🌙 Bitcoin Breaks $65K

Bitcoin has surpassed $65,000 amid positive U.S. jobs data and expectations of additional economic stimulus from China.

Author

Mike Gavela
September 26, 2024

In partnership with

Crypto Roundup - September 26

Bitcoin surged this week, buoyed by positive U.S. jobs data and reports of further stimulus measures from China. The market also showed signs of optimism around institutional involvement, as BlackRock's Bitcoin ETF saw notable inflows in September. Meanwhile, PayPal expanded its crypto offerings, enabling U.S. merchants to trade and transfer cryptocurrencies, signaling continued mainstream adoption of digital assets.

Top Stories

  • Bitcoin rallied amid strong U.S. jobs data and China’s stimulus.

  • BlackRock’s Bitcoin ETF witnessed significant inflows in September, boosting market sentiment.

  • PayPal expands crypto trading and transfers for U.S. merchants, enhancing digital currency accessibility.

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TOP STORIES

Bitcoin rallies amid positive U.S. jobs data and reports of more China stimulus measures

Bitcoin has surpassed $65,000 amid positive U.S. jobs data and expectations of additional economic stimulus from China.

www.theblock.co/post/318348/bitcoin-rallies-amid-positive-u-s-jobs-data-and-reports-of-more-china-stimulus-measures

BlackRock Bitcoin ETF posts September's biggest daily inflow of over $180M

On Sept. 25, BlackRock, the world’s largest asset manager, pulled in $184.4 million in inflows for its spot Bitcoin ETF, marking the highest daily total for any provider this month.

cointelegraph.com/news/blackrock-bitcoin-etf-inflows-september-btc-united-states

PayPal Rolls Out Crypto Trading and Transfers For U.S. Merchants - "The Defiant"

U.S. merchants can now trade and transfer cryptocurrencies using PayPal business accounts.

thedefiant.io/news/tradfi-and-fintech/paypal-rolls-out-crypto-trading-and-transfers-for-u-s-merchants

FUNDRAISING

Initia raises $14 million Series A at $350 million token valuation

Initia has raised $14 million in a Series A round at a $350 million token valuation ahead of its mainnet and token launch.

www.theblock.co/post/318102/initia-funding-token-valuation

Kraken strengthens European business with completion of BCM acquisition

Today we announced the closing of the Coin Meester B.V. (BCM) acquisition, a key element in our European growth strategy.  With the acquisition of BCM, one of the Netherlands’ oldest and most respected registered crypto brokers, we have significantly expanded our Dutch footprint and enhanced our business with a registered Virtual Asset Service Provider (VASP) […]

blog.kraken.com/news/kraken-bcm

OTHER HEADLINES

Crypto mavens dismiss Harris’ ‘hollow words’ as presidential hopeful courts industry

The Democratic presidential nominee just name-dropped crypto for the second time this week.

www.dlnews.com/articles/people-culture/crypto-industry-dismisses-kamala-harris-blockchain-comments

Mark Cuban wants to replace Gensler at SEC in sign Harris camp is embracing crypto

Mark Cuban publicly signalled interest in heading the SEC after criticising Gary Gensler's crypto crackdown.

www.dlnews.com/articles/snapshot/mark-cuban-wants-to-head-sec-and-calls-for-gensler-to-quit

Caroline Ellison, star witness in the SBF trial, gets two year prison term for role in FTX collapse

Ellison pulled back the curtain on Sam Bankman-Fried's dark arts for the US jury at his trial last year.

www.dlnews.com/articles/regulation/caroline-ellison-sentenced-to-prison-for-role-in-ftx-failure

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