The Block
Quick Take The first presidential debate between Donald Trump and Kamala Harris ended without mentioning crypto. Cryptocurrency, however, remains a major topic in the upcoming U.S. election.
Quick Take Stablecoin volumes have more than doubled from $650 billion at the start of the year. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Lawmakers on the House Financial Services’ digital assets-focused subcommittee continued to hash out how to regulate DeFi during a hearing on Tuesday. Rep. Maxine Waters, ranking Democrat of the House Financial Services Committee, criticized the Donald Trump-backed crypto project, World Liberty Financial, during the hearing.
Quick Take Former co-CEO of Alameda Caroline Ellison pled guilty in December 2022 following the collapse of FTX, which caused consumers to lose billions of dollars. Ellison’s lawyer asked the judge on Monday to redact some names and information regarding her living situation that they say could put her at risk.
Japan’s Metaplanet buys an additional $2 million in bitcoin, raising its total holdings to $26 million.PayPal and Venmo integrate Ethereum Name Service for crypto payments.Core Scientific eyes a $25-$30 billion valuation via new AI data center contracts.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Now U.S. users of Paypal and Venmo can enter ENS names to send crypto, eliminating the need to copy and paste wallet addresses.
Quick Take Uncertainty surrounding tonight’s Trump-Harris debate is affecting both U.S. equities and the cryptocurrency market, according to QCP Capital analysts. The analysts observed heightened near-term volatility, with the options market implying a movement of more than 3.3% from the current spot price.
Quick Take The Securities and Exchange Commission has fined the crypto industry $7.4 billion since 2013, according to a study published by Social Capital Markets. This year has been the largest on record due to the $4.47 billion fine levied against Terraform Labs.
Bitwise CIO Matt Hougan expects a significant crypto rally after current macro uncertainty starts to lift in the fourth quarter.September is the worst month for bitcoin price performance, with the cryptocurrency falling by an average of 4.5% during its trading history.
Quick Take The Securities and Exchange Commission and the Financial Industry Regulatory Authority approved for tZERO to custody digital assets, according to a statement released by the firm on Tuesday. tZERO’s announcement comes after digital asset firm Prometheum received similar approval last year from the SEC and later from FINRA to allow it to do digital asset securities clearing and settlement services through a similar license.
