The Daily: US senators introduce crypto fraud bill, K33 flags easing bitcoin sell pressure, BitMine adds $140M in ETH, and more
The Daily reports on a new bill to combat crypto fraud, easing Bitcoin sell pressure, BitMine's ETH accumulation, and other crypto news.Summary
The Daily newsletter covers several key developments in the crypto space. U.S. senators have introduced a bipartisan bill, the SAFE Crypto Act, to create a task force aimed at combating crypto fraud and scams. K33 Research suggests that sell-side pressure from long-term Bitcoin holders is decreasing, with roughly 20% of supply reactivated in the past two years. BitMine continues to accumulate Ethereum, adding another $140 million worth to its treasury, now holding nearly 4 million ETH. Former President Trump is considering Federal Reserve Governor Christopher Waller, a crypto advocate, for the next Fed Chair. Binance is cracking down on fraudulent 'listing agents' and offering a $5 million whistleblower reward. Upcoming economic events include interest rate decisions from the Bank of England and ECB, and U.S. CPI and jobless claims data.
(Source：The Block)