Tokenized Treasuries Like Blackrock’s BUIDL Will Challenge Stablecoins But Won’t Fully Replace Them: JPMorgan
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.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
First Mover Americas: Bitcoin Falls Back Below $68K, Still Outperforms Broader Market
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
MicroStrategy Touches New Highs as Trading Volume Relative to Nvidia Surges
Microstrategy hits 17% of the trade volume of nvdaSource
Newly-Qualified Crypto Custodian Balance Aims to Bring ETF Assets Held in the U.S. Back to Canada
Earlier this week, Canadian crypto custody specialist Balance announced it had become a qualified custodian in the country.Source
The Popular $100K Year-End Goal for Bitcoin Has Less Than 10% Probability in Options Market
The low pricing seems consistent with stable and rangebound implied volatility.Source
Bitcoin Liquidity Could Flow to Cardano Ecosystem With New BTC Bridge
EMURGO, a founding entity of Cardano, will be among ecosystem buildings developing tools and services to attract the BTC capitalSource
Polymarket Trader Betting on Donald Trump Win Ends Up Getting 99% Odds
Low liquidity led to massive slippage for one entity trying to buy up Trump “yes” shares in a short period.Source
Pennsylvania House of Representatives Passes Crypto Bill to Bring Regulatory Clarity: Report
The bill aims to provide regulatory clarity for digital assets, including self-custody rights, bitcoin payments, and transaction taxation.Source