Arbitrum DAO proposes to unlock ARB utility and improve the governance and security of the Arbitrum protocol by implementing ARB staking, without yet turning on fee distribution to token holders.
Through ARB staking, token holders who delegate to active governance participants will be able to capture value. The proposal will also implement a liquid staked ARB token (stARB) via the Tally Protocol that enables any future rewards to auto-compound, is (re)stakeable, and is compatible with DeFi.
Separately, it will work with the Arbitrum DAO to decide whether and how to fund rewards and split rewards between token holders and delegates.
https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xb581f3aed701ae889c1d79406acdf3d653e6eb4323cb5e46635f729e6313da4d
The crypto market is growing
BTC Dominance - 55.83%
Market Cap - $2.16T
BTC - $61,095.99 (+1.32%)
ETH - $2,644.1 (+1.92%)
BNB - $530.2 (+4.29%)
SOL - $155.71 (+1.29%)
XRP - $0.5887 (-0.03%)
ZRO - $3.72 (+7.36%)
TON - $6.68 (-0.13%)
https://dropstab.com
Spot ETF Flow on 9.08: BTC-ETF -$89.7M, ETH-ETF -$15.7M
https://sosovalue.com/assets/etf/us-btc-spot
The US Securities and Exchange Commission has subpoenaed at least three crypto venture capital firms this year, according to a source familiar with the SEC’s investigation.
https://www.dlnews.com/articles/regulation/sec-subpoenas-three-crypto-vcs-as-crypto-crackdown-grows/
The crypto market is down
BTC Dominance - 55.94%
Market Cap - $2.13T
BTC - $60,327.82 (-0.71%)
ETH - $2,598.39 (-2.33%)
BNB - $508.5 (-0.19%)
SOL - $153.6 (-1.9%)
XRP - $0.5883 (-1.94%)
ZRO - $3.47 (-0.26%)
TON - $6.7 (+6.61%)
https://dropstab.com
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
OKX CEO stated that any time accounts interact with Tornado Cash and Garantex, such accounts will be blocked
https://x.com/star_okx/status/1821719031415808008
Coinbase has added ZetaChain (ZETA) and Across Protocol (ACX) to its roadmap.
https://x.com/CoinbaseAssets/status/1821671896179454439
https://x.com/coinbaseassets/status/1821660171254268064
The crypto market is growing
BTC Dominance - 55.94%
Market Cap - $2.16T
BTC - $61,459.86 (+7.5%)
ETH - $2,689.8 (+10.25%)
BNB - $515.2 (+5.86%)
SOL - $159.7 (+3.66%)
XRP - $0.6156 (+0.23%)
ZRO - $3.57 (+13.53%)
TON - $6.18 (+9.95%)
https://dropstab.com
Franklin Templeton has collaborated with the Arbitrum Foundation to launch its OnChain U.S. Government Money Fund (FOBXX) on the Ethereum Layer 2 network.
FOBXX is represented by the BENJI token, with the fund previously launched on Stellar and Polygon.
https://www.theblock.co/post/309989/franklin-templeton-fobxx-benji-arbitrum
Spot ETF Flow on 7.08: BTC-ETF +$45M, ETH-ETF -$23M
https://sosovalue.com/assets/etf/us-btc-spot
Binance will list Toncoin (TON) and open trading for the following spot trading pairs at 2024-08-08 10:00 UTC.
https://www.binance.com/en/support/announcement/binance-will-list-toincoin-ton-with-seed-tag-applied-abba626aa0974b828f91c166bdc12afd
Grayscale and Bitwise are asking regulators to approve options for their spot Ethereum exchange-traded funds, according to a filing on the U.S. Securities and Exchange Commission's site.
https://www.theblock.co/post/310158/grayscale-bitwise-and-nyse-american-ask-for-rule-change-to-allow-options-on-spot-ethereum-etfs
Rumours: Donald Trump and his family are launching their DeFi project "World Liberty"
https://x.com/EricTrump/status/1820906993802211751
Celsius filed a lawsuit against Tether on Friday in an attempt to claw back Bitcoin worth $2.4 billion that the company says Tether sold improperly at the bottom of the market as the crypto lender began to collapse.
