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The Daily: Ethereum Foundation's financial report, Japan's megabanks' stablecoin trial, spot Bitcoin ETFs continue to bleed and more
The Daily: Ethereum Foundation's financial report, Japan's megabanks' stablecoin trial, spot Bitcoin ETFs continue to bleed and more

The Ethereum Foundation plans to release a financial report “relatively soon” to address community concerns surrounding its spending, according to researcher Justin Drake.Japan’s three major banks, MUFG, SMBC and Mizuho, are set to test a cross-border stablecoin transfer platform dubbed “Project Pax.”U.S. spot Bitcoin ETFs saw $211.1 million in net outflows on Thursday, marking the seventh consecutive day of negative flows totaling over $1 billion.The following article is adapted from The Block’s newslette

The Block·2024/09/06 17:15
DOGS Price Surge: 40 Billion Tokens Airdropped in 48 Hours – Is a Bigger Rally Ahead?
DOGS Price Surge: 40 Billion Tokens Airdropped in 48 Hours – Is a Bigger Rally Ahead?

DOGS has dipped after its team airdropped 40 billion tokens over the past two days, yet its recent momentum should help it recover soon.

CryptoNews·2024/09/06 16:30
US Fed Issued Cease and Desist Order Against Crypto-Friendly United Texas Bank
US Fed Issued Cease and Desist Order Against Crypto-Friendly United Texas Bank

UTB faces a 90-day deadline to overhaul its AML and risk management programs, following an investigation into its crypto clientele practices.

Cryptopotato·2024/09/06 16:00
Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'
Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'

Bitcoin fools traders up and down as BTC price volatility accompanies the week's final US employment data release.

Cointelegraph·2024/09/06 15:00
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