📣 TOP STORIES OF THE DAY 📣 📉 Digital asset investments see outflows for sixth successive week 🔗 Chainlink addresses controversy over multisig wallet signer changes 📢 Hong Kong plans to flag suspicious crypto platforms amid JPEX scandal 💲 Justin Sun launches 'SAFU' fund after HTX $8m hack 🇮🇳 Gemini to invest $24m in India despite current tax regulation

Ahead of the House Committee on Financial Services hearing, SEC Chair Gary Gensler emphasizes continued oversight on crypto, reiterating most tokens fall under securities laws.Gensler avoids commenting on ongoing litigations such as the XRP lawsuit, drawing attention instead to the broader regulatory framework for cryptocurrencies. In light of the approaching U.S. House Committee on Financial Services hearing on September 27, 2023, the spotlight once again turns towards U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler and the Commission’s perspective on crypto regulations. This engagement follows closely on the heels of a recent Senate Committee session, where Gensler notably upheld a stern outlook on cryptocurrency governance. Persistent Stance on Cryptocurrency Regulation On the cusp of the scheduled testimony, Gensler’s submission reiterates the SEC’s enduring position on crypto regulation. Echoing his earlier proclamation, Gensler accentuates the vulnerability of the crypto industry to fraud and misconduct, affirming the indispensable nature of regulatory oversight. The hearing, designated ‘Oversight of the Securities and Exchange Commission,’ manifests as a pivotal forum for delineating the Commission’s viewpoint, particularly concerning the characterisation of most crypto tokens as securities, a stance that has spurred much deliberation. Despite the galvanizing ambiance, Gensler has issued a precursor to a conceivable reticence on commenting about ongoing litigations, such as the high-profile XRP lawsuit. This discerning silence extends to discussions on the Grayscale spot ETF conversion ruling, delineating a distinct boundary on the purview of discussions poised for the upcoming hearing. Amid the labyrinth of crypto regulation, the hearing pivots towards unveiling a timeline for a cogent regulatory framework. This quest for clarity garners additional momentum from a bipartisan assembly of lawmakers urging an expedited process in approving spot ETFs, spotlighted by recent court filings like the Grayscale verdict. The intertwining of past actions, ongoing litigations, and the envisaged regulatory blueprint presents a complex tapestry, indicating that the journey towards a harmonized crypto regulatory framework remains an unfolding narrative. As lawmakers and stakeholders keenly anticipate Gensler’s testimony, the dialogue between regulatory bodies and the crypto sector evolves, aiming towards a mutually beneficial resolution amidst a rapidly evolving digital asset landscape. *Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Ripple #XRP $XRP

About XRP ( Make sure to follow please for more and valuable crypto updates) #crypto2023 $XRP The XRP price is $0.50849, a change of 1.50% over the past 24 hours as of 5:58 p.m. The recent price action in XRP left the tokens market capitalization at $27,108,727,206.84. So far this year, XRP has a change of 49.48%. XRP is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS). XRP is the native cryptocurrency of XRP Ledger, which is an open-source, public blockchain designed to facilitate faster and cheaper payments. Sending payments overseas using the legacy financial system typically takes one to four business days and can be expensive. If a person uses XRP as a bridging currency, it’s possible to settle cross-border transactions in less than five seconds on the open-source XRP Ledger blockchain at a fraction of the cost of the more traditional methods. #crypto2023

Crypto funds could reach $650 billion in assets with BlackRock ETF approval Alliance Bernstein reports that forthcoming bitcoin ETF approvals, among other trends, will drive crypto asset management to new heights within five years. The next five years might see up to $650 billion managed by the crypto fund management industry, according to a new research report released this week from broker Bernstein, which believes the arrival of spot bitcoin exchange-traded funds (ETFs) will play a pivotal role in increasing the size of the crypto fund management market. The report outlines how the digital assets industry will balloon from managing $50 billion of assets to as much as $650 billion, making it a significant player in the financial industry. Right now, the global crypto market capitalization sits at $1.08 trillion, but crypto has traditionally been treated as separate from the traditional banking and financial services industries. As it reaches mainstream adoption, it is expected that the amount of money channeled into crypto will explode, rivaling that of other sectors of the economy.  Although spot bitcoin exchange-traded funds (ETFs), which track the price of bitcoin, have not been approved yet, they are growing in popularity, as retail investors eye the potential investment vehicle as a way to acquire exposure to the volatile digital assets industry without directly owning seemingly risky assets. The participation of mainstream investors and companies will likely catalyze mainstream adoption, and the U.S. Securities and Exchange Commission (SEC) is currently reviewing multiple applications for ETFs. With deadlines looming, Bernstein predicts that the crypto industry may have an approval at any point between October 2023 and March 2024. #ETH #crypto2023 #cryptonews #Binance #DeFiChallenge

