The stablecoin issuer saw strong growth in the third quarter, reporting a $17 billion increase in circulating USDT and $135 billion exposure to U.S. Treasuries.
A Coinbase CEO prank resolved one market with a single sentence. Ackman’s warning about “rigged odds” in a $22 million Polymarket election shows the opposite: it now takes institutional-scale money to move prices even 10%.
One onchain observer noted a large transaction by Jump Crypto, speculating that the crypto firm might be rotating SOL into BTC, perhaps weighing on sentiment.