🚀 Russia Legalizes Bitcoin Mining, Boosting Investor Interest and Tax Revenue
#Russia #Bitcoin #Mining #Cryptocurrency #Investment #TaxRevenue #Legalization #EconomicActivity #BTC
According to BlockBeats, on September 6, Sergey Bezdelov, Director of the Russian Industrial Mining Association, disclosed that Russia mined approximately 54,000 BTC last year, valued at over $3 billion. These mining activities generated around 50 billion rubles (approximately $556 million) in tax revenue for the Russian government.
Bezdelov believes that the recent legalization of cryptocurrency mining will increase investor interest and further boost tax revenue. In July, the Russian State Duma passed a bill legalizing Bitcoin mining and allowing the use of cryptocurrencies in international trade. This move establishes cryptocurrency mining as a legitimate economic activity, requiring legal entities to register or comply with specific energy consumption limits.#Russia #Bitcoin #Mining #Cryptocurrency #Investment #TaxRevenue #Legalization #EconomicActivity #BTC
🚀 CoinDesk 20 Index Sees Positive Movement With Majority Of Assets Trading Higher
#CoinDesk20 #Index #Cryptocurrency #SOL #RNDR #NEAR #XRP #MarketTrends #UpwardMovement
According to CoinDesk, the CoinDesk 20 Index has shown a positive trend, currently trading at 1789.35, which marks a 1.0% increase (+18.35) from the previous day's close. Out of the 20 assets in the index, 18 are trading higher, indicating a general upward movement in the market. Leading the gains are SOL, which is up by 3.0%, and RNDR, which has increased by 2.6%. On the other hand, NEAR and XRP are the laggards, with NEAR down by 0.8% and XRP decreasing by 0.4%. The CoinDesk 20 Index is a comprehensive index that is traded on multiple platforms across various regions globally.#CoinDesk20 #Index #Cryptocurrency #SOL #RNDR #NEAR #XRP #MarketTrends #UpwardMovement
🚀 Grayscale Reports First Month Performance of Ethereum Mini Trust
#Grayscale #EthereumMiniTrust #Ethereum #ETP #crypto #investment #finance #ETH
According to Odaily, Grayscale has released the first-month performance report of its Ethereum Mini Trust on the X platform. The report highlights several key metrics since the fund's inception on July 23. The Ethereum Mini Trust has traded over $1.25 billion in value. Additionally, the trust saw inflows amounting to $235 million in its first month. Notably, the Ethereum Mini Trust offers the lowest bid-ask spread among similar Ethereum ETP products, averaging $0.010 per share.#Grayscale #EthereumMiniTrust #Ethereum #ETP #crypto #investment #finance #ETH
🚀 VanEck To Close And Liquidate Ethereum Futures ETF
#VanEck #Ethereum #FuturesETF #liquidation #ETF #investors #shareholders #assets #market #trading #ETH
According to Odaily, ETF issuer VanEck has announced plans to close and liquidate its Ethereum Futures ETF. The board of VanEck ETF Trust has approved the liquidation and dissolution of the fund. VanEck stated that it continuously monitors and evaluates its ETF products based on various factors, including performance, liquidity, assets under management, and investor interest. The decision to liquidate the fund was made after analyzing these factors and other operational considerations.
Shareholders of the fund can sell their shares on the fund's listing exchange until the market closes on September 16, 2024 (UTC+8), although they may incur brokerage transaction fees. After the market closes on September 16, 2024, the fund's shares will no longer be traded on the listing exchange and will subsequently be delisted. The expected liquidation date of the fund is around September 23, 2024, at which time shareholders who still hold shares will receive a cash liquidation distribution in the cash portion of their brokerage accounts, equal to the net asset value of their shares.#VanEck #Ethereum #FuturesETF #liquidation #ETF #investors #shareholders #assets #market #trading #ETH
🚀 Bitcoin(BTC) Drops Below 55,000 USDT with a 3.33% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #binance #marketdata #priceupdate #decrease
On Sep 06, 2024, 14:17 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 55,000 USDT and is now trading at 54,942.019531 USDT, with a narrowed 3.33% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #binance #marketdata #priceupdate #decrease
🚀 Bitcoin Falls Below $55,000 with a 3.25% Drop in 24 Hours
#Bitcoin #Crypto #Cryptocurrency #PriceDrop #MarketNews #BTC
According to BlockBeats, on September 6, Bitcoin's price fell below $55,000. The current price stands at $54,982, marking a 3.25% decrease over the past 24 hours.#Bitcoin #Crypto #Cryptocurrency #PriceDrop #MarketNews #BTC
🚀 USDC Treasury Destroys 50 Million USDC on Ethereum
#USDC #Treasury #Ethereum #WhaleAlert #cryptocurrency #blockchain
According to Odaily, Whale Alert has reported that the USDC Treasury destroyed 50 million USDC on the Ethereum blockchain today at approximately 22:34 UTC+8.#USDC #Treasury #Ethereum #WhaleAlert #cryptocurrency #blockchain
🚀 Justin Sun Announces Completion Of $12 Million SUN Token Burn
#JustinSun #SUNToken #TokenBurn #SunPump #Blockchain #Cryptocurrency
According to BlockBeats, on September 6, Justin Sun announced on X that SunPump has completed the destruction of $12 million worth of SUN tokens.
