25 October 2024
Macro/TradFi
Stripe acquired stablecoin platform Bridge in a $1.1 billion deal, the largest acquisition in the crypto industry to date.
China's central bank cuts lending rates by 25 basis points to boost economic recovery.
At the annual summit in Kazan, BRICS leaders advocated using Bitcoin to bypass Western sanctions. Putin criticized the weaponization of the dollar, calling it 'a great mistake.'
The Bank of Canada cut its benchmark interest rate by 50 basis points to 3.75% on Wednesday, marking its fourth consecutive cut since June.
Denmark may tax unrealized crypto gains and losses beginning as early as 2026.
Microsoft shareholders to vote on Bitcoin investment proposal. The board advises against it.
Crypto
L1/L2:
Yuga Labs, creator of Bored Ape Yacht Club (BAYC), has launched ApeChain, a consumer-focused Layer 3 developed on Arbitrum One.
Scroll's native governance token, SCR, launched earlier this week with a market cap of around $212 million.
Kraken to launch Ethereum L2 'Ink' for DeFi in early 2025, built on Optimism’s Superchain.
DeFi:
Pump.fun, the memecoin platform on Solana, announced a future token release and unveiled its upgraded trading terminal, "Pump Advance".
Uniswap Labs announced permissionless bridging across nine blockchain networks directly from the Uniswap Interface and Uniswap Wallet.
MakerDAO contemplates dropping the Sky rebrand after a lukewarm reception for the Sky governance token. A formal governance poll is scheduled for November 4.
NFT:
Solana-based NFT platform Magic Eden added Berachain and ApeChain, reaching nine supported blockchains and nearing its year-end goal of ten.
Ubisoft, the publisher of Assassin’s Creed and Just Dance, launched its first original NFT game, Champions Tactics: Grimoria Chronicles, on Wednesday.
Others:
MetaMask and Space ID have teamed up to simplify digital asset transactions and wallet access. Users can now replace all public wallet addresses with a single, secure, customizable handle.
Crypto custody firm Komainu, backed by Nomura, is set to acquire Singapore-based Propine Holdings, pending MAS approval.
Japanese investment firm Metaplanet Inc. raised 10 billion yen (US$66M) from 13,774 shareholders through its stock acquisition rights program, as the company pours money into Bitcoin investments.
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