Hodler’s Digest, September 14 to 20 – Cointelegraph magazine

The best stories of the week

Vitalik ButeriN finally repel after wEEKS of the query queue

The co-founder of Ethereum, Vitalik Buterin, finally responded to certain concerns concerning the extension of the queue queue of Ethereum, which has now increased to 45 days.

His response came after Galaxy Digital’s Defi chief Michael Marcantonio qualified the length of the “troubled” queue in X messages and compared it to Solana, which only requires two days to detach. He has since deleted messages.

“Clearly how a network that takes 45 days to return the assets can serve as a suitable candidate to feed the next era of the world capital markets,” he added.

40% of Americans would use deffi with laws in place: Crypto Lobby Poll

According to a recent survey, more than 40% of Americans are open to the use of decentralized financing protocols (DEFI) if proposed legislation is made in law.

Crypto Lobby Group The Defi Education Fund found in a survey published Thursday that many Americans “are curious about Defi” because the respondents reported low confidence in the traditional financing system.

The investigation was carried out by Ipsos between August 18 and 21, with 1,321 American adults interviewed. The main vice-president of public affairs of Ipsos, Alec Tyson, said that the study revealed that “emerging awareness of cryptocurrency and decentralized finance, because many Americans express frustrations with the capacity of current financial institutions to offer security, personalized control and flexibility.”

The survey showed that 42% said they would likely try to define if proposed legislation was adopted, divided between 9% which said they were “extremely or very likely” and 33% who replied that they were “a little likely” to try.

Graycale is preparing to put ether funds in the middle of the position of the dry: Arkham

Grayscale, responsible for cryptocurrency assets, is preparing to accumulate part of its holding ether masses, a decision that could point out that American regulators will soon allow you to mark out in negotiated products on the stock market.

Arkham Intelligence ONCHAIN ​​data showed that gray levels have transferred more than 40,000 Ether on Thursday, an activity in accordance with positioning for rewards. Arkham noted that if it was confirmed, Grayscale would be the first ETF sponsor of American ETF to mark out her assets.

Ethereum Trust de Graycale (ETHE) manages more than 1.06 million ETH, worth more than $ 4.8 billion. The company launched Ethe in 2017 as a private investment vehicle and, in 2024, deployed the Ethereum mini-fidtleness at a lower cost thanks to a partial spin-off of Ethe assets.

American legislators contest dry on Tron IPO, press the probe on Justin Sun

Two members of the Congress called on the American Securities and Exchange (SEC) commission to answer questions that may have an impact on how crypto companies are making public on American trade.

In a letter of Wednesday to the president of the SEC, Paul Atkins, and an acting director of the financing division of companies of the Cicely Lamothe Commission, Senator Jeff Merkley and the representative Sean Casten questioned the agency’s calendar on the abolition of an application against the founder and CEO of Tron Justin Sun.

The founder of Tron had been confronted with a legal action filed by the SEC in 2023 for allegations to offer unregistered titles, but the agency asked for a suspension in the case in February, a month after the departure of former president Gary Gensler.

Gary Gensler doubles the cryptographic approach in the middle of the sea change

In one of his rare appearances with the media since who left the Securities and Exchange Commission (SEC) of the United States in January, Gary Gensler suggested that he had no regrets about his approach to the application of the crypto during his four years at the agency.

In an interview on Wednesday, Sara Eisen of CNBC asked the former president of the SEC to respond to the agency under Paul Atkins “reversing a large part of what (he) did” concerning Crypto policies, affirming that many investors were “ecstatic” that he no longer managed the commission.

Gensler said he was “proud” of his time at the dry, that he had made the right decisions concerning the regulation of digital assets and reiterated his claims that the crypto was a “very speculative and very risky asset”.

“We are constantly trying to guarantee the protection of investors,” said Gensler, with regard to the measures to apply the dry against cryptographic companies while he was president. “And in the midst of that, we had a lot of fraudsters: watch Sam Bankman Frit, and he was not alone.”

Winners and losers

At the end of the week, Bitcoin (BTC)) is $ 115,973, Ether (Ethn)) at $ 4,421 and Xrp at $ 2.98. Total market capitalization is $ 4.04 billions, according to CoinmarketCap.

Among the 100 largest cryptocurrencies, the three main Altcoin winners of the week are ASTER (ASTER) at 1,286.19%, unchanging (Imx) at 23.54% and history (IP) at 9.71%.

The three main Altcoin losers of the week are Myx Finance (Myx) At 18.20%, Fartcoin (Fartcoin) at 18.20% and SPDX6900 (SPX) at 17.79%.

