Libeara and FundBridge Capital have launched a tokenized fund of US Treasury bonds on the Ethereum blockchain. 📉

- The Delta Wellington Ultra Short Treasury On-Chain Fund provides digital access to US bonds.
- Expansion is planned to Arbitrum, Avalanche, and Solana.
- Libeara promises transparency and efficiency in fund management.
- Leading financial institutions such as Wellington Management and Standard Chartered Bank support the project.

Stay informed!

BlackRock reached $30 billion in Bitcoin ETF 💰

- The world's largest asset manager, BlackRock, surpassed the $30 billion mark in its Bitcoin ETF in less than 10 months.
- The BlackRock ETF holds over 417,000 BTC, which amounts to $30.4 billion at current estimates.
- Inflows into the Bitcoin ETF are increasing ahead of the U.S. presidential elections, which may impact the price of BTC.

Source: ishares.com, Farside Investors

Starknet reached a new peak of 857 transactions per second (TPS) during a stress test, but the average over 24 hours was 127.5 TPS. This shows the potential of the network, but raises questions about long-term scalability. 🧐

StarkWare CEO Eli Ben-Sasson noted that the test demonstrated Starknet's "firepower" in conditions familiar to gamers, without the complexities of blockchain technology.

However, real-world performance may face unpredictable challenges, as was the case with Ethereum and Solana.

Nillion attracted $25 million for its decentralized privacy platform, which does not require a blockchain. This is already the second funding round this year, following February's.

- The round was led by Hack VC, supported by Distributed Global, Hashkey, and industry leaders.
- Nillion claims to have created the world's first "blind computer".
- The platform offers quantum-secured messaging and encrypted trading platforms.

📉 The question remains: how will this impact the market?

Pyth Network has surpassed Chainlink in transaction volume over the past 30 days, despite having a lower total value of secured assets (TVS). This is due to the Pull Oracle model, which provides data on demand, making it ideal for high-frequency applications such as trading. 📉

Niklas Kunkel noted that Chainlink is losing market share to competitors like Pyth and Redstone. Pyth achieved $36 billion in transaction volume over the past 30 days, highlighting the demand for high-frequency data.

📉 Attention, crypto enthusiasts!

- Bitcoin could reach $200,000 without a dollar collapse, claims Bitwise CIO Matt Hougan.
- Hougan believes that BTC will become the new "store of value," while governments continue to "abuse" fiat currencies.
- Comparing to gold, BTC could reach $400,000 if it captures half of the gold market.
- In conditions of economic uncertainty and geopolitical tension, the demand for traditional assets is increasing.

Visa and Coinbase have announced a partnership that will allow users to instantly deposit and withdraw funds using Visa debit cards. 🇺🇸 and 🇪🇺 customers will be able to deposit and buy cryptocurrency in real time.

The proposal comes as interest in crypto services has waned since the FTX crash in 2022. The EU is under the MiCA regulation, and in the US, crypto companies are actively influencing elections in hopes of favorable regulations.

The trading volume of the BlackRock Bitcoin ETF surged to $3.35 billion on October 29 — a six-month high. Analysts attribute this to panic buying of BTC, which is trading at $72,390, just 2% below a new record. 🤔

The total trading volume of all Bitcoin ETFs in the US reached $4.64 billion, but this does not necessarily indicate an influx of new capital.

Be cautious and monitor the trends!

Florida Considers Bitcoin Investments for Pension Funds

- Florida's Chief Financial Officer Jimmy Patronis has proposed investing a portion of the state's pension funds in Bitcoin.
- Patronis believes that Bitcoin, as "digital gold," can diversify the portfolio and protect against the volatility of other assets.
- He called on the State Board of Administration (SBA) to prepare a report on the risks and benefits by March 2025.
- If Florida makes this decision, it will join the states of Wisconsin and Michigan, which are already investing in cryptocurrencies.

