#donaldtrump once again stated that the U.S. government should not sell cryptocurrency. The government considered this and... sold #Ethereum . đ
đ Trump also reiterated his point that if the U.S. does not engage with #cryptocurrency , #China will.
âItâs like #AI âyou like it or not. If we donât do it, China or other people will. We canât fall behind, and cryptocurrency is exactly in this sphere,â
- Trump said.
Well, the government agreed. But Ethereum can definitely be sold đ€Ł
Yesterday, 300 $ETH were transferred from a U.S. government address.
The U.S. government currently holds over 50,000 ETH. đ
đšSEC's Shifting Stance on Crypto Assets: What's Going On?
The SEC is stirring up confusion by claiming it never meant for "crypto asset securities" to imply that tokens themselves are securities. Despite using the term frequently, the #SEC now says it refers to the full context of contracts and sales expectations, not the assets themselves. đ§đ
đ In its updated complaint against #Binance , the SEC admits its terminology might have caused confusion and vows to stop using it.
Critics, including legal experts and industry leaders, are baffled and accuse the SEC of extreme gaslighting and contradictions. #ripple 's lawyers argue that the SEC's stance is "a twisted pretzel of contradictions." đ„š
The SECâs lawsuit against Binance continues, alleging violations of securities laws and claiming that some crypto assets are investment contracts under the Howey test. đ¶âđ«ïž #RippleSECSettlement $XRP
đ„ Shiba Inu (SHIB) Takes Burn to a New Levelâ
Imagine if your snack started eating itself to lose weightâwelcome to Shiba Inuâs wild week! đ¶đ„
#SHIB âs burn rate just skyrocketed by 340%, torching over 11 million tokens in one go. Thanks to Shibarium's new burn mechanism, which turns transaction fees into ashes, this puppyâs shedding more weight than ever. đïžââïžđš
With ShibTorch on fire, SHIB's price rebounded, proving that sometimes, when you destroy things, they come back strongerâlike a phoenix... or maybe just a very ambitious dog. đđ #shiba⥠#SHIBAđ„ #shibburn #ShibaInuSurge $SHIB
Against the backdrop of $BTC rising to $60,000, the Crypto Fear and Greed Index has recovered to a neutral level of 50 for the first time in the past month. đ
After a hiatus, CEX.IO is back in the UK following compliance with new FCA regulations.
đ Last year, new rules on crypto asset promotions led CEX.IO to voluntarily suspend its UK services. Now, with the FCA's requirements met, including risk warnings and investor assessments, the exchange is ready to reenter the market.
In the first half of 2024, stablecoins facilitated transactions totaling $2.6 trillion. đ”
Visa and Castle Island Ventures project that by the end of the year, this volume could soar to $5.28 trillion.
Stablecoins are predominantly utilized for cross-border payments, remittances, payroll, and trading, especially in emerging markets like Nigeria and Brazil.
đ Key Stats:
âȘïž47% use stablecoins for savings
âȘïž43% for better currency conversion
âȘïž39% for earning yields
57% of users have increased their stablecoin use over the past year, and 72% expect this trend to continue. đđž
BTC price trends before and after El Salvador started buying 1 #BTC daily đžđ»
đ For the past 665 days, Nayib Bukele's government has been steadily purchasing Bitcoin, now holding 5,871 BTC ($342 million).
Initially, El Salvador made large, bulk purchases like most, but after getting burned by buying at market peaks, they shifted to a more cautious daily buying strategy. đ§
Itâs a more relaxed approach than stressing over market timing later. đ
Story of an unlucky WHALE đł âą The unlucky whale has a habit of buying Bitcoin at high prices and selling at lows â losing $40 million over the past three months. Now they've bought another 800 $BTC .
đŁ Ethereum co-founder #VitalikButerin announced that starting next year, he will only publicly support and mention Layer 2 solutions that have become less reliant on manual control by developers.
đ For this, 75% of the decision-making council should have the power to cancel or override the proof system, with at least 26% of the council being independent of the development team.
Buterin mentioned that teams working on ZK-rollups aim to reach this level by the end of the year. âïž
He sees this as the beginning of a new era, where cryptographic proofs, rather than trust in teams or individuals, will underpin the security and functionality of these solutions. đ§ #zkSync #etherreum #EtheruemETF #Layer2
đłđŹ Nigeria is actively freezing the bank accounts of #KUCOIN and #bybit users
The local regulator accusing them of manipulating the naira, as well as trading in proceeds from criminal activities and funds intended for terrorism. đ§
Previously, the Central Bank of Nigeria accused Binance of engaging in illegal banking operations, and local authorities arrested Tigran Gambaryan, a top executive of the exchange.
Vega Protocol has voted to retire its Layer 1 blockchain due to low traction. Despite raising $60M in 2021, with $11M from funds and the rest from ICO investors, the token's value has crashed from $21 to just $0.06â a staggering 99.7% drop. đ
Validators will keep nodes active until at least Oct. 27 for asset withdrawals.
đ In future Vega will support NEBULA, a new DEX using its tech, offering NEB tokens to VEGA holders.
Investors, remember: such dramatic shifts can happen to any project. đ€· Stay alert!
đŹđ§ The UK Parliament introduces a bill to recognize Bitcoin as personal property.
đ A new bill introduced in Parliament aims to provide legal protection for digital assets like Bitcoin, #NFTs , by officially recognizing them as personal property under British law for the first time. đ
đ This will protect owners from fraud and scams, while helping resolve disputes involving digital assets, such as in divorce cases.
The Blum app secured investments from Binance Labs. đ°
Blum became the first tap-to-earn project built on a Telegram mini-app to be selected for the Most Valuable Builder (MVB) incubation program and receive funding from Binance Labs. đ
Peter Schiff is a well-known Bitcoin hater. And when someone pointed out in a conversation that his wife is buying Bitcoin behind his back, Schiff openly admitted it:
"Actually she did. No one is perfect."
So thatâs how it works: he dumps Bitcoin, and she buys the dip đ