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An SEC official has stated that they received death threats over regulatory positions, highlighting the crypto community's opposition to regulators. Meanwhile, Bitcoin ETF inflows have reversed the market downturn, and the Ethereum ecosystem is facing challenges, with the Layer 2 sybil attack exacerbating the mainnet's predicament.
Ethereum’s transaction fee revenue has dramatically decreased, primarily due to a drop in Layer 2 activity and the NFT market slowdown. ETH’s price also follows a sharp downward trend, falling 58.8% from its all-time high.
Share link:In this post: Frank Founder Charlie Javice could receive a 30-year prison sentence for fraud. JPMorgan Chase claims Javice and Amar fabricated data to get them to close the deal. Javice’s legal team believes the bank was more interested in her expertise than Frank’s user data.
- 12:59UK AI Firm Satsuma Technology Raises $135 Million to Establish Bitcoin TreasuryOdaily Planet Daily reported that London-based artificial intelligence company Satsuma Technology has raised £100 million (approximately $135 million) to establish a Bitcoin treasury, setting a new record for Bitcoin treasury fundraising in the UK.The company stated that it has successfully raised more than its target amount and expects all committed funds to be in place within the next two weeks. If all funds are converted into Bitcoin, this acquisition will make Satsuma the second-largest corporate Bitcoin holder in the UK, second only to The Smarter Web Company, which holds 1,600 BTC (worth about $190 million). (Cointelegraph)
- 12:39BitMine: Total ETH Holdings Reach 566,776, Valued at Over $2 BillionAccording to Jinse Finance, BitMine Immersion Technologies (BitMine), a company listed on the New York Stock Exchange, announced that as of 11:59 PM (UTC+8) on July 23 Eastern Time, the company held a total of 566,776 ETH, with the total value of its holdings surpassing $2 billion. In addition, the company stated that it is steadily progressing toward its goal of acquiring and staking 5% of the total ETH supply.
- 12:39U.S. Initial Jobless Claims for the Week Ending July 19: 217,000, Expected 226,000According to Jinse Finance, the number of initial jobless claims in the United States for the week ending July 19 was 217,000, compared to the expected 226,000 and the previous figure of 221,000.