ethereum vault

@ethereumvault

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Michael Saylor: Four years ago today MicroStrategy adopted Bitcoin as its primary reserve asset Four years ago today,MicroStrategy adopted Bitcoin as its primary fiscal reserve asset, and since then MSTR shares have outperformed 499 of the 500 stocks in the S&P 500, founder MichaelSaylor wrote in a post on the X platform. (PANews)

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Analysis: Crypto job market recovers, venture capital inflows drive hiring boom The crypto job market is showing signs of recovery as Web3 becomes more mainstream and the demand for positions at cryptocurrency and blockchain companies has seen an incredible increase, A recently posted Crypto product marketing manager position on Linkedln received over 500 applicants in just five days, and job site Crypto Jobs List recorded around 600 new crypto and blockchain job openings in July 2024. Industry insiders point to the influx of venture capital money into the crypto industry as driving the hiring boom, with crypto-focused VC firms pouring $2.01 billion into the industry in the first three months of 2024, according to PitchBook, already surpassing the $1.9 billion invested in all of 2023, as crypto companies struggle to meet growth goals and look to bring products to market This, in turn, has directly contributed to the demand for hiring. (PANews)

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New "Bitcoin Office" section on City of Santa Monica, California website The city of Santa Monica, California, has a new "BitcoinOffice" section on its website. The purpose of this section is to identify and promote bitcoin industry partnerships to support Santa Monica's economic recovery and create new jobs. (Foresight News)

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Placeholder Partner: This is a good early form for a bull market Chris Burniske, former head of crypto at Ark Invest and now partner at PlaceholderVC, wrote in × that sentiment has reset, leverage has been cleansed, and the lows for most high quality crypto assets this round are much higher than we saw in 2023. At the same time, global central banks are about to be forced to ease policy and market volatility is expected to intensify in the third quarter. In any case, this is a good early form for a bull market. (Daily Planet)

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Grayscale, Bitwise, and the New York Stock Exchange requested a rule change to allow spot Ethereum ETF options In a filing published Wednesday, NYSE American LLC vs Grayscale and Bitwise have jointly proposed changing the rules to list and trade options on three products - the Bitwise Ethereum ETF, Grayscale Ethereum Trust and Grayscale Ethereum Mini-Trust. The proposed document will be subject to comment within 21 days. (The Block)

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The US Department of Homeland Security has charged a man in connection with a cryptocurrency recovery scam A Homeland Security Investigations (HSI) task force investigating a fake cryptocurrency recovery scam has charged a Las Vegas man (Michael Lauchlan). The man's CDN network claims to offer services such as blockchain analysis, tracking and recovery of lost cryptocurrencies for a fee. However, instead of recovering the assets, Lauchlan allegedly kept the fees and, in some cases, withdrew additional Ethereum assets and issued false promises and fake blockchain tracking reports to customers. The HSI team reported that they interviewed more than 175 CDN customers, but not one of them was able to recover any cryptocurrency using the service. In addition, about $14,000 of CDN users' cryptocurrencies were traced back to the CoinEx cryptocurrency exchange. (BlockBeats)

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Arkham: BlackRock, MicroStrategy, Grayscale and Fidelity did not sell Bitcoin during the market decline Blackrock, MicroStrategy, Grayscale and Fidelity did not sell bitcoin during the market decline. (Foresight News)

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Sunshine, beauty, 🦄, and $SOCIAL have it all this summer

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As prices fell, Jump Crypto moved hundreds of millions of dollars in cryptocurrencies Jump Crypto, the cryptocurrency arm of Jump Trading, appears to be liquidating some of its positions, moving tokens from exchange hot wallets to exchange deposit addresses. Most of the cryptocurrencies are in the form of pledged ether, which Jump has been unpledging and potentially selling since July 25, a few days after the launch of the U.S. spot Ether ETF. (The Block)

