According to Cointelegraph, prosecutors for the United States Southern District of New York (SDNY) filed a motion on September 18 opposing Mango Markets exploiter Avraham Eisenberg's request for acquittal or a new trial. The SDNY attorneys argued that the jury correctly convicted Eisenberg by evaluating substantial evidence, beginning with the prosecution's assertion that Mango perpetual swaps are subject to the Commodities Exchange Act. Federal prosecutors emphasized that Eisenberg's defense, which claimed the fraud charges were inapplicable because he did not seek to manipulate the market price of the underlying asset, was materially incorrect. They noted the jury instructions on price manipulation and asserted that the evidence strongly supported the jury’s conclusion that Eisenberg committed material fraud. The attorneys stated, 'Fraud was at the core of, and necessary to accomplish, the defendant’s scheme.' Additionally, the SDNY prosecutors dismissed the defense's jurisdiction challenge, asserting that because most key employees of Mango Markets reside in Manhattan, the Southern District of New York had the authority to try the case. The case stems from an incident on October 11, 2024, when Mango Markets was hacked, resulting in $100 million being drained from the platform and the Mango token (MNGO) plunging by 52% within 24 hours. The Mango Markets team confirmed that an exploit of a price oracle was responsible for the attack. Eisenberg later identified himself as the hacker in a social media thread, defending the exploit as 'legal open market actions,' a point his legal counsel argued at trial. In December 2024, Eisenberg was arrested in Puerto Rico and subsequently charged with fraud and market manipulation by the Federal Bureau of Investigation. He was found guilty of these charges in April 2024 and could face up to 20 years in prison if given the maximum sentence by a judge.

According to CoinDesk, German authorities have shut down 47 cryptocurrency exchanges allegedly involved in criminal activities, including money laundering. The Federal Criminal Police Office (BKA) and the German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) announced the closures, citing the exchanges' failure to comply with 'know your customer' (KYC) requirements, which mandate identity and background checks on customers. The BKA's press release on Thursday highlighted that some of the affected exchanges include Xchange.cash, 60cek.org, and Baksman.com, among others. While one of the exchanges had been operational since 2012, others had launched as recently as the previous year. During the investigation, authorities seized customer and transaction data. However, they noted that prosecuting the individuals behind these activities might be challenging, as they often reside in countries where such criminal activities are tolerated or even protected. Instead of focusing on prosecution, German authorities aim to weaken the infrastructure that supports these illegal activities. Earlier this year, the BKA seized 49,857 bitcoin, valued at $2.1 billion at the time, from the operators of the privacy website Movie2k.to, which was shut down in 2013 for copyright violations. The agency sold the tokens in July, causing significant selling pressure in the global crypto markets, compounded by simultaneous repayments from the defunct bitcoin exchange Mt. Gox.

On Sep 19, 2024, 21:03 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,981.5 USDT, with a narrowed narrowed 4.47% increase in 24 hours.

According to Blockworks, a Texas court dismissed the lawsuit filed by Consensys against the Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, on Thursday night. The lawsuit, initially filed in April, included significant allegations such as the SEC's investigation into Ethereum and the issuance of a Wells notice to the company behind MetaMask. The April filing stated, 'On April 10, 2024, the SEC staff sent Consensys a ‘Wells Notice’ stating its intent to imminently recommend that the Commission bring an enforcement action against Consensys for violating the federal securities laws through its MetaMask Swaps and MetaMask Staking products.' This notice indicated that the SEC had concluded its investigation and was considering a lawsuit, although it did not guarantee that a suit would be filed. Since the April filing, the SEC has indeed filed its own lawsuit against Consensys, targeting MetaMask Swaps and claiming that Lido and Rocket Pool are unregistered securities. Judge Reed O’Connor, in his decision on Thursday, dismissed the claims regarding MetaMask’s offerings. He noted, 'Similarly, the enforcement actions do not constitute final agency actions. The Notice neither marks the consummation of the agency’s—i.e., SEC’s—decision making process nor establishes Plaintiff’s legal rights or obligations.' The claims related to Ethereum brought by Consensys were dismissed as moot, especially since the SEC announced earlier this summer that it was dropping its investigation into Ethereum while giving the green light to ether ETFs. Both Consensys and the SEC did not immediately respond to requests for comment.

