The Block
Quick Take Centralized cryptocurrency exchanges’ monthly trading volumes in August increased 6.6% to $1.2 trillion.
Quick Take US Senator Tim Scott and FalconX’s Austin Reid discuss crypto’s political momentum and the future of digital assets in the US.
Digital asset investment products returned to weekly outflows, with $305 million exiting funds globally last week, according to CoinShares.
Quick Take The monthly DeFi protocol fees in August fell by 24.4% from July, totaling $288 million. Lido led in fee generation with $76.18 million, followed by others like Uniswap, Jito, and PancakeSwap.
Securitize unveiled a new service aiming to simplify and condense tokenized fund administration, which will be available globally.
Trading volume for CME options on bitcoin futures has increased ahead of the U.S. election, with significant institutional trades betting on prices exceeding $85,000 by late November.Additionally, a multi-month high in the bitcoin open interest-weighted funding rate signals strong bullish positioning and anticipation of potential gains.
JPMorgan analysts say a Trump win could drive even more retail demand for bitcoin and boost its price.Retail investors are already flocking to bitcoin as the election nears, according to the analysts.
BlackRock’s IBIT reported $872 million in net inflows yesterday, its largest since launch.Bloomberg analyst Eric Balchunas said spot bitcoin ETFs as a group may soon surpass Satoshi Nakamoto as the largest holder of bitcoin.
Crypto exchange Kraken has launched Kraken Desktop, a fully-customizable trading application designed for active traders.Kraken Desktop draws inspiration from the highly popular Cryptowatch tool sunset by the crypto exchange last year.
Quick Take CMT Digital led the round, which had additional support from a16z Crypto Startup School, Escape Velocity, IDG Vietnam and Artichoke Capital, among others. Axal also announced the launch of its first product: the agent-powered trading automation platform Axal Autopilot.
