Crypto

The final stretch of the U.S. presidential election is keeping traders on their toes after recent big runs higher for crypto and traditional markets.

BlackRock CEO Larry Fink appearing on CNBC means more to QCP’s founder and chief investment officer rather than presidential candidates promoting crypto

“The crypto voter is already a force to be reckoned with, but it will continue to grow,” CEO Brian Armstrong said.

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.

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.

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.