eToro settles with @SECGov, paying $1.5M for unregistered trading services. U.S. users limited to trading $BTC, $ETH, and $BCH. Investors have 180 days to sell other crypto assets. This sets a compliance precedent for crypto firms.
Vitalik Buterin will only endorse Layer-2 $ETH projects meeting high decentralization standards starting next year. Projects must achieve 75% council consensus to override the proof system, with 26% independent members, ensuring network security and user trust.
Bitcoin ETFs saw $116.96M inflow on Sept 10, 2024, with Ethereum ETFs at $11.44M. This marks Bitcoin ETFs’ second consecutive positive day and Ethereum’s first inflow since Aug 29, 2024. Grayscale’s Bitcoin Mini Trust contributed $41.13M.
Ethereum’s Pectra hard fork introduces EIP-7702 for gasless payments, EIP-7251 for flexible validator deposits (32-2048 ETH), and EIP-2935 for improved node performance. Enhancements aim to boost performance, security, and user experience. $ETH @Ethereum
Metalpha liquidates 37.5% of its $ETH holdings, totaling 33,589 ETH ($77.55M) in four days but still retains 51,300 ETH ($120M). Despite this, $ETH price remains resilient, up 1.92% at $2,345, with potential to rally to $3,500.
Binance promotes $EURI with zero fees via SEPA transfers until Oct 5, sparking a 412% surge in trading volume. This move may drive rallies in $BTC, $ETH, $XRP, and other altcoins, highlighting Binance’s market influence.
VanEck will close its $EFUT Ethereum Futures ETF by Sept 16, 2024, shifting focus to a spot Ethereum ETP. Investors will receive cash distributions on Sept 23. The move highlights changing investor preferences towards direct cryptocurrency investments.
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.
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.
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
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.
Vitalik Buterin allocates all his crypto earnings, including L2 tokens, to the Ethereum ecosystem and charitable causes, prioritizing community support and transparency since 2018. This integrity-driven approach sets a precedent in the crypto space.
