Solana Should Be Thankful to This App 📈
Solana Should Be Thankful to This App 📈
In today’s edition: 🤨 Does Hester Peirce even want it? And more!
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What’s Poppin’?
by Sage D. Young and Veronica Irwin
Jito’s Successful Entry Into SOL Restaking Helps Push TVL to Record High
Jito has become the second Solana-based protocol to allow restaking, following Solayer.
If Trump Wins, Could Crypto Get Hester Peirce as SEC Chair?
Unfortunately, the answer is probably not.
ICYMI:
Earn bitcoin on Gemini here.
Mark Your Calendars! 📆
On Wednesday, November 6, Bits + Bips will do a live-streamed show at 4:30pm ET! Join hosts James Seyffart, Alex Kruger and Joe McCann, with a special guest, to discuss all things election! Link and more details to come.
Daily Bits… ✍️✍️✍
🚨 Blockchain gaming platform Immutable received a Wells notice from the SEC, potentially regarding the 2021 listing and private sales of IMX, signaling possible securities law violations.
🧑🏫 Following his recent release from prison, Binance founder Changpeng Zhao received a warm welcome at Binance Blockchain Week in Dubai, where he spoke about his incarceration and hinted at launching a new educational initiative.
💹 Superstate introduced “continuous pricing” for its USTB tokenized Treasury fund, allowing real-time net asset value updates and immediate interest accrual for U.S. government securities holders.
🎂 Donald Trump marked Bitcoin’s 16th anniversary by celebrating its American roots and promising to end VP Kamala Harris's "war on crypto" if elected.
🏆 Tether reported $2.5 billion in Q3 profit, with $1.3 billion from U.S. Treasury yields and $1.1 billion from gold holdings, expanding its reserve assets to more than $125 billion amid rising stablecoin demand.
Today in Crypto Adoption...
🌐 Franklin Templeton expanded its OnChain U.S. Government Money Market Fund to the Base blockchain, making the firm the first asset manager to enter Coinbase’s layer 2 and adding to its presence across five other blockchains.
The $$$ Corner…
🌞 Ethereum-based solar project Glow Labs pulled in $30 million, led by Framework Ventures and Union Square Ventures, to fund its renewable energy network in India, with plans to reward solar farms with tokens for their carbon credits.
🔒 Ellipsis Labs, known for the Solana-based Phoenix exchange, hoovered up $21 million to launch Atlas, a layer-2 blockchain on Ethereum aiming to offer low-cost, high-speed transactions for verifiable finance.
🧩 Citrea, aiming to bring Ethereum-style smart contracts to Bitcoin using zero-knowledge technology, raised $14 million in a series A funding round led by Peter Thiel's Founders Fund to transform Bitcoin into a programmable asset.
⚙️ Spire Labs secured $7 million in seed funding to develop Based Stack, a rollup framework enabling developers to create application-specific chains on Ethereum's layer 2 while preserving the network’s decentralization and security.
🤖 Axal, an autonomous agent network developer, closed $2.5 million in pre-seed funding led by CMT Digital and launched Axal Autopilot, a platform for personalized trading automation that enables onchain swaps and yield management for crypto holders.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 0.2%, trading at $70,042
ETH is up 0.1%, trading at $2,516
BTC dominance: 56.41%
Crypto market cap: $2.46T
*All data as of today, 07:53 am ET. Source: CoinGecko
Recommended Reads
A market update by Capriole Investments
Robbie Petersen, a researcher at Delphi Digital, on the “fat wallet thesis”
October 2024: Four Macro Catalysts to Watch, by economist Lyn Alden
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