Previously, on September 4, Justin Sun had reported that SunPump had completed an $8 million SUN token burn, with an additional $4 million burn planned. This recent announcement confirms the completion of the entire $12 million burn.#JustinSun #SUNToken #TokenBurn #SunPump #Blockchain #Cryptocurrency
🚀 Catizen Users Comprise 22.4% Of Telegram's Paid User Base
#Catizen #Telegram #PaidUsers #ForesightNews #PavelDurov #ARPPU #UserBase
According to Foresight News, Telegram CEO Pavel Durov announced that out of Telegram's 10 million paid users, Catizen users account for 22.4%, totaling 2.24 million users. Among these, over 750,000 are additional paid users within the Catizen application ecosystem, with an average revenue per paying user (ARPPU) of $33.#Catizen #Telegram #PaidUsers #ForesightNews #PavelDurov #ARPPU #UserBase
🚀 Federal Reserve Governor Waller Suggests Timing Is Right For Rate Cuts
#FederalReserve #RateCuts #InterestRates #ChristopherWaller #LaborMarket #PolicyDecisions #EconomicData
According to Odaily, Federal Reserve Governor Christopher Waller has indicated that the time is right to begin lowering policy interest rates at the upcoming meeting. Waller noted that recent data over the past three days show a slowdown in the labor market, although it has not deteriorated. This assessment is crucial for the forthcoming policy decisions. If conditions are appropriate, Waller supports an 'early' rate cut.#FederalReserve #RateCuts #InterestRates #ChristopherWaller #LaborMarket #PolicyDecisions #EconomicData
🚀 Bitcoin Price Movements Could Trigger Significant Liquidations
#Bitcoin #PriceMovements #Liquidations #CEX #Coinglass #Trading #CryptoMarket #BTC
According to BlockBeats, data from Coinglass on September 6 indicates that if Bitcoin falls below $53,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) will reach $597 million. Conversely, if Bitcoin surpasses $56,000, the cumulative liquidation intensity of short positions on major CEX will reach $510 million.
BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or the precise value of liquidated contracts. Instead, the bars on the liquidation chart represent the relative importance of each liquidation cluster compared to adjacent clusters, indicating intensity.
Therefore, the liquidation chart illustrates the extent to which the underlying price reaching a certain level will be affected. Higher 'liquidation bars' suggest that once the price reaches that level, there will be a more intense reaction due to the liquidity wave.#Bitcoin #PriceMovements #Liquidations #CEX #Coinglass #Trading #CryptoMarket #BTC
🚀 Starknet Announces First Mainnet Vote for STRK Holders
#Starknet #STRK #mainnet #vote #staking #cryptocurrency #ForesightNews
According to Foresight News, Starknet has announced that the first mainnet vote for STRK holders will commence in four days, on September 9. STRK holders will have the opportunity to vote on key parameters related to STRK staking, including the minting mechanism and protocol adjustments. It is essential for STRK holders to delegate or self-delegate their STRK before the vote, as a snapshot will be taken prior to the start of the voting process.#Starknet #STRK #mainnet #vote #staking #cryptocurrency #ForesightNews
🚀 US Interest Rate Futures Rise After Fed Governor Waller's Speech
#USInterestRates #FuturesMarket #FederalReserve #ChristopherWaller #InterestRateCut #Economy
According to BlockBeats, on September 6, US interest rate futures surged following a speech by Federal Reserve Governor Christopher Waller. The current pricing indicates that the Federal Reserve is expected to cut interest rates by 50 basis points in September.#USInterestRates #FuturesMarket #FederalReserve #ChristopherWaller #InterestRateCut #Economy
🚀 Ethereum(ETH) Drops Below 2,300 USDT with a 3.72% Decrease in 24 Hours
#Ethereum #ETH #USDT #Cryptocurrency #MarketData #Binance #PriceDrop #Trading
