The Block
Hyper Foundation announced it will be issuing HYPE, a native token HYPE ahead of HyperEVM’s launch on mainnet.The date for the airdrop was not given.
Quick Take The plan on Monday said that the Democratic presidential candidate “appreciates the ways in which new technologies can broaden access to banking and financial services.” Harris’ comments comes less than a month out before the U.S. presidential election.
Quick Take Venice co-founders share the motivation behind their product, and why maintaining privacy in the age of AI is important for everyone.
Quick Take World Liberty Financial hosted a live stream on X Monday morning to discuss the DeFi protocol ahead of its token launch on Tuesday. Paxos co-founder Rich Teo has joined the team as its stablecoin and payments lead. “Our entire banking system is basically just a big Ponzi scheme,” Donald Trump, Jr. said about what led him to support this protocol.
Quick Take Deutsche Bank will provide Keyrock with multi-currency accounts and foreign exchange services, enabling the digital asset firm to optimize and expand its market-making and OTC trading services. By consolidating services with a single entity, Keyrock can reduce its counterparty and settlement risks.
Relative search volume on Google for the term “bitcoin” has hit the lowest weekly levels in a year — despite a 142% increase in its price during the period.Other crypto-related search terms paint a mixed picture, with “Ethereum,” “NFTs” and “DeFi” also at the lows.Hot topics like “memecoins” are back on the rise.
Quick Take Stocks associated with the cryptocurrency sector rose in pre-market trading. MicroStrategy leading the early-day gains. One analyst said the rally in equities has been bolstered by positive inflation data. The U.S. Producer Price Index came in lower than expected on Friday.
Bitcoin rose 2.14% in the past 24 hours to trade around $64,300 during Monday afternoon trading in Asia.The cryptocurrency surged following China’s weekend fiscal stimulus announcement, boosting Chinese equities.This week’s key economic events include China’s Q3 GDP data and earnings reports from leading U.S. banks.
Digital asset investment products brought in $407 million worth of net inflows globally last week, according to CoinShares.The positive flows were driven by a political shift to the Republicans ahead of the U.S. presidential election, Head of Research James Butterfill said.
