Blockchain
Ethereum (1)
Description
# ArtChain Day 630
## Phrase of the day #629
Faith gives rise to the desire to act. Where faith and action come together, life transforms quickly and inevitably.
##### Day #629 in Arweave Permaweb
[Link](https://mzoikrjqkwbnw7ew2pxtp3d5nqvt6i4ghrmfayromve5pw7f5vvq.arweave.net/ZlyFRTBVgtt8ltPvN-x9bCs_I4Y8WFBiLmVJ19vl7Ws)
##### News of day #630:
| Continent | News |
| ------ | ------ |
| Oceania | U.S.-based crypto exchange Kraken launches a new broker service for eligible wholesale clients in Australia, allowing them to trade crypto derivatives without holding the assets directly. The service is designed for flexibility, catering to high-net-worth individuals seeking advanced trading strategies. |
| North America | Andreessen Horowitz (a16z) is donating over $23 million to Fairshake and its PACs for the 2026 midterm elections to promote pro-crypto policies. The firm advocates for comprehensive market structure legislation and stablecoin regulations to foster innovation while protecting consumers. |
| Asia | Singapore Gulf Bank has introduced Bahrain’s first regulated crypto-compatible corporate banking services, enabling management of both traditional and digital assets on a unified platform. SGB has received full regulatory approval from the Central Bank of Bahrain. |
| Crypto | Ethereum is nearing the $2.5k mark, sparking hopes for a potential bull rally as it trades at $2,465.36. A popular analyst suggests that ETH is in an up channel, indicating a favorable risk-to-reward ratio for long positions. Long-term holders are showing increased confidence. |
| Latin America | President Milei's "Deep Chainsaw" initiative has cut over 33,000 jobs in Argentina to reduce bureaucratic excess. The program aims to lower the tax burden by significantly decreasing public spending, as stated by Minister Federico Sturzenegger. An additional 10,000 employees may retire before 2025. |
| Africa | Ethiopia is leveraging its renewable energy resources to attract bitcoin miners, aiming for economic growth. The state utility, Ethiopia Electric Power (EEP), has earned $55 million in less than a year from power-purchase agreements with 25 bitcoin mining companies. |
| Europe | A UK pension fund has allocated 3% of its £50m assets to bitcoin, marking a historic move in the country. The allocation was made after extensive training and due diligence, advised by Cartwright, a pension specialist. The fund's investment strategy is set for a 10-year horizon. |
##### Secret hash:
*7b538403c57c88ef*