Author: American Coins & Gold

First Mover Americas: BTC Is Little Changed Following Muted Asia Trading
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 1 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Mining Profitability Fell for Third Straight Month in September: JPMorgan
Daily block reward gross profit fell to the lowest “on recent record” last month, the report said.

Open Interest in XRP Zooms to B as Ripple Tests RLUSD Stablecoin
Recent activities include minting significant amounts of RLUSD, suggesting the testing phase might be wrapping up or moving into a more active phase of development.

U.S. Judge Sides With SEC in Case Against Crypto Wallet Rivetz Over Sale of Unregistered Securities
United States District Judge Mark Mastroianni granted the SEC’s motion for a summary judgement.

Bitcoin Retail Inflows Hold Steady as Whales Pile In at Start of Historically Bullish October
Data from crypto exchanges OKX and Binance, popular among retail market participants, show minimal activity compared to bull markets in 2021 and 2022, and even lesser than the bear market of 2019 to 2020.

Bitcoin 0K Bullish Bet Draws Nearly B Open Interest on Deribit
The $100,000 call is the most popular bitcoin option on Deribit.

Metaplanet Buys Another 107 Bitcoin, Pushing Stock-BTC Ratio to 20%
The firm now holds over 500 bitcoin after a first tranche of purchases in April.

Cryptocurrencies Continue to Outperform the Stock Market: Canaccord
If bitcoin follows historical patterns post halving a rally could start between now and April, the broker said.

FTX Dotcom Creditors Vote Massively in Favor of Reorganizing Plan
Over 94% of creditors voted in favor of the plan, which promises to return 118% of their claims in cash.

Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie
Stablecoin giant Circle has signalled its plans to bring its digital currency, USDC, into Australia and beyond with the unveiling of a partnership with venture capitalist Mark Carnegie’s MHC Digital Group, the companies announced on Tuesday.