Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It’s time to tear down the walls. Source
Aggregation Is the Only Way to Unify Web3
Category: ICO
Tokenized Treasuries Like Blackrock’s (BLK) BUIDL Will Challenge Stablecoins But Won’t Fully Replace Them, JPMorgan (JPM) Said
The report also said the amount of “idle cash” within stablecoins is hard to calculate, but it is unlikely to “represent the majority of the stablecoin universe.” For this reason, tokenized treasuries, such as Blackrock’s BUIDL, will likely only replace a small part of the stablecoin market, JPMorgan noted. Source
Netherlands Starts Consulting on Crypto Tax Reporting Bill
The Netherlands launched a consultation on Thursday on a bill that would require crypto services to share their users’ data with tax authorities. Source
CoinDesk 20 Performance Update: APT Falls 2.7%, Leading Index Lower
NEAR Protocol also joined Aptos as an underperformer, falling 2.2% from Thursday. Source
Bitcoin Falls Back Below $68K, Still Outperforms Broader Market
Bitcoin traded between $67,500-$67,900 during the European morning following a retreat from above $68,000. BTC remains over 1.2% higher in the last 24 hours, outperforming other major tokens, which have posted more modest gains. ETH and SOL have risen around 0.75%, while DOGE is up nearly 1%. The broader digital asset market, as measured by the CoinDesk 20 Index, has risen just under 0.8%. Bitcoin looks on course to close the week over 1% lower, according to CoinDesk Indices data, having failed to sustain any of its ascents north of…
Polymarket Is Huge Success for Polygon Blockchain – Everywhere But the Bottom Line
“Now, that’s very different from, let’s say there’s somebody who comes and builds an order book DEX on Polygon PoS,” he said. “If they were doing $20,000 of fees over multiple months, it would be a massive failure, because you would expect massive numbers of orders placed and canceled and filled, then that would drive huge numbers of transactions. So the key here is like, different applications have different intended purposes.” Source
Michael Saylor’s MicroStrategy (MSTR) Makes New Highs as Trading Volume Relative to Nvidia Surges
With a year-to-date gain of over 240%, MSTR has outperformed NVDA’s 192% surge by a big margin. Since MSTR adopted bitcoin as a treasury asset in August 2020, the gap has grown even bigger, with MSTR up 1,800% versus NVDA’s 1,150%, that’s probably the best evidence of MicroStrategy and its CEO Michael Saylor’s success. Source
Newly-Qualified Crypto Custodian Balance Aims to Bring ETF Assets Held in the U.S. Back to Canada
The bigger picture concerns the growth of the crypto sector in Canada more broadly. The amount of crypto collectively held in Canada’s ETFs might not seem like a big deal right now, Bordianu says, but given the growth of things like tokenized real world assets and the proliferation of stablecoins, Canada needs to focus on building its own infrastructure to handle these assets. Source
Bitcoin (BTC) Price Has Less Than 10% Chance of Reaching $100K by Year-End, Options Market Data Shows
Options-implied probabilities are calculated by using the Block-Scholes model or other pricing models that take into account factors like current spot market price, strike price, time to expiration, volatility, and the risk-free rate. Options-based probabilities are positively correlated with implied volatility: The greater the volatility, the higher the odds of bitcoin hitting certain levels. Source
Donald Trump Win Odds Spike to 99% on Polymarket For One Trader
The “GCorttell93” account purchased over 4.5 million Trump contracts in the “Presidential Election Winner 2024” market spending over $3 million in a short period. However, due to how the orderbook works, a tranche of $275,000 was filled at 99% odds – a leap from the actual 63% offered odds at the time. Source