According to Cointelegraph, artificial intelligence-themed tokens have experienced significant gains over the past 24 hours, driven by the US Federal Reserve's 50 basis-point rate cut. The Artificial Superintelligence Alliance (FET), which includes Fetch.ai, Ocean Protocol, and SingularityNET, has seen its FET token rise approximately 15% to $1.54 on September 19. AI-focused tokens have been performing well in 2024, bolstered by the emergence of various AI projects and the strong performance of Nvidia's stock. FET's recent rally mirrors Nvidia's stock price increase of 5.25% over the last 24 hours, reaching $119. Additionally, the token's performance is influenced by an upcoming governance vote on whether Cudos, an AI computing platform, will join the Artificial Superintelligence Alliance. The vote is scheduled between September 19 and September 24. FET has outperformed the broader crypto market, rising more than 108% year-to-date and 558% over the past 12 months. In comparison, Bitcoin has risen 49% year-to-date and 140% over the last year, while Ether has increased by 6.7% year-to-date and 48% over the past 12 months. Data from Cointelegraph Markets Pro and TradingView shows that FET's price declined alongside the wider altcoin market, finding a bottom at $0.70 on August 5. Since then, the price has recovered, rising more than 120% and breaking a multi-month downtrend. Analysts suggest that FET is poised to revisit higher resistance levels over time. The token has also broken out of an inverse head-and-shoulders pattern, indicating a potential move upward if key resistances are surpassed. Analysts believe that FET could reach the $1.90-2.15 resistance area, with a potential target of $2.30, representing a 50% increase from the current price. The market structure is shifting, and analysts remain bullish on FET's long-term prospects. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to Cointelegraph, Ether (ETH) has faced challenges in gaining upward momentum since the beginning of 2024. Matt Hougan, Chief Investment Officer at Bitwise Asset Management, suggests that Ethereum might be an underdog heading into 2025. Hougan pointed out that Ether has been struggling, especially after hitting a 42-month low against Bitcoin (BTC) on September 16. Despite this, he remains optimistic about Ether's future, although he expects price action to remain sluggish for the rest of the year. Hougan believes the market may reevaluate Ethereum as the November elections approach and regulatory clarity emerges, making it a potential contrarian bet through the end of the year. Hougan also noted that Solana (SOL), Ether's biggest rival, is up 38% year-to-date, while Ether remains flat. However, Solana's price has also been struggling against Bitcoin, with some analysts predicting it will follow Ether's downtrend. Pseudonymous crypto trader GGG suggested that Ether could see more downside in the short term, comparing the current situation to a bear market rally followed by a lower drop. The debut of the first Ethereum exchange-traded funds in July had little positive impact, with net negative flows and a nearly 30% drop in ETH price since then. Popular analyst Crypto Bullet mentioned that if ETH price falls further, the next correction could lead to a triple bottom chart formation, potentially sparking a rally in the fourth quarter of 2024. On the 3-day chart, Ether price is retesting its 700-day accumulation range, which acts as significant support around $2,200, according to crypto trader Inmortal. To gain more upward momentum, Ether's price needs to stay above this key long-term support level. CoinGlass data indicates that a potential decline below $2,200 could trigger over $1 billion worth of leveraged short liquidations across all exchanges. Ether price could also gain momentum as Bitcoin enters the parabolic phase of the bull cycle. Based on historical chart patterns and Bitcoin's average monthly returns for the fourth quarter, some analysts predict a three-month Bitcoin rally to $92,000, starting in October. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to BlockBeats, data from Whales Market on September 20 indicates that GRASS futures are currently priced at $0.53, reflecting a 24-hour decline of 14%. The trading volume for GRASS futures stands at $873,000. Meanwhile, Magic Eden (ME) futures are priced at $0.21, showing a 24-hour decrease of 10.75%. The trading volume for ME futures is currently $938,000.

On Sep 19, 2024, 16:46 PM(UTC). According to Binance Market Data, BNB has crossed the 570 USDT benchmark and is now trading at 570.299988 USDT, with a narrowed 5.51% increase in 24 hours.

According to Odaily, Ethereum developers have agreed to split the upcoming Pectra hard fork into two phases. This decision aims to make the large-scale upgrade less cumbersome and reduce the risk of errors or mistakes. The first software package is expected to be released in 2025, with the earliest possible launch in February. The initial phase of Pectra will include Ethereum Improvement Proposals (EIPs), such as EIP-7702, which is designed to enhance wallet functionality. The second phase will focus on upgrading the Ethereum Virtual Machine (EVM), known as EOF.

