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🇰🇿 The Central Bank of Kazakhstan is investing $300,000,000 in cryptocurrency – original The National Bank of Kazakhstan has created a crypto reserve within its gold and foreign exchange assets (❗️) and plans to begin investing in digital financial instruments this year (according to the head of the Central Bank).
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🔪 Donald Trump has turned the White House into "the most corrupt crypto startup in the world." ➠ According to a congressional report, the Trump family has turned the presidency into a source of personal enrichment through crypto projects. ➠ The president's family's crypto assets are estimated at up to $11.6 billion, with six-month income exceeding $800 million. ➠ A key element of the scheme is believed to be World Liberty Financial (#WLFI), which channeled large investments, including those from foreign entities seeking to influence the administration. ➠ WLFI was launched by members of the Trump family and became the main channel for raising capital in exchange for political loyalty and access. ➠ The report includes data on interference in investigations against crypto companies that financed Trump's projects – Coinbase, Gemini, Robinhood, Ripple (#XRP), Crypto․com (#CRO), Uniswap (#UNI), Yuga Labs, and Kraken (#INK). Donald Trump allegedly granted pardons and lifted sanctions against individuals who supported crypto initiatives within his circle. ➠ WLFI and the #TRUMP memekin were promoted through the president's public statements, which influenced their growth and increased the Trump family's profits. ➠ Rapid enrichment through WLFI and other assets demonstrates massive loopholes in the oversight and anti-corruption system.
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🇪🇺 #ETH Amundi, Europe's largest investment company, has tokenized its €5,000,000,000 fund on the Ethereum blockchain.
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🔥 #UNI Uniswap's proposal to launch a UNI buyback/burn program has passed the preliminary vote with overwhelming support. If the UNIfication plan is finally approved, a mechanism for collecting protocol fees will be activated – a portion of this money will be used to burn UNI. The proposal calls for a one-time "retroactive" buyback and the burning of 100,000,000 UNI ($617 million) from the treasury.
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#onchain 💧 CryptoQuant: Binance's XRP reserves are rapidly depleting – 300,000,000 XRP ($655 million) have been withdrawn from the exchange since October 6.
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