Daily | Ethereum Foundation Board of Directors Updates Personnel Appointment and Dismissal; US Housing Department Considers Payment and Monitoring Grants with Blockchain and Stablecoins
Reprinted from chaincatcher
03/11/2025·1MCompiled by: Vader, ChainCatcher
Important information:
- Singaporean man accused of conspiring to steal and launder more than $230 million in cryptocurrency will open a trial on October 6
- Ethereum Foundation Board of Directors Updates Personnel Appointment and Dismissal, Hsiao-Wei Wang Joins the Board of Directors
- Andre Cronje revised the introduction of personal social platform and may launch a new derivatives platform flyingtulip
- U.S. Housing Department considers using blockchain and stablecoin payments and monitoring grants
- Spanish Bank BBVA is approved to provide BTC and ETH trading services
- Singapore Exchange to list open Bitcoin futures contracts
“What important events have happened in the past 24 hours”
Malone Lam, 20, was arrested for allegedly involved in one of the largest cryptocurrency thefts in U.S. history. He spent as much as $500,000 (about S$665,000) in a nightclub and was photographed giving models and internet celebrities a Hermes Birkin bag at a luxury party. Lam and 21-year-old American accomplice Jeandiel Serrano were arrested in September 2024 on charges of “conspiracy to steal and launder more than $230 million (about S$306 million) of cryptocurrencies”, the U.S. Department of Justice said. At current prices, the 4,100 stolen Bitcoins are worth more than $450 million.
As of October last year, about $70 million had been recovered or frozen on various exchanges. "Even considering the millions of dollars spent on cars and jewelry by Serrano and accomplices, there is still more than $100 million missing," according to court documents. If convicted of stealing more than 4,100 bitcoins, Lam faces up to 20 years in prison, up to $250,000 fines or twice the amount he earns from the fraud. Lam's trial date is scheduled for October 6.
The Ethereum Foundation has issued a document to announce new personnel appointments and removals, and Hsiao-WeiWang will join the board of directors of the Ethereum Foundation. Current board members include AyaMiyaguchi (Chairman), Vitalik Buterin (Founder), Patrick Storchenegger (Swiss Legal Counsel), and Hsiao-WeiWang (Co-executive Director). During this adjustment, the board will share more latest updates on its role and functions in the Ethereum Foundation.
Sonic Labs founder Andre Cronje has revised his personal social platform profile to join the title of "Flyingtulip Founder".
It is understood that flyingtulip is a platform designed to revolutionize an integrated ecosystem of trading, liquidity provision and derivatives, while providing one-stop DeFi services, i.e. access to spot, leverage and perpetual transactions from a single liquidity pool without the need to transfer funds across different protocols.
U.S. Housing Department considers using blockchain and stablecoin payments and monitoring grants
The U.S. Department of Housing considers using blockchain and stablecoins to pay and monitor grants. The meeting also discussed the idea of experimenting with stablecoins to pay grantees from the Department of Housing and Urban Development, which could be tested first in one office of the department before being widely used in other offices.
Spanish Bank BBVA is approved to provide BTC and ETH trading services
Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has been approved by Spanish financial regulators to provide Bitcoin (BTC) and Ethereum (ETH) trading services to customers.
BBVA began planning to enter the crypto market as early as 2020, initially planning to conduct business in Switzerland, which is clearly regulated. In January this year, BBVA has launched a crypto trading service in Türkiye through its local subsidiary. BBVA is not the first European bank to enter the crypto market, and Deutsche Bank and Société Générale have also been involved in crypto asset custody and stablecoin issuance.
Singapore Exchange to list open Bitcoin futures contracts
According to Bloomberg, Singapore Exchange will list open Bitcoin futures contracts.
“What are some great articles worth reading in the past 24 hours”
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Meme Popular List
According to the market data of Meme token tracking and analysis platform GMGN , as of March 8, 19:50:
The top five popular Ethereum tokens in the past 24h are: SPX, TOK, COCORO, CHAINSAW, LINK
The top five popular tokens in the past 24h Solana are: BTRUMP, BARRON, YODA, ASTRA, FRED
The top five popular tokens in the past 24h Base are: Grokit , SKITTEN, VIRTUAL, drai, EURC
