Bybit secures full regulatory approval from Kazakhstan’s AFSA, becoming the second crypto exchange after Binance to achieve this. This milestone enhances Bybit’s service offerings with advanced trading tools and institutional-level security for Kazakh users.
VanEck’s Matthew Sigel defends $ETH amid criticisms, citing its economic model and utility. Despite bearish sentiment and macro challenges, analysts remain optimistic about Ethereum’s long-term growth potential.
Recent US job data and recession fears, along with stock market declines, have sparked a massive sell-off in the crypto market. Analysts suggest $BTC may benefit long-term as a hedge against economic turmoil, similar to gold.
Venezuela’s opposition leader Maria Corina Machado supports $BTC to combat hyperinflation as the bolivar’s value plummets. Coinbase CEO Brian Armstrong endorses this strategy, seeing it as a means to promote economic freedom and stability.
VanEck will liquidate its Ethereum futures ETF, $EFUT, by Sept. 16, 2024, due to performance and low investor interest. Focus shifts to the newly SEC-approved spot Ethereum ETP, $ETHV. This highlights a trend towards spot ETFs over futures.
Vitalik Buterin to donate proceeds from his Layer 2 and other token projects, including $OP, $STRK, and $BLAST, to Ethereum ecosystem initiatives and broader charities. Buterin hasn’t kept any sales proceeds since 2018, fostering community trust.
Russia employs cryptocurrencies to counter Western sanctions, with initiatives including BRICS collaborations and a potential gold-backed stablecoin with Iran. Despite blockchain transparency, small-scale evasion could still affect geopolitical stability, especially in Ukraine.
A dormant Bitcoin whale moved 35 BTC worth $1.99M after 10 years. Originally acquired at $618 per BTC, a $21,632 investment, the transfer fee was just $1.15. The move signals potential market shifts among long-term holders.
Japan’s top banks, including MUFG, SMBC, and Mizuho, launch Project Pax to improve cross-border payments using stablecoins in JPY, USD, and EUR. Leveraging Swift API and blockchain, the initiative aims for commercialization by 2025, enhancing speed and transparency.
Bybit and Binance receive full regulatory approval in Kazakhstan, solidifying the country’s role as a key player in the global crypto ecosystem. Bybit aims to enhance tech, security, and transparency for local traders.
Ethereum Foundation to release financial report amid community concerns. Annual expenditure: $100M. Holdings: $650M in $ETH. Fiat reserves to sustain operations for years. Sold 239,000 $ETH since 2021, capitalizing on price peaks. #CryptoNews
Singapore’s Appchain Day Summit will feature top Web3 projects like Cosmos and Solana, industry leaders, and major venture firms. The event focuses on appchains, driving discussions on future blockchain advancements and investment opportunities.
Ripple Co-Founder Chris Larsen and PayPal CEO Dan Schulman, along with 89 top executives, endorse Kamala Harris for President. Leaders from PepsiCo, Tesla, and AutoDesk highlight their support, signaling confidence in Harris’s business-friendly policies.
Significant capital outflows hit US $BTC and $ETH ETFs in early September, with $BTC ETFs losing $211.15M on Sep 5 and $ETH ETFs seeing a $152,720 outflow. Key funds like FBTC, BITB, and GBTC experienced notable losses.
