The Block
According to an analyst, the potential for adverse regulatory intervention remains a major obstacle to the broader adoption of tokenized money market funds among institutional investors.The analyst added that while there is growing institutional interest in using tokenized assets like BlackRock’s BUIDL as collateral in crypto derivatives trading, adoption hinges on regulatory clarity and developing foundational infrastructure.
Quick Take Polymarket’s claim there is no evidence of market manipulation on the platform supports the view that prediction markets reflect all available information at a given moment, analysts at Presto said. However, amid huge slippage for one Polymarket bettor on Friday, open interest levels suggest the market lacks liquidity, Kaiko analysts noted.
Quick Take Microsoft placed an “assessment in investing in bitcoin” on the voting ballot ahead of its 2024 annual shareholder meeting in early December. The company notes the board of directors recommends voting against the proposal, in a filing with the SEC.
Quick Take Ripple Labs filed its pre-argument statement in a civil appeal on Thursday. The company requested the appeals court to review whether the previous court judgment appropriately applied the Howey test in evaluating XRP transfers, among other things.
Quick Take The country’s tax authority intends to require crypto firms to report clients’ crypto transaction data to align with EU taxation mandates. The Dutch government said it plans to submit the draft bill to the House of Representatives in the second quarter of 2025.
Quick Take South Korea’s finance minister proposed a new requirement for crypto firms to regularly report “cross-border crypto transactions” to curb criminal activities. As part of the new plan, South Korea is expected to incorporate digital currencies into its forex law. The minister expects the new requirements to launch in the second half of 2025.
Quick Take Someone appears to have stolen approximately $20 million in stablecoins and ETH from wallets belonging to the U.S. government, according to onchain movements tracked by Arkham Intelligence.
Quick Take GSR’s co-founder and co-CEO Rich Rosenblum, as well as its CTO John MacDonald, will leave the firm. The leadership change marks another major executive shakeup for GSR this year.
Quick Take New investigations into digital assets and other areas “increased significantly” from 2022, the North American Securities Administrators Association said in a statement earlier this week. U.S. regulators have zeroed in on bringing enforcement actions against the crypto industry.
Quick Take Moonwalk Fitness raised $3.4 million in seed funding led by Hack VC, with additional support from Reciprocal Ventures, Binance Labs, CMS, Flowdesk and others. Moonwalk puts a user’s cryptocurrency at stake if they fail certain daily fitness goals.
