Author: Coindesk

“Currently, [Littio] is the only Latin American neobank using [our vaults], but we have more clients set to come online this year offering different types of USDC-based fintech services,” Jeff Handler, chief commercial officer at OpenTrade, told CoinDesk. Read the full article here

In Hong Kong, for instance, parents who fully own their property are likely to be millionaires already, even if it’s just a tiny one-bedroom apartment. However, for younger generations, including millennials and Gen Z, the ultra-high property prices aren’t just a challenge — they’re a significant financial burden. Many of these owners are weighed down with long-term mortgages that have high interest rates, and are thus struggling to ascend the social ladder. In other words, rapid urbanization means that younger individuals are unlikely to build the same level of wealth through real estate as their once parents did. Read the…

VanEck Ventures, with $30 million in assets under management (AUM), marks a strategic expansion for the firm into the venture capital space, it said in a press release. It will be led by Wyatt Lonergan and Juan Lopez, who both previously led Circle Ventures, the venture arm of stablecoin issuer Circle. Read the full article here

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A large bitcoin options trade anticipates a shift from the present low-volatility regime to a period of heightened price swings, potentially exceeding the $53,000-$87,000 range. The trade saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit. A long straddle is preferred when the market is expected to move far enough in either direction to make the call or the put option worth more than the cumulative premium paid.…

The trade, a so-called long straddle, saw the entity pay a net premium of over $1 million to purchase 100 contracts of the $66,000 strike call and put options expiring on Nov. 29, according to data confirmed by Lin Chen, head of business development Asia at Deribit. Read the full article here

The dominant players remain Tether’s USDT, whose market cap increased by $28 billion to nearly $120 billion with 71% of the market share, and Circle’s USDC, which recorded a market cap rise of $11 billion to $36 billion, a 44% increase YTD, with a 21% market share. Read the full article here

The HBO documentary “Money Electric: The Bitcoin Mystery” sparked significant interest and speculation in the cryptocurrency community about the identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, in the past week. Nakamoto’s true identity, in theory, could be a sudden volatility-boosting event for crypto markets, and past attempts have been unfruitful. Read the full article here

Last week, CoinDesk’s Sam Kessler reported that developers and IT workers employed by the Democratic People’s Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways of raising funds for the national regime. Read the full article here

The dominant model of token distribution in the crypto space these days is the so-called “low-float, high FDV” launch. In this model, projects launch with a low fraction of the total supply in circulation, where most of the supply is locked, typically unlocking gradually after a year. This low circulation is often coupled with, and perhaps even explicitly designed to encourage, a high fully-diluted valuation. According to research by CoinGecko, today nearly a quarter of the industry’s top tokens are low float. Notable recent launches which used this model include Starknet, Aptos, Arbitrum, Optimism, Celestia, and Worldcoin (where an astonishing…