Research: The Launch of Babylon and the Current Status of the Five Major BTC LSTs
Currently, the BTC LST/LRT market is mainly dominated by Ether Fi, Bedrock, PumpBTC, Lorenzo, Solv, and Lombard. With the entry of Pell network and Satlayer into the BTC staking arena, mid-tier projects will also seek opportunities to compete directly with Babylon in the future. Read more — link : Wu Blockchain News
The Bank for International Settlements (BIS) and central bank partners such as Singapore, Australia, South Korea, Malaysia, and Singapore have demonstrated that regulatory compliance can be embedded in cross-border transaction agreements through the decentralized system Mandala, integrating with emerging digital asset settlement systems and traditional payment messaging systems such as Swift, and can verify compliance proof without revealing underlying customer data. — link : Wu Blockchain News
Читать полностью…Vitalik Buterin's latest blog, Possible Futures of the Ethereum Protocol, Part 5: The Purge. Discusses Ethereum's challenge of managing blockchain bloat and complexity over time. As transaction data and protocol features accumulate, clients face increasing load and sync times, making long-term sustainability difficult. - vitalik.eth.limo : Leviathan News
Читать полностью…A High-Level Overview of Major Token Unlocks Coming in Next 12 Months : infinityhedge
Читать полностью…RD InnoTech, a member of the Hong Kong Monetary Authority (HKMA) Stablecoin Issuer Sandbox, plans to issue the first Hong Kong dollar stablecoin HKDR on Ethereum, and plans to officially list the stablecoin HKDR on HashKey Exchange, Hong Kong’s largest compliance exchange. — link : Wu Blockchain News
Читать полностью…Hong Kong eyes tax breaks for crypto, more trading platform licenses by year-end: officials — link | tl;dr : unfolded.
Читать полностью…The Hong Kong Stock Exchange, the world's sixth largest stock exchange, will launch a virtual asset index series on November 15 to provide a unified reference price for Bitcoin and Ethereum in the Asian time zone. The index will be the first virtual asset index series developed in Hong Kong that complies with the EU Benchmark Regulation (BMR) and will be jointly managed and calculated by UK data provider CCData. — link : Wu Blockchain News
Читать полностью…Bitcoin spot ETFs had a net inflow of $998 million from October 21 to October 25 last week, BlackRock ETF IBIT had a net inflow of $1.15 billion, and ARK 21Shares Bitcoin ETF ARKB had a net outflow of $206 million. Ethereum spot ETFs had a net inflow of $78.89 million last week. — link : Wu Blockchain News
Читать полностью…This week, the United States will release the preliminary value of the Q3 real GDP annualized quarterly rate, the preliminary value of the Q3 core PCE price index annualized quarterly rate, the September core PCE price index annual rate, and the most important October unemployment rate and October seasonally adjusted non-farm employment population. — link : Wu Blockchain News
Читать полностью…According to Tokenomist, the single large-amount unlocking of more than $5m in the next 7d includes TIA SUI MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc., and the linear large-amount unlocking in the next 7d includes SOL WLD TAO AVAX DOGE SEI NEAR DOT BEAM FIL SUI, etc. The total unlocking value exceeds 1.543 billion US dollars. — link : Wu Blockchain News
Читать полностью…NEW: 🇺🇸 St. Louis Fed releases an article on why a gold standard wouldn’t work, listing gold’s lack of a fixed supply as a “significant problem”. 🧐
Know what has a verifiable fixed supply? Bitcoin. : Bitcoin
JUST IN: 🇸🇦 Saudi Arabia to host BlackRock, Goldman Sachs, Citibank, and other top financial leaders this week in Riyadh. : Watcher Guru
Читать полностью…IRAN'S PRESIDENT PEZESHKIAN SAYS TEHRAN IS NOT LOOKING FOR WAR, BUT WILL RESPOND 'APPROPRIATELY' TO ISRAEL'S ATTACK - STATE MEDIA : infinityhedge
Читать полностью…NEW: 🟠 A solo Bitcoin miner has mined block 867,118, thus garnering a block reward of 3.329 BTC, worth $221,690 currently ⚡️ : Bitcoin
Читать полностью…QCP: Trump’s interview on the Joe Rogan Experience podcast has gained significant traction with over 32 million views, driving his Polymarket odds to above 66%. Despite crypto being touted as the "Trump Trade," BTC’s correlation with Trump's odds appears to be weakening as it aims to break $70k and clear its July highs. — link : Wu Blockchain News
Читать полностью…According to L2Beat, the TVL of Ethereum L2 network Scroll has dropped by 15.4% to $1.16 billion in the past seven days. Since October 18, the Scroll network's ETH (Canonically Bridged Tokens) has dropped from 129.7k to 100.6k, a drop of about 22.4%. Since Binance officially started spot trading, the Scroll token SCR has fallen below $0.8, a drop of more than 30% compared to the pre-market trading price. — link : Wu Blockchain News
Читать полностью…Circle remains committed to IPO as USDC growth soars, with no immediate funding needed, says CEO Jeremy Allaire. - DL News : Leviathan News
Читать полностью…Crypto trading venues surge into derivatives to attract investors with high leverage and tighter regulations as new players like D2x, one trading, and GFO-X gear up to challenge market leaders; derivatives now drive 71% of digital asset trading volumes with open interest hitting $40bn. - FT : Leviathan News
Читать полностью…The Bank for International Settlements (BIS) and central bank partners have completed Phase 1 of Project Mandala, proving the feasibility of embedding country-specific regulatory compliance into a shared protocol for cross-border transactions, streamlining efficiency across jurisdictions. - bis.org : Leviathan News
Читать полностью…The Week Ahead | @infinityhedge
Macro:
*U.S. GDP (QoQ) (Q3) on 30
*BOJ Meeting on 31 [widely expected to keep interest rates unchanged on 31, Most BOJ Watchers Expect Another Rate Hike by Jan 2025]
*US PCE on 31
*US NFP & Unemployment Rate on Nov 1
*FED Enters Pre-FOMC Meeting Blackout Period Ahead of Nov. 6-7 Policy Meeting
*Oil Majors Exxon, Chevron, Shell, TotalEnergies and BP are collectively expected to post a 12% profit decline from the Q2.
