🪙 Ethereum Foundation to release financial report, holds roughly $650 million in main wallet: Justin Drake

The Ethereum Foundation will release a financial report “relatively soon,” as the foundation’s spending has recently been a burning issue among the community. In an ask-me-anything (AMA) on the r/ethereum subreddit, Justin Drake, an Ethereum researcher, wrote under the nickname “bobthesponge1” that the foundation is preparing to publish a financial report similar to one released in April 2022.

Source

https://t.me/CryptoNewsSource

153

0

🔥Join the Ultimate Crypto & Trading Hub!🔥

Stay ahead of the curve with our channel, bringing you the latest in:

🔹 Important Crypto News 📰
🔹 Real-Time Chart Analysis 📈
🔹 On-Chain Analytics 🔗
🔹 Exclusive Interviews & Podcasts 🎙️

Plus, get insights on Politics, Finance, and Global Events that impact the market!

🚀 Join us now: https://t.me/Crypto_Trading_Reports

Stay informed. Stay ahead. No financial advice.

#ad

173

0

🇺🇸 US crypto firms ramp up lobbying efforts, expenditures up 1386% over 7 years

A recent study has revealed that US crypto companies have significantly increased their lobbying efforts, with expenditures rising by 1386% from 2017 to 2023. According to data compiled by Social Capital Markets, crypto firms spent $40.42 million lobbying for regulatory changes during 2023 alone, signaling the growing importance of government relations in the industry.

Source

https://t.me/CryptoNewsSource

176

0

🇳🇬 Nigerian court defers bail for ailing Binance executive to October

A Nigerian court has postponed the decision on the bail application for detained Binance executive Tigran Gambaryan until Oct. 9. Judge Emeka Nwite issued the ruling on Sept. 4 after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request.

Source

https://t.me/CryptoNewsSource

211

0

🪙 Grayscale unlock hindered Ethereum ETFs but inflows suggest brighter future

The US-traded spot Ethereum (ETH) exchange-traded funds (ETFs) registered $476 million in negative net flows during the first month of trading, failing to overcome the outflows stemming from the unlock of Grayscale’s ETHE. Bloomberg senior ETF analyst Eric Balchunas the “heroic” performance of the Newborn Nine spot Bitcoin (BTC) ETFs, which recorded enough inflows to heavily overshadow the massive outflows experienced by GBTC.

Source

https://t.me/CryptoNewsSource

233

1

🇰🇵 FBI warns of North Korean threat to crypto, cautions against potential ETF-related attacks

The Federal Bureau of Investigation (FBI) issued a warning about North Korea’s aggressive targeting of the crypto industry on Sept. 3. The agency detailed the sophisticated social engineering campaigns conducted by North Korean actors against employees of crypto-related businesses, notably DeFi applications.

Source

https://t.me/CryptoNewsSource

234

2

📊 Global crypto investment products see $305 million in weekly outflows: CoinShares

Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares returned to net outflows last week, totaling $305 million, following net inflows of $543 million the week before, according to CoinShares' latest report. “We continue to expect the asset class to become increasingly sensitive to interest rate expectations as the Fed gets closer to a pivot,” Butterfill added.

Source

https://t.me/CryptoNewsSource

255

0

⬜️ OKX wins Singapore license, former MAS official takes reins as regional CEO

Crypto exchange OKX’s Singaporean entity, OKX SG, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and appointed former regulator Gracie Lin as CEO, according to a Sept. 2 announcement. To qualify, companies must be registered in Singapore, maintain a permanent place of business with record-keeping, have a minimum capital base of $250,000, and include at least one director who is a Singaporean resident or citizen.

Source

https://t.me/CryptoNewsSource

277

1

💰 SEC warns FTX against paying creditors back in stablecoins, other crypto

Throughout the FTX bankruptcy, many different avenues have been explored or proposed to maximize creditor recovery, from relaunching the FTX exchange in order to make money back for creditors to distributing claims as tokens in a new venture that can be traded. Some decentralized marketplaces such as Found.xyz and Figure Markets even launched support for tokenized FTX claims trading this summer, in a move that one crypto CEO called "one of the most crypto things" he's ever seen.

Source

https://t.me/CryptoNewsSource

268

1

📊 Bitcoin ETFs log monthly loss, Ethereum ETFs are ignored after outflow streak

Despite an eight-day streak of positive net inflows, U.S. spot bitcoin exchange-traded funds logged a red candle for the month of August, logging a total net outflow of about $94 million. That sum is well within the bounds of a single good or bad day though, according to data from SoSoValue. Spot bitcoin ETFs netted over $250 million on Aug. 23, the best day for the funds this month, while the funds lost $237 million on their worst day, Aug. 2.

Source

https://t.me/CryptoNewsSource

287

0