SOTM November 14 – November 20, 2024

Welcome to our 198th issue of State of the Market, where we provide an overview of crypto market activity from November 14 – November 20, 2024.

This week in crypto markets:

  • Tether launched Hadron, a comprehensive platform to simplify asset tokenization, emphasizing compliance, security, and user experience.
  • Paxos acquired Membrane Finance in Finland to comply with the EU’s new MiCA regulations and operate as a licensed Electronic Money Institution.
  • Sky deployed its USDS stablecoin on Solana, the first time the token is available on a different blockchain, aiming to enhance flexibility and accessibility.
  • NexBridge and Bitfinex introduced tokenized U.S. Treasuries in El Salvador, bridging digital assets and traditional finance.
  • Dogecoin surged 11% to $0.40, nearly tripling in value over the last 30 days, amid broader crypto market growth and Elon Musk’s support.

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