Summary of blockchain project fundraising for the week of Oct. 30 to Nov. 3. Highlights included a $12M raise for Ekubo Protocol and $6.3M for the AI-based blockchain project Modulus.
Vice Chairman Michael Barr argued that the Fed needs regulatory and enforcement authority over stablecoin issuers – a point of contention in the debate over legislation.
The foundation claims that this will be the first ZK rollup that enables sharding, combining two popular scaling technologies.
“We are providing a gateway to staking without stepping in the middle or taking any revenue or profit,” founder Akbar Thobhani said.
Coinbase has been embattled in efforts to legitimize crypto in the U.S. and is fighting the U.S. Securities and Exchange Commission (SEC) in an unregistered-securities dispute.
The latest price moves in crypto markets in context for Nov. 7, 2023.
Issuance, circulation, and offering trading of “unsecured digital assets” is prohibited outside the country’s financial center under laws that came into effect earlier this year.
The FTX founder still faces potential post-trial motions, sentencing and perhaps another trial.
SHIB and DOGE have seen highest percentage growth in futures open interest since Nov. 1, outshining bitcoin and ether in a sign of increased investor risk appetite in the crypto market.
Traders continue to point out bitcoin’s supposed role as ‘digital gold,’ amid economic headwinds in the U.S., as a possible price catalyst.