I hope you had a good weekend, folks. In today's Daily, Monad begins rolling out its testnet, Bernstein outlines the upcoming catalysts for bitcoin to reach $200,000, Tether-backed firm Quantoz launches MiCA-compliant stablecoins and more.
Meanwhile, options trading on spot bitcoin ETFs could go live this week after the OCC says it's "preparing for clearance."
Let's get started.
The highly-anticipated Ethereum-compatible Layer 1 Monad has begun rolling out its testnet as part of a phased release, a source told The Block.
Analysts at research and brokerage firm Bernstein have outlined the key upcoming catalysts that could propel bitcoin's price to their cycle target of $200,000 in 2025.
Netherlands-based Quantoz Payments has launched MiCA-compliant stablecoins USDQ and EURQ, pegged to the dollar and euro, on the Ethereum blockchain.
MicroStrategy acquired another 51,780 BTC between Nov. 11 and Nov. 17 for approximately $4.6 billion at an average price of $86,627.
Goldman Sachs is in talks to spin out its digital assets platform into a new company within 12-18 months, enabling large financial firms to create, trade and settle assets via blockchain, subject to regulatory approvals, Bloomberg reported.
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