Harvard students and alumni have announced the launch of the "New Bretton Woods Project" — an initiative focused on creating Bitcoin-backed stablecoins to combat the global debt crisis.
The Securities and Exchange Commission is seeking a four-month extension to review documents in its case against Coinbase. In today’s crypto news, the founder of Cardano has revealed he will meet Argentina’s President Javier Milei next month to discuss crypto, and Solana has unveiled its “Seeker” smartphone — the second iteration of its crypto-integrated mobile devices.
BTC tickers down $62,972 rallied above $62,000 on Sept. 19, rising above its short-term holder (STH) realized price and showing potential for further gains, according to onchain data. The STH realized price is a metric that calculates the average price at which short-term investors—those who have held their coins for less than 155 days–have purchased their Bitcoin. It acts as support in uptrends because these holders are more likely to buy if the price rises above their entry point.
US lawmakers debate SEC overstepping in heated exchange. The co-founder of the BitMEX exchange told an audience on Token2039 in Singapore that he is banking on a short-term market crash if interest rates are cut. Meanwhile, two Republican lawmakers have asked SEC Chair Gary Gensler to answer questions on crypto airdrops.
Republican Party presidential nominee Donald Trump appeared in a New York City bar and restaurant famous for accepting Bitcoin, becoming the first former US president to use the cryptocurrency in a transaction.
cointelegraph.com/news/donald-trump-bitcoin-transaction-burger-nyc-bar
The government of Louisiana has taken its first-ever crypto payment after the state’s Treasurer announced residents would have the option to pay for state services with certain crypto.
cointelegraph.com/news/louisiana-accepts-first-crypto-payment-bitcoin-lightning
Tether stablecoin cross $1 billion circulation mark in just five months. More price volatility looms on the horizon for Bitcoin ahead of the United States Federal Reserve’s decision on interest rates on Sept. 18. And Donald Trump failed to give any details about World Liberty Financial during a so-called launch event, but the team later revealed there would be a governance token launched.
Bitcoin tickers down $60,241 price is trading 16% above the local low of $52,546 reached on Sept. 6, leading analysts to believe that this reversal could be the start of a path to new all-time highs.
According to a recent report by Chainalysis, South Korea’s cryptocurrency market is witnessing a spark of growth, primarily driven by the rise in the Korea Premium Index.
cointelegraph.com/news/south-korea-crypto-market-growth-korea-premium-index-chainalysis
Technology company MicroStrategy (Nasdaq: MSTR) has announced its third debt offering of 2024, aiming to raise $700 million by issuing convertible senior notes due in 2028.
cointelegraph.com/news/micro-strategy-announces-third-debt-offering-2024-plans-raise-700-m