229% inflation: How ‘Binance dollars’ became Venezuela’s real currency

USDT's supply reaching 175 billion highlights its significant impact on financial inclusion and sets a new standard for stablecoin innovation and adoption worldwide. This growth is crucial as it reflects the increasing trust and reliance on digital currencies in the global economy.

Ethereum (ETH) has seen a significant drop of 5.7%, with major players like Binance and CME leading the futures market. This decline is noteworthy as it reflects the current volatility in the cryptocurrency market, which can impact investor confidence and trading strategies. The options market, however, shows a bullish lean, suggesting that some traders are still optimistic about ETH's future performance. Understanding these dynamics is crucial for investors looking to navigate the ever-changing landscape of digital currencies.

Bitcoin's recent surge past the $115,000 mark has sparked renewed optimism among traders, signaling a potential recovery after a period of uncertainty. This rebound showcases Bitcoin's resilience and its ability to bounce back from critical support levels, which is encouraging for investors. However, some remain skeptical about the sustainability of this momentum, highlighting the mixed sentiments in the market.

The recent recovery of the BNB Chain X account by the Binance team has led to a surprising turn of events for the '4' meme coin, which saw its price surge by 500% after the hacker's actions. This spike not only highlights the volatility of meme coins but also the resilience of the cryptocurrency market in bouncing back from such incidents. It's a reminder of the dynamic nature of digital currencies and the potential for rapid gains, even in the aftermath of a hack.

Tether, the issuer of the popular stablecoin USDT, has made a significant move by purchasing 8,888 bitcoins worth around one billion dollars. This decision underscores Tether's long-term strategy, highlighting the growing importance of Bitcoin as a key asset among major players in the market. As digital gold gains traction, this acquisition signals a strong belief in Bitcoin's future value, making it a noteworthy development in the cryptocurrency landscape.

In cities like Nairobi and Lagos, stablecoins such as USDT and USDC are becoming essential tools for people grappling with inflation. These digital currencies not only help individuals preserve their purchasing power but also reduce the high costs associated with remittances. Additionally, the integration of stablecoins with mobile wallets like M-Pesa makes it easier for users to manage their finances. This trend highlights the innovative ways Africans are adapting to economic challenges, showcasing the potential of cryptocurrency in everyday life.

Binance founder Changpeng Zhao has sparked excitement in the crypto community with a recent tweet about Bitcoin, leading many to anticipate a potential bull run. His influence in the market is well-known, as he has previously predicted significant price movements. This tweet has reignited discussions among investors and enthusiasts, highlighting the ongoing volatility and potential for growth in the cryptocurrency space.

Tether's recent purchase of $1 billion in Bitcoin has sparked both excitement and concern in the cryptocurrency market. While this significant investment has been welcomed by many investors, experts like Jacob King, CEO of SwanDesk, caution that it could lead to a massive market bubble. This situation is crucial as it raises questions about Bitcoin's true value and the potential risks involved for investors, highlighting the volatility and unpredictability of the crypto landscape.

Tether has made headlines by acquiring an impressive 8,888 Bitcoin, valued at around $1 billion. This significant purchase, confirmed by Onchain Lens, boosts Tether's Bitcoin reserves and highlights its ongoing commitment to cryptocurrency investments. This move is important as it reflects Tether's confidence in Bitcoin's future and could influence market dynamics, potentially attracting more investors to the crypto space.

The official BNB Chain account on X has been hacked, leading to unauthorized airdrop promotions. This incident raises concerns about security in the cryptocurrency space, especially given the prominence of BNB Chain and its connection to Binance. The team is actively working to regain control of the account, highlighting the ongoing challenges that digital platforms face in protecting their assets and user trust.

Bitcoin has shown impressive resilience by maintaining its crucial $108,000 support level despite significant selling pressure from large investors, known as whales, in September. This stability is particularly noteworthy given the fluctuations in trading activity on major exchanges like Binance. The ability of Bitcoin to withstand such challenges suggests a potentially bullish outlook for October, making it an important development for investors and the broader cryptocurrency market.

Binance has launched a new Crypto-as-a-Service platform aimed at banks and brokerages, allowing them to integrate cryptocurrency services into their offerings. This initiative is significant as it opens up new revenue streams for financial institutions and enhances customer engagement by providing access to digital assets. As the demand for crypto solutions grows, this move positions Binance as a leader in the evolving financial landscape.

XRP has made headlines as it has turned green for the first time since 2017, sparking excitement among crypto enthusiasts. Analyst Mikybull Crypto predicts a potential rally of up to 500%, which could see the altcoin soar to between $5 and $15. This shift is significant as it indicates a possible resurgence in XRP's value, making it a noteworthy development in the cryptocurrency market.

Bitcoin has kicked off October with a significant rally, reaching $118,200, which sets the stage for potential new all-time highs. This surge not only highlights Bitcoin's resilience but also raises questions about which altcoins might follow suit in this upward trend. Investors and enthusiasts are keenly watching the market for further developments, making this an exciting time in the cryptocurrency space.

USDT's supply reaching 175 billion highlights its significant impact on financial inclusion and sets a new standard for stablecoin innovation and adoption worldwide. This growth is crucial as it reflects the increasing trust and reliance on digital currencies in the global economy.

The US government shutdown has officially begun, raising concerns about the functioning of various agencies, including the SEC. With restrictions on enforcement actions and ongoing litigation, the SEC is expected to halt its review of crypto ETF applications. This is significant as it could impact the cryptocurrency market and investor confidence, highlighting the broader implications of government operations on financial regulations.

David Schwartz, the long-time CTO of Ripple, is stepping down from his daily role but will continue to contribute as a board member and on XRPL projects. This transition comes at a crucial time as Ripple faces increasing competition from SWIFT, which has partnered with a rival to enhance its offerings. Schwartz's departure marks a significant shift for Ripple, highlighting the evolving landscape of digital finance and the challenges that established players face in adapting to new market dynamics.

Wallet in Telegram is making waves by introducing support for tokenized U.S. stocks this October, allowing users to trade xStocks directly through the app. This partnership with crypto exchange Kraken and tokenized assets platform Backed is significant as it enhances the accessibility of stock trading for Telegram's vast user base, potentially attracting more investors into the crypto space.