The Fed Is the Wrong Regulator for Stablecoins
The U.S. central bank would be conflicted, because stablecoins compete with the Fed’s payments infrastructure and with potential CBDCs.
Solana Hits Record vs. Ether, Outperforms Bitcoin as AI Memecoin Frenzy and Surging Revenues Fuel Rally
Solana was the best-performing asset in the CoinDesk 20 Index through the week, advancing 11%, while BTC and ETH declined.
The Protocol: Justin Sun, Bitcoin Mempool Sniping, XRP for Harris, Inspirational Women
This week’s issue could not be more chock-full of blockchain content. We clarify Tron founder Justin Sun’s role in the WBTC project, bring you excerpts from the new crypto book “Lessons Learned” and highlight inspirational women of Web3 and AI. PLUS a photo from the stage at Cosmoverse.
Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff
Cryptocurrencies weren’t spared as stocks, bonds, gold and oil all declined on Wednesday.
Trump Polymarket Odds Briefly Dip After His No. 2 Bull Adds Bet on Harris
The former president’s probability of retaking the White House slid to 59% Wednesday before rebounding.
Number of Bitcoin Whales Jumps to Highest Since January 2021
Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.
Citibank Debanked Ripple’s Brad Garlinghouse Due to Crypto, Exec Says
The chief of Ripple, Brad Garlinghouse, recounted his own brush with the U.S. government’s pressure on banks to be wary of digital assets, saying Citi dumped him.
Crypto Traders Apparently Spam Truth Terminal Into Pumping Coin Associated With Brian Armstrong’s Dog
Institution Takes $25M Hedge Bet on Derive’s Bitcoin Options Market as U.S. Election Looms
The institution set up a multi-legged strategy in Derive’s onchain options market, generating $25 million in volume.
Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts
The rally in the DXY stalled after the Beige Book report, paving the way for BTC recovery