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Happy Tuesday! After being cleared of Dogecoin market manipulation charges, Elon Musk hints at using DOGE as payment option for Starlink.

Today, we look at how the U.S. SEC could object to FTX’s plan of repaying creditors in stablecoins, Bitcoin miner Marathon Digital shares plunged in August due to BTC mining revenue at 11-month low and more.

Don’t miss your chance to win 27% profit every 20 days. Find out more here. 

MARKET SNAPSHOT

TOP STORY

SEC 'Reserves' Right To Oppose Bankrupt Crypto Exchange FTX's Plan To Pay Creditors In Stablecoins

The U.S. Securities and Exchange Commission (SEC) may oppose the plan proposed by bankrupt cryptocurrency exchange FTX to repay creditors using U.S. dollar-pegged stablecoins.

The majority of customers were expected to receive 118% of their claims in cash, but this could put a spanner in the works.

Read the full scoop here.

QUICK N DIRTY

Elon Musk replied “good point” to a user who suggested Dogecoin could fix the issue faced by Starlink bank account freeze in Brazil. Will this push DOGE prices higher?

Cardano’s upgrade ‘Chang hard fork’ went live over the weekend taking a step towards decentralized governance. Could dull ADA prices shine brighter?

Industry expert warned that the establishment of Bitcoin strategic reserve could potentially weaken dollar status and harm economy.

FINTECH FOCUS

Bitcoin Mining Revenue Tanks To An 11-Month Low In August, Industry Bellwether Marathon Digital Shares Sank Over 13% In The Month

Bitcoin mining revenue hit 11-month lows of $827 million in August, down 10% from July. April’s “halving” and Crypto King’s downward price action (around 9%) pushed mining revenue lower.

This has had dire consequences for BTC, and for related companies.

Read the full scoop here.

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