The Block
Quick Take The Ethereum Foundation has sold over $10 million worth of ether this year, according to on-chain data posted by Lookonchain. The foundation has recently been criticized for large transfers of ether, while some in the community demand more transparency.
Quick Take U.S. lawmakers are on recess now until after the election, leaving just the lame-duck session to pass bills. Stablecoin legislation could pass under a “best case scenario,” TD Cowen Washington Research Group’s Jaret Seiberg said on Monday. Senate Banking Committee Chair Sherrod Brown’s Ohio race also adds another wrinkle to passing crypto bills.
Quick Take World Liberty Financial, the DeFi project being launched with the backing of the Trump family, has opened up KYC verification on its official website. On Sept. 16, it was confirmed that World Liberty Financial would sell a non-transferable governance token called WLFI.
MicroStrategy has upsized its latest convertible senior note offering from $1.75 billion to $2.6 billion.The firm intends to use the net proceeds from the offering to “acquire additional bitcoin and for general corporate purposes.”
Quick Take A child launched a memecoin via Pump.fun and then sold their tokens early for a five-figure profit. However, the crypto community subsequently jumped on the token, temporarily sending it to a market cap of more than $100 million.
QCP Capital analysts remain optimistic for continued risk-on sentiment in equities and bitcoin following a robust September, driven by economic stimulus in China and the Federal Reserve’s recent monetary policy shift.Historically, a positive September has resulted in bitcoin finishing higher in October, November and December, according to Coinglass data.
Quick Take Bithumb, South Korea’s second largest cryptocurrency exchange, said Monday that it is reviewing the option to list on the Nasdaq, according to a local South Korean report. Bithumb has reportedly been preparing for an IPO in the latter half of 2025.
In an interview with Bernstein, CleanSpark CEO Zach Bradford expects bitcoin to reach a peak of just under $200,000 sometime in the next 18 months.Bradford also said that pure-play Bitcoin miners are currently underrated compared to rivals diversifying into AI.
Quick Take The Ethena community is discussing a proposal to integrate Ethereal DEX into Ethena’s reserve management. The proposal includes distributing 15% of any potential Ethereal governance tokens to Ethena token holders.
