Stablecoins
ETF
Canary Capital files application for a spot HBAR ETF
The filing surprised market analysts, with some of them claiming not to know Hedera and its native token HBAR.
Crypto
Coinbase launches COIN50 index to rival S&P 500 in crypto markets
Coinbase's COIN50 tracks the 50 largest cryptos by market cap to introduce a broad benchmark that captures value across sectors.
ETF
Bitcoin ETFs on track to overtake gold ETFs within 2 months
US-traded spot Bitcoin ETFs now represent 66% of their gold counterparts' total assets under management.
Crypto
Bitcoin hits $87k in relentless post-election rally to new frontiers
Bitcoin is showing no signs of stopping after breaching the $80,000 price level for the first time on Sunday.
Crypto
Hedge funds and venture capital firms expect Solana will hit $600 this cycle – Survey
Over 30% of the respondents in a MV Global survey believe SOL will register a new all-time high above $600.
ETF
SEC punts decision on options trading for spot Ethereum ETFs
BlackRock, Grayscale, and Bitwise might have to wait until April 2025 for a options trading approval on their Ethereum ETFs.
Election 2024
Majority of candidates backed by pro-crypto PACs won the elections
The successful results following substantial investments could set the stage for expanded crypto influence in Washington.
TradFi
Tether’s trade finance division funds first oil deal via USDT
The deal is Tether Trade Finance's first initiative to reinvest company profits into traditional finance.
DeFi
Dapps’ revenue hits $164M in October amid growing adoption
A Binance Research report suggested that the success of dApps might indicate that infrastructure projects are overfunded.
Crypto
Crypto market remains bullish following Fed rate cut
The 25bps cut was likely priced in, prompting no immediate reaction by risk assets markets.
ETF
BlackRock’s spot Bitcoin ETF records 20% growth in net assets during Q3
Moreover, only 0.28% of IBIT's Bitcoin stash was sold to cover redeemed shares since launch, indicating user retention.
Analysis
Increased demand and heightened volatility signal further upside for Bitcoin – Glassnode
Profit volumes in Bitcoin addresses are 47 higher than losses, while options show record in open interest levels.
