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Paxos has launched USDG, a new Singapore-based stablecoin backed by major crypto firms like Kraken, Robinhood, and Galaxy Digital. It distributes 97% of reserve yield to network participants who help drive the adoption of the “Global Dollar Network.” DBS Bank, the largest bank in Southeast Asia by assets, will be the primary banking partner.
Prediction platforms Kalshi and Polymarket reached the top spots in Apple's finance app category on US Election Day 2024, with Kalshi ranking first and Polymarket fourth. Both platforms are prediction markets, which allow users to bet on election outcomes. However, only Kalshi is available to US users, having recently received approval to list election betting contracts and driving high user interest and volume.
The pm-AMM is a new type of automated market maker specifically optimized for prediction markets where traditional outcome tokens behave differently from other assets. By modeling these tokens with "Gaussian score dynamics," the pm-AMM aims to deliver consistent liquidity provider losses across prediction market scenarios with a dynamic variant that adapts as market expiration approaches.
Privy has introduced “delegated actions,” a feature that allows users to grant apps permission to perform specific on-chain actions on their behalf, even when offline, improving the user experience in self-custodial systems. This tool enables automated workflows like executing limit orders or recurring transactions, with all actions rooted in user consent and secured through Privy's key splitting cryptosystem and secure enclaves.
The latest LRT Liquidity and Utilization report highlights key updates across top liquid restaking tokens (LRTs), with notable developments in EigenLayer's incentivization programs and liquidity trends in decentralized exchanges and lending protocols. Liquidity has generally decreased, but lending protocols are absorbing more LRTs, a trend expected to continue as restakers prioritize ETH rewards for greater capital efficiency, especially as auto-compounding options gain traction.
AI agents are evolving from pure personality-based agents like Truth Terminal to hybrid personality-utility agents like Luna that can perform onchain transactions. There has been an expansion from single-channel to multi-channel presence across social media platforms. Major AI platforms like Fetch.ai and Virtuals are positioning for this transition, with 2025 projected as a pivotal year for AI agent adoption across DeFi, strategy management, and social media content creation.
Ethereum's roadmap, with key upgrades like EIP1559, Proof of Stake, Shapella, and EIP4844, has had wide-ranging economic effects on developers, validators, users, and token holders by impacting fees, validator yields, and transaction costs. While these changes have supported Ethereum's scalability, especially through increased L2 adoption, questions remain about whether the primary value will continue to accrue at the L1 level or shift more significantly to L2 solutions.
NFT marketplace OpenSea posted a mysterious video announcing a new version of the platform launching in December.
Polymarket's monthly volume hit $5.15B just five days into November, already surpassing October's total of ~$4.6B.
This Polymarket dashboard, now freely accessible throughout the week, enables users to track betting volumes, open interest, wallet segments, collateral, trade types, and market types.
A new chart from Bitwise shows that the tokenization narrative has exploded over the past two years, with Ondo and BlackRock responsible for the majority of tokenized assets.