566186
Horreva

@horreva #566186

Airdrop Hunter|| Explorer of DeFi and Web3 with a passion for blockchain innovation. Committed to decentralization, transforming finance.
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Following the U.S. election, digital asset inflows surged by $1.98bn, setting new records for global assets under management.

⚫️U.S. leads with $1.95bn, Switzerland adds $23m, Germany $20m
⚫️Bitcoin sees $1.8bn inflows, boosted by macro factors and U.S. politics
⚫️Ethereum inflows hit $157m, strongest since July
⚫️Solana $3.9m, Uniswap $1m, Tron $0.5m, blockchain equities $61m
Digital asset inflows hit $2.2bn, the highest since July, driven by optimism surrounding a potential Republican win in the U.S. elections:

⚫️Bitcoin led with $2.13bn in inflows, followed by Ethereum with $58m
⚫️Multi-asset products saw $5.3m in outflows, breaking a 17-week inflow streak
⚫️U.S. inflows totaled $2.3bn, while other regions experienced minor profit-taking
The SEC has postponed its decision on BlackRock's Ethereum ETF options until November 10.
Federal Reserve cuts interest rates by 50bps for the first time in 4 years.
Binance founder CZ, who is currently serving a four-month prison sentence, is set to be released on September 29.
Binance founder CZ, who is currently serving a four-month prison sentence, is set to be released on September 29.
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10/09/24 ???
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A Nvidia spokesperson clarified that they spoke with the U.S. DOJ and haven't been subpoenaed.

Nvidia saw its valuation drop by as much as $360bn in a single day, though a slight recovery reduced the total loss to nearly $280bn, following news of the subpoena.
Zürcher Kantonalbank (ZKB), the fourth-largest bank in Switzerland and ranked as the world’s second safest, has launched a cryptocurrency service for its retail clients and third-party banks.

Customers can now trade Bitcoin and Ether via the bank's app and online banking platforms.
OpenSea has been given a Wells Notice by the SEC because the agency believes that NFTs on OpenSea are securities.

The CEO Devin Finzer argued that the SEC targeting NFTs would stifle innovation and hurt hundreds of thousands of digital creators who have made and sold NFTs.

Finzer added the company is pledging $5m to help cover legal fees for NFT creators and developers who receive a Wells Notice.
✔ This week's crypto market highlights:

⚫China deems virtual assets as money laundering
⚫Tether plans UAE dirham stablecoin
⚫Scammers hack McDonald’s Instagram
⚫Elon Musk's X investor list
⚫Colombia claims Worldcoin violated data laws
⚫Tether drops blockchain plans
⚫Telegram’s Durov arrested in France​
In 2024, crypto firms have emerged as the top corporate political spenders, accounting for nearly 48% of all corporate contributions in the elections.

Of the $248m in total donations, $119m came from crypto companies, primarily through non-partisan super PACs supporting pro-crypto candidates.
The U.S. Treasury and Fed are considering redefining "money" under the Bank Secrecy Act to include cryptocurrencies.
Tether CEO Paolo Ardoino warned that the EU's MiCA regulation could create systemic risks for stablecoins and banks, particularly due to the requirement for holding 60% of reserves in EU banks.

He cited the 2023 Silicon Valley Bank collapse as a cautionary example.
The inflow of funds into spot Ethereum ETFs on the first day of trading amounted to $106.78m. The detailed breakdown is as follows:

⚫Grayscale (ETHE): -$484.1m (outflow)
⚫Grayscale (ETH): $15.15m
⚫BlackRock (ETHA): $266.5m
⚫Bitwise (ETHW): $204m
⚫Fidelity (FETH): $71.31m
⚫Franklin Templeton (EZET): $13.21m
⚫VanEck (ETHV): $7.64m
⚫21Shares (CETH): $7.47m
⚫Invesco (QETH): $5.54m

The outflow of funds from spot Bitcoin ETFs resumed, amounting to $77.97m yesterday.
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The SEC has ended its investigation into the BUSD stablecoin, launched by Paxos in partnership with Binance.

Walter Hessert, head of strategy at Paxos, stated, "The termination of this investigation formally is an enormous relief for us."
Rising debt in the US and other G-7 nations has prompted warnings from S&P Global Ratings about potential market pressure.

These concerns coincide with upcoming elections and recent alerts from the Bank for International Settlements on governments' vulnerability to losing confidence.
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