Tether has vowed to defend itself against the lawsuit, which CEO Paolo Ardoino described as “baseless” and “bullying.”
https://www.theblock.co/post/310549/celsius-targets-tether-badger-dao-compound-and-netanyahus-niece-and-nephew-in-lawsuits
https://tether.io/news/tether-will-defend-itself-against-shake-down-litigation-commenced-by-celsius/
Secondary shares of the company are trading at about $1.5 billion, according to Yat Siu, executive chairman and co-founder of Animoca.
That’s almost 75% below Animoca’s valuation in July 2022, when the firm announced that it had raised $75 million at a $5.9 billion valuation.
https://www.dlnews.com/articles/snapshot/yat-siu-says-animoca-trading-lower-on-secondary-markets/
Tether CEO Paolo Ardoino has raised concerns that the European Union’s Markets in Crypto-Assets (MiCA) regulation poses a systemic risk not only to stablecoins but also to the broader banking system.
The MiCA regulation, which took effect on June 30, imposes stringent limitations on stablecoin operations across the European Economic Area. Notably, it mandates that at least 60% of reserves backing stablecoins must be held in EU bank accounts.
He further pointed out that EU cash deposits are insured for only up to $100,000 — an amount he argues is inadequate for large stablecoin issuers like Tether.
https://cointelegraph.com/news/mica-regulation-systemic-risk-banking-system-tether-ceo
Bounce announces MBA CeDeFi Mining is now live: https://app.mba.loans/
A daily prize pool of 100 AUCTION is rewarded to MBA CeDeFi Mining users.
MBA, a CeDeFi mining protocol, aims to create an efficient trading environment with optimal liquidity and yields.
https://x.com/bounce_finance/status/1821762952921219387
1.3B USDT has been transferred from Tether Treasury to exchanges since the market crash on Aug 5.
https://x.com/CoinGapeMedia/status/1821844262918426881
AUCTION will be available on TON
https://x.com/bounce_finance/status/1820970385585684628
James Seyffart: “We think the Bitcoin ETF options happen in 4th quarter this year. Final deadline for SEC decision is ~Sept. 21 but there's more steps needed after that from OCC & CFTC.
Here are some BTC & ETH related ETFs including leveraged that already have options.”
https://x.com/JSeyff/status/1821627790065799634
MANTRA has announced that over 300M OM tokens have been staked so far by community roughly around 36% of Circulating Supply.
https://x.com/mantra_chain/status/1821540947441635358
MultiversX releases MetaMask Snap
MetaMask Snaps improve portability, enabling the quick derivation of a MultiversX wallet from your existing seed phrase.
https://multiversx.com/blog/multiversx-snap-metamask-wallet
https://x.com/MultiversX/status/1821519984218009848
Kamala Harris' team has launched “Crypto for Harris”
https://www.foxbusiness.com/politics/democrats-launch-crypto-harris-campaign-counter-trumps-industry-appeal
A New York judge has handed down final approval for defunct crypto exchange FTX and its sister trading firm Alameda Research to pay back $12.7 billion to FTX creditors as part of a settlement with the United States Commodity Futures Trading Commission (CFTC).
https://cointelegraph.com/news/new-york-judge-nods-12-7-billion-settlement-between-ftx-alameda-and-cftc
The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF).
https://www.coindesk.com/policy/2024/08/08/brazils-securities-and-exchange-commission-approves-solana-based-etf/
A federal judge imposed a $125 million fine on Ripple after finding last year that its institutional sales of XRP violated federal securities laws.
https://www.coindesk.com/policy/2024/08/07/judge-fines-ripple-125m-bans-future-securities-law-violations-in-long-running-sec-case/
The crypto market is neutral
BTC Dominance - 55.61%
Market Cap - $2.03T
BTC - $57,100 (+0.33%)
ETH - $2,436.28 (-3.3%)
SOL - $153.18 (+0.03%)
BNB - $485.7 (-1.64%)
XRP - $0.6136 (+18.5%)
ZRO - $3.14 (-6.91%)
TON - $5.65 (-2.18%)
https://dropstab.com