One of the reasons why cryptocurrencies are lucrative investment deals for individuals and investors is because they tend to have high returns on investment. These assets are highly volatile, and their prices fluctuate significantly. During the bull market, most digital asset prices surge as investor sentiment shifts to bullish. These periods are associated with greed, as retail and institutional investors flock to benefit from the rising prices.  For this reason, buying digital assets at low prices is essential. The current market is recovering from a bear market, and digital assets are available for investors at a bargain. Solana, Tron, and Bitcoin Spark are among the best projects to invest in before the bull cycle begins. What are the best crypto projects to buy now? It is impossible to accurately predict and call the market with a list of crypto projects to make headlines with new highs. However, historical data from past market cycles indicates that utility tokens that solve limitations in the DeFi ecosystem are the best bets to buy just before a bull market begins. Solana and Tron are utility tokens likely to reward long-term investors and holders with capital gains. The projects provide suitable Web3 platforms that have revolutionized the entire blockchain scope by supporting upcoming projects, smart contracts, and NFTs. However, Bitcoin Spark is the best crypto project to buy now. Here is why. Why is Bitcoin Spark unique? The Web3 ecosystem faces the inauguration of new digital platforms frequently. However, only utility tokens like Solana, Tron, and now Bitcoin Spark make it to mainstream adoption. Unlike Solana and Tron, which offer smart contracting platforms as alternatives to Ethereum, Bitcoin Spark is a Bitcoin hard fork. The new entrant’s functionalities and utilities make it a more desirable project than Solana and Tron.  Newer projects reward investors significantly due to a smaller but growing market capitalization. Bitcoin Spark’s market capitalization will most likely move in double or triple figures as the imminent bull market commences, rewarding early adopters significantly with capital gains. Bitcoin Spark is the only Web3 platform to amalgamate proof-of-work and proof-of-stake to form a unique consensus mechanism called proof-of-process.  The proof-of-process consensus mechanism values proof-of-work more, with miners getting more rewards than stakers for “working” on the network. However, the earning mechanism is controlled by an algorithm that rewards miners according to the magnitude of the work done, but not in a way that creates an unbalanced ecosystem.  Proof-of-process work will involve a different form of mining as the ideal network validation method. Unlike Bitcoin, whose transactions are approved by miners competing to solve complex mathematical equations, Bitcoin Spark’s equations are simpler and more straightforward and, therefore, more accessible to mine.  Miners are rewarded in BTCS tokens for approving transactions and verifying new blocks. Since mining BTCS requires less energy, the process will be executed using simple electronic gadgets such as mobile phones, laptops, and tablets. The Bitcoin Spark team is developing software applications supported by different operating systems to facilitate the mining process.  These operating systems, including Windows, Mac OS, iOS, and Linux, will power the software solutions, ensuring the mining process happens efficiently in the background without interfering with the standard use cases of the device. This is a massive advantage since users will not incur extra costs to buy mining devices specifically designed to mine digital assets, as is the case with mining in the Bitcoin network. Bitcoin Spark is in its twilight stages of development, and a presale exists, selling ERC-20 BTCS tokens that will later be bridgeable on the Bitcoin Spark network upon mainnet release. Each BTCS token is available at a cheap and affordable price of $2.75 and accompanies an 8% bonus eligible for all transactions of all sizes. 

