Welcome to our 194th issue of State of the Market, where we provide an overview of crypto market activity from October 17 – October 23, 2024.
This week in crypto markets:
- Stripe’s $1.1 billion acquisition of stablecoin platform Bridge signals the payments giant’s commitment to building “the world’s best stablecoin infrastructure.”
- MakerDAO is reconsidering its Sky rebrand in community vote, highlighting the stickiness of the Maker brand and the issues that arise from such a big shift in identity.
- BlackRock’s potential move to list its tokenized money market fund as derivatives collateral on major crypto exchanges could facilitate yield-earning opportunities for traders, boosting $ONDO prices by nearly 70%.
- The European securities regulator ESMA is recommending modifications to the EU’s MiCA crypto regulations, including requiring external audits and more comprehensive CASP information.
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