Cryptocurrencies News Roundup: August 28, 2024

a group of pills floating in the air

Trump’s New NFT Series

Former President Donald Trump has introduced a new NFT series that includes 25 special Bitcoin inscriptions. These unique digital assets have sparked interest among collectors and cryptocurrency enthusiasts.

TON Foundation’s Campaign Gains Momentum

The chairman of the TON Foundation revealed that over 300,000 signatures have been gathered for a campaign urging France to release Telegram founder, Pavel Durov. This massive support underscores the global backing for Durov’s freedom.

Nasdaq’s Bitcoin Index Options

Nasdaq is seeking approval from the SEC to launch Bitcoin Index Options with CF Benchmarks. If approved, this initiative aims to improve risk management and liquidity in the Bitcoin market, making it an important development for investors.

CME Group’s New Bitcoin Futures

In an effort to attract retail investors, CME Group, the world’s largest futures exchange, is launching smaller Bitcoin futures contracts. This move could democratize access to Bitcoin investment opportunities.

Telegram Founder’s Arrest and Legal Proceedings

On the day Pavel Durov, the founder of Telegram, was supposed to have dinner with French President Emmanuel Macron, he was arrested. His preliminary detention has expired, and he has now been taken to a Paris court amid heightened security measures.

Bitcoin Market Developments

If Bitcoin falls below $58,000, the cumulative long order liquidation intensity across mainstream exchanges will reach $471 million. Matrixport has also noted that the $59,000 mark is a pivotal focus for bulls.

DeFi and Institutional Interest

OKX has suspended deposits and withdrawals via the TON network, causing delays in ongoing transactions. Meanwhile, BlackRock is listing its iShares Ethereum Trust on Brazil’s B3 Stock Exchange under the ticker ETHA39, providing Brazilian investors with access to Ethereum.

Market Predictions and Analysis

QCP Capital predicts that any decline in stock markets and cryptocurrencies will be short-lived as the Federal Reserve is set to cut interest rates. RIA Novosti has also reported that Pavel Durov has been taken to court, with significant security measures in place.

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