First Mover Americas: Bitcoin Ticks Along Above $34K

Bitcoin has started the week in the same buoyant mood that saw it gain around 15% last week. The world’s largest cryptocurrency has, a broad-based tracker of hundreds of tokens, is up around 1.4% on the day and over 11% in the past week. The crypto market’s upward trajectory has been carried by enthusiasm at the prospect of a BTC spot ETF finally being approved in the U.S., though this week eyes may turn to the Fed’s interest-rate decision.

Thai bank Kasikorn, also known as K-Bank, said it has acquired a 97% stake in crypto exchange Satang at a valuation of 3.705 billion Thai baht , a month after the creation of its $100 million fund targeting Web3 and fintech investments., Satang will be re-branded to Orbix, along with three new subsidiaries: Orbix Custodian, fund manager Orbix Invest and blockchain tech developer Orbix Technology.

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