Vladimir Putin has signed a law legalizing cryptocurrency mi | AuthSANKchain on Binance Square

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Vladimir Putin has signed a law legalizing cryptocurrency mining in Russia.
⚫Registered Russian entities and individuals can now legally mine cryptocurrency
⚫Foreign digital assets can be traded on Russian blockchain platforms with Central Bank oversight

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Significant events this week are anticipated to impact macro markets, potentially causing fluctuations: —Sept. 9: Consumer Inflation Expectations report —Sept. 10: Donald Trump and Kamala Harris ABC News —Sept. 10: Organization of the Petroleum Exporting Countries (OPEC) monthly report — Sept. 11: August Consumer Price Index (CPI) report —Sept. 12: Core Producer Price Index (Core PPI YoY) report —Sept. 13: Michigan Consumer Sentiment Preliminary report

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Binance released its 22nd proof of reserves with a snapshot date of September 1. The report shows: ⚫BTC: 605,690, down 1.27% ⚫USDT: 22.11bn, up 4.34% ⚫ETH: 4.49m, down 4.26% ⚫BNB: 40.71m, up 0.42% ⚫SOL: 32.03m, down 2.11% ⚫XRP: 2.76bn, down 5.12% ⚫USDC: 1.51bn, down 3.18%

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Binance released its 22nd proof of reserves with a snapshot date of September 1. The report shows: ⚫BTC: 605,690, down 1.27% ⚫USDT: 22.11bn, up 4.34% ⚫ETH: 4.49m, down 4.26% ⚫BNB: 40.71m, up 0.42% ⚫SOL: 32.03m, down 2.11% ⚫XRP: 2.76bn, down 5.12% ⚫USDC: 1.51bn, down 3.18%

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U.S. ETFs have faced significant outflows, with investors withdrawing approximately $1.2bn over the past eight days. This marks the longest stretch of net outflows for the 12 Bitcoin ETFs since they were launched in January. The withdrawals come amid broader market anxiety caused by mixed U.S. jobs data and deflationary pressures in China, affecting both stocks and commodities.

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Crypto companies have been ramping up their lobbying efforts, with some of the most significant spenders including: ⚫ Coinbase: Increased by 3,475% from $80k in 2017 to $2.86m in 2023. ⚫ Binance.us: increased 656.25% from $160k in 2021 to $1.215m in 2023. ⚫ Ripple: Increased by 1,780% from $50k in 2017 to $940k in 2023.

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