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NYDFS Chief Supports Both Federal and State Roles in Crypto Regulation đïž Adrienne Harris, Superintendent of the New York Department of Financial Services (NYDFS), emphasized the importance of both federal and state roles in cryptocurrency #regulation during a digital asset conference in Manhattan. While welcoming federal legislation, she stressed the need for states to maintain a regulatory presence. She highlighted the success of New Yorkâs #BitLicense , which has evolved over nearly a decade and influenced global frameworks. Harris expressed #optimism about forthcoming federal laws and noted NYDFSâs large crypto department, which has seen growing public acceptance of its regulations. If you enjoy my content, feel free to tip me â€ïž #Binance #crypto2024
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U.S. Reclaims Dominance in Bitcoin Holdings đ€ CryptoQuant CEO Ki Young Ju released data showing that the U.S. is regaining dominance in #Bitcoin holdings. The U.S. share of Bitcoin reserves compared to other countries is rising, mainly driven by spot #ETF demand (this data only includes holdings of known entities). The chart shows that the U.S. to other countries' Bitcoin reserve ratio has been recovering from its low point in mid-2023 and has now reached approximately 1.4. If you enjoy my content, feel free to tip me â€ïž #Binance #crypto2024
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The Arena Postpones ARENA Token Release to Finalize Key User Acquisition Deals đ€đ» The Arena, a social protocol on the Avalanche network, has postponed the release of its #ARENA token to between October 1 and 14. The delay is due to the project team finalizing significant deals, including one expected to be the largest user #acquisition event in the platformâs history. To ensure maximum benefits for both the token and the platform, the team will announce the specific #release date after these deals are confirmed. The Arena Uprising event will start seven days prior to the tokenâs release. If you enjoy my content, feel free to tip me â€ïž #Binance #crypto2024
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Base Secures $5M in OP Incentives to Boost DeFi Projects đ° The #Ethereum Layer 2 scaling solution, Base, announced this morning that its application for 3 million OP tokens (approximately $5 million) in incentives has been approved by Optimism Governance. Base stated that these funds will be used to launch an incentive program aimed at rewarding DeFi projects built on Base that contribute to increasing the total value locked (TVL) in ETH and BTC. #Base emphasized that in the first year, they have already contributed 2,625 ETH (about $6.7 million) in revenue to the Superchain and have accounted for over 70% of the transaction volume. Base also mentioned that the specific details of the #incentive program will be announced soon, but they clarified that there will be no incentives for specific pools or user activities. If you enjoy my content, feel free to tip me â€ïž #Binance #crypto2024
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Whale Alert monitored that at 01:16 Beijing time today, the $USDC Treasury burned 50 million USDC on the #Ethereum blockchain. đš #Binance #crypto2024
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