## Crypto Market Overview
The **general crypto market** has continued its **downtrend** on Monday, even with **Fed Chair Jerome Powell** hinting at potential **interest rate cuts** later this year.

## Ethereum's Current Position
**Ethereum (ETH)** has dropped **2%**, struggling around the **$2,595** key support level. This decline comes amid a selling spree by the **ETH Foundation**. Interestingly, the recent price movements do not reflect the **rising inflows** into U.S. spot Ethereum **ETFs**.

![Ethereum Price Chart](https://editorial.fxstreet.com/miscelaneous/ETHUSDT_2024-09-30_17-29-55-638633124203487849-638633419277790097.png)

## Meme Coins Defying the Trend
In a surprising twist, **Solana meme coins** such as **dogwifhat (WIF)** and **BONK** have emerged as top gainers in the **top 100 cryptocurrencies**, defying the broader market decline over the past **24 hours**.

![Meme Coins Performance](https://editorial.fxstreet.com/miscelaneous/WIFUSDT_2024-09-30_21-11-25-638633266864231545-638633419350333459.png)

The general crypto market continued on a downtrend on Monday despite Fed Chair Jerome Powell hinting at the possibility of further interest rate cuts later in the year. 

Why Bitcoin and Ethereum Are Struggling Despite Rate Cut Hints: Market Insights for October 2023

## Major Political Shift in Japan

Japan's Prime Minister **Fumio Kishida** has announced his decision to step down, paving the way for his likely successor, **Shigeru Ishiba**. This transition comes amidst various political and economic challenges facing the nation.

### Kishida's Tenure
Fumio Kishida, who took office in October 2021, has faced scrutiny over his handling of the economy and the ongoing COVID-19 pandemic. His administration's popularity has fluctuated, leading to calls for new leadership.

### Who is Shigeru Ishiba?
Shigeru Ishiba, a seasoned politician and former minister, is expected to bring a different approach to governance. Known for his **strong stance on national security** and **economic reform**, Ishiba's leadership could mark a significant shift in Japan's political landscape.

### Implications for Japan
This leadership change is crucial as Japan navigates its post-pandemic recovery, economic stability, and international relations, especially with neighboring countries. Observers are keen to see how Ishiba will address these pressing issues and whether his policies will resonate with the Japanese public.

Stay tuned for updates on this evolving political story and its impact on Japan's future.

Japan's Leadership Change: Kishida Steps Down as Ishiba Prepares to Take Over

### A Legal Setback for AT&T

An **AT&T Mobility** customer’s lawsuit concerning **$24 million** in cryptocurrency losses has been revived by a federal appeals court. The case focuses on allegations that AT&T allowed hackers to take control of the customer’s phone number, subsequently accessing his crypto accounts.

#### Background of the Case

The plaintiff, **Michael Terpin**, claims that under the **Federal Communications Act**, AT&T failed to protect his information. The **US Court of Appeals for the Ninth Circuit** ruled that Terpin raised a viable issue regarding whether AT&T provided a hacker with access to sensitive information. This access facilitated a **“SIM swap”** that compromised Terpin’s phone number and, ultimately, his cryptocurrency holdings.

![Christopher Brown](https://db0ip7zd23b50.cloudfront.net/dims4/default/91a465d/2147483647/crop/0x0+0+0/resize/80x80%3E/quality/90/?url=http%3A%2F%2Fbloomberg-bna-brightspot.s3.amazonaws.com%2Fec%2F53%2F62bd6b9e4111906e6bbee5fec216%2Fchrisbrown-bna.com.jpg)

This case highlights the increasing concerns surrounding **cybersecurity** in the telecommunications sector and the responsibilities of service providers in protecting their customers from hacks.

#### Implications for the Industry

The outcome of this lawsuit could set a significant precedent for how telecommunications companies handle customer security and the legal ramifications of breaches. As more individuals turn to cryptocurrency, the need for robust security measures is more crucial than ever.

Stay tuned for updates on this evolving legal battle.

An AT&amp;T Mobility customer’s lawsuit over $24 million in cryptocurrency losses he sustained after the company allegedly allowed hackers to gain control of his phone number—and with it his crypto accounts—was revived by a federal appeals court Monday.

