Crypto Compass by BitcoinWalletSG #136

📰 Trump Rebuffs Health Rumors

Donald Trump dismissed viral rumors about his health after images showed bruising on his hand. The White House clarified it was due to aspirin use and frequent handshakes. Markets briefly reacted to the uncertainty but stabilized after Trump’s public appearance announcing the U.S. Space Command’s relocation.

📉 Bitcoin Enters Historically Weak Month

Bitcoin is trading around $107K as September begins, a month that has historically been bearish for the crypto market. Over the past 12 years, Bitcoin has recorded losses in 8 out of 12 Septembers, with an average drop of ~6%.

⚖️ SEC & CFTC Issue Joint Crypto Guidance

The SEC and CFTC released a joint statement clarifying that U.S. registered exchanges, including national securities exchanges and designated contract markets, can legally list and trade certain spot crypto asset products, even those involving leverage, margin, or financing.

🌏 Trump-Linked WLFI Gains Traction

The Trump family's WLFI token from World Liberty Financial began trading publicly on major exchanges like Binance, and Coinbase on Monday. Its debut got an extra boost from support in Asia’s crypto community, with endorsements from figures like Justin Sun amplifying interest. The token commands a striking market cap of $6.5 billion across approximately 27.35 billion tokens in circulation.