Eric Balchunas: “Bitcoin ETFs collectively have over 1,000 institutional holders after just two 13F periods. That's beyond unprecedented. IBIT alone has 661 holders with 20% of its shares reported held by institutions and large advisors, likely headed to 40% in next 12mo IMO. How weird is this? For example, take an ETF at random- say a $7m ETF launched last Dec. It has TWO holders and they only own 0.03% of the fund. Not to dump on that ETF (bc that's normal) but more to point out how the bitcoin ETFs are freaks of nature, an anomaly in physics.”
https://x.com/EricBalchunas/status/1833115855988646061
💧 New Coins in Accumulation Phase Backed by Top Tier VCs
👉 https://dropstab.com/tab/accumulation-with-top-funds-sr3wocefnz
Kyber Network introduces KyberZaP
KyberZap API is designed to revolutionize how users interact with liquidity pools, making it easier, more efficient, and more secure to maximize your DeFi investments.
https://x.com/KyberNetwork/status/1833042770627531129
Circle minted $50M USDC on the Ethereum network
https://whale-alert.io/transaction/ethereum/0xa106085dd0695553909ec00c96fa1a134cb6fdeb5c9109f8dc38296a547a6458
Tether has invested $102 million since July buying 9.8% of the shares of Adecoagro, a Nasdaq-listed agricultural giant which operates in South America.
https://www.theblock.co/post/315171/tether-addresses-102-million-agricultural-investment-land-is-crucial-asset-class
Arthur Hayes: “Closed my BTC short, made 3% profit, enough to cover my food and bar tab for KBW. With Bad Gurl Yellen watching mrkts and releasing a weekend statement, if stuff continues to puke next week BTC *MIGHT* rise anticipating more $ liq.”
https://x.com/CryptoHayes/status/1832623755756970138
The crypto market is growing
BTC Dominance - 55.14%
Market Cap - $1.95T
BTC - $54,449.01 (+0.33%)
ETH - $2,292.53 (+1%)
BNB - $497.6 (+1.46%)
SOL - $128.35 (+1.29%)
XRP - $0.5289 (+0.57%)
TON - $4.7 (+1.25%)
ZRO - $3.33 (+2.49%)
https://dropstab.com
Spot ETF Flow on 6.09: BTC-ETF -$169.97M, ETH-ETF -$5.98M
https://sosovalue.com/assets/etf/us-btc-spot
The crypto market is down
BTC Dominance - 55.35%
Market Cap - $1.92T
BTC - $53,867 (-5.03%)
ETH - $2,239.29 (-6.55%)
BNB - $486.3 (-4.01%)
SOL - $125.32 (-4.42%)
XRP - $0.5222 (-4.48%)
TON - $4.63 (-4.45%)
ZRO - $3.22 (-0.69%)
https://dropstab.com
Crypto-friendly United Texas Bank has been slapped with a cease and desist order from the Federal Reserve over “significant deficiencies” in servicing crypto clients.
https://x.com/Cointelegraph/status/1831610907513721196
The Fuel Discord has been compromised.
Do not click on any suspicious links or provide any personal information.
https://x.com/fuel_network/status/1831828663677153454
Spot ETF Flow on 5.09: BTC-ETF -$211.15M, ETH-ETF -$152.7K
https://sosovalue.com/assets/etf/us-btc-spot
Pavel Durov: "❤️ Thanks everyone for your support and love!
Last month I got interviewed by police for 4 days after arriving in Paris. I was told I may be personally responsible for other people’s illegal use of Telegram, because the French authorities didn’t receive responses from Telegram.
This was surprising for several reasons:
1. Telegram has an official representative in the EU that accepts and replies to EU requests. Its email address has been publicly available for anyone in the EU who googles “Telegram EU address for law enforcement”.
2. The French authorities had numerous ways to reach me to request assistance. As a French citizen, I was a frequent guest at the French consulate in Dubai. A while ago, when asked, I personally helped them establish a hotline with Telegram to deal with the threat of terrorism in France.
3. If a country is unhappy with an internet service, the established practice is to start a legal action against the service itself. Using laws from the pre-smartphone era to charge a CEO with crimes committed by third parties on the platform he manages is a misguided approach. Building technology is hard enough as it is. No innovator will ever build new tools if they know they can be personally held responsible for potential abuse of those tools.
Establishing the right balance between privacy and security is not easy. You have to reconcile privacy laws with law enforcement requirements, and local laws with EU laws. You have to take into account technological limitations. As a platform, you want your processes to be consistent globally, while also ensuring they are not abused in countries with weak rule of law. We’ve been committed to engaging with regulators to find the right balance. Yes, we stand by our principles: our experience is shaped by our mission to protect our users in authoritarian regimes. But we’ve always been open to dialogue.
