RWA market cap hits $12B in 2024, doubling from last year. Key sectors: tokenized bonds ($2.2B), private lending ($8.3B TVL), commodities, stocks, and real estate. Emerging trends: tokenized air rights, carbon credits, and art.
Solana’s Anatoly Yakovenko critiques $ZKSync’s decentralization, calling it akin to a multisig system. Despite $ZKSync’s governance model with a Token Assembly, Security Council, and Guardians, Yakovenko warns it could still be subject to legal control.
Tether appoints Jesse Spiro, ex-PayPal and Chainalysis, as Head of Government Affairs to enhance regulatory relations amid transparency scrutiny. Tether plans to double its workforce, aiming for better accountability and growth in the digital economy.
MicroStrategy ($MSTR) acquires 18,300 BTC for $1.11B, raising its total holdings to 244,800 BTC valued at $9.45B. With an average acquisition cost of $38,585 per BTC, the firm continues to show strong belief in Bitcoin’s future value.
Sui’s TVL doubles in just over a month, driven by innovative features and robust performance. Increased TVL signals higher liquidity and stability, attracting diverse investors. Enhanced transaction speeds and lower fees boost user experience and platform viability.
$KRAKEN requests a jury trial against the SEC’s allegations of operating as an unregistered securities exchange, broker, and clearing agent. This case could set a pivotal precedent for crypto regulation in the U.S. @SECGov.
Kalshi halts political event betting after Federal Appeals Court orders suspension amid CFTC’s legal challenge to overturn lower court ruling. This pause could lead to major financial losses or the closure of Kalshi, impacting the future of regulated prediction markets.
Bitcoin forecast: $BTC could see price boosts from US Fed rate cuts and historical Q4 trends. A post-election rally and a potential 2025 peak at $100,000 are expected. Investors should remain cautious of US economic conditions.
Bitcoin ETFs in the US attracted $39.02M on Sep 12, 2024, led by ARKB with an $18.34M inflow. Ethereum ETFs saw a $20.14M outflow, with Grayscale GBTC losing $6.51M, reflecting shifting investor strategies.
Congressman John Rose introduces the BRIDGE Act to create a joint SEC-CFTC advisory committee with diverse crypto industry representatives. The initiative aims to shift toward a supportive regulatory framework, potentially positioning the US as a leader in global digital asset regulation.
SEC halts most crypto trading on eToro USA, allowing only $BTC, $BCH, and $ETH. eToro to pay $1.5M for unregistered operations. Users have 180 days to sell other crypto assets. @SECGov increases scrutiny on digital platforms.
U.S. diplomats press Nigeria for the release of Binance exec Tigran Gambaryan, detained since Feb 2024, citing health concerns. Attorney Robert S. Litt seeks Levinson Act application to deem detention unlawful, possibly prompting sanctions.
CFTC halts Kalshi’s election betting market within 24 hours of launch following court order. Crypto analysts predict significant $BTC fluctuations depending on US presidential election outcome, with $30,000 to $90,000 estimates. Kamala Harris and Donald Trump nearly equally likely to win.
Kalshi halts US election trading after CFTC wins court stay. Judge Cobb had ruled CFTC overstepped by blocking election bets. Crypto analysts predict Bitcoin price swings based on election results.
