ALSO: Billionaire donates $1.9 million BTC to a super PAC, U.K. stablecoin rules approved and more |
The biggest crypto news and ideas of the day |
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Hello and welcome to The Node. This is Daniel Kuhn and Xinyi Luo, here to take you through the latest in crypto news and why it matters. In today's newsletter: |
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Dogecoin Soars as Elon Musk's Twitter Deal Nears Completion: Popular meme coin dogecoin (DOGE) was up nearly 16% over the past 24 hours as Elon Musk's $44 billion Twitter deal is supposed to close on Friday. Billionaire Quant Trader Donated a Record $1.9M of Bitcoin to a Super PAC: Jeffrey Yass, co-founder of trading giant Susquehanna International Group, gave 100 bitcoin, worth more than $1.9 million, to a crypto-supporting super PAC. This is the largest political donation in crypto recorded by the Federal Election Commission. - David McIntosh, president of Club for Growth Action, which is linked to the Crypto Freedom PAC, said the organization backs pro-crypto candidates.
UK Stablecoin Rules Approved by Lawmaker Committee: U.K. lawmakers agreed on new rules for stablecoins on Thursday. This comes as the government plans to discuss further crypto regulations and a digital pound in the coming weeks. - The bill also gives the U.K. Treasury powers to extend the regulatory net beyond stablecoins, if Parliament consents.
– Xinyi Luo |
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Putting the news into perspective |
(DALL-E / CoinDesk) Halloween Costumes for Broke Crypto Traders Halloween is fast approaching, and if you're like me you've put off coming up with a costume idea. Fear not! CoinDesk's D.K. has you covered with a list of crypto-themed outfits you can put together with stuff lying around your house. Consider going as Caitlin Long-Dead or Sexy Charles Hockinson. Read the full list here. |
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Overheard on CoinDesk TV... |
"The whole metaverse is evolving…it's unstoppable." – Best selling author Deepak Chopra, on CoinDesk TV's "First Mover" |
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- Sam Bankman-Fried: "We're working on our stablecoin" (TheBigWhale)
- Hong Kong Plans to Legalize Retail Crypto Trading to Become Hub (Bloomberg - paywalled)
- How Binance CEO and aides plotted to dodge regulators in U.S. and UK (Reuters - paywalled)
- Christensen Under Fire After MakerDAO Members Vote for His Reorganization Plan (The Defiant)
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