California Permanently Revokes BlockFi’s Lending License Two Years After Bankruptcy

The California DFPI revoked BlockFi’s lending license for unsafe lending practices and violations of the California Financing Law. Following investigations, BlockFi agreed to surrender its license amid bankruptcy, reflecting heightened regulatory oversight in the evolving crypto lending sector.
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Pro-Crypto Dave McCormick Wins Pennsylvania Senate Seat

Dave McCormick secures a narrow victory in Pennsylvania’s Senate race, unseating Democratic incumbent Bob Casey. Known for his pro-crypto stance, McCormick’s win signals stronger advocacy for blockchain and financial innovation amid broader Republican gains in the 2024 elections.
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Ethereum Foundation Discloses $970M Treasury in 2024 Report, Spotlights Ecosystem Progress

Ethereum Foundation disclosed a $970.2M treasury, holding 99% in ETH, representing 0.26% of the token’s supply. With a focus on long-term sustainability, it funds ecosystem advancements, manages financial stability, and supports critical Ethereum developments, including the Mekong testnet launch.
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