Michael Saylor's software firm MicroStrategy now holds over $14 billion worth of Bitcoin after four years of buying up BTC.

In a recent speech, Paul Munter, chief accountant for the U.S. Securities and Exchange Commission (SEC), appeared to back off on the SEC’s Staff Accounting Bulletin No. 121 (SAB-121), which restricts banks from providing digital asset custody services to customers. According to analysis by Alex Thorn, head of research at Galaxy, Munter proposed several exemptions that would allow bank holding companies and introducing brokers to circumvent SAB-121’s custody provisions. Banks can avoid SAB-121’s reporting requirements if they obtain written permission from state regulators to custody customer assets in a “bankruptcy-remote” manner, clearly define standards in contracts, and conduct regular risk assessments. Introducing brokers can also be exempt from SAB-121’s requirements by meeting three conditions. The broker cannot hold a customer’s private keys, act as a third party in a transaction, or act as an agent for the introducing broker. Finally, the introducing broker must obtain a legal opinion certifying that it is an introducing broker that meets the digital asset exemption. Earlier news, on July 11, the U.S. House of Representatives voted on whether to overturn "President Joe Biden's veto of SAB 121-related resolutions", but it was not passed, and the U.S. Securities and Exchange Commission's cryptocurrency accounting policy remained unchanged.

SBF has formally appealed its fraud conviction. In a 102-page appeal filed Friday afternoon, SBF's lawyers asked the U.S. Court of Appeals for the Second Circuit to overturn the original conviction and assign a new judge for a retrial because the judge who heard his case was unfairly biased against SBF. Last November, a New York jury convicted SBF of seven counts of fraud and conspiracy related to the collapse of his cryptocurrency trading platform in November 2022. In March of this year, U.S. District Judge Lewis Kaplan of the Southern District of New York (SDNY) sentenced SBF to 25 years in prison for the crime, and he has currently served six months of his sentence. (Breaking The News)

Spanish cryptocurrency trading platform Bit2Me said it has been approved by the Argentine National Securities Commission (CNV) to become a virtual asset service provider (VASP). Earlier news, on June 15, 2023, Bit2Me completed a $15 million financing, led by Investcorp, and participated by Telefónica Ventures, the investment department of Telefónica, the largest telecommunications company in Spain, Stratminds VC, Cardano and YGG Fund. (CoinDesk)

Goldman Sachs said it still expects the Fed to cut interest rates by 25 basis points next week and cut rates at each of its remaining meetings this year (November and December).

The number of US banks with major issues is on the rise, according to the Federal Deposit Insurance Corporation (FDIC). The agency’s Second Quarter 2024 Quarterly Banking Profile shows the number of lenders on its “Problem Bank List” rose quarter-on-quarter from 63 to 66. This is the fifth consecutive quarterly increase of banks rated 4 […] source: https://dailyhodl.com/2024/09/13/512900000000-in-unrealized-losses-hit-us-banks-as-fdic-warns-66-lenders-facing-serious-weakness/

Golden Finance launches the 2445th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Solana on-chain mining project Ore published a post on X stating that it has established Regolith Labs and completed a $3 million seed round of financing, led by Foundation Capital, with participation from Colosseum, Solana Ventures, B+J Studios, Dead King Society and 3KVC. Regolith Labs aims to accelerate the development of the ORE ecosystem and introduce millions of new users to the cryptocurrency space through new proof-of-work mining primitives and liquidity networks on Solana.

Whale Alert monitoring shows that 8,951,949 USDT in a certain Ethereum mainnet address has been frozen.

El Salvador, the first country to embrace the flagship cryptocurrency Bitcoin as legal tender, is still accumulating 1 BTC per day, regardless of whether the price of the cryptocurrency is moving up or down. As first noted by on-chain analysis service Spot On Chain on the microblogging platform X (formerly known as Twitter), El Salvador […] source: https://www.cryptoglobe.com/latest/2024/09/el-salvadors-undeterred-daily-bitcoin-buying-spree-hits-665-days-as-it-holds-over-340-million-in-btc/

Market finally seeing some positive signs source: https://u.today/massive-xrp-reversal-breakout-next-toncoin-ton-to-face-biggest-resistance-since-august-ethereum-eth

In the past month, the majority of Bitcoin exchange inflows have come from short-term holders, based on CryptoQuant data. According to the data, addresses that held BTC for less than three months made up over 92% of the total exchange inflows on Sep. 12. Over 83% of exchange inflows came from coins held for less […] source: https://cryptoslate.com/insights/92-of-bitcoin-exchange-inflows-come-from-short-term-holders/

BTC, United States, Pantera: Huge changes in US Bitcoin policy Golden Finance, Bitcoin and other crypto assets have entered the national stage.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

On September 13, Binance announced that Binance Launchpool launched the 59th project - Catizen (CATI), a cat-themed gaming robot built on the Telegram mini-program platform.

If you are an investor, you would probably invest in a zk Layer2 project in the Ethereum ecosystem a few years ago. This year, many zk projects have launched tokens on the mainnet, and many ugly daughters-in-law have finally met their parents-in-law.

In the past two days, the fractal Bitcoin protocol CAT20 has become very popular, and the price of $FB has directly increased from 10u to 30u, and the market has rarely recovered.

Harris's approval rating surpassed Trump's because she did some things right, especially learning from some of Trump's "successful" experiences and applying them to Trump.

Recommended readings tonight: 1. High FDV tokens: What is behind the high FDV craze and how to avoid it; 2. New crypto trends: Analysis of the a16z accelerator project; 3. Understanding Binance’s latest Launchpool project Hamster Kombat in one article;

What makes this "second generation running shoe" project so attractive? Can it replicate the phenomenal success of STEPN in 2022?