Earnings: ~20% of S&P 500 Companie to Report Earnings
*Google, AMD, Paypal, VISA, MCD, Snap, Reddit, BP on 29
*Coinbase, MicroStrategy, Robinhood, Microsoft, Meta on 30
*Apple, Amazon, Intel, Uber, Roblox, Block, Shell, on 31
*Exxon, Chevron on Nov. 1
Crypto:
*Closed Alpha for Wayfinder begins on 28
*GRASS Airdrop One Claims on 28
*MakerDAO Brand Recenter Proposal as an Atlas Edit to be voted on from Oct. 28
*Stacks’s Nakamoto Upgrade on 29
*TechCrunch Disrupt 2024 [28-30]
*Chainlink’s SmartCon [30-31]
*Binance Blockchain Week, Dubai [30-31] [CZ will be attending the event]
*Hong Kong FinTech Week [Oct. 28-Nov 1]
Token Unlocks:
$OP: $50M: 2.5% on 31
$TIA: $900M: 80% on 30
$SUI: $100M: 2.5% on Nov. 1
$IMX: $40M: 2% on 1
$ZETA: $35M: 11.9% on 1
$MEME: $50M: 13% on 3
Iran vs Israel: ‘This will not be the last attack – it’s become normalised’ ?
*Israel struck Iran's military targets while avoiding oil infrastructure. Israel claims they damaged Iran's missile production capabilities. Officials hope the attack hurt Iran just enough, but not so much that Tehran will respond with yet another attack. Iran initially didn’t immediately vow to respond. Instead, it played down but later on some iranian Officials including president said that we will “give an appropriate response” to the strikes.
So, now Two likely scenarios ahead:
-Everyone acts cool about it, downplays stuff, moves on
-ego’s gets bruised, hits back harder, and markets go crazy
What Bloomberg Economics Says:
“We expect October’s US payrolls report to show the first negative jobs print since December 2020, well below the consensus forecast of 120k. Much of the weakness is due to weather-related disruptions, but we also see a slowdown in cyclical sectors.
Earnings/Charts/Articles ⬎ : infinityhedge
Vitalik Buterin outlines ways to reduce Ethereum's bloat in 'Purge' upgrade roadmap — link | tl;dr : unfolded. DeFi
Читать полностью…Bisa Bank, the fourth largest bank in the Latin American country of Bolivia, announced the launch of a stablecoin service that allows users to use its services to buy, sell and hold USDT. All transactions must be conducted through the bank's account, and customers must complete a strict identity verification process. — link : Wu Blockchain News
Читать полностью…JUST IN: 🇭🇰 Hong Kong says they will issue more crypto exchange licenses by the end of 2024. : Watcher Guru
Читать полностью…a16z: Based on our analysis using many of the approaches described above, we estimate there are 30–60 million real monthly crypto users today. It’s also just 5–10% of the 617 million global crypto owners reported by Cryptocom in June. This differential suggests there is a huge opportunity to convert existing crypto owners — who are mostly passive holders — into active users. — link : Wu Blockchain News
Читать полностью…Tether CEO Paolo Ardoino introduced Tether's financial reserves at the Plan ₿ Forum in Lugano, Switzerland. Tether currently has $5.58 billion in BTC and $3.87 billion in gold reserves. In addition, Ardoino said that Tether also holds about $100 billion in U.S. Treasury bonds. — link : Wu Blockchain News
Читать полностью…BREAKING: 🇩🇰 Denmark's Minister of Taxation proposes unrealized gains tax onBitcoin and crypto❗️
Danes who own cryptocurrency would be taxed at 42% on value increases and decreases every year, regardless of whether they have sold or not.
If passed, would start Jan 1, 2026 : Bitcoin
FUN FACT: Less than 5% of the global population is invested in crypto. : Watcher Guru
Читать полностью…Tether unveils Local AI SDK at Lugano Plan ₿. A privacy-focused, peer-to-peer-powered toolkit compatible across all devices, supporting diverse AI models and offering fully local, private applications. - 𝕏/@paoloardoino : Leviathan News
Читать полностью…Castle Island partner Nic Carter said that Memecoins are largely a reaction to the SEC's oppressive system. But Cobie stated that the SEC has little impact, mainly because it is almost impossible for ordinary people to buy non-memecoins in the early stage, and different fundraising models are needed. The SEC needs to create crowdfunding-type exemptions for decentralized token projects. — link : Wu Blockchain News
Читать полностью…