement, please contact: [email protected]
BitMart Team
🔗 https://t.co/T0jJbeEGfH
Jesus Christ you should use Muse Spark 1.2 as your default cheap model
it is so SO fast, I'm averaging 200 TPS in general use, not going to use anything but xhigh for early impressions but man it is so snappy and responsive in pi
Meta's compute shining here as expected, excited
We are excited to announce David Salamon as CoinMarketCap's new CEO. As Chief Product Officer, he built CMC AI from zero, rebuilt our on-chain data infrastructure with DexScan, and modernised the data platform behind thousands of customers worldwide.
This marks the start of a new chapter for CoinMarketCap. As the industry enters its AI-native era, we'll double down on what has always defined us: trusted data, product-first thinking, and a commitment to serving the millions of people who rely on CMC every day.
To Rush: thank you for five years at the helm. You leave CMC stronger than you found it, and we'll be cheering you on in whatever comes next.
https://t.co/KjIYq0pU13
🚨 Payward, Kraken’s parent company, has partnered with Singapore Gulf Bank to bring 24/7 instant settlement to selected institutional crypto clients.
💵 The service starts with USD transactions, while SGB will tap Kraken Prime for liquidity. $KRKN $BTC
#Crypto#Blockonomi
Full Story Below 👇
https://t.co/IdxTBisvyG
Today was a big day across financial markets, here are the 8 stories you need to know ↓
1. Nvidia's market reached a new all-time high of $5.72 trillion.
2. The Nasdaq 100 crossed 31,000 for the first time in history.
3. President Trump says Europe has agreed to immediately release a "massive amount" of its diesel oil reserves.
4. Tesla delivered 487,000 vehicles in Q3, exceeding expectations of 462,000.
5. The U.S. unemployment rate rose to 4.2%
6. The U.S. economy added 29,000 jobs in September, lower than expectations.
7. Broadcom will lend Anthropic up to $42 billion to lease its chips
8. The odds of a Fed rate hike this month fall to 20%.
"Chainlink doesn't lose 290 million dollars."
@SergeyNazarov at Sibos, explains the difference between a bridge and reliable infrastructure.
The last cycle was defined by bridge hacks, with nine-figure losses again and again.
Sergey's argument is simple. Reliability is the product.
"Chainlink doesn't lose 290 million dollars. That's how you solve that problem."
Now @chainlink is moving on to the next set of problems: identity, digital twins, accounting and orchestration.
The bridge wars are over. Chainlink is already working on what comes after.
Real talk
If you’re on the wrong side during a big move like this, most of your immediate impulses are gonna suck
Greatest hits:
1. Revenge short - Can’t believe I missed this piece of shit scam pumping; it’s up so much it HAS to come down
2. Oversized buy - I will use leverage as a time travel machine to make up for being late
3. TA cope - It has to retest the exact level it broke out from immediately because I watched two whole Babypips videos on 1.5x speed
4. All-or-nothing - My only options are 0%. exposure or 100%, nothing in between exists
5. Deer in headlights - oh geez I guess I should wait for a pullback but no what if the consolidation is the pullback hmm maybe I’ll wait for a range to form but what if that range breaks down do I buy the retest of the breakout or the range reclaim oh man fuck shit what’s Ansem saying
6. Overtrader - I will cement my bloodline on the 5 minute chart; if this next candle is the wrong colour I will either be rich or poor
Just chill out, delete your levels, pretend you haven’t looked at the chart in weeks - fresh eyes
Then it’s the usual list of simple questions:
1. What signals are firing / what do I think is gonna happen
2. What kind of bet am I making (mean reversion/volatility expansion/new trend/momentum/Blackrock scam etc.) and on what time horizon
3. Where am I wrong
4. Does my position size match the current volatility and align with the shape of my trade idea i.e. points 1-3
FWIW I’m washed but gonna try to jam some spot sub 70k. If it gets accepted below 66-67k (retraces the breakout) then I’ll lose money
“Wow it’s up so much what you buy the top?”
Then I’ll lose money and look silly on social media. That’s the cost of doing business (at least the first one).
Just start LARPing like everyone else and instead of saying “I bought the top” say “I aggressively rebalanced when an ensemble of carefully weighed momentum factor signals fired contemporaneously.”
$30 trillion in total transfer volume across the TRON network. 🔻
A milestone measured in trillions. An impact measured far beyond it.
8 Years and counting.
Governor Cuomo takes the stage at OKX Now.
Tune into our CEO Panel on October 6th as OKXICE Co-Chair, Former NY Governor @andrewcuomo shares his vision for the future of finance and champions our commitment to compliance and responsible growth.
More details: https://t.co/rsI59TAMhr
As a non-profit organization, the Litecoin Foundation relies on the generosity of the community. Consider making a donation to help further the development and advancement of Litecoin. Donate today and double your impact! As Charlie Lee will match your gift!! https://t.co/csAXylxHmc
This was one of the highest volatility days in recent crypto history.
Was I long the BTC breakout?
No.
Did I catch the HYPE news?
No.
But do I have a tactical pool of capital that’s ready to deploy with a clear plan if a new trend forms?
Also no.