Stablecoins
Banking
JPMorgan to launch instant euro-dollar conversions on its blockchain
The settlement operations will use the bank's token JPM Coin, which already helps to process $2 billion in daily transactions.
Election 2024
Trump election win set to kick off ‘golden age of crypto’ in the US – Bitwise CIO
The new administration can prompt more transparent rules and boost in crypto prices, while also motivating investors to be more selective.
Investments
Crypto venture funding hits $860 million in October, highest in over 6 months
The gaming sector grew by the third consecutive month, followed by the return of VC capital to Web3 general applications.
Analysis
Ethereum Foundation’s Josh Stark highlights ETH’s ‘hardness’ as it hits 3-year low against Bitcoin
The blog post by Josh Stark comes amid the pair ETH/BTC hitting its lowest point since April 2021, at 0.03493 BTC.
Analysis
Altcoins face uncertain future amid US election outcome, Bitcoin unshaken
As Bitcoin poises for upside regardless of the outcome, the altcoins' landscape would vary heavily after the results are out.
Election 2024
Whale sheds $4M in Trump win-related bets on Polymarket amid elections uncertainty
On-chain data platform Arkham Intelligence highlighted that the selling activity started right after known trader GCR advised caution.
Analysis
Crypto volatility stalls as investors await US election outcome – Bitfinex
The landscape is specially bad for altcoins, which need a catalyst to spark interest and propel a potential 'alt season.'
ETF
Michigan state pension fund reports $11 million exposure to Ethereum ETFs
Comparatively, the fund has invested $7 million investment in Bitcoin, which was considered a 'big win' for Ethereum ETFs.
Election 2024
Polymarket odds suggest US elections will be decided by Pennsylvania
Polymarket bettors now believe that Harris will win two of the six swing states, which would make Pennsylvania the deciding factor in who wins the elections.
Stablecoins
VanEck analyst criticizes US Treasury’s outdated stance on stablecoins
Matthew Sigel said the US Treasury Department's views on stablecoins are based on outdated academic views.
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.
