Bitcoin, Strategy sale, and SEC crypto rules in weekend roundup
This week was a whirlwind of activity in the cryptocurrency world. From Bitcoin’s fluctuating fortunes to Strategy’s controversial sale, the past few days have been nothing short of eventful. Let’s dive into the top stories that made headlines. Bitcoin’s Uncertain Future Crypto analyst Benjamin Cowen has suggested that the Federal Reserve should consider raising rates at its Sept. 16 decision. This comes after a strong jobs report pushed rate hike odds back to 60%. Cowen believes that the August jobs print essentially reversed what Fed Governor Waller said Thursday, after Waller’s comments had briefly made a hold seem more likely. Read the full article here. Strategy’s ‘Minuscule’ Bitcoin Sale Strategy Inc. CEO Phong Le defended the company’s decision to sell roughly 7,000 Bitcoin near the market’s lows. Le called the sale “minusculeR...
Bitcoin’s outlook remained uncertain, with analyst Benjamin Cowen saying the Federal Reserve should consider raising rates at its Sept. 16 decision. He said a strong jobs report pushed rate-hike odds back to 60%, after Fed Governor Waller’s comments on Thursday had briefly made a hold seem more likely. Strategy Inc.
” Le also said Strategy could keep buying even if Bitcoin reaches $100,000, $130,000 or higher. Eric Trump marked the first anniversary of American Bitcoin Corp. going public. S.
a "leader" in the Bitcoin economy. It said it now holds 8,300 BTC on its balance sheet and operates a fleet of nearly 90,000 miners. Michael Saylor said Strategy Inc. now has more "Total Reserve Capital" than any other financial-services company in the S&P 500 index except Berkshire Hathaway Inc.
SEC Chair Paul Atkins said the agency's new cryptocurrency regulation proposal aligns with the agency's belief that the CLARITY Act will be enacted into law. He called it the "most historic step" taken to modernize cryptocurrency regulations.