Here are the main points:Bitcoin started in 2009 and is the most popular digital money that uses blockchain technology.The person who made Bitcoin, known as Satoshi Nakamoto, probably has the most Bitcoins.Some famous rich people with Bitcoin are the Winklevoss twins, big companies like MicroStrategy, and countries like the United States and China.As of september 28, 2023, Bitcoin was the biggest cryptocurrency, worth around $516.85 billion. People were always curious about who had the most Bitcoins and how much they were worth.Back in April 2021, when cryptocurrencies were really popular, there were more than 1.3 million people who had Bitcoin, up from just 1,000 in July 2010. By March 14, 2023, there were still over a million Bitcoin holders. But it's not just regular people buying Bitcoin.A while ago, people didn't think big companies would buy Bitcoin and keep it in their savings. They thought Bitcoin was too risky and weird for that. But in the past two years, some major companies have actually bought a lot of Bitcoin.Since Bitcoin started in 2009, it made some people really rich, even billionaires. But we don't know for sure who has the most Bitcoin because the owners' names are secret. We can only know if they tell us how much they have.Individuals with The Largest Bitcoin Holders.1. Winklevoss Twins: Cameron and Tyler Winklevoss co-founded Gemini, a cryptocurrency exchange in 2014. They became known for accusing Mark Zuckerberg of stealing their social network idea. They invested in Bitcoin using $65 million they received in a court settlement with Zuckerberg in 2013. At that time, they claimed to own 1% of all Bitcoin. However, a cryptocurrency exchange failure in November 2022 caused them to lose over 60% of their Bitcoin wealth.2. Michael Saylor: He's the founder of a company called MicroStrategy, which makes business analytics software. In the late 1990s, during the internet boom, Saylor became very rich because he owned a lot of MicroStrategy's stock. But later, the SEC (a government agency) accused his company of accounting problems and fined them $11 million. The value of the company's stock dropped, and Saylor lost $6 billion in net worth. Nowadays, he's a big supporter of Bitcoin, calling it a kind of online bank that anyone can use. He and his company have invested a lot in Bitcoin.3. Satoshi Nakamoto: This is the name of the person or group that created Bitcoin. Nobody knows who they really are because they've kept their identity secret. Before Bitcoin even existed, they wrote a paper about it and shared it in 2008. In this paper, they described a way for people to send money to each other online without needing a bank. They're believed to have the most Bitcoins and were probably the first person or group to mine them.4. Tim Draper: He's a venture capitalist who's a big fan of Bitcoin. He's invested in many famous tech companies like Twitter, DocuSign, and Coinbase. In 2014, he bought a lot of Bitcoins that the U.S. government had taken from an illegal online market called Silk Road. Draper paid around $632 for each Bitcoin. He's all for the idea that Bitcoin should be decentralized and not controlled by governments.Publicly Traded Companies With the Largest Bitcoin Holdings 1. Tesla (TSLA): Tesla, the big electric car and clean energy company run by billionaire Elon Musk, started buying Bitcoin in February 2021. They said they did it to have more flexibility with their money and make more profits. Tesla even began accepting Bitcoin as payment for their cars, which made them the first major car company to do that. Nowadays, Tesla is investing in other cryptocurrencies like Dogecoin.2. MicroStrategy (MSTR): In August 2020, a company called MicroStrategy started buying Bitcoin because they were worried that things like the pandemic, government money printing, and political uncertainty might make the U.S. dollar lose value. The CEO of MicroStrategy, Michael Saylor, said they believed Bitcoin was a reliable way to store value and a good investment for the long term instead of just keeping cash.3. Hut 8 Mining Corp (HUT): Hut 8 Mining Corp is a company that helps create digital money by using powerful computers. They're based in North America and have big computer centers in Canada. In February 2023, they joined with another company called US Bitcoin to become "New Hut." This made them even bigger, with lots of computer power for creating cryptocurrencies. They now have the ability to create a lot of Bitcoin on their own, and they operate in places like Alberta, New York, and Texas.Private Companies  With the Largest Bitcoin Holdings .1. Block.one: Block.one is a software company known for its advanced blockchain solutions. They created EOSIO, a technology that helps with secure data transfer and powerful decentralized apps. In 2018, they raised an incredible $4 billion by selling their own cryptocurrency, EOS.2. The Tezos Foundation: This is a nonprofit organization that supports the Tezos blockchain network. They've been around since 2018 and manage the money they got from selling Tezos tokens to help Tezos grow. Their CFO, Roman Schnider, really likes Bitcoin and thinks it's an important way to store value.3. Tether Holdings: Tether Holdings is closely involved with Tether (USDT), a stablecoin. They make and manage Tether tokens, which are linked to various blockchains like Bitcoin and Ethereum. Each Tether token is supposed to represent one U.S. dollar.Top countries holding bitcoin1. Ukraine: Ukraine has collected a significant amount of Bitcoin, mainly through donations from individuals and companies. This cryptocurrency support has been crucial during the conflict with Russia. Ukraine was already friendly to blockchain technology before the conflict, with favorable rules for crypto businesses. As a result, it holds a substantial amount of Bitcoin among countries.2. The United States: The United States holds the most Bitcoin among countries. Much of it came from legal cases involving the Silk Road, Bitfinex, and the seizure of James Zhong's BTC. Various government agencies have seized Bitcoin over the years. However, the lack of transparency in how the government handles these Bitcoins can create challenges in determining ownership and impacts the overall Bitcoin ecosystem.3. El Salvador: El Salvador is known for being a nation that owns Bitcoin. In fact, it made history by adopting Bitcoin as legal tender in 2021, becoming the first country to do so worldwide.Who is the biggest Bitcoin holders?1-Satoshi Nakamoto 1million btcis the person who invented and launched Bitcoin by creating the first blocks of transactions. On January 3rd, 2009, Satoshi is believed to have mined more than 22,000 blocks, earning over one million Bitcoin as rewards. This makes Satoshi the owner of the largest Bitcoin stash, which is now worth almost $23 billion. Interestingly, this Bitcoin isn't all in one place but spread across 22,000 different addresses. What's even more intriguing is that, aside from some test transactions, Satoshi has never spent any of it. After leaving the Bitcoin project in 2010, Satoshi disappeared.However, about a year ago, there was a surprising development. Over 100 Bitcoin from two old Bitcoin wallets, likely belonging to Satoshi's early mining days, were moved. These wallets had been dormant for more than a decade, causing quite a buzz in the cryptocurrency community. Both wallets had earned 50 Bitcoin by mining blocks back in June 2010 and had seen almost no activity until recently. Some speculate that these coins may still belong to Satoshi, given their connection to those early mining addresses.2-United States 205,515BTC3-Block.one 164,000 BTC4-Microstrategy 158,245 BTC5-Winklevoss Twins 70,000 BTC6-Tether Holdings 52,673 BTC7-Ukraine 46,351 BTC8-Tim Draper 29,656 BTC9-The Tezos Foundation 24,808 BTC10-Michael Saylor 17,732 BTCThe largest individual Bitcoin investor is Michael Saylor.who is also the CEO of MicroStrategy Inc. His enthusiasm for Bitcoin is remarkable. In August 2020, his company started buying Bitcoin with $250 million because they wanted to use their cash more effectively.Over time, Saylor has become a big supporter of Bitcoin, speaking at events to promote its benefits. By December 2021, MicroStrategy had increased its Bitcoin holdings to $3.5 billion, and Saylor's net worth grew to $1.6 billion thanks to his Bitcoin investments. In December 2022, they bought even more Bitcoin, reaching around 132,500 Bitcoins, worth about $3.2 billion by February 2023.now holding 158,245 BTC.Currently, MicroStrategy has a Bitcoin stash worth $3.8 billion, while Saylor personally holds about $480 million worth of Bitcoin. conclusionAs cryptocurrency became more popular, many individuals became billionaires in this new asset class. Cryptocurrency millionaires come from various backgrounds; some by providing goods and services to the growing crypto world, and others by capitalizing on the crypto market's ups and downs. It's important to note that Bitcoin is more evenly spread among its users compared to other cryptocurrencies.However, the National Bureau of Economic Research has pointed out that the Bitcoin ecosystem is still controlled by a small number of big players, such as large miners, Bitcoin holders, and exchanges. Because Bitcoin's wealth distribution is not evenly spread, most of the profits from its growing adoption tend to go to a few players, making it potentially risky.Remember that trading always carries a risk of loss. It's crucial to conduct thorough research, stay updated with the latest news, use both fundamental and technical analysis, and consider expert opinions before getting involved in trading or investing in cryptocurrencies.

