ChainCatcher news, according to Globenewswire, cryptocurrency wallet provider Exodus Movement, Inc. (OTCQX: EXOD) announced that its common stock has been approved for listing on the NYSE American.The company's Class A common stock, with a par value of $0.000001, will begin trading on the NYSE American under its current trading symbol "EXOD" at the start of trading on December 18, 2024.The common stock will continue to trade on the OTCQX market until the market closes on December 17, 2024. Current shareholders of the company will not need to take any action prior to the company's expected listing on the NYSE American.

ChainCatcher news, the cryptocurrency wallet provider Exodus stated on social media that as of December 11, 2024, it holds over 1,900 Bitcoins and 2,660 Ethereums on its balance sheet.

ChainCatcher news, according to Cointelegraph, cryptocurrency wallet provider Exodus has announced a donation of $1.3 million to the cryptocurrency advocacy organization Stand With Crypto Alliance to garner broader political support for the U.S. crypto industry. This donation will be used to support the alliance in educating and mobilizing cryptocurrency supporters nationwide to participate in the political process.It is reported that the Stand With Crypto Alliance was established by cryptocurrency exchange Coinbase in May of this year and has set up a Political Action Committee (PAC). According to the alliance, it has raised up to $180 million in donations from 1.49 million cryptocurrency advocates to date, demonstrating the strong willingness of the crypto community to engage in political participation.

ChainCatcher news, according to Fox Business, cryptocurrency wallet provider Exodus has donated $1.3 million to the cryptocurrency donation organization Stand With Crypto.According to executives at Stand With Crypto, Exodus's contribution will be used to expand its community outreach efforts to educate and mobilize cryptocurrency voters nationwide.

ChainCatcher news, according to The Block, blockchain hardware company Ledger is collaborating with self-custody wallet provider Exodus to launch a new cryptocurrency exchange aggregator called XO Swap.

ChainCatcher news, according to The Block, since the self-custody wallet company Exodus Movement released its first quarterly financial report since its stock (ticker: EXOD) was listed on NYSE American in May.The report states that second-quarter revenue increased by 80% year-over-year, reaching $22.3 million. However, the company's cost of revenue also rose, resulting in a quarterly loss of nearly $10 million, compared to a profit of $1.9 million in the same period last year. The number of monthly active users this quarter also slightly increased from 1.2 million in the same period last year to 1.5 million.Exodus's funds are primarily concentrated in digital assets. The company holds approximately $70.7 million in cash and cash equivalents, including stablecoins and U.S. Treasury securities, as well as $195.5 million in digital assets, which includes $121.3 million in Bitcoin and Ethereum tokens.

ChainCatcher news, according to Fox reporter Eleanor Terrett, U.S. Senator Bill Hagerty stated that he would encourage the SEC to focus on clarity in the cryptocurrency space to establish a proper ecosystem and prevent the industry from moving overseas.SEC Chairman Gary Gensler countered that illegal activities and discontent with the law are different from a lack of clarity. Hagerty mentioned that there is still a lot of uncertainty and lack of clarity from the SEC, which is unnecessary.

ChainCatcher news, according to CoinDesk, cryptocurrency wallet provider Exodus Movement announced that its plan to go public on the NYSE American scheduled for Thursday will not proceed as planned.In a press release on Wednesday, it stated: "Once SEC staff completes their review of the registration statement, the company may reconsider going public."Previous news, Bitcoin wallet developer Exodus Movement stated on Monday that the company has been approved to list its common stock on the New York Stock Exchange.

ChainCatcher news, Bitcoin wallet developer Exodus Movement announced on Monday that the company has been approved to list its common stock on the New York Stock Exchange.Exodus CEO and co-founder JP Richardson stated, "Our common stock has been tokenized on the Algorand (ALGO) blockchain, making us the only company in the U.S. to tokenize common stock on the blockchain."

ChainCatcher message, Acala official tweeted that if the community vote passes, the Exodus upgrade will take place on August 15. This upgrade will optimize network growth, sustainability, and security, and will enhance the utility of ACA through staking and adjusting incentives.In addition, 50% of the ACA unlocked each year will be used for ACA staking, while 50% will be reserved for liquidity mining for liquidity pools and dApps built on the Universal Asset Hub (UAH). Some unused ACA will be used for burning, such as burning 1% monthly, and a portion of accumulated network fees over time will also be burned through governance, such as burning 20% every six months.

ChainCatcher news, according to TheBlock, cryptocurrency wallet provider Exodus Movement Inc. has added the Bitcoin-backed stablecoin Sovryn Dollar (DLLR) to its balance sheet. A report shows that the initial allocation of DLLR accounts for about 25% of Exodus's quarterly interest income, but no specific dollar figure was provided.Exodus co-founder and CEO JP Richardson stated that adding DLLR to the company's finances will help Exodus continue to obtain operating funds without relying on banking services. (Source link)

ChainCatcher message, Pantera Capital stated in its December investor letter that the U.S. government granted countless congressional advantages to early internet companies, but in the blockchain era, the U.S. regulatory approach has had the opposite effect, leading to 95% of blockchain transactions moving overseas, with 95% of the market capitalization of blockchain protocols in projects outside the U.S.The U.S. SEC can only regulate things that are considered securities, which to some extent has led to regulators lacking the appropriate power or tools to mobilize, and can only take enforcement actions after harm has occurred, rather than being able to proactively protect users and funds. Another major factor leading to the collapse of FTX is the uncertainty of U.S. regulation driving crypto asset institutions and users away from the unregulated U.S. shores. (source link)

ChainCatcher news, Matt Ballensweig, co-head of sales and trading at the crypto lending firm Genesis, announced his departure to join the crypto wallet company Exodus. Ballensweig stated that he will continue to serve as an advisor to Genesis.Genesis has experienced significant talent loss following substantial losses from Three Arrows Capital. In August, Genesis laid off 20% of its staff, and CEO Michael Moro left; at the beginning of September, research head Noelle Acheson also departed. It is reported that their derivatives head Joshua Lim is also considering leaving. (CoinDesk)