Bitpush editor selects Web3 news for you every day:
[ MicroStrategy increased its holdings of 18,300 Bitcoins with approximately US$1.11 billion in cash]
MicroStrategy founder Michael Saylor posted on the X platform that MicroStrategy bought 18,300 bitcoins for approximately $1.11 billion in cash, with an average price of approximately $60,408.
MicroStrategy's quarterly (QTD) return on Bitcoin is 4.4%, and its year-to-date (YTD) return is 17.0%. As of September 12, 2024, it holds 244,800 Bitcoins, with a total purchase cost of approximately US$9.45 billion and an average price of approximately US$38,585.
[U.S. SEC : When referring to "crypto asset securities", it does not mean that the token is necessarily a security]
The SEC said in a footnote to its proposed amended lawsuit against cryptocurrency exchange Binance that when it refers to "crypto-asset securities," it does not refer to the crypto assets themselves, but to the full set of contracts, expectations, and understandings for the sale of such assets. In fact, the agency simply uses the term as "shorthand."
The agency also claimed that it has always held this position and cited supplementary text in the case against Telegram . However, in order to set the record straight, the agency said it would avoid using the abbreviation in the case against Binance and expressed “regret for any confusion.”
Cryptocurrency experts think this claim is a bit far-fetched. Jake Chervinsky, chief legal officer of Variant Fund, said: "I was shocked and didn't even know that gaslighting manipulation could be taken to such an extreme."
[ FTX founder SBF formally appealed against his fraud charges and requested a retrial]
According to the New York Times, FTX founder Sam Bankman-Fried has formally appealed his fraud conviction, requesting a retrial and accusing the judge who heard his case of being unfairly biased against him.
Last November, a New York jury convicted Bankman-Fried of seven counts of fraud and conspiracy related to the collapse of his cryptocurrency exchange in November 2022. In March, U.S. District Judge Lewis Kaplan of the Southern District of New York (SDNY) sentenced Bankman-Fried to 25 years in prison for the crimes.
In a 102-page appeal filed Friday afternoon, Bankman-Fried’s attorneys argued that Judge Kaplan treated the FTX founder unfairly throughout the trial, making “scathing remarks that undermined the defense” and “ridiculing” his testimony in front of the jury. Bankman-Fried’s attorneys recommended a lighter sentence of 6.5 years in prison. The government asked for a more severe sentence of 40-50 years.
[Bloomberg: The Chairman of the US SEC has received "death threats" many times since 2022]
Bloomberg reporter Jason Leopold's request under the Freedom of Information Act (FOIA) shows that SEC Chairman Gary Gensler has received "death threats" many times since 2022. The documents show that some people sent voice messages and emails to Gensler containing crude and violent threats against him without any explanation. One person said they would shoot and "chop him to death", and another threatened that if they continued to send these messages, they would be sued.
Freedom of Information Act documents show that one of the death threats may have come from a government employee, while another person who sent a threatening email to Gensler with the subject line “die” lives in Australia. The U.S. Attorney’s Office declined to bring criminal charges in the latter case.
Gensler has served as SEC chairman under President Joe Biden since 2021. Although his term ends in 2026, some experts say that a U.S. election outcome in favor of Democratic candidate Kamala Harris or Trump could prompt the SEC chairman to resign.
[ Polymarket platform's cumulative bets on "the winner of the 2024 US presidential election" have reached nearly $1 billion]
Platform data shows that the cumulative bets on the "winner of the 2024 US presidential election" on the decentralized prediction platform Polymarket have reached nearly US$1 billion.
According to the platform, U.S. Vice President and Democratic presidential candidate Kamala Harris leads with a projected 50% chance of winning and more than $127 million in bets, followed by Republican presidential candidate Donald Trump with a 49% chance of winning and nearly $144 million in bets.
[SEC updates lawsuit against Binance , listing AXS, FIL, and ATOM as securities]
The U.S. Securities and Exchange Commission (SEC) has expanded its lawsuit against Binance to expand its allegations. The SEC’s updated legal documents now list more tokens as securities, including Axie Infinity , Filecoin , and Cosmos.
In the latest update to the SEC’s lawsuit against Binance, the regulator accused Binance and its U.S. affiliate BAM Trading of facilitating trading in tokens that are now considered unregistered securities. The SEC accused Binance of actively promoting these newly designated security tokens to customers and emphasizing their potential investment returns.
Twitter: https://twitter.com/BitpushNewsCN
BitPush TG Exchange Group: https://t.me/BitPushCommunity
Bitpush TG subscription: https://t.me/bitpush
Btok subscription: https://btok360.com/bitpush
