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It's Frriiddaayyyy and Welcome to September Folks! Yesterday, Spot Bitcoin ETF continues to be the main focus of all the news and today as we start a new month, it's no different. Yesterday the SEC delayed once again approving a Spot Bitcoin ETF for BlackRock and that rocked the markets; some still believe Bitcoin is poised for a breakout. The price of Bitcoin is currently trading at $25,991.60. Let's dive into the news...
Market intelligence platform IntoTheBlock says that new data shows Bitcoin (BTC) is primed for a sudden breakout. CME Bitcoin trading volume surpasses Bybit, but is it impacting BTC price?
The price of BTC rose sharply and fell almost as fast back down to $26K over the past three days amid two recent events impacting pending applications for spot Bitcoin ETFs. However, the SEC has delayed the decision on the launch of a Bitcoin ETF by seven leading applicants for further review. Analytics firm Santiment finds that crypto whales managed to purchase Bitcoin (BTC) in the day leading up to Grayscale’s court victory over the U.S. Securities and Exchange Commission (SEC). In an unexpected turn of events, Bitwise submitted a request to retract its application for its Bitcoin and Ether Market Cap Weight Strategy exchange-traded fund (ETF), initially filed with the United States Securities and Exchange Commission (SEC) on Aug. 3.
Digital assets financial services firm HashKey Capital's Hong Kong-regulated fund will invest a significant chunk of its assets in altcoins, Reuters reported on Friday. XRP inches closer to horizontal support after erasing recent gains.
Crypto exchange OKX is revealing a combined $10.4 billion worth of Bitcoin (BTC), Ethereum (ETH) and the stablecoin Tether (USDT) in the platform’s reserves.
The Department of Justice (DOJ) is asking the court to exclude the testimony of the expert witnesses who will testify on behalf of former crypto golden boy Sam Bankman-Fried. World famous Brazilian footballer Ronaldinho denied participating in an alleged crypto scheme which used his name and promised returns of up to 400%, according to local media. Genesis is facing headwinds as it seeks to finalize its wind-up after a January bankruptcy – and is now being accused by Gemini and other creditors of voter “manipulation.” SEC vs. Coinbase: New lawyer Patrick Kennedy joins fight. FTX founder’s expert witnesses could cost up to $1.2K an hour.
Police in Green Bay, Wisconsin, have called attention to rapidly escalating rates of cryptocurrency fraud. A total of $23 million in cryptocurrencies were lost to hacks or exploits in the month of August. Exploits, hacks and scams stole almost $1B in 2023. Brazilian cryptocurrency streamer Fraternidade Crypto is one of the latest victims of unsafe self-custody practices, reportedly losing thousands of dollars due to a private key accident.
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Podcast of the Day: A Bitcoin ETF Is Coming, It's Just A Matter Of When | Charles Edwards | OTM
Sources:
Bitcoin
- Price (CryptoPotato | TDH | Cointelegraph | NewsBTC | Blockworks | Decrypt)
- ETF (Cointelegraph | BIC | Cointelegraph | Blockworks | TDH | CoinDesk | TB | Blockworks | Cointelegraph | Cointelegraph | TDH)
Altcoins
- Hashkey (CoinDesk)
- XRP (UToday)
CBDCs
- Fed (TB)
Exchanges
- OKX (TDH)
Legal Cases
- SBF (TDH | Cointelegraph)
- Ronaldinho (TB | BIC)
- Genesis (CoinDesk | Blockworks)
- SEC vs Coinbase (Cointelegraph)
Attacks/Hacks/Scams
- Fraud (BIC)
- Hacks (Cointelegraph | Cryptoglobe | Cointelegraph)
- Scammed (Cointelegraph)
