GM Explorer,

Can you imagine Elon Musk, whose tweets can literally shake and move markets, possibly losing his touch? It may sound unbelievable, but it happened.

Here’s what we got for you today:

• 🤯 Musk’s latest Dogecoin post falls flat!

• 🤔 Bitcoin ATMs: Convenience or cybercrime magnet?

• 🧱 Around The Block: VanEck to liquidate Ethereum futures ETF, citing growing demand for spot alternative.

🤯 Musk’s Latest Dogecoin Post Falls Flat!

Musk is known for his strong support of cryptocurrencies like Dogecoin, Bitcoin, and Ethereum; in fact, his comments have historically had significant impacts on the market.

But on September 7, something unexpected happened.

Musk shared an AI-generated image titled "Department of Government Efficiency," subtly but obviously including the Dogecoin name.

And given Musk’s history of making crazy things happen with a single tweet, we all expected the market to react dramatically.

But guess what? The post didn’t even move the needle on the coin's trading price at all!

It’s almost as if the Dogecoin community—or maybe the entire crypto world—has suddenly become immune to Musk’s influence. If that’s so, then it’s not good for him at all.

Just a few years ago, in 2021, Musk’s support alone sent Dogecoin’s value skyrocketing nearly 200-fold.

Back then, he even hinted that Dogecoin could become a major payment cryptocurrency if the sector thrived.

And let’s not forget his infamous SNL appearance, where he professed his love for pet dogs, leading to a surge in dog-themed cryptocurrencies.

In fact, his influence in the space was so significant that it got him into trouble.

Some investors accused him of manipulating Dogecoin’s price for personal gain, claiming he bought up Dogecoin, inflated the price, and then sold it for profit.

However, a court cleared him of these allegations last month due to a lack of evidence.

So, what’s changed all of a sudden - Is Musk’s magic fading out, or has the Dogecoin community moved on? Or could it be that the community has completely given up on Dogecoin?

We might never have a clear answer, but hey, that's just the ever-changing nature of the crypto world.

One thing is certain, though: the world would be much less colorful and a lot more boring without Musk's colorful antics.

Here’s to hoping his ego stays intact because he adds a certain flair to our world, whether you love or hate him.

If you want to dive deeper into this story, check it out here.

🤔 Bitcoin ATMs: Convenience or Cybercrime Magnet?

Bitcoin ATMs are popping up across the U.S., offering a simple way to buy and sell crypto, but with convenience comes risk!

These machines have become hot targets for hackers and thieves, with the FTC reporting that scams have risen over 1,000% since 2020.

Hackers are getting crafty, installing malware to snatch private keys, steal funds, or mess with transactions.

This is even more concerning when you consider that some, if not most ATMs may not be receiving regular software updates or security patches.

And it doesn't stop there – network vulnerabilities are a whole other can of worms!

If the machine's network communications aren't properly secured, hackers can intercept data transfers between the ATM and the server, leading to data theft or unauthorized access.

To make matters worse, there is no governing body within Bitcoin regulating who can or can’t run a Bitcoin ATM, and that means tons of independent organizations are running these things. Yikes!

And get this – Bitcoin ATMs face new threats that regular cash ATMs don't.

For instance, many Bitcoin ATMs need personal information, such as your ID or Social Security number, to comply with financial industry Know Your Customer (KYC) requirements.

So, your information could be at risk if a Bitcoin ATM gets hacked.

But don't worry, we've got your back; here are some tips to avoid bitcoin ATM scams:

• Be cautious of any request to pay through a Bitcoin ATM, as legit businesses hardly ever ask for payment in Bitcoin through a machine.

• Avoid sending cryptocurrency to unknown wallets.

• You can double-check the recipient address by looking for flagged activity on platforms like Chainabuse and doing an AML check on the address using available tools.

• Most importantly, stick to well-known ATM operators. Here’s a list of the ten biggest Bitcoin ATM operators.

Stay alert, folks—your crypto wallet depends on it!

🧱 Around The Block

• VanEck to liquidate Ethereum futures ETF, citing growing demand for spot alternative.

• Tether addresses $102 million agricultural investment.

• Ethereum DEX volume rises, Uniswap, Curve Finance, Balancer lead.

• US national debt explodes by $684,322,497,000 in three months as Fitch warns America has failed to fix the growing debt burden.

• Hackers target Ethereum in major crypto heists.

• Billion-dollar bank is accused of secretly sending customers’ personal and financial information to Facebook, Google, and Microsoft.

• Venezuelan opposition proposes Bitcoin reserve as a lifeline amid the hyperinflation crisis.

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.