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Share link:In this post: WLFI started a vote on Independence Day to make the $WLFI token tradable. Early supporter tokens will be partly unlocked if the vote passes, and holders will gain voting rights. Lawmakers are concerned about Trump’s connection to WLFI even though his family now owns less.
Share link:In this post: A United Kingdom court has sentenced Raymondip Bedi and Patrick Mavanga, for their involvement in crypto investment fraud. According to authorities, these men cold-called victims into investing in a fake website run by them. The FCA has reiterated its mission to continue to go after criminal elements in the United Kingdom amid a rise in crime.
Share link:In this post: Microsoft has announced that it will be winding up its operations in Pakistan, marking an end to its presence in the country. The company has promised that it will make customer arrangements so that users will not be affected. Western tech giants struggle in Pakistan amid competition from local and Asian tech firms.
Share link:In this post: A Canadian woman has sued a phone company over the theft of her Bitcoin in a SIM swap scam. Vandenbosch dragged Rogers Communications and Match Transact Inc. to court over their alleged roles in the theft. The victim challenged the previous arbitration ruling, asking the court to apply the new rules retroactively.
Share link:In this post: Russia has set up its register for crypto mining hardware. The government initiative aims to identify illegal mining farms. Moscow wants to bring Russian crypto miners out of the shadows.
- 06:27Fed Rate Cut Expectations May Cool Due to Jackson Hole SymposiumAccording to a report by Jinse Finance, Russell Investments’ Global Chief Investment Strategist, Atelman, noted that the outcome of the upcoming Jackson Hole meeting may differ from market expectations. Atelman stated that Federal Reserve Chair Powell’s speech may not be as dovish as the market anticipates, and mentioned that a rate cut in September is “possible,” with the expected cut being 25 basis points rather than 50 basis points. (Jin10)
- 06:16Circle’s Layer-1 Blockchain Arc to Integrate with FireblocksAccording to Jinse Finance, the soon-to-be-launched Arc blockchain by Circle will be integrated with Fireblocks, providing custody and compliance tool support for banks and asset management institutions immediately after the network goes live. Arc is a Layer-1 blockchain designed by Circle, the issuer of the USDC stablecoin. It is expected to launch its public testnet this fall and aims for full deployment by the end of 2025.
- 06:07US Spot Ethereum ETFs Now Hold Over 5% of ETH SupplyAccording to Jinse Finance, The Block reports that on-chain data shows U.S. spot Ethereum ETFs hold 6.3 million ETH (approximately $26.7 billion) in on-chain assets, accounting for nearly 5.1% of Ethereum's current total supply.