TOKENIZED TREASURIES MARKET GREW BY $2B IN LESS THAN 2 YEARS
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.
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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.
The Michigan state pension fund has maintained its investment in the ARK 21Shares BTC ETF and added shares of Grayscale's Eth ETF, now totaling ~$18M in crypto. This reflects a growing trend among government pension funds, both in the U.S. and internationally, toward crypto investments.
The Monetary Authority of Singapore (MAS) is advancing asset tokenization commercialization through Project Guardian, which involves creating new frameworks and expanding infrastructure with global financial institutions. This initiative includes frameworks for tokenizing debt and funds, as well as the SGD Testnet for settlements using a Singapore dollar wholesale CBDC, demonstrating significant progress toward scalable tokenized finance.
Spacecoin has announced plans to create the first blockchain in space. It uses a two-tier architecture with a space-based “Celestial Chain” L1 and an Earth-based “Uncelestial” L2. Spacecoin has already launched three test satellites. The project aims to facilitate a future space economy and secure space-based data centers leveraging the inaccessibility of satellites.
Scroll has launched an SDK platform that allows developers to deploy zkEVM-based L2s in minutes. It also introduced Gadgets, opt-in modules for customizing chain functionality without vendor lock-in. The first Gadget focuses on interoperability between chains using TEEs and zk proofs. Scroll's roadmap extends through Q2 2025, promising enhanced capabilities including high-performance nodes that support >100M gas/second throughput, multi-proof support, and additional specialized Gadgets for staking and keystore functionality.
A comprehensive analysis of Ethereum's Data Availability Sampling (DAS) system demonstrates that under normal conditions and modest networking requirements, the network can effectively perform sampling while maintaining decentralization, with nodes needing to download only 1MB of data per slot in most cases. While the system is robust against large correlated failures affecting up to 35% of nodes, there are challenges with coordinated attacks involving a malicious supermajority (90% of nodes). The study validates the viability of the proposed model where data custody responsibilities scale with the number of validators.
Eternum is an MMO game on Starknet with real-time strategy and exploration elements on an infinite map. EVE Frontier, developed by the creators of the massive multiplayer game EVE Online, is a AAA experience built using Redstone L2 tech that allows players to create modular structures in space. Parallel Colony is using Wayfinder to create AI NPCs that have deep interactions within the game world.
The goal of the agentic economy is to move the Internet from search-based to action-based, where intents and solvers abstract the majority of steps away from the end-user. Thanks to web3, agents can have access to permissionless rails to execute social, financial, and collaborative tasks. As a decentralized social platform, Farcaster has a unique opportunity to become the hub of agents and agent orchestration, and projects like Supercast and Neynar are leaning into this vision. Agents can be added to onchain company accounts and split revenue with teams when it does things like earn tips or create artwork.
Relying solely on T-Bill interest is unsustainable - issuers will need complementary business models to survive. Pure-play stablecoin issuers like Circle and Tether face challenges from traditional institutions, which can issue deposit tokens and leverage existing infrastructure more effectively. Multiple interoperable stablecoins may coexist in the future - success will be determined by complementary business models and control over banking infrastructure rather than network effects alone.
Defunct crypto exchange Mt. Gox recently transferred $2.2B worth of bitcoin (32.37 BTC) to unknown wallets.
Despite some critiques, Ethereum's network's ecosystem and interoperability efforts are improving its value as a base asset, with many projects working to address issues like liquidity fragmentation and user experience.
Monthly transaction fees on Ethereum Layer 2 solutions have decreased by ~90% since Q1 2024, while the transaction volume has increased 3X.
Euler Labs' Euler Prime is a capital-efficient lending market that features diverse collateral assets, tailored LTV ratios, and rEUL rewards for users engaged in lending and borrowing.
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.
The Blockchain Association's member firms have collectively spent ~$400M defending against SEC enforcement actions since Gary Gensler became chair. A recent survey found that 2/3rds of U.S. voters believe the SEC should wait for clearer regulatory guidelines from Congress before pursuing further crypto enforcement actions.
Immutable has received a Wells Notice from the SEC, joining the ranks of other crypto-focused companies facing regulatory actions from the agency, which many argue is increasingly stifling innovation by enforcing penalties over providing policy guidance. Committed to advocating for digital ownership, Immutable, confident in the transformative potential of blockchain for gaming and beyond, plans to challenge the SEC's move.
Morph's mainnet provides a user-friendly, consumer-focused blockchain platform that features robust scalability, low-cost transactions, and a complete ecosystem to support developers, with exchanges, funding, and marketing resources to drive mainstream adoption.
Rabby Wallet continues to simplify cross-chain experiences by offering unified multi-chain portfolio tracking, seamless cross-chain dApp usage, and a single GasAccount for multi-chain gas payments. These innovations allow users to manage their portfolios, switch between dApps without interruptions, and pay gas fees in USDT/USDC across networks.
