BTC is currently trading around $68,100 and ETH around $2,550. Notable gainers in the last 24 hours are MEW, PYTH, and BEAM. The global crypto market cap is $2.44T, up 2.5% over the last day. DeFi Total Value Locked is ~$89b and BTC dominance is around 59%.
Notable news includes: Vietnam released an official national blockchain strategy to become an industry leader; Zanzibar launched a new blockchain sandbox; local media reported that Argentina is positively changing its stance towards Bitcoin; Denmark proposed taxing unrealized gains on crypto; Tether proposed tokenizing the mineral boron for Turkey; a US appeals court questioned Hermes’ trial win against an artist accused of infringing on Hermes’ rights by making Birkin bag NFTs; Tesla revealed it did not sell any Bitcoin in 3Q; Polymarket stated it identified the Trump whale, who confirmed they own four large accounts and traded based on views of the US election outcome; enterprise blockchain services provider R3 is considering selling itself; web3 infrastructure provider Ankr integrated with TON; Kraken announced it will launch its own layer 2 blockchain called Ink; Ethereum layer 2 Base announced it will implement permissionless fault proofs on Oct 30; Offchain Labs launched Fast Withdrawals allowing Arbitrum Orbit users to withdraw assets to Ethereum mainnet in 15 minutes; web3 game MetalCore announced it will migrate from the Immutable zkEVM to Solana; a report by crypto accelerator Alliance found that 80% of web3 startups launch on Ethereum and Solana; Pudgy Penguins toys launched in 2,000 Walgreens pharmacy stores in the US; a Jito governance proposal suggested sending 3% of MEV tips to its DAO; and, pump.fun released a new tokenized video feature.
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Author:
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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