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Deribit Announced That It Will Undergo Maintenance at 21:00 on September 5th

September 5th, cryptocurrency options trading platform Deribit announced that it will undergo maintenance at 21:00 on September 5th, with an expected downtime of 15 minutes. Deribit will remove profit/loss and commission from the order object, which will affect its WS and FIX APIs. Nevertheless, users can still retrieve the commission for each transaction through trading methods (such as private/get_user_trades_by_currency) or from the trading log.

Bitcoin Price Could Drop Further as On-Chain Data Shows Weak Support Levels

Bitcoin's price received a boost from the Grayscale lawsuit victory, but the rally was short-lived as the cryptocurrency lost all its gains. BTC is currently trading just above the local resistance level and is showing weak resistance to price drops. On-chain data suggests that BTC lacks strong support below the $25,400 mark, and could suffer a further 10 to 15% drop from the current level. The U.S. Securities and Exchange Commission's next deadline for the Blackrock spot Bitcoin ETF filing approaches in mid-October 2023, which could lead to another wave of volatility for BTC.

US FBI dismantles Qakbot botnet and seizes over $8.6 million in cryptocurrency

A global law enforcement operation this week has destroyed the notorious Qakbot zombie network. Qakbot is a type of banking Trojan that is infamous for providing initial footholds for other hackers to purchase access and spread their own malicious software (such as ransomware) on victims' networks. US officials say that in just the past 18 months, Qakbot has helped facilitate more than 40 ransomware attacks, resulting in $58 million in ransom payments. The operation, called "Operation Duck Hunt," saw the Federal Bureau of Investigation and its international partners seize Qakbot infrastructure located throughout the US and Europe. The US Department of Justice, which carried out the operation with the FBI, also announced that over $8.6 million in cryptocurrency had been seized from the Qakbot criminal organization, which will soon be made available to victims.

Data: In the past 24 hours, the amount of liquidation on the entire network reached 130 million US dollars, and the proportion of long orders reached 83%

According to Coinglass data , due to the cryptocurrency market's downturn, the total amount of liquidations across the entire network in the past 24 hours has reached $130 million, with long positions accounting for approximately 83% of this amount at $108 million, and short positions liquidating at around $21.4084 million.

Bitcoin Price Dips as Options Expire at $26k, Experts Weigh in on September Crypto Scene

Bitcoin's price has fallen by 4.4% to $26,050, erasing the gains made earlier this week. The cryptocurrency's market capitalization remains above $507 billion, but its decline has also caused a 3% dip in the total market value to $1.09 trillion.

Bitcoin Investors Brace for Potential Volatility in September and Look to Mid-October for Major Developments

Bitcoin investors should brace themselves for a potentially bumpy ride in September, as historical data shows that the month has often resulted in negative returns for the cryptocurrency. Crypto analyst Will Clemente also noted that September has had the least number of positive-returning months and is on a six-year negative-returning streak.

How E-Commerce Could Help Cryptocurrencies Go Mainstream

The rise of e-commerce in the 1990s paved the way for online sales to become more popular. Today, the internet retail industry could be the driving force behind digital currencies becoming mainstream. Adoption of cryptocurrencies has been slow due to regulatory issues, scams, and lack of public knowledge.

Alchemy Pay: US money transmission license application filed

Cryptocurrency payment provider Alchemy Pay has submitted an application for a US Money Transmission License on X platform (formerly Twitter) in order to maintain and strengthen regulatory compliance. This statement was made in response to comments on X platform obtaining a Rhode Island Money Transmission License.

Report: Three Quarters of Vietnamese Investors Support Cryptocurrency Regulation, Despite Not Recognized by the State

According to a research report by Kyros Ventures, Coin68 and Animoca Brands, 75% of Vietnamese investors support cryptocurrency regulation, despite the Vietnamese government not recognizing cryptocurrency as legal tender and not providing a relatively benign regulatory environment. The report also indicated that 33.4% of people support regulation of large CEXs, while 24.6% support broader regulation covering exchanges, cryptocurrency companies, and individual investors. 

Kraken Halts South African User Deposits, Causing Crypto Premium To Rise to 3.5%

The premium of cryptocurrency assets on South African exchanges briefly surged to 3.5% due to Kraken's refusal to accept deposits from South African users. South African cryptocurrency experts attribute this to the Financial Action Task Force (FATF) placing South Africa on the gray list.