Nevada Welcomes Bitcoin and Crypto: Day Two of the America Loves Crypto Tour

The speakers and performers at the second night of the America Loves Crypto tour were just as impassioned and driven to get out the crypto vote as those from the first night of the tour.

The political figures and crypto industry leaders present at this event, which took place at The Space in Las Vegas, included Sonny Vinuya, Outreach Director for Nevada Governor Joe Lombardo (R); Rudy Pimantuan, Nevada Lieutenant Governor Stavros S. Anthony’s Chief of Staff (R); Nevada State Treasurer Zach Conine (D) and Kate Rouch, Chief Marketing Officer (CMO) at Coinbase, amongst others. Rapper and singer 070 Shake and Las Vegas-based DJ 3LAU performed at the event.

The common threads in the rhetoric…

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LATEST: Russia Gains $3 Billion from Bitcoin Mining Despite Western Sanctions

Russia’s Industrial Mining Association Director, Sergey Bezdelov, announced a record-breaking year for Bitcoin mining, producing approximately 54,000 BTC—worth over $3 billion. The nation’s mining operations contributed significantly to the economy, generating around 50 billion rubles ($556 million) in taxes, as reported by Izvestia.

Following the recent legalization of crypto mining in July, Russia has positioned itself as a burgeoning hub for crypto investors. This move, sanctioned by the State Duma, not only legitimizes mining but also supports its use in international trade, promising an increase in tax revenues and economic growth.

Amid Western sanctions, these developments mark a strategic pivot towards expanding Russia’s cryptocurrency operations. Experts suggest that the legalization is a key component of broader efforts to leverage the digital asset industry in circumventing economic barriers.

Izvestia

Just how safe is the $51 billion sitting in bitcoin ETFs?

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Happy Fri-yay!

No, but really, we made it through the (short) week. Congrats.

Today we’re diving right into custodian safety, and David’s cooked up a few Easter Eggs for you all. Have a great weekend!

— Katherine Ross

Staying afloat

The FBI has a warning for crypto: North Korean hackers are on the prowl.

“North Korean malicious cyber actors conducted research on a variety of targets connected to cryptocurrency exchange-traded funds (ETFs) over the last several months. This research included pre-operational preparations suggesting…

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Ethereum Co-Founder Vitalik Buterin To Donate All Crypto Proceeds, Ends New Token Investments

Ethereum ETH/USD co-founder Vitalik Buterin on Thursday announced he will donate all proceeds from his cryptocurrency holdings, including Ethereum and Layer 2 tokens, to support the Ethereum ecosystem and broader charitable causes.

In a strategic shift, Buterin also stated he would cease investing in new token projects, opting instead for direct donations to valuable initiatives.

“I haven’t sold and kept the proceeds since 2018,” Buterin stated on social media platform X, addressing recent community discussions about founder token sales.

He emphasized that all his past sales have funded “various projects that I think are valuable, either within the Ethereum ecosystem or…

Read more on Benzinga

Pavel Durov says French investigation was ‘surprising’

Telegram CEO Pavel Durov spoke out publicly for the first time since his arrest.

The CEO, who was arrested in Paris last week, claimed in a Telegram message to his channel that he was interviewed for four days after arriving in France. 

“I was told I may be personally responsible for other people’s illegal use of Telegram, because the French authorities didn’t receive responses from Telegram,” Durov said. 

He said that prior to the interrogation, he hadn’t received prior warning from the authorities about the inquiries, and neither had Telegram’s official point of contact in the European Union for such requests. 

Read more: Telegram CEO indicted in France

“As a French…

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Bitcoin, Ethereum, Dogecoin Trade Lower As ETF Outflows Build Pressure: ‘Short-Term Regression Downtrend, But With Bullish RSI Divergence’ – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Cryptocurrency markets are trading lower as spot Bitcoin ETFs witnessed a total net outflow of $37.2 million, marking it the sixth consecutive day of net outflows.

CryptocurrencyPriceGains +/-Bitcoin BTC/USD$56,274.68-2.8%Ethereum ETH/USD$2,376.69 -2.9%Solana SOL/USD$129.24-2.9%Dogecoin DOGE/USD$0.09784-0.3%Shiba Inu SHIB/USD$0.00001318-1.3%

Notable Statistics:

IntoTheBlock data shows a 7% fall in large transaction volume and transactions greater than $100,000 narrowed from 9,458 as of Sep. 3 to 8,371 as of Sep. 4. Exchanges netflows dropped by around 75%.

Coinglass data noted 31,860 traders were liquidated in the past 24 hours as total liquidations stood at $81.24… Read more on Benzinga

Behind the most important jobs report of the year

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter.

Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition:

What to watch for when perhaps the most important jobs report of the year drops tomorrow. 
Trump’s mention of crypto (and a task force proposal) during a speech at the Economic Club of New York. 
A look at the Fed’s cease-and-desist order that a crypto advocacy group is “investigating.” 

What to expect before the most important jobs report of the year

Tomorrow will…

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