According to Foresight News, Tether has announced a strategic investment of $1.5 million in Sorted Wallet. The platform is designed to provide easy access to cryptocurrencies for users in emerging markets. This investment aims to enhance financial inclusion in Africa and South Asia.

According to Odaily, Robert Kennedy Jr. recently expressed in a letter to The Economist that Bitcoin mining is a powerful new tool to support renewable energy-intensive grids. He highlighted that while power grids are under pressure from manufacturing, electric vehicles, and data centers, Bitcoin mining's electricity usage pattern differs from traditional consumption and can positively impact the grid. Kennedy emphasized that unlike data centers and similar facilities, Bitcoin mining operations only run when electricity is cheap and abundant. When electricity becomes scarce and prices rise, mining operations can reduce their consumption within seconds. Additionally, Kennedy noted that Bitcoin miners actively participate in demand response programs, allowing grid operators to control their electricity usage to stabilize the grid. The involvement of Bitcoin miners in these programs helps bid in open markets, reducing electricity costs for consumers.

According to Odaily, Sky announced on the X platform that over 280 million DIA tokens were successfully upgraded to USDS within the first 24 hours of the upgrade's launch.

According to BlockBeats, data from CryptoQuant reveals that the 30-day increment of Bitcoin short-term holders (STH) has dropped to its lowest level since 2012. Julio Moreno, CryptoQuant's head of research, indicated that this decline might hinder Bitcoin's ability to break through its current price range. The data shows a shift in Bitcoin supply towards long-term holders (LTH), defined as addresses holding Bitcoin for more than 155 days. While the accumulation of Bitcoin by long-term holders is a prerequisite for price appreciation, Moreno emphasized that Bitcoin still requires new demand from short-term holders to sustain price increases. Moreno added, 'Currently, there is no significant new demand from short-term holders.'

According to BlockBeats, on September 19, Grayscale Research highlighted the potential of Polymarket to become a reliable source of truth by leveraging blockchain technology's transparency, record-keeping capabilities, market incentives, and collective user wisdom. This assertion comes in the context of growing distrust in media, with decision-makers often requiring timely and accurate information. A recent poll indicates that trust in the media in the United States is at its lowest point in the past 50 years. The increasing instances of misinformation have led nearly three-quarters of American adults to believe that news media contribute to political polarization. Additionally, almost half of the population expresses significant distrust in the media's ability to report news fairly and accurately.

According to Odaily, U.S. Treasury Secretary Janet Yellen has stated that the actions taken by the Federal Reserve are a very positive signal for the American economy. She emphasized that the U.S. labor market is normal and healthy, resembling its state before the pandemic.

According to Foresight News, BNB Chain has officially announced an extension for the application deadline of MVB Season 8. The new deadline is set for September 25 at 11:59 PM UTC+8. This extension aims to provide more teams with the opportunity to participate in the program.

According to Odaily, UBS strategists have highlighted a significant risk that the eventual decline in US interest rates could exceed current market expectations, potentially inflating a stock market bubble. Led by Andrew Garthwaite, the UBS team noted that since 1981, the Federal Reserve's initiation of a policy easing cycle with a 50 basis point cut has always been accompanied by an economic recession. However, this time, they believe it signals the Fed's aggressive stance rather than an impending recession.Garthwaite pointed out that the market is currently pricing in a bottoming of interest rates around 2.8%, a level previously suggested by the Federal Reserve as the neutral rate. This indicates a clear risk that the eventual decline in rates could be more significant than anticipated. The UBS team also mentioned that a steepening yield curve dominated by short-term bonds would benefit defensive stocks and the consumer goods sector, excluding luxury goods. They also expect small-cap stocks to outperform, as their floating rate debt is three times that of large-cap stocks.

According to Jin10, U.S. stock indices opened sharply higher following a significant interest rate cut by the Federal Reserve. The Dow Jones Industrial Average rose by 1.13%, the S&P 500 gained 1.5%, and the Nasdaq increased by 2.3%. Notable performers include Coinbase, up by 5.45%, and MicroStrategy, which surged 6.63%. Major tech stocks also rallied, with Nvidia (NVDA.O) rising 3.7%, Apple (AAPL.O) up 1.9%, and Microsoft (MSFT.O) climbing 2.2%. The S&P 500 reached a new intraday all-time high.

According to Odaily, a wallet suspected to be associated with Vitalik Buterin transferred 1300 ETH one hour ago, as monitored by Lookonchain.

According to Odaily, data disclosed by Trader T reveals that BlackRock's IBIT pre-market trading volume reached $24 million today.