Ethereum’s ability to host a wide-range of applications and assets has been evident for years, but the investment case for its native token, ETH, has become increasingly complex. In the wake of key protocol changes, particularly the hardforks activating EIP-1559 and EIP-4844, investors are asking how Ethereum’s adoption will translate into ETH’s long-term value. Source
A bank would use Visa’s new platform to purchase tokenized RWAs such as commodities or bonds with near-real-time settlement, using a token, the statement said. One of the first financial institutions to use VTAP will be Spanish bank BBVA, who expects to rollout a live pilot in 2025. Source
Huddle01, which previously had raised about $6 million in traditional fundraisings from investors including Hivemind, Balaji Srinivasan, Stani Kulechov, Dan Romero and Juan Benet, describes itself in the litepaper as “a fully decentralized, self-sovereign, borderless and open network that will provide the necessary framework for performant, cost-effective and censorship-resistant real-time connectivity.” Source
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BTC broke $64,000 in late U.S. hours Tuesday as traders pushed the chances of a second consecutive 50 basis point rate Fed rate cut to 61%. PLUS: Floki fundamentals fuel a price surge. Source
Binance, the world’s largest cryptocurrency exchange, has helped India’s Enforcement Directorate (ED), the authority investigating financial crimes, in the arrest of four individuals in a gaming scam worth $47.6 million, the exchange said on Wednesday. Source
In contrast, the Republican campaign has a specific crypto policy, which says it will “end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency”. Also, it promises to “defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets.” Source
Shortly after, the latest figures showed a sizable jump in the U.S. M2 money supply in August. The combination of easier China and U.S. monetary policies and rising money supply appeared to be the catalyst for bitcoin’s sustained rise throughout afternoon trading. Gold too, liked the news, jumping 1.4% to yet another record high of $2,690 per ounce. Source
Nevertheless, FTX was one of the greatest financial frauds ever perpetrated in this country, he noted, and cooperation wasn’t enough to spare Ellison a spot in prison. “In a case this serious, to be literally a ‘get out of jail free’ card is not something I can see my way through to,” Kaplan said, before asking Ellison to rise and receive her sentence of 24 months in prison. Because the crime is federal, Ellison will serve at least 75% of her sentence before being eligible for parole. Source
“TrueCoin and TrustToken sought profits for themselves by exposing investors to substantial, undisclosed risks through misrepresentations about the safety of the investment,” said Jorge G. Tenreiro, acting chief of the SEC’s Crypto Assets & Cyber Unit, in a statement. “This case is a prime example of why registration matters, as investors in these products continue to be deprived of the key information needed to make fully informed decisions.” Source