IMF and FSB to release a Comprehensive Cryptocurrency Report ahead of the G20 Summit in September

According to Jinshi report, insider sources said that the International Monetary Fund (IMF) and the Financial Stability Board (FSB) are expected to release a comprehensive report on cryptocurrencies before the G20 leaders' summit scheduled for September.

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1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.