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The Fed’s rate cut just shook the markets! We dive into how Bitcoin reacted—and what this shift means for the cryptocurrency.

Here’s what we got for you today:

• 👌 What Fed's rate cut means for Bitcoin!

• 🤩 Vitalik Buterin steals the show at Token2049!

• 🧱 Around The Block: Louisiana State Government now accepts Bitcoin Lightning as payment.

👌 What Fed's Rate Cut Means for Bitcoin!

The Federal Reserve has cut interest rates by 50 basis points—the first cut in four years.

This takes the federal funds rate to a range of 4.75% to 5.00%, signaling the start of an easing cycle aimed at curbing inflation while maintaining economic stability.

But what does it mean for Bitcoin?

CoinShares Head of Research James Butterfill believes that the Fed’s rate-cut decision is a positive for Bitcoin.

He explained that lower borrowing costs could prop up the asset's price if monetary conditions continue to loosen in the coming months.

And it's not just Butterfill who sees it this way!

Grayscale's Head of Research, Zach Pandl, also thinks that the Fed's willingness to take risks with inflation tends to drive investors towards store-of-value assets like gold and Bitcoin.

Other analysts echo this sentiment, saying that the rate cut might weaken the dollar's strength, potentially boosting the value of assets such as gold and Bitcoin.

In a nutshell, this decision could be a game changer for Bitcoin, and the recent price movements seem to support this idea.

Despite Bitcoin’s price dipping below $60,000 before the announcement, it quickly surged above $61,000 soon after and is now at $62,089.54 as of this writing.

Even spot Bitcoin ETFs experienced a surge in inflows!

And according to Matt Hougan, the chief investment officer of the Bitwise asset manager, in a post on X, that increase showed that “Bitcoin is establishing itself as a go-to tool for investors looking to go risk-on.”

The bottom line? Keep an eye on the crypto space; we might see more shifts ahead!

Read the full story here!

🤩 Vitalik Buterin Steals The Show at Token2049!

If you missed the Token2049 event in Singapore, then let me tell you, you missed a lot!

Where do we begin? Should we start with Ethereum’s Vitalik Buterin’s show-stopping crypto-themed song performance or the exciting updates he shared about the future?

Well, let’s kick things off with Buterin’s standout moment.

It might sound unbelievable, but Buterin actually wowed everyone by performing a crypto-themed song! Watch it here.

It was so entertaining that even Tron CEO Justin Sun couldn’t resist tweeting his admiration for Buterin’s bold move.

But it wasn’t all about entertainment.

Buterin also showcased some game-changing achievements Ethereum has made over time.

For one, he emphasized the success of Ethereum’s layer-2 solutions, such as Optimism and Arbitrum, which have slashed transaction fees to nearly zero.

Remember when $800 transaction fees were the norm? Well, thank goodness those days are long gone!

He also highlighted the significant speed improvements since Ethereum’s shift to Proof-of-Stake, which has cut block wait times to just 5-15 seconds.

This not only revolutionizes transaction processes but also makes Ethereum more user-friendly and more appealing for broader adoption.

Buterin didn’t stop there, at least not without tackling the balance between scaling and decentralization.

He insisted that layer-2 systems should reflect Ethereum’s own decentralization.

In fact, he announced that from 2025, he’ll only support layer-2s that are at least 75% decentralized, ensuring they reflect Ethereum’s core decentralization values rather than merely replicating centralized systems.

Clearly, Buterin isn’t just performing for the crowd; he’s shaping Ethereum’s future with bold moves and high standards.

You can get the full details here!

🧱 Around The Block

• Louisiana State Government now accepts Bitcoin Lightning as payment.

• Why a giant inflatable Bitcoin rat now stands at the birthplace of the Fed.

• SEC says FTX auditor did not understand the crypto market.

• MicroStrategy announces a private offering of $875 million of convertible senior notes.

• Donald Trump struggles and seems confused in 'painful' crypto interview.

• BlackRock calls Bitcoin a ‘unique diversifier’ in document sent to clients.

• Revolut in advanced stages of plan to launch its own stablecoin.

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.