Staked Ether Is Creating a Benchmark for the Crypto Economy, Says ARK Invest

The growing use of stETH in DeFi protocols means the asset is slowly taking the role of the fed funds rate in the crypto ecosystem, says ARK Invest.Source

U.S. Election Betting: Federal Court ‘Erred’ in Letting Kalshi Launch Prediction Markets, CFTC Says

A federal judge “erred” in letting prediction market purveyor Kalshi list and trade election contracts, attorneys for the U.S. Commodity Futures Trading Commission argued in a brief to an appellate court Wednesday, reiterating many of the arguments it made during its case before the lower court.Source

Sam Altman’s Eye-Scanning Orbs Can Now be Summoned ‘Like a Pizza’, Say Worldcoin Execs

The project will now be know simply as “World” and plans to release “Orb 2.0,” the executives said during a presentation.Source

Jailhouse Block: Elvis Digital Art Collection Inscribed on the Bitcoin Network

A digital art collection of Elvis Presley, “Elvis Side $Btc,” has been minted by OrdinalsBot and IP project Royalty.Source

Crypto for Advisors: Bitcoin’s Price

Bitcoin began to gain wider attention in the October 2023 rally when it became more clear that so-called “spot” ETFs would be approved and launched soon. The launch of 11 ETFs on Jan. 11 was a milestone for the digital asset world and broke ETF records.Source

Four Reasons Elon Musk’s Tesla May Have Moved $760M of Bitcoin

The electric carmaker moved its stash of BTC to new wallets earlier this week, sparking speculation on why it may have done so.Source

CoinDesk 20 Performance Update: HBAR Drops 5.1% as Index Trades Lower From Wednesday

Uniswap also joined Hedera as an underperformer, falling 3.9%.Source

Ongoing Profit-Taking Could Slow Bitcoin’s Move to Record High

Historical data suggests when the bitcoin circulating supply in profit is over 94% we tend to see a sell-off due to profit-taking.Source

First Mover Americas: Bitcoin Recedes to $67K as Crypto Market Sees Slight Dip

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source