The Block
Swift says its plans include testing different multi-ledger settlement methods for transacting tokenized securities.
Quick Take Vitalik Buterin said he will change how he discusses Layer 2 rollups in public communications, such as blogs and talks, starting next year. Buterin plans to only mention Layer 2 solutions that achieve “stage 1+” in decentralization.
Quick Take The odds of Kamala Harris winning the U.S. presidential election rose to 50%, while Donald Trump’s chances of winning stood at 49% on Polymarket. The two candidates’ election odds were tied following Tuesday night’s debate before Trump took the lead on Wednesday.
Quick Take The community members of Vega Protocol have voted to retire its existing Layer 1 blockchain. Following a unanimous governance vote, trading on the Vega chain has been discontinued. The decision to retire the blockchain was based on the lack of traction the network gained in its current form.
Ark and 21Shares’ ARKB led outflows in spot bitcoin ETFs on Wednesday.Spot ether ETFs recorded around $542,870 in net outflows.
With Donald Trump securing victory in the U.S. presidential election and the prospect of a Republican-controlled House and Senate, speculation has begun on what’s next for the crypto industry ahead of his Jan. 20 inauguration.The crypto community wants to see Trump’s campaign promises — including appointing a crypto-friendly SEC Chair, commuting the sentence of Ross Ulbricht, and creating a national strategic bitcoin reserve — fulfilled.
Quick Take Donald Trump’s victory is expected to benefit both gold and bitcoin, JPMorgan analysts said. Bitcoin is predicted to get a further boost thanks to MicroStrategy’s $42 billion bitcoin acquisition plan, the analysts added.
Quick Take BlackRock’s spot bitcoin ETF recorded its largest daily trading volume of $4.1 billion on U.S. presidential election day. The 12 spot bitcoin ETFs traded over $6 billion yesterday, marking their highest daily total since March.
Quick Take Wintermute’s proposal requested that a portion of Ethena protocol’s revenue be allocated to programs related to staked ENA. The proposal also asked for clarity on the past and future revenue allocation of the Ethena protocol.
Quick Take The CFTC’s Office of Customer Outreach and Education partnered with several organizations to disseminate information related to crypto relationship investment, or “pig butchering,” scams. Pig butchering scams have increasingly replaced Ponzi schemes in the last year as criminals attempt to reap higher rewards from more targeted attacks.