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Oct. 31 (Bloomberg) -- Geoff Kendrick, global head of digital asset research at Standard Chartered, reportedly said that bitcoin's likelihood of breaking out of its all-time highs in the near term is reduced and could see a price pullback and increased volatility by Nov. 5 as investors close out positions ahead of the U.S. presidential election. Although the bitcoin price reached $73,563 this week, it has yet to break the all-time high of $73,700 set in March. Kendrick noted that volatility in the bitcoin market will increase during the election, especially if the results are delayed. In addition, he believes that if the Republican Party wins the election across the board, Bitcoin is expected to rise to $125,000 by the end of the year and trigger a new round of cottage-coin craze, of which Solana may benefit significantly.

October 31, 2011 - Injective Labs announced the launch of its first native stablecoin on the Injective blockchain, AUSD, a fully collateralised USD stablecoin from Agora.Backed by VanEck and hosted by State Street, AUSD is backed by high-quality U.S. bonds and overnight repurchase agreements to provide users with a stable trading option. The Injective ecosystem, which has processed more than $40 billion in USD-denominated stablecoin trades since its inception, provides an ideal environment for Agora's issuance with superior infrastructure, low fees and fast trade confirmations, according to Nick van Eck, co-founder and CEO of Agora. Currently, AUSD has a circulating supply of $65 million, with over $15 million in daily trading volume, and further integration is planned in Injective's core applications such as DEX, pledge and lending protocols.