AT&T Faces Legal Battle Over $24 Million Cryptocurrency Hack - What You Need to Know!

The **U.S. exchange-traded fund (ETF) market** has reached a monumental milestone, surpassing **$10 trillion in assets**. This surge was fueled by a remarkable **$691 billion** in inflows this year alone, as reported by **Bloomberg**. This impressive surge has set the stage for a record-breaking year, with ETF flows on track to shatter the previous record of **$900 billion in inflows**.

## **VOO, VGT Outshine SPY In Fund Flows**
According to **ETF.com data**, as of the end of August 2024, the market saw a robust performance, with **$71 billion** pouring into ETFs during the month. Leading the charge were heavyweights such as the **Vanguard S&P 500 ETF (VOO)** and the **Vanguard Information Tech ETF (VGT)**, while the **SPDR S&P 500 (SPY)** experienced notable outflows. As investors diversify their portfolios, it's clear that ETFs are becoming the go-to investment vehicle.

## **VOO, IVV, VTI Lead YTD Gains**
Among the top gainers for the year were the **S&P 500 index-tracking Vanguard S&P 500 ETF** and **iShares Core S&P 500 ETF (IVV)**. The Vanguard S&P 500 ETF has attracted over **$60.5 billion** in net flows and boasts an impressive **$503 billion in assets under management (AUM)**. Following closely is the iShares Core S&P 500 ETF, raking in about **$43.4 billion** in net flows, while the **Vanguard Total Stock Market Index Fund ETF (VTI)** pulled in a respectable **$21 billion**.

## **Tech-Focused QQQ, Bitcoin ETF Not Far Behind**
The tech sector hasn't been left behind either, with **Invesco QQQ Trust (QQQ)** gathering nearly **$20.9 billion** this year, showcasing a vibrant interest in technology stocks. The cryptocurrency space is also making waves, as seen in the remarkable inflows into **iShares Bitcoin Trust (IBIT)**, which attracted around **$20.9 billion**, capturing an astonishing **98.63% of its AUM**. With these trends, it’s clear that ETFs continue to be a major player in the investment landscape, providing investors with diverse options and strategic exposure to various sectors. 

![Market News](https://www.shutterstock.com/image-photo)


U.S. ETF market surpasses $10 trillion in assets with record-breaking inflows. Top gainers include Vanguard's VOO and iShares Bitcoin Trust.

Record $691 Billion Inflows: How Bitcoin ETFs and S&P 500 ETFs Are Shaping the Future of Investments

### Ohio's Bold Move Towards Cryptocurrency

Ohio State Senator **Niraj Antani** has introduced **legislation** on **September 30, 2024**, aimed at legalizing **Bitcoin** (BTC) and other **crypto payments** for taxes and fees at the state and local levels. This initiative is a significant step towards integrating digital assets into government transactions.

![Ohio senator introduces bill to legalize Bitcoin, crypto payments for state taxes, fees](https://cryptoslate.com/wp-content/uploads/2024/09/state-tax-crypto--768x403.jpg)

The proposed bill allows Ohioans to utilize **digital assets** to meet their tax obligations, signaling a push for **wider adoption of cryptocurrency** within state governance. According to Antani, "**Cryptocurrency is not just the future, but it’s the present of our 21st-century economy. We must encourage innovation and free enterprise in Ohio.**"

### Reviving Crypto Payment Options

In **2018**, Ohio became the first state to accept crypto for tax payments, but the program was halted in **2019** due to regulatory challenges. Antani's new legislation aims to rectify this by empowering Ohio to lead in **technological advancement** and **economic development**. He stated, "**The State Board of Deposits should have acted, and since they haven’t, we will.**"

Additionally, the bill permits **state universities** and **public pension funds** to invest in cryptocurrencies, enhancing their financial strategies.

### A Growing Trend Among States

Despite federal hesitance under the Biden administration, several states have been exploring or enacting legislation for crypto payments. Recently, **Congressman Matt Gaetz** introduced a bill to allow crypto payments for federal taxes, highlighting a broader trend of increasing interest in the use of cryptocurrency for government payments.

