SharpLink: ETH Purchase via ATM Plan Does Not Require Shareholder Additional Approval

September 6th: An aide in the U.S. Senate from the Republican Party stated that Senate Republicans are in the process of contemplating a change in the rules in order to establish a fast-track confirmation procedure for Trump's nominees to the Federal Reserve Board. The potential new rules may potentially be debated as early as the beginning of the next month. (Kyodo News)

September 6th, Market News: Trump Indicates That He Will Soon Make an Announcement Regarding the Nominee for the Chair of the Federal Reserve. (Xinhua)

On September 6th, based on market information, a draft bill presented by the U.S. Senate Banking Committee is set to exclude staking, airdrops, and decentralized entity infrastructure networks from the purview of securities laws.

On September 6th. Possibly influenced by the news that "The Ethena Foundation Launches a New $3.1 Billion Buyback Plan" (link: https://www.theblockbeats.info/flash/310999), ENA saw a temporary surge of more than 6%, with its market capitalization rising to $48.33 billion.

On September 6th, Ethena made an announcement regarding an additional $530 million "StablecoinX" PIPE transaction. Additionally, the foundation initiated a new $310 million open market buyback program. BlockBeats had previously reported that on July 21st, the stablecoin issuer StablecoinX company announced the completion of a $360 million financing round for the acquisition of ENA tokens. It also planned to list Class A common stock on the Nasdaq Global Market under the ticker symbol "USDE". The Ethena Foundation would contribute $60 million worth of ENA tokens. To commence the buyback program, StablecoinX would utilize the $260 million net cash proceeds (after deducting relevant expenses) from the financing to purchase locked ENA tokens from the subsidiary of the Ethena Foundation.

On September 6th, based on the data from the Validator Queue tracking website "validatorqueue", it is reported that the current exit queue of the Ethereum PoS network is 789,101 ETH. Calculated at the current price, approximately $33.9 billion worth of ETH is exiting the PoS network, and the withdrawal delay is currently reported to be 13 days and 17 hours. Meanwhile, the demand for staking by new validators has increased. Today, the admission queue has risen to 936,769 ETH, which is worth around $40.25 billion. The current waiting time in the admission queue is 16 days and 6 hours.