News

🇺🇸 Congressman Accuses US SEC of Misusing SAB 121 to Target Crypto Custody Providers

Congressman Ritchie Torres condemned the US SEC for misusing the SAB 121 rule, as it contradicts generally accepted accounting principles.

Crypto custody service providers have been facing mounting pressure from the U.S. Securities and Exchange Commission (SEC) to disclose their assets on the balance sheet by leveraging the controversial SAB 121 accounting rule. Speaking on this, US Congressman Ritchie Torres stated that the securities regulator has been violating the accounting principles by upholding the SAB 121 rule.

📢 Bonk Inu Announces ETP Launch In US For Retail and Institutional Investors

Solana meme coin Bonk Inu recently announced plans to launch a BONK ETP in the US ahead, sparking optimism over its future price movements.

Bonk Inu (BONK), the popular Solana-based dog-themed meme coin, has recently marked a monumental stride within the global crypto landscape. Notably, the meme token announced the launch of a BONK exchange-traded product (ETP) in the U.S, emerging as the first-ever meme coin to achieve this feat. Crypto market enthusiasts speculate whether the ETP launch could fuel a positive impact on the asset’s price ahead.

🇸🇻 Elon Musk Meets With El Salvador President, Here’s What They Discussed

American billionaire Elon Musk & El Salvador President recently met to have conversations on emerging technologies like AI and others.

American entrepreneur Elon Musk and El Salvador president Nayib Bukele recently convened, garnering attention across the globe. On Saturday, the Tesla & SpaceX CEO revealed that he had an “excellent conversation with President Nayib Bukele,” over the scope of emerging technologies. Primarily, these conversations scoped-in on technologies such as AI and robotics, among other things. Here’s a brief report on the recent intersection of two global prominencies, which has in turn sparked a worldwide buzz.

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Markets

📊 Cryptocurrency Prices Today September 21: BTC At $63K, ETH & SOL Gain

BTC and Altcoins encounter market turbulence. BTC price rests at $63K, while ETH, SOL & XRP show mixed actions.

The crypto prices today have shown considerable resiliency, preventing downside momentum. Bitcoin (BTC) held the $63K mark, whereas Ethereum (ETH) and Solana (SOL) traded prominently in the green territory. Aptos and Lido DAO emerged among the day’s top gainers.

⚠️ Will Bitcoin Price Crash Again Soon?

Crypto analyst CrediBULL Crypto has predicted that the Bitcoin price could crash to as low as $49,000 after it hits a local top of $70,000.

The Bitcoin price has surged significantly since the US Federal Reserve’s 50 basis points (bps) interest rate cut. However, there are projections that the flagship’s price rally may be shortlived and a price crash imminent. Crypto analyst CrediBULL Crypto has predicted that the BTC price could drop to as low as $49,000 soon enough.

🚀 Top 5 Cardano Rivals to Turn $10K into $1M by Jan 2025

Unveil potential high-growth Cardano rivals that could allow investors to turn $10K Into a $1 million platform by January 2025.

The cryptocurrency market is witnessing significant activity from several key players aiming to rival Cardano. Shiba Inu Coin, Polygon (POL), Tron, Chainlink, and Litecoin have each shown promising developments. These cryptocurrencies exhibit potential for substantial returns, possibly transforming a $10,000 investment into a staggering $1 million by January 2025.