Daily Dispatch
Posts
'Uptober' starts early? 📈

'Uptober' starts early? 📈

Bitcoin is on the rise following Wednesday's Fed rate cut, leaving short position liquidations in its wake.

Andrew Hayward
September 19, 2024

IN PARTNERSHIP WITH

📝 What you need to know

As expected, the Federal Reserve cut interest rates on Wednesday for the first time in four years—and while the initial crypto market reaction was muted, Bitcoin and other major assets started climbing last night and into Thursday.

Jumping up near the $64,000 mark for the first time this month, Bitcoin’s quick spike led to a wave of short position liquidations—over $150 million worth in the last day, the majority of which came from Bitcoin positions. Is it too early to celebrate the start of “Uptober” with this unusual September surge?

'Uptober' Starts Early as Bitcoin Price Pump Smashes Short Positions

Bitcoin and other digital assets usually have a rough September—but soar in October. The Fed's rate cuts might have just sped things up.

Inflation in Check? Fed Cuts Interest Rates for First Time in Four Years

The Federal Reserve cut interest rates for the first time in four years Wednesday, signaling the start of its easing campaign.

'Oh It Did Go Through!': Bitcoin Boosters Get Trump to Buy Burgers With BTC

Donald Trump used Bitcoin to pay for burgers at PubKey bar in New York City, all while rallying BTC fans to vote.

Solana’s New Phone Promises More for Less—And Already Seeing Huge Demand

The newly revealed Solana Seeker brings various enhancements over the Saga smartphone—at less than half the price.

From Our Partner

Galaxis's goal is to empower individuals to build an unstoppable community that’s truly their own, freeing them from third-party control. With a no-code platform, users can monetize their creativity, protect their digital spaces from deplatforming, and achieve true digital sovereignty.

Discover the cutting-edge infrastructure behind the iconic Trump NFTs! Explore how our technology powers the future of digital collectibles and stay ahead of the curve.

Learn more

🎓 LEARN: Getting Started with Institutional Staking

Earn a free NFT by taking our course, “Getting Started with Institutional Staking,” in partnership with Figment. Learn all about how proof of stake blockchains work, how to earn rewards through staking, and the various staking solutions available to retail and institutional investors.

💬 Quote of the Day

❝

“I just made the first transaction in Bitcoin.”

Former President Donald Trump, after buying burgers with Bitcoin

🌐 From Our Hubs

🎮️ GG: 'Parallel' Ethereum Game Studio Reveals Shooter on Base Network B3

The makers of Parallel are expanding the Ethereum card battler's universe with Project Tau Ceti, a 3D shooter on Base gaming network B3.

🤖 EMERGE: Is It NPR or AI? Google Turns Your Notes Into Incredibly Real-Sounding Podcasts

Google's free NotebookLM instantly turns anything you upload into an expert-level, professional sounding podcast. Here’s how to do it.

🎭️ SCENE: Iggy Azalea Says She Wasn't Allowed to Twerk at Solana Breakpoint Because It ‘Would Go Too Viral’

Musician and meme coin creator Iggy Azalea says she canceled her appearance at Solana Breakpoint because of a dance-related dispute.

📚 Dive Deeper

🎥 WATCH: How Jan 6. Organizer Became Meme Coin Kingpin

Dustin Stockton is called the “Godfather of Political Finance” but he wasn’t always known this way. He was originally heavily involved in campaigning for Donald Trump and was the lead organizer of January 6.

🎓️ LEARN: What Is ‘Eve Frontier’? CCP's Space Survival Game on Ethereum

CCP has lifted the lid on its massive Eve space survival game that is built on the blockchain. Here’s what you need to know.