Author: Coindesk

Realms isn’t the first piece of the Solana ecosystem to emerge from Solana Labs, the blockchain’s main developer company. Metaplex, the entity underpinning Solana’s non-fungible token (NFT) technology also did, said Matty Taylor, himself a Labs veteran who went on to independently run hackathons for the entire ecosystem. Read the full article here

The service, QuarkID, has been integrated into miBA, the city’s seven-year-old app for accessing municipal services and documents. The idea, in short, is to give 3.6 million porteños – residents of Buenos Aires – greater control over their personal information. The ZK proofs will let users show that a document has indeed been authenticated by the government without disclosing information that is irrelevant to the task at hand. Read the full article here

Most of the crypto space is breaking the law, according to the narrative he stands by, and its practitioners are threatening people’s money with dicey business practices while they continue to evade compliance. Just last week, the SEC sued one of the biggest trading firms in financial markets (crypto and traditional assets alike), Chicago-based DRW, accusing the company of not getting proper permission to trade crypto assets. Gensler, who declined to be interviewed by CoinDesk for this story, has drawn that line in the sand and has spent years proving he won’t budge from it. Read the full article here

The Sunday general election comes as Shigeru Ishiba, the Liberal Democratic Party leader who became prime minister in September, seeks to solidify his position following a party campaign funding scandal. His predecessor, Fumio Kishida, was a strong advocate for web3, referring to it as a “new form of capitalism”. Read the full article here

Open interest, or the number of active APE options contracts, surged by over 800% to 263,000 ($394.5K) in one day, PowerTrade told CoinDesk Monday, adding that call options or derivatives, offering an asymmetric upside potential, account for over 80% of the tally. Call buyers are implicitly bullish on the underlying asset. Read the full article here

This is a long-winded way of saying the market is never “wrong.” It simply reflects all available information. If you correctly disagree with the market, you can be rewarded for that belief, by betting yourself. U.S. users have alternatives to Polymarket, which is barred from serving them under a regulatory settlement. If you believe the Polymarket whale a) has meaningfully pushed up the price of the Trump contract, and b) is wrong, you can simply bet against him or her or them by going long on Harris. Even though it’s not risk-free – Harris still needs to win for your…

While significant, his millions are overshadowed by the overall crypto industry’s campaign involvement, led by the super PAC Fairshake. That group’s $169 million in donations – primarily from Coinbase Inc. (COIN), Ripple Labs and Andreesen Horowitz (a16z) – has not only dominated the crypto sector’s election involvement but has put it among the biggest sources of campaign cash in the 2024 elections. Read the full article here

“By leveraging AI and Chainlink oracles to interpret, standardize, and deliver high-value unstructured data, we can dramatically reduce the manual processes required, enabling significant potential operational efficiency and cost reduction,” said Mark Garabedian, Wellington Management’s director of digital assets and tokenization strategy. Read the full article here

Seeing how current President Joe Biden’s administration has approached crypto, which Geraci characterized as “combative, overall,” and taking into account Harris’ powerful position in that administration, it is fair to assume that the status quo would continue under her leadership, according to Geraci. Read the full article here

Checking possible catalysts for today’s action, one need look no further than the recent price movement: bitcoin had risen in near-continuous fashion since dipping to just under $60,000 eleven days ago – a modest reversal was surely in the cards at some point. There’s also been a sharp rise in interest rates across Western economies on Monday, among them 10 basis point gains in both the U.S. 10-year Treasury yield and the German 10-year Bund yield. Other things being equal, higher rates can often pressure prices of risk assets, bitcoin among them. Read the full article here