While states like **Colorado** and **Wyoming** are leading the charge, Ohio's renewed push under Antani could position it as the second state to successfully implement such a program, following Colorado's example in **2022**.

Other states like **Arizona** and **Louisiana** are also making strides towards accepting cryptocurrencies for tax payments and state services, reflecting a significant shift in how states view digital currencies.

### Conclusion

The introduction of this bill by Senator Antani marks a pivotal moment for Ohio and could set a precedent for other states looking to embrace the **cryptocurrency revolution** in public finance.

Ohio State Senator Niraj Antani introduced legislation aiming to legalize crypto payments for taxes and fees on Sept. 30.

Ohio Senator Pushes for Bitcoin and Crypto Payments for State Taxes: A Game Changer for Digital Currency Adoption

### Michael Saylor Shakes Up the Crypto Scene

Michael Saylor, the CEO of **MicroStrategy** and a prominent **Bitcoin bull**, recently created a buzz in the crypto community with his viral post titled **"Hodl On"**. In this post, he shared an infographic detailing the price performance of various assets, including **BTC**, **MSTR stock**, and the **S&P 500**, since MicroStrategy adopted its Bitcoin strategy on **August 20**.

### Performance Breakdown

According to Saylor's infographic, the standout performer over the last four years is **MicroStrategy's stock**, which has skyrocketed by a staggering **1,325%**. Following closely is **Bitcoin**, offering its holders a remarkable **451% return** on investment. In contrast, the **S&P 500** index only managed a modest **71% increase** during the same timeframe.

### Bitcoin's Price Journey

Since the summer of **2020**, Bitcoin has experienced significant fluctuations, reaching an all-time high of **$69,000**, dropping to **$15,500** amid the **FTX collapse**, and climbing back to a new peak of **$74,000**. Recently, Bitcoin's price fluctuated around **$65,000**, before settling back to **$63,500**.

### Saylor's Optimistic Outlook

Saylor's post is not merely a brag; it underscores his unwavering belief in the long-term potential of Bitcoin. Despite recent price dips, he remains unconcerned, stating that **short-term fluctuations** do not define the cryptocurrency's value. Traders are currently watching for potential tests of **key support levels** around **$62,300** and **$58,000**.

![Bitcoin Performance Chart](https://example.com/image.jpg)  

As questions loom over Bitcoin's near-term direction, Saylor's confidence shines through, suggesting that for him, **timeframes** are of little concern. His bullish stance continues to inspire many in the crypto community.

Bitcoin Bull Michael Saylor Flexes 1,325% Gain in Viral 'Hodl On' Post

Michael Saylor's Stunning 1,325% Bitcoin Triumph: What You Need to Know!

A **baby pygmy hippo** named **Moo Deng** from the **Khao Kheow Open Zoo** in Thailand has become a viral sensation! Born in **July**, this adorable two-month-old has captured hearts online and in-person. 

### Moo Deng's Rise to Fame
Since the zoo started sharing photos and videos of Moo Deng, the little hippo has attracted **10,000 visitors a day**! In a recent segment aired on **September 26**, viewers saw her sleeping, eating, and playing, further endearing her to fans everywhere.

![Moo Deng](https://media-cldnry.s-nbcnews.com/image/upload/t_fit-760w,f_auto,q_auto:best/rockcms/2024-09/moo-deng-Hippo-mc-240926-cd0c50.jpg)
*Baby pygmy hippo Moo Deng with her mother on September 19, 2024. (Sakchai Lalit / AP)*

### Moo Deng's Celebrity Status
Despite her unaware status of fame, Moo Deng's mother might be catching on to the buzz. In videos, Moo Deng often follows her mom around and enjoys meals together. The zoo’s TikTok account showcases delightful moments, including Moo Deng resting under her mom while getting a refreshing spray of water.

Fans on social media have embraced her with loving messages, declaring her a **lifestyle icon**. One fan humorously listed reasons why Moo Deng deserves the spotlight, including her **“inexplicably moist”** appearance and her **“round”** figure.

