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Crypto Extraction

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The Bank of New York Mellon (BNY Mellon) is preparing to offer custody services for Bitcoin and Ether in the form of exchange-traded products (ETPs). The recent review by the U.S. Securities and Exchange Commission (SEC) indicated that BNY Mellon can treat the safeguarding of these crypto assets as not being part of its liabilities. This is because the ETFs will be held on third-party exchanges, allowing BNY Mellon to bypass the accounting requirements typically imposed by SAB 121, which usually mandates that banks recognize such assets on their balance sheets. #BitcoinCustody #EtherCustody #CryptoServices #BNYMellon #CryptoCustody $BTC $ETH

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Just in: Binance hits another milestone. Binance, the largest centralized crypto exchange, has recently surpassed $100 trillion in all-time trade volume on their platform. The growing number of Binance users, which has now reached up to 230 million, continues to increase, pushing this target to new all-time highs every day. Here is Richard Teng's statement about this achievement; you may click here. #BinanceMilestone #keepbuilding #BinanceSuccess #CryptoNews #BinanceGrowth $BNB

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This is going to be your last chance! Hamster Kombat will conclude its airdrop event tomorrow, so keep farming diamonds and do your best to maximize your profit per hour. Good luck guys! #HamsterKombat #CryptoAirdrop #MaximizeProfit #DiamondFarming #FinalChance $HMSTR

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Just in: L2 transactions reached an all-time high on August 21, 2024, with a record-breaking transaction volume. #CryptoNews #Blockchain #L2Transactions #FinTech #BreakingNews" $OP $POL $ARB

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Just in: Solayer Labs has raised new capital to develop the Solana restaking protocol. In the past, the Ethereum blockchain introduced EigenLayer, an Ethereum restaking protocol focusing on exogenous AVSs such as cross-chain bridges and oracles. Meanwhile, Solayer will enable the restaking of SOL with a primary focus on endogenous AVSs, such as Solana on-chain dApps. In the upcoming months, Solayer will also develop general asset restaking and exogenous AVS. Here is Solayer's progress since their launch, based on their blog: $190M in TVL~100k+ unique deposit addressesMainnet launch with four endo AVSs:Restaking vaultNative staking/unstakingMEV-boostsSOL unfreeze to kickstart liquidity interfaceEndo AVS mainnet #SolayerLabs #SolanaRestaking #CryptoInnovation #BlockchainProgress #DeFiRevolution $SOL

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