Swan Bitcoin Claims Ex-Employees 'Stole' Its Mining Business at Tether’s Direction. Swan Bitcoin has filed suit against a group of former employees and consultants, alleging they “hatched and executed a ‘rain and hellfire’ plan” to "steal" its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time ally and fundraising partner.

Bitcoin Core dev receives grant for maintaining BIP repository. Investment fund Maelstrom has awarded a grant to a Bitcoin Core developer for maintaining the Bitcoin Improvement Proposals (BIP) repository. The grant was given to Jon Atack, a senior developer at Bitcoin Core who started contributing in 2019.

BlackRock's head of crypto doesn’t see Bitcoin as a ‘risk on’ asset. Equities, unemployment, job numbers, or manufacturing really have no connection to Bitcoin, argues BlackRock’s head of digital assets. **Robbie Mitchnick suggests Bitcoin is closer to a risk-off asset. Source: Bloomberg**

The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles. Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low.

Bukele States El Salvador Will Self-Finance 2025 Budget, Won't Issue Even 'a Cent' of Debt. President Nayib Bukele revealed that he would present a self-financed budget proposal to the Legislative Assembly of El Salvador, meaning that the government will not issue debt to pay for its operations in 2025. Bukele stressed that this would be the first time this happened in decades, highlighting the relevance of independence and self-sufficiency for the country.

MicroStrategy announces third debt offering of 2024, plans to raise $700M The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC.

Lawmakers Call on Top 10 Bitcoin ATM Firms to Address Crypto Fraud Concerns. Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs.

Bukele advisers said BTC adoption was ‘complete PR move’ — TIME reporter. According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception.

Bitcoin in ‘seasonal slog’ with slim chance of short-term price catalysts: NYDIG. “Potential upcoming near-term catalysts for Bitcoin are sparse at the moment,” says NYDIG head of research Greg Cipolaro. Bitcoin investors should brace themselves for a “seasonal slog” in September, with the month historically providing the worst average returns, says Bitcoin financial services platform NYDIG. *September’s mean monthly losses for Bitcoin since 2011 stand at -5.9%. Source: NYDIG *

Bitcoin ETFs need time to be ‘instrument of adoption’ — Bianco Research CEO. Bianco Research CEO Jim Bianco says the next Bitcoin halving in 2028 and significant development of on-chain tools are needed for wider ETF adoption.