Bitcoin Retakes $111K as Risk Assets Reverse Off Worst Levels

OKX-ETH/USDT is currently trading at $4299.33, with a 5-minute decline of 0.04%. Please pay attention to market fluctuations.

[Bithumb System Maintenance Causes Trading Interruption, Full Compensation Promised] South Korean exchange Bithumb conducted emergency system maintenance on September 2 at 11:30, lasting approximately 1 hour and 30 minutes, during which trading was suspended for about 100 minutes. Bithumb has promised to provide full compensation for user losses caused by this incident.

BBX News: Yesterday, a huge amount of funds flowed into the cryptocurrency asset allocation of global listed companies: -ETH Strong Leader: SharpLink spent approximately $177 million to purchase 39008 ETH, with a total holding of 837000 ETH; The board of directors of Yunfeng Financial has approved the allocation and has purchased 10000 ETH -BTC Whale Continues: MicroStrategy purchased 4048 BTC for $449.3 million between August 26 and September 1, with a total holdings exceeding 636000 BTC -Europe steadily follows suit: French Sequans increases holdings of 34 BTC, total holdings increase to 3205 BTC The institution disclosed a single day investment amount exceeding 500 million US dollars, and the leading companies continue to dominate the market. Source: bbx.com

[U.S. SEC and CFTC: No Ban on Registered Exchanges Offering Spot Cryptocurrency Trading] The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement clarifying that exchanges registered with both agencies are permitted to offer certain spot cryptocurrency asset trading. This move aims to advance the SEC's 'Crypto Projects' and the CFTC's 'Crypto Sprint' initiatives. The SEC Chair stated that market participants should have the freedom to choose trading platforms, while the CFTC Acting Chair remarked that the previous mixed signals regarding digital asset regulation are now a thing of the past.

1. The probability of the Federal Reserve cutting interest rates in September is 90.5% 2. US Congress restarts, crypto market legislation becomes focus 3. The US Treasury Secretary will interview candidates for the position of Federal Reserve Chairman 4. The US Securities and Exchange Commission and Commodity Futures Trading Commission join forces to clean up registered company spot cryptocurrency trading 5. Solana completes' Alpenglow 'upgrade vote, major network transformation is about to start 6. Coinbase will launch Mag7+cryptocurrency stock index futures 7. The Venus protocol is suspected to have been attacked, resulting in losses of up to $30 million 8. Morgan Stanley expects US stock market rally to continue until the end of the year The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/483543