The Block
The German government once again moved bitcoin to Bitstamp, Kraken and Coinbase.
The German government received back 2442 bitcoins late last night.More than 10,853 bitcoins (worth $637.7 million at the time) were originally transferred out yesterday.
Wednesday’s net inflows marked a fourth consecutive day of positive fund flows on spot bitcoin ETFs in the U.S.Fidelity’s FBTC led the inflows with $58 million.
Quick Take Former U.S. President Donald Trump was announced as one of the speakers at the upcoming Bitcoin 2024 conference in Nashville. Since earlier this year, Trump has actively endorsed the crypto industry.
Quick Take Consensys founder Joe Lubin said U.S. regulators “were asleep at the wheel” and allowed “opportunistic” actors the chance to influence crypto policy. Despite that, Lubin said he believes “real headway” is being made with regulators, due in part to the upcoming US elections
Quick Take Vitalik Buterin pushes for Ethereum to respond to 51% attacks in a more automated way. The German government continues bitcoin transfers, moving $638 million to various entities today. Starknet token staking proposed to hit mainnet by the fourth quarter of 2024. The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take The U.S. Department of Energy is once again working to develop a survey seeking information on Bitcoin mining’s energy footprint. The Energy Information Administration, the DoE’s statistics unit, solicited public feedback in a meeting today. The agency’s initial “emergency collection of data request” was withdrawn after industry participants sued.
Quick Take Sen. Stabenow, D-Mich., who chairs the Senate Agriculture Committee, said she plans to send language about her crypto bill to fellow members this week. Stabenow is looking to advance legislation regulating crypto and giving the CFTC regulatory authority over digital commodities.
Quick Take The protocol has generated 611.03 ETH in revenue, demonstrating its potential for value creation within the ecosystem. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Tread.fi has raised $3.5 million in a pre-seed funding round. The startup offers an algorithmic crypto trading platform for institutional investors.
