SEC warns FTX against paying creditors back in stablecoins and other crypto: The Block
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The Week Ahead: Sept ☻
Macro:
⥼ BOC Meeting on 4
⥼ US Jobs Report on 6
⥼ Japan GDP (QoQ) on 8
Crypto:
∾ Cardano’s Chang Hard Fork, will introduce governance features (Sep 1)
∾ Arbitrum's Stylus Upgrade, will enable Rust, C, C++ smart contracts (Sep 3)
∾ MATIC to POL Migration (Sep 4)
∾ Russia begins trials of crypto exchanges and cross-border digital token transactions (Sep 1)
∾ Fantom's Sonic Testnet goes live (This week)
Event:
∾ Korea Blockchain Week, Seoul: 01-07
Speakers: Vitalik B., Richard Teng, Brad Garlinghouse and Founders from: Mysten Labs, BitGo, Polygon, Aptos, Aave, Animoca Brands, Berachain, LayerZero, Monad, MakerDAO, Worldcoin, Sahara AI, Ritual, MegaETH, Wintermute, Ethena, etc etc
Token Unlocks: $380M
⊷ TAIKO: $19M: 19% on 5
⊷ IMX: $43M: 2.1% on 6
⊷ MODE: $6M: 38.5% on 6
Earnings/Charts/Articles ⬎
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Galaxy Research said that since launch, the Ethereum ETFs are trading significantly less volume than the Bitcoin ETFs, well below the ETH/BTC CEX volume & market cap ratios. This is the result of several factors, not the least of which is that prime trading desks don't yet offer margin on the ETH ETFs. — link
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Vitalik Buterin: vitalik.eth (0xd8d) transferred 17.73 ETH to Gitcoin: Grants MultiSig (0xde2) at 0:25:23 UTC+8 today, worth about $44,600. The previous similar transfer occurred in August 2023. — link
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Yuga Labs CEO said that the Workshop team has been launched, hoping to learn from Coinbase's Base chain and focus on building innovative ApeChain products. Workshop will soon launch the first batch of products on ApeChain, and the mainnet release of ApeChain may be coming soon. — link
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🟠 EVERYONE is talking about nation-state #Bitcoin adoption 🙌
This is the next step towards hyperbitcoinization and we couldn't agree more 🚀
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The ratio of Ethereum ETF volume to Bitcoin ETF volume in the first 25 days has continued to decline — link
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JUST IN: 🇺🇸 Wells Fargo will begin pitching #Bitcoin ETFs to clients in September.
They manage $1.7T in assets 👀
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Brazil's Supreme Court orders immediate suspension of X (Twitter). Users bypassing the ban using VPN could face daily fines up to $8.8k
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BREAKING: 🇧🇷 Brazil’s Supreme Court has ordered the immediate and full suspension of 𝕏❗️
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SEC warns FTX against paying creditors back in stablecoins, other crypto — link | tl;dr
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SEC warns FTX against paying creditors back in stablecoins, other crypto — The SEC didn't outright state that such an action would be illegal, writing, "The SEC is not opining as to the legality, under the federal securities laws, of the transactions outlined in the Plan," but notes that the agency, "...reserves its rights to challenge transactions involving crypto assets.": TheBlock
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🟠 $5.5 TRILLION Fidelity says that Bitcoin could go as high as $1 BILLION by 2038 🚀
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WuBlockchain Podcast EP-23 Gyroscope: Navigating the Complex World of Stablecoins
Gyroscope is a decentralized stablecoin designed to manage various risks within the stablecoin ecosystem. Ariah Klages-Mundt, co-founder of Gyroscope, discusses its origins, the innovative mechanisms for minting and redeeming GYD, and how Gyroscope uses oracles and a diversified reserve strategy to maintain stability. Youtube Spotify Apple
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According to Whale Alert, at 10:50 UTC+8 today, 1 billion XRP were unlocked from the rDqGA...mKxEsF in three transactions, with a value of over $560 million dollars. The address: rDqGA...mKxEsF was marked as an official Ripple address by XRPSCAN and bithomp. — link
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According to Cryptoslate, investment immigration consulting firm Henley & Partners released a report showing that in terms of global cryptocurrency adoption, Singapore ranks first in the world due to its robust regulatory environment and widespread public adoption, Hong Kong ranks second, and the UAE ranks third. The UAE surpasses Singapore and Hong Kong in terms of tax friendliness. — link
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🇺🇸 Bitcoin usually pumps after US presidential elections 👀
Are you ready for it anon?
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ICYMI: 🟠 Over 94% of the total #Bitcoin supply has now been issued 👀
Digital scarcity at its finest 🚀
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Yet another example of how Bitcoin changes you.
Low time preference > High time preference.
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Web3 game developer Legend of Arcadia raises $4 million in seed funding — link | tl;dr
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JUST IN: 🇧🇷 Brazil says anyone caught using a VPN to access X (Twitter) will be fined up to $8,874 per day.
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