Sometimes we can’t agree with a country’s regulator on the right balance between privacy and security. In those cases, we are ready to leave that country. We've done it many times. When Russia demanded we hand over “encryption keys” to enable surveillance, we refused — and Telegram got banned in Russia. When Iran demanded we block channels of peaceful protesters, we refused — and Telegram got banned in Iran. We are prepared to leave markets that aren’t compatible with our principles, because we are not doing this for money. We are driven by the intention to bring good and defend the basic rights of people, particularly in places where these rights are violated.
All of that does not mean Telegram is perfect. Even the fact that authorities could be confused by where to send requests is something that we should improve. But the claims in some media that Telegram is some sort of anarchic paradise are absolutely untrue. We take down millions of harmful posts and channels every day. We publish daily transparency reports (like this or this ). We have direct hotlines with NGOs to process urgent moderation requests faster.
However, we hear voices saying that it’s not enough. Telegram’s abrupt increase in user count to 950M caused growing pains that made it easier for criminals to abuse our platform. That’s why I made it my personal goal to ensure we significantly improve things in this regard. We’ve already started that process internally, and I will share more details on our progress with you very soon.
I hope that the events of August will result in making Telegram — and the social networking industry as a whole — safer and stronger. Thanks again for your love and memes 🙏"
/channel/durov/342
The U.K.'s financial regulator said a full 87% of crypto companies that applied for licensing under the country's money laundering rules failed to win approval in its most recent fiscal year.
Only four of the 35 applications received by the Financial Conduct Authority (FCA) managed to qualify in the 12 months ended March 31, it said in its annual report. Among those successfully registering were Binance's payments partner, BNXA, a PayPal U.K. unit and Komainu, a crypto custody joint venture of Nomura. The rest were either refused a license or rejected for lacking key components needed for assessment.
https://www.coindesk.com/policy/2024/09/05/uk-regulator-says-87-of-crypto-registration-applications-failed-to-meet-standards-for-approval/
The crypto market is growing
BTC Dominance - 55.44%
Market Cap - $2.02T
BTC - $56,602.01 (+2.79%)
ETH - $2,343.6 (+1.65%)
BNB - $515.1 (+1.95%)
SOL - $133 (+3.37%)
XRP - $0.5342 (+0.71%)
TON - $5.23 (+6.05%)
ZRO - $3.48 (+3.55%)
https://dropstab.com
Ether.Fi launches Visa "Cash" on the Scroll network
Ether.Fi is offering 3% Cash Back on all ether.fi Cash transactions, with no exceptions or restrictions.
Pre-order at: https://app.ether.fi/cash
https://x.com/ether_fi/status/1833132921143906398
The crypto market is neutral
BTC Dominance - 55.26%
Market Cap - $1.97T
BTC - $55,185 (+1.41%)
ETH - $2,306.33 (+0.8%)
BNB - $505.6 (+1.82%)
SOL - $128.93 (+0.55%)
XRP - $0.5303 (+0.31%)
TON - $4.95 (+5.38%)
ZRO - $3.38 (+2.07%)
https://dropstab.com
CARV launches Sybil Self-Report
Sybil users can come forward and self-report their activities in exchange for 15% of their intended allocation, with no questions asked.
https://sybil.carv.io/
Carv/sybil-self-report-a-fair-chance-for-all-from-carv-f3799d253700" rel="nofollow">https://medium.com/@Carv/sybil-self-report-a-fair-chance-for-all-from-carv-f3799d253700
Coinbase has added zkSync (ZK) to its roadmap.
https://x.com/CoinbaseAssets/status/1832085773526376455
Sonic testnet is live
website: https://testnet.soniclabs.com/
https://x.com/0xSonicLabs/status/1832053492304806125
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license.
https://www.binance.com/en/blog/regulation/binance-kazakhstan-first-digitalasset-platform-to-obtain-afsa-consent-for-full-regulatory-license-546932657781842099
Vitalik Buterin: “I also do not intend to invest into L2s or other token projects in the foreseeable future. My goal with giving projects money is to support things that I think are valuable, especially in cases where other parts of the ecosystem might undervalue them. Going forward, I plan to just do this with donations.”
https://x.com/vitalikbuterin/status/1831796490223907327
Arthur Hayes: “BTC is heavy, I’m gunning for sub $50k this weekend. I took a cheeky short. Pray for my soul, for I am a degen.”
https://x.com/CryptoHayes/status/1831866865846776035
Coinbase has added Moonwell (WELL) to its roadmap.
https://x.com/CoinbaseAssets/status/1831804393965973833
Coinbase will add support for Immutable and Flow perpetual futures on Coinbase International Exchange and Coinbase Advanced.
The opening of IMX-PERP and FLOW-PERP markets will begin on or after 9:30 UTC 12 SEP 2024.
https://x.com/CoinbaseIntExch/status/1831723716012851398