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🚨 Top Crypto News Recap | 10th September 2024 🚨

1️⃣ Pump.fun Warns US Users to Stop Using Platform for 48 Hours⚠️: The leading memecoin creation platform pump.fun has issued a cryptic warning to its US customers, advising them to stay off the platform for the next 48 hours, with no specific reason given. Speculators believe the issue to be related to US regulations, and could be the beginning of more difficulties for fans in the US. — link

2️⃣ Japanese Investment Firm Buys $2,000,000 of BTC🌐: Metaplanet is aggressively buying BTC as a hedge against the depreciation of the yen. They have recently partnered with SBI VC Trade, known for their long-term support of crypto services, to access corporate custody services and financing options using Bitcoin as collateral. — link

3️⃣ SEC Enforcements Up 30x Since Last Year🔒: The US Securities and Exchange Commission has imposed fines of $4.7 billion against crypto companies in 2024, a 30-fold increase over the previous year. The vast majority of this came from its settlement with Terraform Labs, whose stablecoin and other products imploded spectacularly just a few years ago. — link

4️⃣ Analyst Predicts Mega Pump Oncoming for XRP🔝: Popular crypto analyst Egrag has published a bold prediction stating that XRP's 540 days of consolidation will be coming to an end soon, resulting in the coin hitting prices of almost $1.50. XRP has disappointed some in recent years as its price action has not mirrored the huge gains seen by other mainstream coins such as BTC and ETH. — link

5️⃣ FBI Issues $5.6 Billion Crypto Warning☄️: The Federal Bureau of Investigation has warned about a massive 45% year-over-year jump in crypto scam losses, with more than 69,000 complaints recorded so far in 2024. Most victims tend to be elderly, and have been warned to stay away from any offer that appears to be too good to be true. — link

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3.2K viewsedited  Sep 10 at 10:58

🚨 Top Crypto News Recap | 10th September 2024 🚨

1️⃣ Pump.fun Warns US Users to Stop Using Platform for 48 Hours⚠️: The leading memecoin creation platform pump.fun has issued a cryptic warning to its US customers, advising them to stay off the platform for the next 48 hours, with no specific reason given. Speculators believe the issue to be related to US regulations, and could be the beginning of more difficulties for fans in the US. — link

2️⃣ Japanese Investment Firm Buys $2,000,000 of BTC🌐: Metaplanet is aggressively buying BTC as a hedge against the depreciation of the yen. They have recently partnered with SBI VC Trade, known for their long-term support of crypto services, to access corporate custody services and financing options using Bitcoin as collateral. — link

3️⃣ SEC Enforcements Up 30x Since Last Year🔒: The US Securities and Exchange Commission has imposed fines of $4.7 billion against crypto companies in 2024, a 30-fold increase over the previous year. The vast majority of this came from its settlement with Terraform Labs, whose stablecoin and other products imploded spectacularly just a few years ago. — link

4️⃣ Analyst Predicts Mega Pump Oncoming for XRP🔝: Popular crypto analyst Egrag has published a bold prediction stating that XRP's 540 days of consolidation will be coming to an end soon, resulting in the coin hitting prices of almost $1.50. XRP has disappointed some in recent years as its price action has not mirrored the huge gains seen by other mainstream coins such as BTC and ETH. — link

5️⃣ FBI Issues $5.6 Billion Crypto Warning☄️: The Federal Bureau of Investigation has warned about a massive 45% year-over-year jump in crypto scam losses, with more than 69,000 complaints recorded so far in 2024. Most victims tend to be elderly, and have been warned to stay away from any offer that appears to be too good to be true. — link

Stay tuned to d_ciphered news for more updates! 🚀🔍