Arthur Hayes stated that ETH is his second largest position after BTC, and he is optimistic that ETH will rise above $5000 after breaking through $3000. （Cointelegraph）
The Regulation Crypto Assets proposal proposed by the US Securities and Exchange Commission (SEC) was published in the Federal Register on August 21, with a 60 day comment period starting and ending on October 20. This proposal establishes an issuance system for cryptocurrency investment contracts, with two registration exemptions: cumulative financing not exceeding $5 million within four years; Financing should not exceed 75 million US dollars every 12 months. The issuer shall provide information disclosure, and the issuer under the second exemption shall provide financial statements and assume reporting obligations. The proposal includes conditional safe harbor clauses, and when the conditions are met, encrypted assets do not constitute an investment contract.
On Wednesday, the US spot Bitcoin ETF had a net inflow of $606 million, while ETH, SOL, and XRP related ETFs all recorded fund inflows, with ETH having a net inflow of $221 million, SOL having a net inflow of $15 million, and XRP having a net inflow of $13 million. （CoinDesk）
