cover of episode Weekly Roundup 11/01/24 (US Treasury on Stables, Polymarket volume, Singh Sentenced) (EP.571)

Weekly Roundup 11/01/24 (US Treasury on Stables, Polymarket volume, Singh Sentenced) (EP.571)

2024/11/1
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On The Brink with Castle Island
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M
Matt
无足够信息构建一句话概述
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Nic
Topics
Matt: 特朗普在Polymarket上的交易价格暴跌至60美分,这反映了其政治前景的不确定性。Polymarket的交易量激增,但更重要的指标是总价值锁定(TVL),而不是交易量本身,因为存在洗盘交易的可能性。美国财政部对稳定币的看法较为负面,他们引用了一篇学术论文来质疑稳定币的货币属性,但忽略了稳定币在实际应用中的广泛使用。美国财政部报告中对区块链技术的偏好倾向于私有和许可的区块链,这与当前加密货币行业的发展趋势相悖。 Nic: Nishad Singh因FTX倒闭事件中认罪并配合调查而免于牢狱之灾,Caroline Ellison被判两年,而Sam Bankman-Fried被判七年半,这判决结果令人震惊。Nishad Singh虽然不是FTX欺诈案的主谋,但他作为公司高管参与了每一级的欺诈行为,并且没有举报,这使得他的判决结果令人费解。Polymarket上的洗盘交易主要源于用户为了获得潜在的空投而进行非经济性交易,这并不等同于市场操纵。美国财政部对稳定币的观点体现了中央银行和金融监管机构的傲慢,他们倾向于忽视实际应用中有效的技术和模式,而更偏好符合他们预设理念的方案。国际清算银行宣布停止参与mBridge项目,该项目是一个由中国、香港、阿联酋和沙特阿拉伯等国家支持的跨境支付网络,这表明CBDC试点项目进展缓慢。

Deep Dive

Chapters
The hosts discuss the possibility of a delayed election result, speculating on whether it will be known by next week or if it might drag on until January. They also comment on Trump's declining odds on Polymarket and his recent tweet about Bitcoin.
  • Delayed election results speculated until January
  • Trump's odds declining on Polymarket
  • Trump's tweet about Bitcoin

Shownotes Transcript

Matt and Nic return for another week of news and deals. In this episode:

  • We check in on the presidential odds
  • State races to watch
  • As part of their quarterly earnings release, Microstrategy announced) a plan to raise $42 billion in the next 3 years in order to buy more Bitcoin. The raise will be evenly split between equity offerings and sales of fixed-income securities.
  • Coinbase pledged) a future donation of $25 million to Fairshake to be used for the 2026 midterm elections.
  • Nishad Singh, the former director of engineering for FTX, avoided) prison time following his guilty plea and cooperation in the investigation into the exchange's collapse.
  • Blackrock's IBIT Bitcoin ETF saw $872 million) of net inflows on Wednesday, which marked a new record for the fund since the launch in January.
  • The US Treasury) released) a quarterly fiscal report this week that had a section dedicated to digital assets, noting stablecoins growth has caused "a modest increase in demand for short-dated treasuries."
  • The Bank for International Settlements announced) they are no longer working on Project mBridge, a cross-border payment network for CBDCs backed by China, Hong Kong, UAE, Saudia Arabia, among others.

Content mentioned:

  • Treasury Presentation to TBAC)
  • Fortune, Wash Trading on Polymarket)
  • Blockchain Association, Regulation by Enforcement)

Sponsor notes:

  • Polymarket and the Power of Collective Intelligence): In Coin Metrics' State of the Network issue 283, we dive into how Polymarket’s prediction markets operate on Polygon and analyze data behind the 2024 U.S. Presidential Election
  • Withum’s Digital Currency and Blockchain Technology Team specializes in crypto-assets, offering accounting, tax and advisory solutions to fortify trust in a dynamic industry. Contact them today to get started. - withum.com/crypto)