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U.S. Treasury Advisory Panel Says Tokenization Could Be Big, But May Need Central Control
The outside group of Wall Street leaders that guides the Treasury’s debt management, the Treasury Borrowing Advisory Committee, shared views on tokenized debt and warned about Tether.
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FTX’s Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse
Singh, who was sentenced to time served, is the fourth FTX executive to be sentenced for his role in the fraud.
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Coinbase Shares Slump After Big Q3 Earnings Miss on ‘Softer’ Market Condition
The exchange said it seen some growth across staking, on-platform USDC, and custody business, despite weaker market.
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Michael Saylor’s MicroStrategy Plans to Raise $42B to Buy More Bitcoin Over Next 3 Years
The company reported its third quarter earnings results after the close of trading on Wednesday afternoon.
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The Protocol: Crypto Fundraising, Job Losses, Juicy Payouts, Grants for Devs
In this week’s issue of The Protocol, our newsletter on blockchain tech, we’re covering the Optimism’s $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers, and Polymarket’s (negligible) impact on Polygon’s bottom line.
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Protocol Village: Termina, SVM-as-a-Service Platform by Nitro Labs, Raises $4M in Seed Round
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 31-Nov. 6.
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Institutional Investors Position for Bitcoin Volatility Into the U.S. Election
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.
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Degens Are Searching for Further Leverage on MicroStrategy and Winning Massively
The T-REX 2X long MSTR Daily Target ETF (MSTU) has rallied 235% since its introduction six weeks ago, an annualized equivalent return of 57,000%, according to Bloomberg analysis.
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Fortune Claims Polymarket Is ‘Rife’ With Wash Trading
As much as a third of the prediction market’s volume is inflated by traders acting as the buyer and seller — an yasa dışı practice in TradFi — on the same trades, Fortune reported. Some could be doing it to farm a future token airdrop.
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Inspired by Trump, Florida Official Eyes State Bitcoin Stockpile for Retirees
Citing presidential candidate Donald Trump’s remarks on a U.S. strategic crypto reserve, Florida Chief Financial Officer Jimmy Patronis is pushing the idea for state pension funds.