İvedik Oto Tamir

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.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 31-Nov. 6.

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.

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.

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.

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.

Creator Or Dadosh says Venn creates a “completely new economy” for crypto security.

The second-largest crypto has been locked in a sizable downtrend relative to bitcoin.

BOB’s aim is to create bridges between itself and layer-1 blockchains like Ethereum, with the ultimate goal of making Bitcoin the center of DeFi.

While millions of users are already using debit cards to connect to their Coinbase accounts, the Visa debit card holders offer near-instant transfers, which wasn’t possible before.