Wednesday, October 30, 2024

Wednesday, October 30, 2024

The Daily: Bitcoin ETFs record third-largest daily inflows, Trump win could impact Bitcoin less than Ethereum and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Kraken sheds ‘organizational layers’ as board member Arjun Sethi steps up as co-CEO
Kraken has gone through a round of layoffs in a bid at operational efficiency, a representative confirmed to The Block....

Solana scaling infrastructure developer Nitro Labs raises $4 million in seed funding
Nitro Labs, the team behind Termina, a Solana scaling infrastructure platform, has raised $4 million in a seed funding round....

US Treasury says stablecoin growth is increasing demand for T-bills
The U.S. Treasury said it estimates that $120 billion of stablecoin collateral has been invested in Treasuries....

OpenEden fires employee following drugging allegations in Hong Kong
OpenEden, the real-world asset firm co-founded by DWF Labs partner Eugene Ng, has terminated the employee accused of drugging a woman....

Post-election regulatory environment is more important for Ethereum, altcoins: Bitwise CIO
A Donald Trump win would be more impactful for Ethereum and other altcoins, according to Bitwise CIO Matt Hougan....

Test token for Magic Eden’s forthcoming airdrop crosses $6 million market capitalization
The test token helps Magic Eden check the overall flow for users claiming ME, the platform's future ecosystem and utility token....

=nil; Foundation launches testnet looking to tackle scalability and fragmentation issues on Ethereum
In some sense, the protocol is keeping Ethereum’s original vision of using sharding to scale the network alive....

WhatsApp-based payment startup Felix partners with Zero Hash to improve international remittance service
The partnership is aimed at boosting the speed and ease of cross-border payments through the use of stablecoins when making money transfers....

Crypto Council for Innovation boosts its staking advocacy through new partnerships with the Proof of Stake Alliance, others
Crypto Council for Innovation is planning to delve more into staking as the advocacy group makes key moves to expand its outreach efforts. ...

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