Author: Coindesk

Scroll was selected by Donald Trump-affiliated project World Liberty Financial to be the layer-2 blockchain of choice, with a planned deployment along with its debut on Ethereum. (Although as chronicled by CoinDesk this week, initial demand for the project’s new tokens has proven to be minimal relative to the overall amount allocated to a public sale, and at $13 million so far has not even come close to meeting a $30 million reserve needed to cover expenses.) Read the full article here

In its NYSE approval, the SEC wrote that it believes options on the bitcoin ETFs “would permit hedging, and allow for more liquidity, better price efficiency, and less volatility with respect to the underlying Funds,” as well as “enhance the transparency and efficiency of markets in these and correlated products.” Read the full article here

Additional applications extend far beyond methane detection. The system can be adapted to monitor air quality in urban areas, water quality in rivers and lakes, and identify deforestation hotspots. By incorporating a more horizontal protocol approach to standardized data formats and interoperability, the system can seamlessly integrate data streams from various monitoring applications for a breadth of use cases. This view allows for a more comprehensive understanding of the interconnectedness of environmental systems and challenges, empowering the development of integrated and effective environmental policies. It provides policymakers, researchers, and the public with unprecedented access to reliable, real-time environmental data, empowering…

And so, somehow, Crypto.com has reached the precipice. If it wins the first “ripeness” issue and is allowed to bring its case, little stands in its way. Its arguments on the merits are strong, and there are few courts more sympathetic to those arguments than E.D.Tex. From there it would go to the Fifth Circuit, the court the SEC fears the most. And then, just maybe, the Supreme Court, where it would have a sympathetic panel and one of the most experienced appellate attorneys in the country to make its case. Read the full article here

State Street sees significant potential in tokenized collateral asset in traditional finance, too. Donna Milrod, the bank’s chief product officer, said in an interview this month that collateral tokens could help mitigate liquidity stress during financial crises, for example allowing pension funds to post money market tokens for margin calls without selling underlying assets to raise cash. Read the full article here

When it came to the technology trilemma, at least in the case of Ethereum, the network was long seen as having strong decentralization and robust security, but seriously constrained when it came to capacity. Today, while the trade-offs between these different priorities have never gone away, blockchains themselves have advanced so enormously that in all three areas, most users consider them to be “good enough.” Read the full article here

At $2,718, gold is up 32% year-to-date and on its way to its best annual performance since 2010, when it rose 38%. The S&P 500, meanwhile, is ahead about 23% for 2024. Though not joining in the fun of new records after what’s now a seven-month period of sideways-to-lower prices, bitcoin remains higher by over 50% year-to-date. Read the full article here

Benchmark believes MicroStrategy’s business model justifies the premium to NAV and that traders should focus on the company’s BTC Yield. Introduced by Saylor and team earlier this year, Bitcoin Yield tracks the effectiveness of bitcoin investments by measuring the percentage change over time of the ratio between MSTR’s bitcoin holdings and its fully diluted share count. The Bitcoin Yield stood at 17.8% through September 19 compared to 1.8% and 7.3% in 2022 and 2023, respectively, according to Benchmark’s data. Read the full article here

Bitcoin made another attempt to establish a foothold above $68,000 early in the European morning before pulling back and trading around $67,800. BTC has gained about 1.35% in the last 24 hours, outperforming the broader digital asset market, as measured by the CoinDesk 20 Index, which is just under 0.8% higher. Bitcoin has also risen nearly 9% this week, according to CoinDesk Indices, amidst strong uptake for spot BTC ETFs. The U.S.-listed funds have seen inflows of $1.86 billion since Monday, which, even with one day remaining, is their highest tally since the second week of March, according to data…

“The Trump/Vance ticket has publicly endorsed digital asset reform, Republican control of the Senate would be important for passing bills like FIT21 and confirming pro-crypto agency leaders,” analysts led by Peter Christiansen wrote, adding that “the pace of digital asset reform would likely move faster with both chambers of Congress aligned.” Read the full article here