The Block
Quick Take Polymarket saw record highs in the monthly categories for trading volume, active traders, new markets and cumulative trading in September.
The firm filed changes to three crypto futures ETFs with the U.S. Securities and Exchange Commission on Friday.Bitwise Chief Information Officer Matt Hougan said the objective is to curtain volatility and possibly “improve risk-adjusted returns.”
Quick Take The company formerly known as Cypherpunk Holdings has bought more Solana tokens with capital recovered from FTX. HODL is up over 13% over the past five days.
The IMF has again urged El Salvador to limit the scope of its bitcoin law in ongoing financial talks.TeraWulf has sold its $92 million stake in a nuclear-powered bitcoin mine to fund its AI diversification plans.Hyperliquid has climbed to the top in daily trading volume among decentralized perpetual swap platforms.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take Coinbase announced it will delist stablecoins that are not compliant with the European Union’s comprehensive MiCA guidelines by the end of the year. The Markets in Crypto Assets guidelines are the most advanced set of regulations for the blockchain sector to date.
With the decline in yields on 13-week U.S. Treasury bills, gold has risen by nearly 5%, prompting CryptoQuant analysts to propose that bitcoin could also gain from this trend.An analyst added that while the increase in global money supply typically indicates positive momentum for bitcoin, the current record-high M2 has not yet been fully reflected in the digital asset’s valuation.
Quick Take The collection of 10,000 NFTs is based on the “Captain Laserhawk: The G.A.M.E” show on Netflix. Holding an NFT for the multiplayer shooter game gives users access to rewards, content generation and influence over governance decisions.
The crypto market is showing increased stability after a week of heightened volatility, according to Coinbase analysts.Following significant liquidations and a broader exodus from risk assets, the market’s dynamics will be influenced by the Fed’s stance on interest rates and the upcoming U.S. elections, they added.
Quick Take Over the past few years, the agency has brought hefty cases against big industry players, including against crypto exchange Coinbase, for not registering lawfully with the agency. The agency could also go for a less aggressive approach and come to some compromises in ongoing cases.
