The Block

Quick Take The EURC stablecoin has reached an all-time high supply of more than 90 million — equating to a market cap of nearly $100 million. A surge of growth on Base has fueled the rise, though it still represents a fraction of the supply of U.S. dollar-based stablecoins.

Bitcoin options traders are increasingly buying post-U.S. election expiry call options in the $70,000-$80,000 range, according to an analyst.Donald Trump is widening his lead over Vice President Kamala Harris on the decentralized betting platform Polymarket.

Quick Take Tokenization protocol Midas is launching a wrapped bitcoin product, mBTC, which will pay out yields of 4% paid in bitcoin-denominated assets rather than fiat.

Quick Take The bitcoin mining firm intends to offer convertible notes to fund its $200 million share repurchase program. The firm has yet to disclose the rates for the notes that are set to mature in February 2030.

EU-based crypto marketplace STOKR plans to use a major part of its recent $7.98 million fundraising to establish its bitcoin treasury.STOKR aims to follow MicroStrategy’s strategy by expanding its bitcoin treasury over the coming years.

Quick Take The team at Base said it would implement permissionless fault proofs on Oct. 30 to decentralize the network and eliminate control by a single entity.

Quick Take Denmark’s tax authority has recommended “mark-to-market taxation” for crypto asset investors as part of its latest bill recommendations. The Minister of Taxation plans to introduce a bill at the beginning of 2025.

Quick Take MicroStrategy founder Michael Saylor said in a Wednesday X post that he supports the right to self-custody for all. Saylor’s earlier comments endorsing regulated custody faced criticism from the crypto community, including Ethereum co-founder Vitalik Buterin.

Quick Take Over 40% of the total ZKL token supply will instead begin entering the market six months from now.