"The question isn't who is going to let me; it's who is going to stop me."
–Ayn Rand
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Guess what day it is Folks? HUMPDAY! Yesterday, Singapore unveiled a new regulatory framework on Stablecoins. Today the most covered news is about Coinbase getting approval to list futures and some obscure coin called SEI. The price of Bitcoin is currently trading at $29,063.12 and is struggling to hold above $29K. Let's dive into the news...
Bitcoin speculators are leading a period of “exhaustion and apathy” across the market, as Bitcoin (BTC) remains stagnant, moving a mere $100 from last week, as investors hold their breath in anticipation of the SEC’s decisions surrounding exchange-traded funds (ETFs).
Ethereum price is moving lower below the $1,850 zone against the US Dollar. ETH could extend losses and trade below the $1,800 support. Dogecoin price slumps as disinterest grows among Doge army. SEI is surging today, most likely because of the recent listing on Coinbase, but there’s more.
Cryptocurrency exchange Coinbase (COIN) can now list crypto futures in the U.S. nearly two years after applying for approval. BitGo, the decade-old crypto custodian, raised $100 million in a Series C round. PayPal will temporarily halt crypto purchases in the United Kingdom starting from Oct. 1, 2023, expecting to re-enable the service in early 2024.
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Podcast of the Day: BTC143: Local Bitcoin Education & Meet-ups w/ Rod Roudi | BF
Sources:
Bitcoin (Cointelegraph | Blockworks)
Ethereum (NewsBTC)
DOGE (UToday)
SEI (CryptoPotato | TB | NewsBTC | Finbold | Decrypt)
BitGo (TB | CoinDesk)
PayPal (Cointelegraph)
Coinbase (CoinDesk | Cointelegraph | Blockworks | TB | TDH | Cointelegraph)
