While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency. Source
A. With respect to correlation, a volatile asset like crypto is actually very important to decrease the overall volatility of a portfolio. Lowering the overall volatility of a portfolio is important as it helps smooth investment returns over time. This is important for many reasons. For example, an investor could have significant and unpredictable liquidity needs. If they have a portfolio of highly correlated assets and those assets are experiencing a period of poor returns, they would be withdrawing a larger percentage of their portfolio compared to a portfolio that…
The decline in notional open interest masks bullish undercurrents. Source
Futures trades betting on higher prices lost over $230 million in the past 24 hours, liquidations data tracked by CoinGlass shows. BTC and ETH-tracked futures saw over $60 million in long liquidations a piece, while products tracking DOGE, SOL, XRP, and pepe coin (PEPE) recorded at least $4 million in losses. Source
BURN RATE: At the very least one has to give Polkadot credit for transparency. On Tuesday the blockchain project released a lengthy report, including spreadsheets and copies of invoices, detailing its spending over the past six months. No good deed goes unpunished, however, and right on cue, twitterati tore into the project’s multimillion-dollar spending on activities like marketing, advertising, sponsorships, events and influencers. At the highest level, the project spent $87 million worth of its own DOT tokens on various activities during the first half of 2024, a pace that…
“These revisions aim to further promote a consistent understanding of the standard, particularly regarding the criteria for stablecoins to receive a preferential ‘Group 1b’ regulatory treatment,” the committee said in the release. The updated version will be published later this month and must also be implemented by the start of 2026. Source
The DeFi sector’s struggle coincided with a period of lull in the crypto market, with bitcoin (BTC) and DeFi hotbed ether (ETH) consolidating range-bound below their March peaks. ETH, the second largest crypto asset, is down about 6% from its Monday highs and has erased most of its gains since odds for regulatory approval for U.S. spot ETFs jumped overnight in late May. Source
Biden's Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report Source
There is a long history of insurers helping to reduce industrial risks, from cars to buildings. They can play a similar role now in DeFi, where a lack of regulation stifles growth, says Q Rasi, co-founder of Lindy Labs. Source
There are already more than a dozen crypto index funds marketed to investors, ranging from $1 million to several hundred million dollars in assets under management. Here’s why they make sense to investors, says Adam Guren of Hunting Hill. Source