On Sep 06, 2024, 15:18 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,300 USDT and is now trading at 2,292.969971 USDT, with a narrowed 3.72% decrease in 24 hours.#Ethereum #ETH #USDT #Cryptocurrency #MarketData #Binance #PriceDrop #Trading
🚀 Bitcoin(BTC) Drops Below 54,000 USDT with a 4.52% Decrease in 24 Hours
#Bitcoin #BTC #USDT #Binance #Cryptocurrency #MarketData #PriceDrop
On Sep 06, 2024, 15:20 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 54,000 USDT and is now trading at 53,984.71875 USDT, with a narrowed 4.52% decrease in 24 hours.#Bitcoin #BTC #USDT #Binance #Cryptocurrency #MarketData #PriceDrop
🚀 Bitcoin Withdrawals Surge Despite Price Decline
#Bitcoin #Withdrawals #PriceDecline #Cryptocurrency #Investing #BTC #Blockchain
According to Odaily, monitoring data from IntoTheBlock reveals that this week, $728 million worth of Bitcoin was withdrawn from exchanges. Despite the decline in Bitcoin prices, the number of addresses holding between 100 to 1,000 BTC continues to grow.#Bitcoin #Withdrawals #PriceDecline #Cryptocurrency #Investing #BTC #Blockchain
🚀 Analyst Comments on Market Reaction to Waller's Speech
#marketreaction #WallerSpeech #ratecuts #economyexpansion #FOMC #inflationtarget #employmentdata #financialanalysis
According to Odaily, analyst Cameron Crise noted that the highly anticipated speech by Waller caused market fluctuations. One of the notable statements was his willingness to support strong action or early rate cuts if necessary. However, the market overlooked the significance of the word 'if' in his statement. Waller spent a considerable portion of his speech explaining why he remains optimistic about the continued expansion of the economy, why the Sam rule is descriptive rather than predictive, and how the type of shock that typically triggers a recession has not yet occurred. He indicated that more data is needed to determine the extent and pace of easing, suggesting that policymakers have not yet decided on the level of aggressiveness. Combining these remarks with earlier comments from Williams, there is still no convincing evidence that the FOMC will cut rates by 50 basis points. Additionally, Waller mentioned that during a series of rate cuts by the Federal Reserve, he believes there is enough room to lower policy rates while still maintaining some degree of restriction to ensure inflation continues towards the 2% target. This is reflected in employment data, and to some extent, the initial market reaction seemed somewhat exaggerated.#marketreaction #WallerSpeech #ratecuts #economyexpansion #FOMC #inflationtarget #employmentdata #financialanalysis
🚀 Former Wemade CEO Resigns Amid Wemix Issuance Manipulation Allegations
#Wemade #CEO #JangHyunguk #Wemix #resignation #investigation #cryptocurrency
According to Foresight News, former Wemade CEO Jang Hyun-guk, who was under investigation for allegedly manipulating the issuance volume of Wemix, resigned from his position in March. The company is now operating under the sole leadership of CEO Lee Gil-hyun.#Wemade #CEO #JangHyunguk #Wemix #resignation #investigation #cryptocurrency
🚀 Prom Announces Launch of Testnet V2 on September 9
#Prom #TestnetV2 #zkEVM #Layer2 #blockchain #cryptocurrency #ForesightNews #PROM
According to Foresight News, the modular zkEVM Layer2 network Prom has announced that its Testnet V2 will launch on September 9 at 18:00 UTC+8. The new version will retain the same logic and mechanisms as V1, allowing users to continue performing tasks to increase their scores.#Prom #TestnetV2 #zkEVM #Layer2 #blockchain #cryptocurrency #ForesightNews #PROM
🚀 BNB Drops Below 490 USDT with a 1.51% Decrease in 24 Hours
#BNB #cryptocurrency #Binance #USDT #marketdata #pricealert #trading
On Sep 06, 2024, 16:20 PM(UTC). According to Binance Market Data, BNB has dropped below 490 USDT and is now trading at 489.399994 USDT, with a narrowed 1.51% decrease in 24 hours.#BNB #cryptocurrency #Binance #USDT #marketdata #pricealert #trading