IBIT options went live Tuesday in a first, a move that market participants widely expect to draw more institutional interest in bitcoin (BTC). In September, the U.S. SEC approved options for several of the 11 spot bitcoin ETFs on several exchanges, and more options products are expected to be available in the coming days. Source
Trump has named his transition team co-chair, Cantor Fitzgerald CEO Howard Lutnick, as commerce secretary. Earlier, Lutnick was fiercely jockeying to become treasury secretary, which now looks to be going to Key Square Group founder Scott Bessent, Apollo Global Management CEO Mark Rowan or former Federal Reserve governor Kevin Warsh, who are top contenders. Source
The YouTube competitor had about $131 million of cash and cash equivalents on its balance sheet as of the end of the third quarter. Source
The protocol’s rejuvenation is driven by elevated perpetual funding rates, with more catalysts ahead for growth. Source
Power and profits took center stage in a confusing morning. Source
Imagine a situation where an agent engages another agent to complete a specific task such as paying invoices and following up with clients via emails. In this scenario, agents might receive numerous of those tasks, with payments unlocked as these tasks are completed( ex: an invoice is successfully paid). The nascent state of the AI agent market is a challenge to making any of these scenarios work in practice. Therefore, the evolution of payment transactions in agentic workflows will likely not follow a straightforward path to crypto adoption and may…
Cantor Fitzgerald’s history is marred by tragedy: 658 of its employees were killed on 9/11, almost one-third of its global team. Because it lost so many workers, the company was forced to embrace electronic trading instead of how things conventionally worked in the Treasury market: human brokers calling or visiting clients. Today, Wall Street is embracing crypto and blockchains as a way to disrupt old ways of doing business and keeping records. Source
“Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland and the EU,” the company said Tuesday. “Paxos intends to make its portfolio of assets and tokenization solutions compliant with Markets in Crypto Asset (MiCA) regulations.” Source
The new product aims to give access to T-Bill investments for individuals and organizations who were previously unable to invest in these products, the press release said. Source
Render was also among the top performers, gaining 5.1%. Source