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The crypto market in Q3 2023, echoing the broader mood of the year, has been steeped in challenges and caution. The year began with the crypto market recovering from significant losses in 2022, where Bitcoin dropped 64% and many tokens saw a decline of 80-90%.

Ethereum Futures ETFs Debut with Caution The cryptocurrency community witnessed the launch of the first Ethereum futures ETFs, marking a significant step in bringing more institutional investment to the world's second-largest cryptocurrency by market cap. However, these ETFs did not have a dazzling debut, with some of them experiencing a decline in value and limited trading volume on their first day of trading.

Litecoin (LTC), one of the first, if not the first, altcoin, has experienced a remarkable resurgence in value, bouncing back from a 2023 low of $58 to retest the $70 mark on October 2, 2023. This resurgence is a noteworthy development in the world of digital currencies and has drawn attention to the role of influential investors known as "whales."

Binance's Russian Riddle A major development that grabbed headlines is Binance's decision to exit the Russian market amidst looming reports of a U.S. Department of Justice investigation into sanctions violations. Binance's decision has left many in the crypto world puzzled, especially given the emergence of CommEX.

According to a Securities and Exchange Commission filing today, Michael Saylor's MicroStrategy purchased an additional 5,445 bitcoins for $147.3 million, at an average price of $27,053 per bitcoin, between Aug. 1 and Sept. 24. With this recent purchase, the company's bitcoin holdings total roughly 158,245 bitcoins, valued at approximately $4.1

Crypto Happenings in early September MetaMask Scams Targeting Government Websites: One of the most concerning developments was the discovery of MetaMask scams infiltrating government-owned websites across multiple countries, including India, Nigeria, Egypt, Colombia, Brazil, and Vietnam. Scammers took advantage of these official platforms to deceive unsuspecting visitors.

The UK Crypto Travel Rule came into effect on Friday, 1st of September 2023. As a part of these guidelines, you may have noticed changes in cryptocurrency deposits and withdrawals to and from your ICONOMI account. ICONOMI once again stands at the forefront of compliance.

The past week in the cryptocurrency market has been marked by relatively stable prices. This sustained period of price consolidation could indicate an accumulation phase, potentially setting the stage for a significant price movement in the near future. While Bitcoin remains in a balance between bullish and bearish forces, there have been several noteworthy events and developments within the crypto market.

The Argentine Peso collapsed an additional 22% yesterday, in one day! Year-on-year inflation in Argentina has hit 115%, poverty has soared, and the value of the peso has plummeted. Yesterday, the Argentine central bank made a desperate effort by raising interest rates from 97% to 118% while simultaneously cutting the official dollar exchange rate by 22%.