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Staking Update 💰 + Web3 Action in Denver 🧙‍♂️

Ether Capital Newsletter
Ether Capital Newsletter
We staked 🥩 more of our Ether balance and we’re back in Denver with some of the brightest 💡 and most influential players in crypto. 😎 Here’s what we’ve been up to:

We Upped Our Staking Game 💪
Earlier this week, we announced that we staked $38 million in Ether (10,240 ETH) onto Ethereum’s Beacon Chain, which brings our overall staking balance to approx. $76 million (20,512 ETH). 👀 💥
It’s important that our shareholders have direct access to all of the exciting developments underway in the Ethereum and Web3 ecosystem, which is why we’re proud to be the first public company in the world 🌎 to stake such a significant portion of our Ether balance. 🚀
Since December 2021, we’ve accrued more than $380,000 (102 ETH) in staking rewards. Think of this in terms of generating yield at 4.9% annually! 🔥
Right now, we’re focused on being a net accumulator of Ether and we intend to stake 🥩 at least 30,000 ETH (approx. 65% of our balance) prior to the The Merge. This is when Ethereum’s current mainnet literally merges with Ethereum’s Beacon Chain to become an entire proof-of-stake network. The Merge is expected to take place later this year and you can expect more people will be staking their ETH to receive those rewards since energy-intensive mining 🔋 on Ethereum will become obsolete. 👋
For a full breakdown on how staking works, be sure to check out our interview with Bloomberg Quicktake where we talk about our strategy and explain why it’s a great opportunity for retail investors to turn their cryptocurrency into productive assets. 💡
Want to Know More About ETHC?
Want to know more about our business strategy and commitment to Ethereum? Make sure you sign up for a spotlight 🔦 discussion about Ether Capital hosted by the NEO Exchange on Friday, February 25th at 12:00pm ET. If you’re an ETHC shareholder or just curious about the Ethereum and Web3 ecosystem, you won’t want to miss this! 🚀
ETHDenver in Full Swing 🎪
We often tell people to follow the community and see what they’re up to, rather than fixate on spot prices and volatility. Those who gathered in Denver this week are the true masterminds behind fascinating technology that introduced non-fungible tokens 👾 and the metaverse. 
ETHDenver is the largest and longest running Ethereum event in the world where people gather to build, hack, collaborate and learn from each other. They are incredibly passionate about crypto and sharing knowledge they have to inspire others. 🌎 💡
Our CTO Shayan Eskandari recently summed it up perfectly when he said, “There are two types of people — those who are satisfied with a product of technology for what it is and those who want to deconstruct it because they’ve thought of a way to make it better.” 😼 💭
You’ll meet both types of individuals at ETHDenver. It doesn’t really matter if you’re a fairy 🧚 on stilts, a giant buffalo unicorn 🦄, or someone who just wants to flop down on a beanbag chair and write lines of code 👨‍💻 — this community will embrace you with open arms.
Swag, swag, swag 👕
Plus, there’s a ton of free t-shirts, hats, hoodies, stickers, cookies 🍪 — you get the idea. 
There are still a few days left of ETHDenver excitement including talks from Ethereum’s co-founder Vitalik Buterin, big-time ETH investor and ConsenSys founder Joe Lubin, and co-founder of NFT marketplace OpenSea, Alex Atallah. 🎤
We’ll share a full recap of the highlights in next week’s newsletter, so stay tuned!
ETHC Panel on CBDCs and Crypto 🚀
Our panel on central bank digital currencies (CBDCs) and cryptocurrency went off without a hitch! We had an amazing attendance, so thank you to everyone who joined. 🙌
We were please to have Carolyn Wilkins, external member of the Bank of England’s Financial Policy Committee and Sr. Deputy Governor of the Bank of Canada, join us to talk about how a central bank digital currency functions and share her views on crypto as an asset class. Ether Capital’s CEO Brian Mosoff was also a panelist and the event was moderated by Bloomberg’s Michael Regan. 💡🎙️
You can watch the full discussion on our YouTube channel.
Canada's Emergency Act
In response to the weeks-long protests and crowdfunding efforts to support the so-called Freedom Convoy, the Liberal government broadened the scope of Canada’s laws to put pressure on protestors. Banks are now able to freeze accounts 🏦 without a court order and all crowdfunding platforms including their payment providers must register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). These rules also apply to crypto and the authorities have already stepped in and ordered crypto exchanges to halt trading ❌ for wallets connected to the protests.
We spoke with The Globe and Mail and The Financial Post 🗞️ earlier this week about the consequences the measures could have on the crypto industry and the overall message it sends to Canadians.
Happy Birthday, BTCC! 🎈
Today marks the one-year anniversary 🎂 of the world’s first spot Bitcoin ETF that we helped launch alongside Purpose Investments. This was a huge milestone as we were able to create a clear and efficient access point for investors to get exposure to bitcoin through a public vehicle. 💯
The Purpose Bitcoin ETF currently has more than $1 billion AUM! 👀
There have been so many developments in the crypto space over the past year and it’s hard to keep up. That’s why we worked with Purpose to identify five opportunities and five risks that new crypto investors should take note of in the months ahead. 🔮
Have Questions About Crypto? 🤔
The industry is quickly evolving and there’s a lot of information to keep up with. That’s why we want to help! 🦸
Email us your questions and we’ll respond to as many as we can. While we can’t provide investment advice, we do want to steer you in the right direction so you can be informed.
Thank you for subscribing to our weekly newsletter! We’d love to hear your feedback so please don’t hesitate to reach out. 😎 🚀
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