According to data from Shibburn, the burn rate of Shiba Inu (SHIB) tokens has surged by 947% in the past 24 hours, with over 164 million tokens sent to an inaccessible wallet. The Shiba Inu team has implemented a burning program to reduce the coin's circulating supply, potentially making SHIB more scarce and valuable over time. The asset has a total supply of 999,992,188,828,143 tokens, with 41% already destroyed. Despite the significant increase in Shiba Inu's burn rate, the token's price has remained relatively flat over the past two weeks and is down 10% on a one-month basis, according to CoinGecko data. Some analysts and experts believe the coin may rally once mass adoption and additional Shibarium utilization are in place. Notably, Swiss luxury watchmaker Tag Heuer has already accepted SHIB as a payment method, and Texas residents can pay their solar panel bills in various digital assets, including the memecoin. The layer-2 scaling solution Shibarium has also passed through several development stages and recently surpassed three million total transactions.

Rally Report On BITCOIN CASH The price of $BCH has rallied by 9% in the past 24 hours. WHY?! 🔎 On-chain data reveals there is a steady accumulation of BCH by whales, pushing its price upwards. 🚀 Notably, this has pushed the price of BCH to break out from the key resistance level at $225. Analysts expect the momentum could carry the price to $250 if it lasts for the remainder of the week. Disclaimer: Digital asset prices are subject to high market risk and price volatility, You are solely responsible for your investment decisions. I'm just giving a Rally Report, I'm not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. #dyor #Bch