Daily Crypto NewsEDITION #1060, 24 September

They're handing you over to the cops, pack your bags

Today, in 1724, the first Paris Stock Exchange was founded. ̶G̶a̶m̶b̶l̶e̶r̶s̶, traders, and speculators – this is a story that has continued through the years, and we’re a part of it, folks.

Now, let’s get to the point, because we value your time, and time is Moni.

What’s up? 

Everyone’s talking about it: Pavel Durov officially announced that Telegram will be sharing IP addresses and phone numbers with law enforcement. Ofс, this only applies to those violating Telegram’s rules.

Some hate Durov now. Fun stuff. Let’s break it down:

a) First of all, let’s be real. Most of us got into crypto for the memes and the money. Few are truly interested in sitting in cypherpunk meetings discussing decentralization and anonymity without a focus on profit.

Most people are here for the airdrops, let’s be honest.

So, it’s a bit odd to expect social networks and Durov to protect the anonymity of rule-breakers.

Not many in crypto actually want decentralization. Most just want money, and that’s it.

b) Secondly, IP addresses and phone numbers of actual criminals and cyber crooks are usually fake. Registered to some random guy.

So, sure, this will make law enforcement’s job easier, but not by 100%.

c) Thirdly, sitting on the internet in 2024 and thinking you're safe in your kitchen is naïve and foolish.

If they want to find you and punish you – they will. Whether you’re guilty or just said something wrong about those in power. Even if Pavel Durov stands up to defend us, they’ll still find and punish us. Him included.

So, let’s keep living our lives, digging into crypto, and working. The more money you have, the more freedom and opportunities you get.

Hoping that social networks should give you freedom is being a victim and expecting help from the outside.

Other important news:

– According to reports, Polymarket is preparing a token. We said you should be watching them and Bet from Drift. Turns out this was a right move. 

– $EIGEN tokens become transferable in 6 days, on September 30th.

How much will one $EIGEN be worth? Better than a hamster? :)

– Celestia raised $100 million. Following this news, the $TIA token jumped by around 20%.

– Our beloved macroeconomics!

In 2024, we’re witnessing a global shift in central bank policies:

– The Bank of Canada has lowered rates three times.

– The European Central Bank, twice.

– England and the US, once each.

In the third quarter of 2024, global central banks have cut rates 28 times, the highest since Q2 2020.

Lower rates mean they’re saving the economy. Give us the BULL MARKET already, dear bankers!