Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Trump: 'Embracing the Future with Crypto': Former U.S. President Donald Trump has announced the launch of World Liberty Financial, a crypto project aiming to challenge traditional banking systems.

2. eToro Cease Nearly All Crypto Trading: eToro will halt most cryptocurrency trading in the U.S. following a $1.5 million settlement with the SEC over allegations of operating as an unregistered brokerage.

3. 📈Technical Analysis Masterclass - Grayscale’s XRP Trust is drawing significant attention. Watch UseTheBitcoin’s latest Youtube video “Grayscale's XRP Trust: A Potential Game-Changer for Crypto Investors” to know if there’s a potentially XRP ETF soon and what’s it for you and other investors or join our Official Telegram Channel for more alpha!

4. Circle Integrates Arbitrum: Circle has integrated Arbitrum, a prominent layer-2 scaling solution for Ethereum, into its Web3 infrastructure platform.

5. 💡Feature of the Day - Vega Protocol Retires Chain and Token: The Vega Protocol community has voted to retire its blockchain and native token, VEGA, due to insufficient growth during its Alpha phase.

   
   All this and more in today’s headlines!

📰 News Highlights:

Trump: 'Embracing the Future with Crypto' [Source][Source]

Former U.S. President Donald Trump has officially announced the launch date of his much-anticipated crypto project, World Liberty Financial.

During a live stream scheduled for September 16 on Twitter Spaces, Trump shared his vision of embracing the future with crypto, stating that the project aims to move away from traditional banking systems.

"We're embracing the future with crypto and leaving the slow and outdated big banks behind," Trump said in a video posted to his official X account.

The project, spearheaded by Trump's family, has been in development for months, with Donald Trump Jr. and Eric Trump teasing its arrival in early August.

As World Liberty Financial prepares for launch, it has prioritized security by partnering with top industry firms like Zokyo and PeckShield.

eToro Cease Nearly All Crypto Trading [Source][Source]

eToro, the popular trading platform, has announced it will halt nearly all cryptocurrency trading in the United States following a settlement with the Securities and Exchange Commission (SEC).

The platform was accused of operating as an unregistered brokerage and clearing agency, resulting in a $1.5 million fine.

Under the terms of the settlement, eToro will only offer trading for Bitcoin, Bitcoin Cash, and Ether to its U.S. customers, with a 180-day window provided for users to sell other crypto assets.

 📈Technical Analysis Masterclass:

Grayscale's XRP Trust: A Potential Game-Changer for Crypto Investors

Key Developments:

• XRP Trust Launch: Grayscale introduced a new single-asset fund, the XRP Trust, available to accredited investors. This launch follows XRP's legal clearance after Ripple Labs’ $200 million settlement with the SEC earlier this year.

• Price Impact: Following the news, XRP’s price surged by 5%, reaching $0.56, before a minor pullback to $0.59 as traders took profits. This volatility is typical in crypto markets.

• History Repeats: Grayscale had previously offered an XRP Trust but shut it down in 2021 due to the SEC lawsuit. With that behind them, Grayscale and others are returning to XRP with renewed interest.

ETF Potential and Price Growth:

• Path to an ETF: Grayscale’s XRP Trust could mirror the success of their Bitcoin and Ethereum products, which eventually became ETFs. If an XRP ETF is approved, it could significantly boost XRP’s price.

• XRP Hitting $10?: To reach $10, XRP’s market cap would need to jump from $31 billion to $600 billion. While this is possible, factors like Ripple Labs unlocking more XRP and overall adoption are critical to watch.

Market Considerations:

• Challenges: The broader market remains uncertain due to factors like the upcoming US Presidential election and potential recession, which could hinder short-term growth.

• Upcoming Catalysts: The Federal Reserve's anticipated rate cuts by 2025 could bring more liquidity into the market, benefiting assets like XRP.

Technical Outlook:

• Price Action: XRP is currently in a pennant pattern, with hopes for an upside breakout toward $0.75. Long-term, XRP could double and reach $1 as the market matures, making it a promising investment for growth-oriented investors.

Circle Integrates Arbitrum [Source][Source][Source][Source]

Circle, the issuer of US Dollar Coin (USDC), has integrated the layer-2 scaling network Arbitrum into its Web3 infrastructure platform.

This move aims to bolster Circle’s position in the DeFi ecosystem by embedding USDC into one of Ethereum’s most prominent scaling solutions.

With approximately $2.5 billion in total value locked, Arbitrum is a major hub for DeFi activities, making it a crucial platform for USDC’s adoption in applications ranging from payments to gaming.

Circle’s integration brings advanced features like programmable wallets, smart contracts, and gas fee abstraction to Arbitrum, simplifying developers’ ability to build decentralized apps using USDC.

Making USDC natively available on Arbitrum, allows for seamless minting and bridging of the stablecoin without the need for cross-chain transfers.

💡 Feature of the Day: 

Vega Protocol Retires Chain and Token [Source][Source][Source]

The Vega Protocol community has voted nearly unanimously to retire its blockchain and native token, VEGA, following a proposal announced on August 30.

The decision brings an end to Vega's Alpha phase, during which the team acknowledged that the project did not achieve the growth necessary to sustain its current structure.

Users now have two months to clear their accounts as the Vega chain ramps down operations, after which trading will cease entirely.

Vega Protocol’s co-founder, Barney Mannerings, expressed pride in the project’s accomplishments, but admitted the blockchain and token failed to attract enough interest.

The community will now pivot to a new initiative, dubbed Nebula, which will feature a new chain and native token, NEB.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com