Review of the past week:
| August 21, 2024 |
BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined. Read more |
| August 21, 2024 | Mt Gox scam Exchange has compensated 19,000 customers out of 24,000
Following multiple repayments in July 2024, on August 21, 2024, the Rehabilitation |
| August 23, 2024 | Fed Chairman Jerome Powell announced plans to move to a rate cut
Federal Reserve Chair Jerome Powell gave his strongest signal yet that rate cuts are coming soon, saying the Fed intends to act to stave off weakening in the labor market. Read more |
| August 24, 2024 | The Ethereum Foundation has sent 35,000 ETH ($94 million) to the Kraken crypto exchange
“This is part of our treasury management activities. EF has a budget of ~$100 million per year, which is largely made up of grants and salaries, and some of the recipients are only able to accept in fiat.” Read more |
| August 24, 2024 | Telegram creator Pavel Durov arrested in France
Pavel Durov, the billionaire behind Telegram, just got himself arrested in France. This went down on Saturday night at Bourget airport, right outside of Paris. Read more |
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Best regards,
FYBIT team
