Author: Coindesk
Several countries have approved listings of spot crypto ETFs after the launch of the funds in the U.S. in January, though all have been significantly smaller in scale than their U.S. counterparts. Last week, South Korea’s news1 also reported that the country’s Financial Services Commission would consider allowing crypto ETFs. Read the full article here
If the proposal is approved by Ethena’s Risk Committee – which is independent of Ethena Labs – SOL will be gradually integrated as a collateral asset for USDe, with an initial allocation target of $100-200 million in SOL positions. This initial allocation would represent roughly 5-10% of SOL’s open interest, similar to its 3% stake in BTC’s global open interest and 9% in ETH. Read the full article here
Bitcoin, the leading cryptocurrency by market value, rose to nearly $63,500 during North American hours, probing a downtrend line characterizing the pullback from late September highs above $66,000, according to data source CoinDesk and TradingView. Prices topped $63,400 late Friday but failed to sustain the move and dipped to $62,400 early today. Read the full article here
Bitcoin, the leading crypto asset by market capitalization, shot up 7% from Thursday’s trough below $59,000 after the hotter U.S. CPI inflation report, bucking this week’s trend of giving up gains during the U.S. trading hours. Recently, BTC was up 5.5% over the past 24 hours, outperforming the broad-market CoinDesk 20 Index’s (CD20) 4.7% advance. Read the full article here
Nodes can feed a family, but more importantly, they can fund human capital. The person working a menial job, by owning a node, might have enough income now, to have the luxury of time to create new things, new ideas, new localized businesses based off of the learnings from running a node. Read the full article here
Members of the Trump family, including Donald Trump, publicly championed the project on social media, with the former president being titled as “Chief Crypto Advocate” Two of his sons, Eric Trump and Donald Trump Jr., are involved as “Web3 Ambassadors,” while his other son Barron Trump is listed as “DeFi Visionary.” Read the full article here
One of Scroll’s core contributors, named sandyzkp on X, responded to criticism by saying, “Binance is more than just a listing, it’s the best channel to reach global distribution, it will open the on-ramp and off-ramp channels and help us grow to the next stage, especially in emerging markets.” Read the full article here
The crypto derivatives market has booked $3 trillion trading volumes last month, more than double of the size of the spot market, according to a CCData report. The implosion of FTX, however, dealt a significant blow to the sector, while market leader Binance’s dominance sank to a four-year in September. Read the full article here
But, even with these advancements, Ethereum is still improving at a slow place with the network stuck in the middle of the scaling roadmap, a less exciting time where Merkle Trees, zkSTARKS, account abstraction, and technologies that unify desperate L2s are coming to fruition. Read the full article here
A defiant Salame, who had taken to social media to criticize his prosecution, was originally supposed to start serving more than seven years in prison on August 29 but told the court he’d been injured by a large German shepherd, leading to his reporting date being postponed to Oct. 11. He requested another extension earlier this week, ostensibly to continue treating the same dog bite. Read the full article here