### Concerns for Moo Deng's Safety
However, with great fame comes great concern. Some visitors have engaged in **inappropriate behavior**, tossing objects at her, prompting the zoo to limit viewing to weekends with a strict five-minute cap per visit. The zoo director emphasized the need to protect Moo Deng and ensure her environment remains safe.

Pygmy hippos, like Moo Deng, are classified as **endangered**. The **Pygmy Hippo Foundation** estimates that only **2,000** remain in the wild, facing threats such as hunting. 

### What is a Pygmy Hippo?
Moo Deng is a **pygmy hippo**, a species that grows to only half the height and weighs less than a quarter of a typical hippo. They are native to **West Africa**, with populations in countries like **Sierra Leone** and **Guinea**. At birth, pygmy hippos weigh between **10 and 14 pounds** and are weaned by six to eight months.

![Moo Deng and her mother](https://media-cldnry.s-nbcnews.com/image/upload/t_fit-760w,f_auto,q_auto:best/rockcms/2024-09/pygmy-hippo-2-te-240916-16ec26.jpg)
*Moo Deng with her mother Jona on September 15, 2024. (Lillian Suwanrumpha / AFP via Getty Images)*

Stay tuned for more updates on Moo Deng and her journey to stardom!

A baby pygmy hippo from the Khao Kheow Open Zoo in Thailand has gone viral. What to know about Moo Deng, the internet's latest obsession.

Meet Moo Deng: The Adorable Baby Pygmy Hippo Taking the Internet by Storm!

### Bitcoin's Promising Future

CleanSpark CEO **Zach Bradford** has made a bold prediction regarding Bitcoin's potential price surge. In an interview with Bernstein, he stated that Bitcoin **could peak at nearly $200,000** within the next **18 months**. This optimistic outlook is largely tied to the timing of the upcoming **U.S. presidential election**, which he believes will significantly influence market dynamics.

Bradford emphasized that the **post-election period** often brings stability to the markets, alleviating anxiety and creating a more favorable environment for Bitcoin's growth. He remarked, "It’s less about who wins and more about the election being over, which brings certainty."

### Strategic Focus on Mining

In his assessment, Bradford pointed out that CleanSpark's focus is currently on **Bitcoin mining**, which he views as a more immediate opportunity compared to other technologies, such as **AI**. He explained that the mining infrastructure allows for a **faster payback** and quicker revenue generation, often beginning in just weeks.

Bradford stated, "The best use of our capital is to get as much [Bitcoin] today as we can." By consolidating mining operations and securing efficient power contracts, CleanSpark aims to capitalize on the anticipated market surge.

Despite the uncertainties surrounding the U.S. election, Bradford believes that its conclusion could **remove a layer of market anxiety** and empower Bitcoin's strength. He predicts a **meaningful push in Bitcoin prices** post-election through January, which should lead to **significant margin expansion** for well-positioned miners with efficient cost structures.

CleanSpark CEO Zach Bradford told Bernstein he's expecting a post-election bump in markets.

Why Bitcoin and Ethereum Are Struggling Despite Rate Cut Hints: Market Insights for October 2023

Summary:

Crypto Market Overview

Ethereum's Current Position

Meme Coins Defying the Trend

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Other Latest News

Japan's Leadership Change: Kishida Steps Down as Ishiba Prepares to Take Over

AT&T Faces Legal Battle Over $24 Million Cryptocurrency Hack - What You Need to Know!

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Ohio Senator Pushes for Bitcoin and Crypto Payments for State Taxes: A Game Changer for Digital Currency Adoption

Michael Saylor's Stunning 1,325% Bitcoin Triumph: What You Need to Know!

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Record $691 Billion Inflows: How Bitcoin ETFs and S&P 500 ETFs Are Shaping the Future of Investments

Ohio Senator Pushes for Bitcoin and Crypto Payments for State Taxes: A Game Changer for Digital Currency Adoption

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Meet Moo Deng: The Adorable Baby Pygmy Hippo Taking the Internet by Storm!

Could Bitcoin Reach $200,000 in Just 18 Months? CleanSpark CEO Predicts a Major Surge!