Bitwise Makes XRP ETF Plans Official With SEC Filing

While the submission of an S-1 filing is the first step in introducing a fund, the document is basically meaningless if it isn’t followed by another filing, called the 19b-4, which is required to signal a requisite rule change at the stock exchange seeking to list the investment

The Spectre of Sam Bankman-Fried Overshadowed Caroline Ellison’s Sentencing

Anjan Sahni, the Wilmer Hale partner representing Ellison on the stand, spoke a bit more about Ellison as a person, but still contrasted her with Bankman-Fried. Her role at Alameda was due to Bankman-Fried, her concealing Alameda’s financial situation was at the request of Bankman-Fried, indeed the central question of how Ellison came to a sentencing hearing having pled guilty to fraud and conspiracy charges came down to “why did Caroline go along with Sam Bankman-Fried,” he said.

How the Crypto Retail Market Has Changed

However, coming out of a prolonged bear market in 2018 and 2019, bitcoin moved again in late-2020 into early 2021 as the price climbed from roughly $10,000 to $60,000. However, we can see that this cohort was selling bitcoin during the entire period, locking in those gains as they were buyers in the previous bear market instead of buying the top they were selling.

BTC Drops 3%, Still on Track for Best September Since 2013

September is historically the worst month for the bitcoin price, but it may be about to close its best yet. BTC ended September in the red in eight of the past 11 years. This year, it looks set to close the month up by at least 7%, even with today’s swoon. The bullish month puts bitcoin on a strong footing going into October, which, by contrast, is one of its strongest. Where September has seen an average loss of 3.6% since 2013, October has seen average gains of 23%. Some traders are targeting a run to as high as $70,000 in the coming weeks. A green September has always resulted in bitcoin closing higher in October, November and December.