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SEI token breaks into cryptocurrency top 100
The SEI token, having just been released, now finds itself in the 85th spot in terms of market capitalization, as reported by Coinmarketcap. It's also making its presence felt in daily trading, occupying the seventh position with a volume of $1,6 billion.
While current metrics paint a promising picture for the project, it's worth noting that the cryptocurrency arena frequently sees such developments. Therefore, it's wise to approach this news with measured optimism. 
Celebrating a milestone: WhiteBIT Coin turns one!
A year has passed since WhiteBIT's exchange token was unveiled on August 14th.
In this brief time, the team behind it didn't just rest on their laurels; they launched a blockchain, making WBT's first anniversary a celebration of a genuine coin!
Facing the challenges of a prolonged bear market head-on, WBT swiftly carved out its own space, gaining a legion of ardent supporters.
Its market standing? A noteworthy triple of its inaugural IEO pricing and a 5th rank amidst centralized exchange tokens, as chronicled by CoinGecko.
We salute this shining star and hope for further ascent, delighting all crypto enthusiasts who set the level! Bitmain shields customers from a 20% decline in the market
Bitmain, the manufacturer of ASIC miners, has rolled out a new protection scheme against market volatility for those buying the S19j XP model.
If there's a downturn of more than 20% in the subsequent three months post-purchase, company ensures compensation at $1.89/T.
Impressively, this offer is available even to current S19j XP owners.
The compensation will be directly credited to the user's account and is usable for any Bitmain product acquisitions. Andrew Kang received fourteen liquidations in one day
After the market crash on August 18, analyst Andrew Kang adopted a bullish stance. He opened long positions on Bitcoin (BTC), Ethereum (ETH), and Arbitrum (ARB). However, this decision resulted in a significant loss.
Due to his use of extremely high leverage, which reached up to 100x, Kang's positions became vulnerable and were liquidated not once, but as many as fourteen times.
These successive liquidations caused Kang to lose approximately $432,000 in a single day. This incident highlights the risks associated with trading and employing high leverage, especially during periods of intense market volatility. Bitcoin Miners Pivot to AI Amid Halving Concerns
JPMorgan reports that Bitcoin miners are diversifying their operations in anticipation of the upcoming halving event, which will slash their rewards. Miners are now venturing into the booming artificial intelligence (AI) market, offering high-performance computing services. This shift is partly funded by selling newly minted or existing bitcoins. Companies like Applied Digital and Iris Energy are already making strides in AI cloud services. Additionally, post Ethereum's shift from proof-of-work, former Ethereum miners are leveraging GPUs for AI, finding it potentially more profitable than traditional mining. Sei honors its early users with rewards
The Sei team has initiated token claims for those who participated in the testnet early on. However, the meager bonuses received have left many reevaluating their decision to engage in future airdrops, especially for Tier-2 or Tier-3 projects.
Rewards were disappointingly scant, with most individuals earning only a nominal amount for blockchain testing.
The SEI token price decreased by 20%, possibly attributed to either the overnight downturn in the crypto market or the airdrop itself.
P.S.:To claim your tokens, the Compass wallet is essential, and some regions might require a VPN. Bloomberg Intelligence: Fed's Role in the "greatest rug pull ever
The current market landscape marks an unprecedented decline in liquidity, according to Bloomberg Intelligence's senior macro strategist, Mike McGlone.
If this pattern holds throughout 2023, he warns of a potential sharp descent in Bitcoin prices, which would ripple through Ethereum, XRP, and the general cryptocurrency domain.
“What should be early indications of recessionary times? The best indication should be bitcoin and that’s where I’m looking for the bleeding occasion from bitcoin and it’s still kind of showing what I expected.”
“Picture December: Recession looms, Fed hesitates on easing due to inflation,” said McGlone. Delphi Digital Foresees New Crypto Market Cycle
Kevin Kelly, Delphi Digital's co-founder, suggests the crypto market is entering a new cycle. He highlights the consistency in crypto market timings, from peak-to-trough bottoms to recovery durations.
Using Bitcoin as a reference, Kelly describes a typical cycle: a new all-time high, an 80% drawdown, a recovery to the previous high in two years, and a rally to a new peak. This cycle aligns with broader business cycles.
Kelly also draws parallels between Bitcoin's price peaks and the ISM Manufacturing Index.
Despite potential short-term setbacks, Kelly remains optimistic about the market's outlook for the next 12-18 months. 
FluidAI & UK University Join Hands for Crypto Solutions
Imperial College London has teamed up with AI startup FluidAI to address challenges in the crypto market using artificial intaligance (AI).
The collaboration will focus on enhancing the tokenized market for various stakeholders, including institutions and retail investors.
FluidAI emphasizes the need to tackle liquidity aggregation issues in the crypto domain. AI can help predict and offer optimal bid and ask prices in the market. 
Bittrex US's Alleged Bankruptcy: A Blow to the SEC
Instead of targeting market giants like Binance or Coinbase, the US Securities and Exchange Commission (SEC) directed its attention towards Bittrex, a smaller-scale crypto exchange. The aftermath of this conflict provides significant insights for the wider market.