BlockchainIST Insights

Issue #26

Welcome back to BlockchainIST!

We decode the complexities of blockchain and crypto-economics with precision and poise. As a research center committed to revealing the entanglements of this dynamic domain, we are delighted to present you with a curated collection of insights, analysis, and cutting-edge research.

📰 TOP NEWS

  • SEC fines crypto companies $4.68 billion in 2024, breaking records.

    “The implementation of the cryptocurrency regulations has provided a safer barrier between investors and cryptocurrency companies. As the industry becomes more mature, we tend to see more fines and warnings from SEC.”

  • MicroStrategy buys 18,300 BTC, reaffirming Michael Saylor's Bitcoin commitment.

    “MicroStrategy’s continued acquisition of Bitcoin, totaling $1.11 billion worth in 2024, demonstrates strong institutional belief in Bitcoin’s long-term value. Michael Saylor’s commitment to BTC as a core treasury asset highlights its resilience and position as a major store of value, despite market volatility.”

  • UK High Court rules Tether, the issuer of USDT, is property under English law.

    “This ruling solidifies the legal status of stablecoins like Tether under English law, providing clarity for future cases related to digital assets. It's a critical step toward integrating cryptocurrencies into traditional legal frameworks, especially in fraud cases.”

  • Grayscale launches new XRP fund.

    “The launch of a closed-end XRP fund shows investor confidence despite past legal disputes, and XRP's price surge reflects renewed optimism in the token's future for now.”

 📌 REMARKS OF THE WEEK

Source: Investing.com

🔐 CRYPTO UNLOCKS

Source: Token Unlocks

🎟️ EVENT OF THE WEEK

Ethereum Singapore 2024

  • Ethereum Singapore 2024 is set to host a week-long event as a lead-up to DevCon7 in Bangkok, Thailand, aiming to unite builders and communities to expand the global Ethereum ecosystem.

  • Date Sep 16-22

  • Detailed Info & Registration

💬 EXPERT OPINION

Some bitcoin users see the hard fork as in some ways violating their most fundamental values. I personally think these fundamental values, pushed to such extremes, are silly.

Vitalik Buterin

📊 METRIC OF THE WEEK

Our researchers designed this metric with ❤️

GLOSSARY CORNER

Tokenomics is the economic structure and design behind a cryptocurrency or blockchain project, including how tokens are distributed, their supply, utility, and the incentives for holding or using them. It influences the value and behavior of the token within its ecosystem.

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