The Block
Quick Take A rise in volatility means traders have a two-in-three chance of seeing swings of nearly 10% in the price of Bitcoin and Ethereum following Tuesday’s election, according to an analysis by Nick Forster, founder of DeFi options protocol Derive.xyz.
Quick Take This is an excerpt from the thirteenth edition of The Funding sent to our verified subscribers on Nov. 3. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Quick Take Solana had over 123 million active addresses on the network last month, reaching its highest level.
Quick Take The Monetary Authority of Singapore today published two new frameworks, aimed at supporting further tokenization efforts for funds and fixed-income instruments. The MAS also formed a “Guardian Wholesale Network” to scale the usage of tokenization practices.
Quick Take Bitcoin price climbed to hit its new high record of $106,352 on Sunday. Analysts predict bitcoin price may see more upward momentum through the end of the year and into 2025.
Quick Take This is an excerpt from the 17th edition of The Funding sent to our subscribers on Dec. 15. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Quick Take Two Ethereum researchers, Justin Drake and Dankrad Feist, announced simultaneously that they were dropping their positions as advisors for Ethereum restaking protocol EigenLayer, for which they were paid in significant sums of Eigen tokens, sparking questions regarding conflicting interests. A promised conflict of interest policy from the Ethereum Foundation has failed to materialize publicly, though one researcher hinted at its existence in his post.
Quick Take Donald Trump’s odds of winning the presidency on prediction markets Kalshi and Polymarket have fallen more than 10% from their relative highest values as Tuesday’s election draws near. A French man who has placed large bets in favor of Trump on Polymarket denied any political agenda or connections in an interview with the Wall Street Journal.
Quick Take Strive Enterprises, an asset manager co-founded by former Presidential candidate and current Trump surrogate Vivek Ramaswamy, announced the creation of its wealth management business. The business aims to integrate Bitcoin into “standard portfolios of everyday Americans” and launches amid a corporate move and the closure of a $30 million investment round.
