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UBS has launched its first tokenized money market fund, uMINT, on Ethereum, joining financial giants like BlackRock and Franklin Templeton in exploring RWA tokenization. This move aligns with growing investor interest in blockchain-based financial products, with tokenized assets on Ethereum reaching over $3B.
Donald Trump's odds of winning the presidency have decreased by more than 10% on prediction markets Kalshi and Polymarket. Recent lows show that his lead over Vice President Kamala Harris is narrowing. A French bettor who placed large pro-Trump bets denies having any political agenda, claiming his interest is purely financial based on his assessment of Trump's chances (~80-90% chance of winning).
Superstate, a tokenized fund management platform from the creator of Compound, has introduced a continuous pricing model for its USTB tokenized treasury fund. Any time of the day, inventors can purchase and redeem USTB based on the up-to-date net asset value. Blockchain allows for instant settlement and continuous interest accrual, two significant benefits over traditional financial instruments.
Virtuals has created a pump.fun-esque website for deploying tokens that turn into bots once they reach a certain market cap. 244 tokens with millions of dollars in trading volume were created within 12 hours of launch. The “AI Journey to Sentience” will unlock new capabilities at market cap milestones, including a forum chat, X account, and onchain wallet.
The “Agentic Web” is where autonomous AI agents operate as sovereign entities on blockchains - a convergence of AI and decentralized systems that enable independent agent-to-agent interactions and transactions. This piece argues for a multi-layered system combining blockchain namespaces, federated networks, and multi-agent architectures and introduces novel concepts like agent-owned liquidity and onchain inference markets. The internet will go from being human-centric to an intelligent substrate where personal models customize each interaction.
The Ethereum Pectra upgrade, scheduled for Q1 next year introduces EIP-7702, which will enable traditional externally owned accounts (EOAs) to temporarily function as smart contract accounts. This allows users to experience the advanced functionality of Account Abstraction, including features like transaction batching, gas sponsorship, session keys, passkeys, revocability, and improved cross-chain UX, without requiring them to permanently adopt smart contract accounts.
Ethereum Foundation researcher Justin Drake has announced his resignation from his advisory role with the Eigen Foundation. He left the Ultra Sound team to focus exclusively on Ethereum's layer-1 network and maintain neutrality. This decision comes after the controversy and backlash from the Ethereum community over perceived conflicts of interest. Drake will now adopt a personal policy of declining all advisory and investment roles beyond the Ethereum Foundation's new conflict-of-interest guidelines.
The Argot Collective, a non-profit group formed by 25 Ethereum Foundation members, hopes to provide a credibly neutral home for Ethereum's core infrastructure by supporting projects like Act, Solidity, and Sourcify via a democratic, flat governance model. Funded by an Ethereum Foundation grant (expected to last 5-10 years), Argot will operate transparently, avoid profit-driven models, and achieve full legal autonomy by mid-2025, strengthening diversity and decentralization within the Ethereum ecosystem.
BitGo has hired former Silvergate Bank President Ben Reynolds to lead the development and adoption of its upcoming USD Standard stablecoin, which is expected to launch early next year.
Florida holds $800 million in cryptocurrency investments, signaling a strong commitment to expanding its presence in digital assets.
The SEC's aggressive "regulation by enforcement" stance toward the crypto industry under Gary Gensler has stifled innovation and pushed businesses offshore.
Limit Break has introduced Wrapped Native (WNATIVE), a streamlined successor to Wrapped Ether (WETH) that standardizes deployment addresses across EVM-compatible chains, simplifying integration and reducing user costs.