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Legion gives crypto users merit-based access to ICOs and early fundraising rounds.
This list highlights 15 lesser-known crypto tools, mostly free, for portfolio management, project discovery, on-chain data tracking, real-time whale alerts, smart contract risk analysis, and L2 analytics
Variant recently showcased innovative Crypto x AI tools, including Coinbase's Based Agent for onchain interactions, Livepeer's AI video editing, and AI Wayfinder's natural language smart contract creation. Other highlights included Getaxal's automated notifications, Nous Research's World Sim for customized web experiences, and Sage, a smart contract search tool.
A potential Kamala Harris win raises concerns for the crypto industry because of her association with the Biden administration's perceived anti-crypto stance. This could lead to some temporary market dips and regulatory uncertainty. However, some analysts believe her administration will be taking charge during a period of increased liquidity, potentially benefiting the crypto industry.
Framework Ventures has co-led a $30 million investment in Glow, a blockchain-based platform aimed at decentralizing the energy grid by incentivizing solar energy production with cryptocurrency. Glow's protocol will reward solar farms with tokens, support large-scale solar projects initially in India, and leverage DePIN principles to drive global infrastructure growth.
Aave introduced a new visual identity a few weeks back - this post highlights mock-ups for a hypothetical Aave app redesign.
Polygon has shifted from a research-focused approach over the past two years back toward long-term product development, user experience, and go-to-market strategies.
Franklin Templeton's tokenized U.S. Government Money Market Fund, FOBXX, is now available on Coinbase's Base.
Uniswap has introduced a new feature that allows users to purchase crypto directly with their Venmo balance via MoonPay.
U.S. spot Bitcoin ETFs saw record inflows of $870M on Tuesday, with BlackRock's IBIT ETF leading the increase with $642M inflows and reaching its highest trading volume since March. Spot Ethereum ETFs also recorded positive flows, with BlackRock's ETHA attracting ~$13.6M in net inflows, as both Bitcoin and ETH prices rose amidst increased trading activity.
Researchers investigating MrBeast's involvement in cryptocurrency claim that he was involved in insider trading and profited from promoting and later selling tokens to his followers. The investigation uncovered more than 50 wallets linked to him, showing patterns of large token allocations, strategic selling near price peaks, and connections with other influencers. This resulted in millions in profits while leaving many projects' followers with significant losses.
Memeland (owned by 9GAG) has announced MemePay, a new payment platform designed for "memecoin" users that allows them to use their digital assets for real-world purchases while offering rewards like airdrops and exclusive perks with every transaction. The service promises simple, jargon-free information on eligibility, security, and card options. It aims to be accessible for all types of users.
Base has deployed fault proofs on its mainnet, enabling permissionless state validation and marking a significant step toward Stage 1 decentralization. The implementation allows any participant to propose claims about the chain state and challenge potentially fraudulent claims within 3.5 days, with successful challengers receiving economic incentives. Base plans to achieve full stage 1 decentralization in the coming months with a decentralized security council for protocol upgrades, with Stage 2 developments in 2025 through multiple fault proof implementations and improved state validation standards.
Virtuals Protocol allows users to create and co-own AI agents across gaming and entertainment applications without any coding. It enables these agents to interact in virtual environments and generate revenue through user engagement. Users can purchase tokens for governance rights and potentially earn $VIRTUAL, the platform's currency.
Electric Capital's analysis of over 110,000 crypto developer profiles revealed that Asia leads with 32% of global crypto developers. North America's share has declined, from 44% in 2015 to 24% in 2024. The United States remains the top country with 18.8% of developers, followed by India with 11.8%. Within the US, 64% developers work outside of California and New York, highlighting crypto's potential for nationwide economic impact.
The upgraded Tokens Terminal AI agent acts as a key opinion leader by analyzing and tweeting about top token holdings using three main systems: Llama 405B for content creation, Flux for image generation, and DITHER-powered token analysis. Future features will improve functionality with automated trading, multimodal capabilities, and increased social engagement.
A new thesis suggests value in the blockchain stack will increasingly accrue to wallets rather than protocols or applications, driven by protocols' diminishing pricing power and applications' commoditization through increased competition. Wallets are positioned to capture value through their proximity to end users, particularly via payment-for-order-flow and distribution as a service, leveraging high switching costs and mobile UX dominance. However, emerging frontend competitors like Jupiter and Infinex could challenge wallets' dominance by offering integrated user experience combining the most common activities with non-custodial principles.
BlackRock's Bitcoin ETF strategy is about meeting demand-driven inflows rather than speculative investment.
Reddit recently revealed it sold most of its cryptocurrency holdings before October.
The plan will use $21 billion of equity and $21 billion of debt to add to its $18 billion Bitcoin reserve.
The new rollup will feature ETH as its gas token, allocate part of sequencer revenue to the Optimism Collective, and integrate Swell's unique "proof of restake" model to boost security and yield within the Superchain ecosystem.