🧵 4. Despite expectations, banks did not pass on significant interest rate benefits to customers, leaving savers with lower returns.

🧵 3. In Q2 2024, while the Fed paid banks 5.5% interest on deposits, average savers received a mere 2.2%, per regulatory data.

🧵 2. JPMorgan Chase and Bank of America offered depositors minimal interest rates as they profited from the Fed's higher interest rate policy.

🧵 1. US banks amassed over $1 trillion in deposits with high interest rates, but only paid savers a fraction of what the Fed paid them over two years. #crypto

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🧵 5. CFTC and SEC conduct joint investigations after $110 million exploit in 2022; CFTC to approve Mango Markets' settlement for compliance with regulations.

🧵 4. Mango DAO previously approved SEC settlement in August and now propose $500,000 settlement with CFTC, agreeing to cease violating commodity regulations.

🧵 3. Mango DAO, Blockworks Foundation, and Mango Labs to pay civil penalty, destroy MNGO tokens, and remove tokens from trading platforms per SEC settlement.

🧵 2. SEC alleges Mango DAO bypassed registration rules, raising $70 million illegally, while affiliated entities engaged in unregistered broker activities.

🧵 1. U.S. SEC settles with Solana-based DEX Mango Markets for $700,000 over alleged securities violations involving unregistered sales of MNGO tokens. #crypto

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🧵 5. ETH is trading at $2,698, up almost 3% in 24 hours. Stay informed with email alerts and follow for more insights on crypto market trends.

🧵 4. Rising fees in Ethereum market could signify nearing a speculative top, although current moderate fee increase suggests healthy ecosystem growth.

🧵 3. Ethereum (ETH) sees rise in fees but remains unaffected in sentiment, indicating fee hikes not currently a barrier to ETH's usability.

🧵 2. BTC may face local tops in near future, says Santiment, emphasizing importance of monitoring whales' behavior to gauge market movements.

🧵 1. Crypto analytics firm Santiment warns of potential Bitcoin (BTC) correction as trader sentiment turns greedy amid recent price surge. #crypto

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🧵 5. This immersive event highlighted the collaborative spirit of the blockchain community and was not-for-profit, with proceeds donated to charity organizations.

🧵 4. Participants journeyed through Bitcoin's invention, the ICO boom, DeFi summer, FTX, and ETF approvals, culminating in unlocking Satoshi's vault.

🧵 3. The event, co-hosted by Aethir and CARV and sponsored by various entities, combined entertainment, education, and cultural reflection through puzzles.