- Bitcoin touched $69,000 and ether rose 10% to reclaim $2,000, while Solana, XRP and other major altcoins gained more than 5% over 24 hours.
- The Treasury raised the maximum size of longer-dated bond buybacks from $2 billion to at least $4 billion per operation, effective Sept. 9 through Nov. 4.
- The SEC proposed Regulation Crypto Assets, creating exemptions for certain crypto investment contracts to raise up to $5 million over four years or $75 million annually, subject to disclosures.
- Metaplanet agreed to take about 95.7% of Super League Entertainment in a $134.6 million transaction using 2,100 BTC and cash to establish a U.S.-listed bitcoin treasury platform.
- The rally triggered $1.92 billion in reported crypto liquidations over 24 hours, including about $1.7 billion in the preceding four hours.
Quotes
“Bitcoin found fresh momentum today as the Fed stepped up Treasury buybacks across the 10- to 30-year segment, providing additional liquidity support at the long end of the U.S. yield curve”
“This increase in buyback operation sizes reflects Treasury’s desire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants, as evidenced by the significant volume of high-quality offers Treasury routinely receives in longer-dated buyback operations”
“We've built one of the world's largest Bitcoin treasuries from Japan. Superplanet is how we build in America, the deepest capital market in the world”