🌙 Bitcoin Reclaims $60K

Bitcoin joins gold in rising as markets see a bigger chance of a 0.5% interest rate cut.

Author

Mike Gavela
September 13, 2024

Crypto Roundup - September 13

Bitcoin's price reclaimed the $60,000 mark, approaching its all-time high, as traders and investors view it as a hedge amidst economic uncertainty and growing interest in digital assets. Sam Bankman-Fried (SBF), the founder of the collapsed FTX exchange, has appealed his fraud conviction, potentially delaying sentencing and drawing attention to his defense strategy. Simultaneously, Michael Saylor's MicroStrategy has once again expanded its Bitcoin portfolio by purchasing 183,000 more BTC, totaling $11 billion in Bitcoin investments, further cementing the company's position as one of the largest institutional holders.

Top Stories

  • Bitcoin price reclaims $60K, pushing toward all-time highs amid renewed investor confidence.

  • SBF appeals fraud conviction, potentially delaying sentencing and intensifying legal scrutiny.

  • MicroStrategy adds 183K more BTC, investing a total of $11B to maintain its massive Bitcoin holdings.

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TOP STORIES

Bitcoin price eyes $60K reclaim as gold hits fresh all-time high

Bitcoin bulls attempt to regain the driving seat with a BTC price push toward $60,000.

cointelegraph.com/news/bitcoin-price-60k-reclaim-gold-all-time-high

Sam Bankman-Fried files appeal in fraud, conspiracy case 

FTX founder Sam Bankman-Fried filed a 102-page appeal brief arguing that decisions from the judge barred him from a fair trial.

blockworks.co/news/sbf-appeals-fraud-conviction

Michael Saylor's MicroStrategy Purchased 18.3K More Bitcoins for $1.1B

The firms holdings have risen to 244,8000 bitcoins worth about $14 billion at current prices.

www.coindesk.com/markets/2024/09/13/michael-saylors-microstrategy-purchased-183k-more-bitcoins-for-11b

FUNDRAISING

BTA Protocol Completes A+ Round Financing Led By Crypto Labs

According to Odaily, BTC ecosystem protocol BTA Protocol has announced the completion of its A+ round of financing, led by Crypto Labs with participation from Cityblok and BlackBridge. The amount rais

www.binance.com/en/square/post/2024-09-12-bta-protocol-completes-a-round-financing-led-by-crypto-labs-13431820215994

OTHER HEADLINES

Brazil’s top prosecutor defends X ban, urges Supreme Court to end disputes

According to Brazil’s Attorney General’s Office, the ban on X does not violate free speech rights in the country.

cointelegraph.com/news/brazil-top-prosecutor-defends-x-ban

Solana Fees Sink To 2024 Low As Memecoin Frenzy Subsides - "The Defiant"

Solana's fee revenue has plummeted to year-to-date lows amid tumlbing DEX volume and falling PumpFun adoption.

thedefiant.io/news/markets/solana-fees-sink-to-2024-low-as-memecoin-frenzy-subsides

Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved

The world's leading stablecoin issuer brought on Jesse Spiro, who has previously handled government interactions for Chainalysis and PayPal.

www.coindesk.com/policy/2024/09/13/tether-hires-paypal-government-affairs-ace-as-us-scrutiny-unresolved

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