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In this week’s recap, major updates in the crypto space include Binance founder Changpeng Zhao’s confirmed release date, Donald Trump’s entry into the crypto market, Token2049 conference highlights, MicroStrategy’s latest Bitcoin purchase, and the market’s response to the recent Federal Reserve rate cut.
Binance Founder’s Release Date Confirmed
According to the U.S. Federal Bureau of Prisons, Binance founder Changpeng Zhao (CZ) is set to be released from prison on September 29. CZ was sentenced to four months for violating AML regulations and has been in custody since June.
Trump Launches New Crypto Venture
Former U.S. President Donald Trump officially announced the launch of World Liberty Financial (WLFI) alongside his sons, Eric and Don Jr. WLFI aims to challenge traditional banking with its upcoming token, exclusively available to accredited investors.
Token2049 Conference Highlights
The Token2049 crypto conference in Singapore wrapped up with prominent voices like Ethereum co-founder Vitalik Buterin and Circle CEO Jeremy Allaire discussing crypto’s future. BitMEX founder Arthur Hayes expressed caution about the recent Fed rate cut, while OKX’s Star Xu emphasized self-custody’s importance.
Iggy Azalea’s Crypto Party Drama
Pop star Iggy Azalea promoted her meme coin MOTHER at a Las Vegas party, drawing mixed reactions from the crypto community. Azalea responded by poking fun at TOKEN2049 attendees, including Vitalik Buterin.
Markets Recover After Fed Rate Cut
The Federal Reserve implemented a 0.50% interest rate cut, boosting market momentum. Bitcoin surged past $64,000, marking its highest point in September, though some analysts warned of potential short-term volatility.
MicroStrategy Buys 7.4k More BTC
MicroStrategy acquired 7,420 Bitcoin worth $458 million following a successful convertible note offering. This purchase brings the company’s total Bitcoin holdings to 252,220 BTC.
