Tokenized U.S. Treasury Market Grows Nearly 600% to $698M as Crypto’s RWA Race Intensifies

Tokenized versions of U.S. Treasuries grew nearly seven-fold so far in 2023 as competition between investment offerings and blockchain venues intensified.Source

Starknet Foundation Showers STRK Tokens on Contributors, Though They’re Not Trading Yet

The foundation, formed in November 2022 after the initial developer StarkWare minted 10 billion STRK tokens, is now awarding early contributors to the Ethereum layer-2 network – even though they’re locked for trading at least until next April.Source

Marshall Islands Further Strengthen’s Law That Made DAOs Legal Entities

The Republic of the Marshall Islands has passed legislation that takes its already advanced law for decentralized autonomous organizations (DAOs) a step further.Source

CME on the Cusp of Replacing Binance as Top Bitcoin Futures Exchange

With a notional open interest (OI) of $3.54 billion, CME is now the second-largest bitcoin futures exchange.Source

Thailand’s Kasikorn Bank Buys Majority Stake in Satang Crypto Exchange for $103M

The move continues a trend of Thailand’s major traditional financial institutions moving into crypto.Source

Sam Bankman-Fried Started Buying Solana’s SOL at 20 Cents Using ‘Alameda Profits,’ He Says at His Trial

“I believed the funds came from Alameda’s operating profits” as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.Source

Protocol Village: New DYdX Chain to Use DYDX for Staking, Pay Out Fees in USDC

The latest in blockchain tech upgrades, funding announcements and deals. For the week of Oct. 16-22, with live updates throughout.Source

Bitcoin’s 14% Weekly Gain Signals ‘End of an Era’ as Big Tech Dumps, Analyst Says

Bitcoin’s advance this week coupled with gains across all digital asset sectors, highlighting the breadth of the crypto rally.Source

Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC

Cryptocurrency exchange Gemini has sued lending firm Genesis Global over 60 million GBTC shares that were pledged as collateral for Gemini’s Earn users.Source