According to CoinDesk, federal prosecutors have charged two purported market makers, several crypto projects, and over a dozen individuals with manipulating various crypto markets. The charges allege that these entities profited from fees and selling manipulated coins at elevated values. The charging documents, unsealed on Wednesday, reveal that Gotbit and ZM Quant engaged in wash trading of various tokens to create the illusion of legitimate activity. They sold these tokens at artificially inflated prices, marketed them on various platforms, and convinced exchanges to allow them to buy tokens with reduced fees. Prosecutors claim that both Gotbit and ZM Quant publicly presented themselves as legitimate market makers offering legal services, while privately providing illegal services, including wash trading. In Gotbit’s case, the illegal activities were not entirely private. In 2019, Gotbit co-founder Alexey Andryunin, then a 20-year-old college sophomore, explained to CoinDesk how the wash trading services worked. He admitted that Gotbit was not registered in any jurisdiction because it was “not entirely ethical.” ZM Quant was registered in the British Virgin Islands, but its employees named in the indictment were based in Hong Kong. Gotbit's employees are believed to be Russian. The manipulated tokens included Robo Inu, which saw a price increase after the indictment was unsealed. Other named defendants include VZZN, NextFundAI, and Saitama. According to the indictments, each token, including Robo Inu, is classified as a security. Several individuals behind these projects, including Robo Inu founder Vy Pham, have also been named as defendants. The U.S. Securities and Exchange Commission (SEC) has unveiled parallel civil charges against Gotbit and its employee director Fedor Kedrov, a Russian resident.

A top analyst known for calling Bitcoin (BTC) bottoms is warning that the rallies witnessed by the crypto markets to start the week may been a bull trap. Pseudonymous analyst Bluntz tells his 279,800 followers on the social media platform X that Bitcoin looks short-term bearish after failing to rally above 0.618 Fibonacci level. Traders […] source: https://dailyhodl.com/2024/10/09/reality-check-top-trader-says-latest-crypto-rally-may-have-been-a-trap-heres-why/

The head of blockchain analytics platform CryptoQuant says that ancient Bitcoin (BTC) whales are largely remaining dormant. Ki Young Ju tells his 363,800 followers on the social media platform X that the Spent Output Age Bands (SOAB) metric indicates long-term holders of Bitcoin are not moving their coins. The SOAB bundles spent coins into categories […] source: https://dailyhodl.com/2024/10/09/ancient-bitcoin-btc-whales-still-sleeping-according-to-cryptoquant-ceo/

Feds on Wednesday unsealed indictments against Gotbit, ZM Quant, CLS Global and MyTrade for alleged crypto market manipulation. source: https://decrypt.co/285503/feds-charge-gotbit-others-market-manipulation

The NAVI Protocol is scheduled to include USDC stablecoin and the Sui Foundation has declared that the asset would be available natively on the Sui network.  According to a press statement, this integration represents the third-largest supply of USDC in the sector, after Aave and Compound, and is supported by $120 million in USDC liquidity. […] source: https://coinscreed.com/sui-network-to-launch-native-usdc-via-navi-protocol.html

And that’s good news for risk assets like bitcoin and ether, says Scott Garliss. source: https://www.coindesk.com/opinion/2024/10/09/cpi-growth-is-set-to-slow-even-more/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless. source: https://cointelegraph.com/news/bitcoin-etf-options-expected-q1-2025-bloomberg-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

U.S. prosecutors charged four crypto companies and 14 people on Wednesday, according to reporting from Reuters. source: https://www.theblock.co/post/320347/us-government-charges-four-crypto-companies-and-14-people-for-fraud-reuters?utm_source=rss&utm_medium=rss

Bitmain stormed the Bitcoin mining industry after launching new and more efficient mining machines for Bitcoin miners. The company announced the S21+ Hyd. and the S21+ mining machines during the Bitcoin Amsterdam Summit held in the Netherlands. source: https://www.cryptopolitan.com/bitmain-unveils-new-mining-machines/

Gobit and ZM Quant were secretly offering market manipulation services to projects that wanted to artificially inflate their trading volume, prosecutors allege. source: https://www.coindesk.com/policy/2024/10/09/prosecutors-charge-two-crypto-market-makers-employees-with-market-manipulation-fraud/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Satoshi Nakamoto is not the authority of Bitcoin, but "us" who run the Bitcoin nodes and "us" who use Bitcoin are responsible for Bitcoin.

Crypto Market, 20 Cryptocurrency Predictions for 2025 Bitcoin will break through the $100,000 mark Golden Finance, 20 Predictions for the Cryptocurrency World in 2025

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Standard Chartered Bank predicts that if Trump is elected as the US president in November, the price of Solana token SOL is expected to rise by 500% by the end of 2025.

A new HBO documentary suggests that the creator of Bitcoin, Satoshi Nakamoto, is likely Canadian software developer Peter Todd, disproving the Nick Szabo theory put forward by Musk.

The Dow's performance in the 11 weeks before Election Day has been correlated with whether the incumbent party's candidate wins the presidential election since 1968.

Well-known analysis agency QCP Capital said that if China stops its economic stimulus measures, Bitcoin will usher in capital reallocation and the cryptocurrency market will benefit from it.

On October 8, 2024, the Financial Services Agency of Japan issued an important statement clarifying that "non-custodial wallet services" using certification technology are not considered to be crypto asset exchange industries.

Wall Street tycoon Schiff said the U.S. government is ready to sell 69,370 bitcoins and called on MicroStrategy to borrow another $4.3 billion to buy it.

Jade City has shipped its first batch of jade to Guangdong, China, aiming to profit from the $50 billion jade market and launch a tokenization platform, making this exclusive market more accessible to investors.