Bitcoin on the verge of a new record, but retail investors are not in a hurry. 📉

- On October 29, Bitcoin nearly reached $73,562 but then fell to $72,300.
- According to Google Trends, interest in "Bitcoin" is at 23 out of 100 compared to the peak in May 2021.
- Coinbase is ranked 308 in the App Store, although it rose 167 positions in a day.
- Analysts from CryptoQuant note that retail investors are slowly returning, but their activity is at a minimum since 2020.

dYdX Trading laid off 35% of its employees, and the new CEO Antonio Juliano hinted at a change in the company's direction. 🚀

- Juliano returned to the CEO position on October 10 and immediately stated the need to "revitalize" the company.
- Consensys, the creator of MetaMask, also reduced its staff by 20% for increased flexibility.
- dYdX has had a challenging year, including a domain attack and discussions about selling software.

The future of the company remains uncertain.

DWF Labs partner fired after allegations of spiking drink of Hong Kong bar job candidate.

- DWF Labs announced the partner's dismissal on October 29.
- The victim, venture capitalist "Hana," claims her drink was spiked while she was in the restroom.
- The partner allegedly tried to lure her to his hotel after the incident.
- Hana filed a police report and obtained CCTV footage.

🕵️‍♂️

The U.S. Department of the Treasury has released a national strategy for financial inclusion, identifying cryptocurrencies as a potential risk to consumers. The report highlights the need to improve access to safe financial products and services, as well as to protect consumers from illegal practices. Vice President Kamala Harris supported expanding access to capital and credit. However, cryptocurrencies like Bitcoin are not considered a means of financial inclusion. 🧐

Circle is raising fees for USDC exchanges again! 💸

- Starting from September, the company will charge fees for daily exchanges over $2 million.
- New fees start at 0.03% and go up to 0.1% for large transactions.
- USDC can be exchanged without a fee if you wait up to two days.

Competition in the stablecoin market is growing, and Circle is preparing for an IPO and moving to Wall Street by 2025. However, the market share of USDC is declining against the backdrop of regulatory measures in the USA.

Solana (SOL) is trading above $180 again after 3 months of struggle. The monthly growth of 16.3% to $183 coincided with Bitcoin (BTC) rally, but do Solana's data support further growth?

- Deposits on the Solana network reached 42.5 million SOL, the highest since September 2022.
- Solana surpassed BNB Chain and became the second by TVL volume, only behind Ethereum.
- DEX volumes on Solana increased by 19% over the week, surpassing Ethereum.

📉 Questions about long-term sustainability remain.

Bitcoin miners are cutting costs and adopting AI to cope with the aftermath of the April halving, CoinShares reports.

- BTC mining costs are rising, leading to mixed results among miners.
- Block rewards have dropped from 6.25 BTC to 3.125 BTC, increasing the cost of mining.
- The average cost of mining one BTC is now $49,500.
- Some miners, such as Cormint and TeraWulf, are paying $15,000 and $19,000 per BTC in electricity.

Miners are looking to new sources of income, including AI, to offset losses.

Solayer and OpenEden launch a yield-bearing stablecoin on Solana (SOL), backed by US Treasury bonds. The new token sUSD is the first of many tokenized assets that Solayer plans to release on Solana. Users can exchange USDC for sUSD, gaining access to real assets for just $5. 🌐

The demand for tokenized assets is growing, but the market remains unstable.

Chris Larsen, co-founder of Ripple, supported Kamala Harris for the presidency of the United States, citing her crypto policy. In an interview with CNBC, Larsen stated that "the war on crypto is over" and expressed confidence in Harris's economic message, which supports innovation in the U.S.

- Larsen donated about $12 million to support Harris, primarily in XRP.
- PACs supported by Coinbase and Ripple are spending millions on Congressional elections.

📉

Grayscale has launched new ETFs on Bitcoin and Ethereum, attracting over $750 million. Mini-trusts with low fees (0.15%) have become popular among investors, displacing older funds with high fees. The fee war continues, but is it worth investing in such funds? 🤔 Questions remain, especially considering the $20 billion outflows from older trusts.

Fairshake PAC Spends $760,000 to Support Wisconsin Republican

- Fairshake, a crypto PAC, is backing Republican candidate Brian Steil in the Wisconsin race.
- $760,000 spent on media campaign a week before the election.
- Steil supports crypto-friendly legislation.
- Republicans control the House, but that could change in January.

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