unfolded | Cryptocurrency

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FOMC in 30 min, consensus - 50bps cut

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Fintech giant Revolut said to be planning stablecoin — link | tl;dr

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FTX’s accounting firm Prager Metis to pay SEC $1.95M to settle negligence allegations — link | tl;dr

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March, April, July, and August each saw record-breaking BTC trade volumes compared to previous years — link

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MicroStrategy announces proposed private offering of $700M of convertible senior notes — link

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The 30-day correlation between BTC and the S&P 500 has surged to levels not seen since Oct 2022.

This regime may last until the Sep 18 FOMC, as traders remain conservative upon the rate cut confirmation — link

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English high court rules Tether's USDT stablecoin counts as property — link | tl;dr

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Harris-Trump debate ends without mention of cryptocurrency — link | tl;dr

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Tron, Tether and TRM Labs start financial crime fighting force — link | tl;dr

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WisdomTree Ethereum Trust files to withdraw registration statement on Form S-1 — sec

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Binance to add support for fixed rate loans — link | tl;dr

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Future Forward, a top Democratic PAC, has onboarded with Coinbase Commerce to accept crypto donations — link

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US spot Bitcoin ETFs see $287 million in net outflows, largest negative flows since May — link | tl;dr

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Digital asset investment products saw outflows totalling $305m last week, with widespread negative sentiment evident across various providers and regions.

The negative sentiment was focussed on Bitcoin, seeing $319m in outflows — link

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SEC warns FTX against paying creditors back in stablecoins, other crypto — link | tl;dr

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Switzerland’s SIX, Europe's 3rd biggest stock exchange, explores launching crypto exchange — link | archive

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Crypto VC fund Dragonfly seeking to raise a $500 million fund — link | archive

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CZ set to be released from prison on September 29 — link | tl;dr

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Digital asset investment products saw a reversal, with inflows reaching $436m after a period of outflows amounting to $1.2bn.

Bitcoin was the primary focus, seeing $436m of inflows having seen a 10-day run of outflows totalling $1.18bn — link

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MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per Bitcoin — link

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eToro reaches settlement with SEC and will cease trading activity in nearly all crypto assets — sec | coindesk | tl;dr

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On September 10, U.S. spot Bitcoin ETFs saw +$117m net flows — link

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Digital asset investment products experienced significant outflows totalling $726m, matching the largest recorded outflow set in March this year.

Bitcoin saw outflows totalling $643m while Ethereum saw outflows totalling $98m — link

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US spot Bitcoin ETFs saw $211 million in outflows, extending streak of negative flows — link | tl;dr

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Uniswap Labs settles with the US CFTC for $175,000 on charges related to derivatives trading — CFTC | theblock | tl;dr

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SEC charges crypto-focused advisory firm Galois Capital for custody failures — sec | theblock | tl;dr

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Follow our DeFi channel ➡️ @unfolded_defi

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The ratio of Ethereum ETF volume to Bitcoin ETF volume in the first 25 days has continued to decline — link

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