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- 01:18Data: Ethereum Foundation has sold a total of 21,000 ETH in the past three monthsChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the Ethereum Foundation's DeFi multi-signature wallet sold 1,000 ETH for 4.508 million DAI in the past 7 hours, at a selling price of $4,508. In the past three months, the Ethereum Foundation has sold 21,000 ETH, worth $72.94 million: on July 11, it sold 10,000 ETH (worth $25.73 million) OTC to SharpLink at a price of $2,573; on September 3, it transferred 10,000 ETH (worth $42.7 million) to an exchange for sale; on October 4, it sold 1,000 ETH (worth $4.51 million) on-chain at a price of $4,508. According to previous reports, the Ethereum Foundation planned to convert 1,000 ETH into stablecoins to fund research, grants, and donation projects.
- 01:18Nate Geraci: Over 30 cryptocurrency ETFs have submitted applications to the US SECChainCatcher news, Nate Geraci, president of investment advisory firm NovaDius Wealth Management, tweeted that more than 30 crypto-related ETFs have submitted applications to the U.S. Securities and Exchange Commission. He predicted that this is just the beginning, stating, "Any crypto ETF you can think of will submit an application to the SEC in the coming months."
- 01:05US judge dismisses lawsuit against Yuga Labs, rules that ApeCoin and BAYC NFT do not constitute securitiesChainCatcher News, according to Cointelegraph, a US judge has dismissed the lawsuit filed by investors against Web3 company Yuga Labs, ruling that the case failed to prove that NFTs meet the legal definition of securities. Judge Fernando M. Olguin ruled that the plaintiffs failed to demonstrate how Bored Ape Yacht Club (BAYC), ApeCoin, or other NFTs sold by Yuga meet the three criteria of the Howey Test. The Howey Test is the standard used by the US SEC to determine whether a transaction constitutes an investment contract. The lawsuit was originally filed in 2022. Olguin stated that Yuga Labs marketed its NFTs as digital collectibles and provided membership benefits to exclusive clubs, making them consumer goods rather than investment contracts. "The defendants promised that NFTs would bring future rather than immediate consumption benefits, but this does not transform these benefits from a consumption nature to an investment nature."