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Kalshi rolls out political betting contracts for Trump presidency

The prediction market has listed contracts for betting on events, including a prospective Trump impeachment.

Prediction marketplace Kalshi has rolled out more markets for betting on United States political events in a bid to keep engagement high after the Nov. 5 presidential election.

The contracts cover outcomes ranging from how President-elect Donald Trump will staff his administration to whether he will be impeached during his presidency, according to regulatory filings with the US Commodity Futures Trading Commission.

Bettors flocked to political prediction platforms ahead of the US elections, with betting volumes tied to the presidential race nearing $4 billion as of election day on Nov. 5, according to a Cointelegraph analysis.

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Circle CEO Jeremy Allaire Says Stablecoins To Become Regulated Financial Infrastructure ‘Everywhere’: Report

Circle CEO Jeremy Allaire Says Stablecoins To Become Regulated Financial Infrastructure ‘Everywhere’: Report

Circle chief executive Jeremy Allaire reportedly thinks stablecoins will become a regulated financial network all over the world. Allaire says in a new interview with the South China Morning Post (SCMP) that Circle is acting as a test subject for global stablecoin regulation. According to Allaire, stablecoin regulation is in its early days and the […]

The post Circle CEO Jeremy Allaire Says Stablecoins To Become Regulated Financial Infrastructure ‘Everywhere’: Report appeared first on The Daily Hodl.

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Circle raises USDC cash-out fees, affecting large-scale redemptions

The fee structure revision primarily affects institutional investors and high-volume traders.

Stablecoin issuer Circle has raised its fees for redeeming its USD Coin (USDC) for the second time in less than a year.

According to an Oct. 29 Bloomberg report, since September, the company has been collecting fees on daily redemptions of at least $2 million.

In February, Circle introduced swap charges for redemptions above $15 million through its Circle Mint platform.

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Circle CEO Hypes Stablecoin Market Growth With Astounding Prediction

Circle CEO Hypes Stablecoin Market Growth With Astounding PredictionJeremy Allaire, CEO of Circle, has predicted that stablecoins will grow to capture up to 10% of the money supply in the next 10 years. Allaire highlighted that even with the recent expansion of stablecoins, it is still in the early stages of this crypto class. Circle CEO States Stablecoins Will Become a $10 Trillion […]

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BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related […]

The post BlackRock in Talks With Crypto Exchanges About Using Its BUIDL Token As Derivatives Collateral: Report appeared first on The Daily Hodl.

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US lagging behind in global stablecoin adoption — Chainalysis

Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.

The United States has seen record Bitcoin activity since the launch of spot BTC exchange-traded funds (ETFs). However, stablecoin adoption in the US has slowed in 2024 compared to global markets, according to an Oct. 17 report from Chainalysis.

US markets have recorded a significant shift in stablecoin activity this year, with the share of stablecoin transactions on US-regulated exchanges dropping from roughly 50% in 2023 to below 40% in 2024.

In contrast, the share of stablecoin transactions on non-US regulated platforms has surged since 2023, breaking 60% in 2024, according to Chainalysis’ latest report on crypto adoption trends in North America.

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Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer

Paxos Launches New Stablecoin Payments Platform With Stripe as First CustomerPaxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly accept stablecoin payments. By leveraging Paxos’ comprehensive infrastructure for onboarding, pay-ins, conversions, and payouts, businesses can reduce costs and expand their international reach […]

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Crypto Exchange OKX Moves To Support USDC Ecosystem by Adding Six New Trading Pairs

Crypto Exchange OKX Moves To Support USDC Ecosystem by Adding Six New Trading Pairs

Cryptocurrency spot and derivatives exchange OKX is rolling out new trading pairs for the dollar-pegged USDC, the second-largest stablecoin by market cap.  In a statement, the Seychelles-based exchange says it is going to introduce six new spot trading pairs for USDC on Monday.  “To support the growth of the USDC ecosystem and meet our users’ […]

The post Crypto Exchange OKX Moves To Support USDC Ecosystem by Adding Six New Trading Pairs appeared first on The Daily Hodl.

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Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries

Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries

Payments giant Stripe is announcing global support for USDC settlements over the Ethereum (ETH), Solana (SOL), and Polygon (POL) blockchains. In a new post on the social media platform X, Jeff Weinstein, the head of products at Stripe, says that crypto assets are officially back on the platform and will be available for use in […]

The post Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries appeared first on The Daily Hodl.

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VanEck launches $30M ventures fund for crypto and AI

VanEck’s new $30 million fund, VanEck Ventures, will focus on investment in fintech, crypto and AI startups building next-generation payments.

VanEck, one of the issuers of spot Bitcoin exchange-traded funds (ETF) in the United States, has a new initiative to support early-stage cryptocurrency and artificial intelligence projects.

VanEck has launched VanEck Ventures, a $30 million fund investing in fintech, crypto and AI startups in pre-seed and seed stages, the company announced on Oct. 9.

Source: VanEck

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