For more information on cryptography prices, be sure to read Cointelegraph market analysis.

Most memorable quotes

“We have to migrate the bitcoin to a quantum -resistant signature scheme.”

Anatoly YakovenkoCo-founder of Solana

“I might say a 70% draw of everything that the top every time ends.”

Benjamin CowenFounder of Into The Cryptoverse

“The poor are poor because they have no idea what real money is. And so our academic system, you know, my poor father, the teachers, they indoctrine and they form children, young people even today to work for false money. ”

Robert Kiyosakiauthor of Rich dad, poor daddy

“The removal of tweets does not change the fact that the guy is their” fixed chief “and does not understand the very bases of this industry and cares more about Fudding Ethereum than with real truth.”

Anthony SassanoIndependent Ethereum educator

“The recent collapse in the MNAV DAT will probably stimulate the differentiation and consolidation of the market.”

Standard chartered

“You can’t just come suddenly and knock on their door and say Uh-Uh, we have caught you, you do something and it’s a technical violation.”

Paul AtkinsChairman of the American Commission for Securities and Exchange

Superior prediction of the week

Crypto ready for the mode “ up only ” Once we tga reaches a target of $ 850 billion: Arthur Hayes

Cryptographic markets will enter into “UP only” mode once the US Treasury has reached its target objective of fulfilling the general account (TGA), the bank account of the Treasury Department, with $ 850 billion, according to Arthur Hayes, co-founder of Bitmex Crypto Exchange.

“With this full liquidity drain, the recovery can resume,” Hayes wrote on Friday while the opening balance of the United States TGA has crossed $ 807 billion. When the Treasury fills its general account, funds are generally sequestrated and do not circulate on the private markets.

However, not all analysts were convinced by the prediction of Hayes that liquidity will flow into the financial markets once the US Treasury has achieved its objective.

Top Fud of the week

NBA Kevin’s star recovers the Coinbase account after almost 10 years

Almost 10 years after buying Bitcoin on Coinbase, the NBA superstar, Kevin Durant, found access to his assets thanks to a resumption of the finished account.

The news was announced via an X post from the CEO of Coinbase, Brian Armstrong on Thursday evening. “We got this fixed. Rection of the account is finished! ”Wrote Armstrong.

During, an All-Star NBA at 15 times that will be suitable for the Houston Rockets this season, shared the history of its Bitcoin lost Tuesday at the annual match of the match plan in Santa Monica.

Appearing alongside his agent, Rich Kleiman, during the host Andrew Ross Sorkin that around 2014 or 2015, he discovered Bitcoin by watching YouTube videos and gave his agent “a little boost”.

Bitcoin can go “boring” while institutional interest increases: Michael Saylor

Bitcoin becoming more attractive for institutional investors can be done at the price of the thrill which attracts certain retail investors, according to the executive president of the strategy Michael Saylor.

“You want volatility to decrease so that mega institutions feel comfortable entering space and size,” said Saylor Currency Podcast published on YouTube Friday.

“The enigma is, well, if the mega institutions will enter, if volatility decreases, it will be boring for a while, and because it is boring for a while, the rush to the adrenaline of people will drop,” said Saylor.

FTX Recovery Trust to unlock $ 1.6 billion for creditors in September

The FTX Recovery Trust, the entity supervising the distribution of Crypto Exchange bankruptcy funds, announced a third distribution tranche for creditors, worth around 1.6 billion dollars.

According to an announcement on Friday, the distribution is scheduled for September 30 and the creditors should receive funds in their accounts within three working days following the date of payment.

The third distribution includes a payment of 6% for complaints from DOTCOM customers, a distribution of 40% for American claims for customer rights and a distribution of 24% for general -guaranteed general complaints and complaints for the loan of digital assets. Convenience complaints will receive a reimbursement of 120% as part of the September payment.

Top Magazine Histories of the week

7 reasons why Bitcoin extraction is a terrible commercial idea

Bitcoin extraction is an increasingly difficult way to earn money. Sam Bit Digital Tabar and General Analyst Kenobi explain how difficult it is.

XRP is the most efficient asset in Thailand, Shanghai Dumps Fil: Asia Express

XRP beats Bitcoin and Gold yields in Thailand, a stablecoin in Chinese Offshore Yuan is launching in Kazakhstan, and more.

Bitcoin mining industry “ will be died in 2 years’: Bit digital CEO

Even Michael Saylor would agree that Bitcoin exploitation is a “terrible” company. Commercial minors are facing rigid opposite winds with the next reduction in half.

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Editorial

The editors and journalists of Cintelelelegraph magazine contributed to this article.