Technology
Governance
MakerDAO founder proposes strict deflationary tokenomics amid rebranding process
If approved, the proposed tokenomics would eliminate token emissions under regular conditions, transforming the token structure to be strictly deflationary.
Earnings
Tether hits $7.7 billion in profit YTD as reserves reach record high
The company added nearly $5 billion in US treasuries and 7,100 Bitcoin to its assets.
Scams
Crypto firms among top targets of audio and video deepfake attacks
A Regula survey highlighted that crypto firms lost over $440,000 on average to deepfake attacks in 2024.
Crypto
New token listings display average 49% drop after CEX listing in 2024 — Animoca Research
The report found that tokens with average market cap/fully diluted value ratio are the best performers after their listings.
Technology
US Treasury says tokenization, stablecoins will reshape financial landscape but urges caution
The adoption of tokenized treasuries could usher in innovations like atomic settlement, improving efficiency and reducing risks.
Exchanges
Kraken announces layoff, appoints Tribe Capital co-founder as new co-CEO amid restructuring
The layoffs are a result of 'organizational changes' made by the exchange, in an effort to become 'leaner and faster.'
Deals
Optimism Foundation offered 25M OP tokens to attract Kraken’s L2 to the Superchain
The deal was confirmed by Ryan Wyatt, chief growth officer at Optimism Foundation, and the tokens would be paid as grants.
Price Watch
Bitcoin nears all-time high with stable metrics, signaling strength for further upside – K33 Research
The current upward movement is devoid of euphoria, painting Bitcoin as a maturing asset with strength to perform a continued rally.
Analysis
Bitcoin expected to face high volatility as ‘Trump trade’ and Q4 seasonality converge – Bitfinex
Bitcoin acting as a "Trump trade" and signs of a potential strong fourth quarter suggest high volatility is on the horizon.
Analysis
Bitcoin adoption akin to gaming as younger generations drive demand – VanEck
Matthew Sigel stated that there are new Bitcoin buyers entering the market daily, just like 'young folks' become gamers.
Crypto
Phantom wallet falters for nearly 3 hours amid high demand for GRASS airdrop
The wallet services went down six minutes after the GRASS token airdrop claim went live, prompting observers to relate the events.
Memecoins
Solana registers new all-time high in daily transaction-related fees
The new record comes amid the AI-related memecoin trading, prompting Solana to dominate daily trading volumes for 13 days straight.