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An Indian court has reaffirmed that cryptocurrency trading cannot be considered illegal, granting bail to Yes World CEO The High Court of the Indian state of Odisha has reiterated that cryptocurrency trading is neither prohibited nor considered illegal in India. The court granted bail to Sandeep Chowdhury, CEO of YesWorld, on the grounds that there is no official ban or illegal act against cryptocurrency trading in the country. Chowdhury was previously detained on suspicion of defrauding investors through a Ponzi scheme or multi-level marketing scheme disguised as a cryptocurrency business. Although India currently lacks specific cryptocurrency regulations, the government imposes heavy taxes on cryptocurrency transactions. Gains in virtual digital assets (Vdas) are subject to a 30% tax, and users cannot offset gains with losses as they can with stocks. In addition, the 1% withholding tax (TDS) on digital asset transactions further impacts traders. (PANews)

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Data: The number of USDC in circulation has decreased by about 900 million in the past 7 days For 87 days ending Aug. 1, Circle issued about 2.4 billion USDC, redeemed about 3.3 billion USDC, and reduced its outstanding by about 900 million USDC. Total USDC outstanding was US $32.9 billion, with reserves of about US $33 billion, including US $3.4 billion in cash and US $29.6 billion held by Circle Reserve Fund. (PANews)

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Vitalik: The trough of cryptocurrency utility is over Vitalik Buterin tweeted that the trough of cryptocurrency practicality has passed. From a technical point of view, the biggest development in the last five years is mainly that the scalability problem of blockchain is about to be solved. Vitalik singled out prediction market Polymarket, which he said performed well after interviews this spring and is very happy with its presence on Ethereum. (PANews)

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Senator Lummis introduces Bitcoin Strategic Reserve legislation. (Bitcoin Archive)

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The Bitcoin bill, drafted by US Senator Lummis, allows states to hold bitcoins According to a draft of The bill obtained by The Block, U.S. Sen. Cynthia Lummis, a Wyoming Republican, is pushing legislation called the BITCOIN Act of 2024 (full name: "Optimizing National Investment for Innovation, Technology, and Competitiveness Through 2024 "). The main elements of the bill include: - Establish a "Bitcoin Purchase Program ": purchase no more than 200,000 bitcoins per year for a total of 1 million bitcoins for five years. - Require the U.S. Treasury Department to publish quarterly reports on its website. - Allow states to voluntarily participate in storing bitcoins as part of their reserves, subject to specific security protocol requirements. - Adjustments to gold certificates: Requires the Federal Reserve Banks to submit all outstanding gold certificates to the Secretary of the Treasury within six months of the act's effective date, and the Secretary of the Treasury will then issue new gold certificates to …

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There is a 95.9% probability that the Fed will leave rates unchanged in August According to CME "Fed Watch" : The probability of the Fed leaving rates unchanged in August is 95.9 percent, and the probability of a 25 basis point cut is 4.1 percent. The probability of the Fed leaving rates unchanged by September is 0 percent, the probability of a cumulative 25 basis point cut is 88.7 percent, the probability of a cumulative 50 basis point cut is 11 percent and the probability of a cumulative 75 basis point cut is 75 0.3 per cent. (BlockBeats)

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Coinbase Software Engineer: Cryptocurrencies are essentially a neoliberal technology yuga.eth, a senior software engineer at Coinbase, said in a post on the X platform that he was disappointed to see neoliberals so hostile to cryptocurrencies. Neoliberals are purportedly champions of neoliberalism, the idea that open markets are the foundation of prosperity. Cryptocurrency is essentially a neoliberal (and libertarian) technology: it enables individuals to store value and conduct transactions without a central intermediary. At a time when the dollar-based global monetary order is becoming increasingly unstable, it is critical for the United States to be involved in shaping the strategy for bitcoin and cryptocurrencies.

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If the United States were to buy 1 million bitcoins over the next five years as proposed by Senator Lummis, it would need to buy 547 bitcoins per day. Currently, only 450 new bitcoins are being issued each day. And that doesn't include corporate adoption, institutional investors, state governments and municipalities... In the US alone. Then other countries and their institutions will rush to buy bitcoins. And then individual adoption of Bitcoin grows every day. Continue to accumulate. It will happen sooner than you think... (Bitcoin Archive)

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Robert Kennedy Jr. said that if elected president, he would sign an executive order requiring the United States to buy 550 bitcoins per day to create a reserve of 4 million BTC. (Watcher.Guru)

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Bernstein: Bitcoin miners' power portfolios have huge upside Bitcoin (BTC) miners have significant potential upside from the power portfolio they control, brokerage Bernstein said in a research note on Wednesday. (Coindesk)

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