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Weekly Roundup 11/01/24 (US Treasury on Stables, Polymarket volume, Singh Sentenced) (EP.571)
11/01/2024
Weekly Roundup 11/01/24 (US Treasury on Stables, Polymarket volume, Singh Sentenced) (EP.571)
Matt and Nic return for another week of news and deals. In this episode: We check in on the presidential odds State races to watch As part of their quarterly earnings release, Microstrategy a plan to raise $42 billion in the next 3 years in order to buy more Bitcoin. The raise will be evenly split between equity offerings and sales of fixed-income securities. Coinbase a future donation of $25 million to Fairshake to be used for the 2026 midterm elections. Nishad Singh, the former director of engineering for FTX, prison time following his guilty plea and cooperation in the investigation into the exchange's collapse. Blackrock's IBIT Bitcoin ETF saw of net inflows on Wednesday, which marked a new record for the fund since the launch in January. The a quarterly fiscal report this week that had a section dedicated to digital assets, noting stablecoins growth has caused "a modest increase in demand for short-dated treasuries." The Bank for International Settlements they are no longer working on Project mBridge, a cross-border payment network for CBDCs backed by China, Hong Kong, UAE, Saudia Arabia, among others. Content mentioned: Fortune, Blockchain Association, Sponsor notes: : In Coin Metrics' State of the Network issue 283, we dive into how Polymarket’s prediction markets operate on Polygon and analyze data behind the 2024 U.S. Presidential Election Withum’s Digital Currency and Blockchain Technology Team specializes in crypto-assets, offering accounting, tax and advisory solutions to fortify trust in a dynamic industry. Contact them today to get started. -
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