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The BNB Foundation has completed the 28th quarterly token burn on the BNB Chain, further reducing the total supply of BNB tokens. The burn saw a total of 1,643,698.8 BNB tokens being removed from circulation, BNB Chain said in a Monday blog post. The platform added that the approximate value of the tokens stood at around $971 million at the time of the burn.
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The Chicago Board Options Exchange (CBOE) has confirmed the launch of spot Ethereum exchange-traded funds (ETFs) next week. The cryptocurrency market is set to witness a major milestone as spot Ethereum ETFs are slated to begin trading on the CBOE next week. 21Shares Core Ethereum ETF (CETF) Fidelity Ethereum Fund (FETH) Franklin Ethereum ETF (EZET) Invesco Galaxy Ethereum ETF (QETH) VanEck Ethereum ETF (ETHV)
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https://warpcast.com/smartarena/0x03876000
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GN, World 🫶
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Crypto is ‘Ideal Policy Area’ for Donald Trump’s VP Pick J.D. Vance to Take the Lead On Industry experts and commenters seem to agree that J.D. Vance, the US Vice President pick made by the former President and current Presidential hopeful, Donald Trump, is good news—at least for crypto, at least for now. Donald Trump, who was recently found guilty of 34 counts in a Manhattan court, is back on the campaign trail for the 2024 US elections. This week, the presumptive GOP nominee chose a Trump-critic-turned-Trump-supporter, Ohio Senator J.D. Vance, as his running mate. As was the case with Trump himself, the crypto space has now turned its attention to the VP hopeful and his possible impact on the industry. According to Dylan Bane, Enterprise research analyst at blockchain analytics and research firm Messari, “while much is still uncertain in this unprecedented election, Vance seems to bode well for the crypto industry.”
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Tron founder Justin Sun Buys 1,614 ETH Worth $5 Million USDT The recent ETH purchases coincide with preparations ahead of the anticipated approval of a spot Ether ETF by the end of July. Spot on Chain, an on-chain data provider, also noted Sun’s deposit of 45 million USDT to Binance, suggesting potential future Ethereum acquisitions. Meanwhile, Ethereum whale activity has surged, with notable deposits and transactions. The Golem Project, for instance, made significant ETH deposits to Binance but has reportedly ceased selling while staking 40,000 ETH. Elwood Technologies followed suit by depositing 26,811 ETH, valued at over $84 million, to Binance within the last three days. However, withdrawals of 24,463 ETH from Elwood-related addresses on Binance were also observed during the same period.
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Owing to its proof-of-work (PoW) consensus mechanism, Bitcoin is dual-natured. It is a digital asset anchored into the physical reality of energy and hardware. This underlying foundation gives Bitcoin its value as a decentralized counter to central banking.
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BlackRock’s Head of Thematic & Active ETFs, Jay Jacobs, recently noted that Bitcoin is a “potential hedge against geopolitical and monetary risks”. By now, most people are aware that central banks’ ability to tamper with the money supply brings many moral hazards, from record-breaking budgetary deficits to inflation as an extra layer of taxation to cover those wild spending sprees.
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Half a year after Bitcoin ETFs launched, it is safe to say that they have been the most successful ETF launch in history, having generated a $309.53 billion volume. Just within the first day of trading, spot-traded Bitcoin ETFs pulled in $4 billion, crushing the previous record holder, Gold ETF (GLD), which took 3 days to top $1 billion in inflows.
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Hello, world! 🥰 🥰
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