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Core Insights - The traditional payment system, exemplified by wire transfers, is being challenged by blockchain solutions like stablecoins, prompting payment processors to modernize their transaction handling [1][5] - Swift, a global payments leader, is proactively developing a blockchain to facilitate instant transactions worldwide, moving away from the current one to five business days processing time [2][4] - Swift is collaborating with over 30 financial institutions, including major banks like Bank of America and Citigroup, to create a digital ledger using a prototype from blockchain company Consensys [3] Industry Developments - Swift processes transactions for over 11,500 institutions across more than 200 countries, highlighting its significant influence in the global economy [4] - The rise of stablecoins is prompting traditional financial institutions to reconsider their transaction timelines, with McKinsey labeling stablecoins as a direct challenge to conventional payment systems [5] - Citi projects that by 2030, annual trading of stablecoins could reach $100 trillion, indicating a substantial shift in the financial landscape [5] Institutional Movements - A consortium of U.S. banks, including JPMorgan Chase and Wells Fargo, is exploring the launch of a stablecoin, while EU banks like ING and UniCredit are working on a euro-backed stablecoin [7] - JPMorgan Chase has developed blockchain-adjacent solutions, including a private digital ledger and a deposit token that functions similarly to a stablecoin but is exclusive to its clients [7]

AVAX DEX Volume Climbs Sharply in September Boosting Recovery Outlook. Photo by BeInCrypto Avalanche (AVAX) had a booming September, with DEX trading volume hitting a three-year high and a billion-dollar treasury deal. There is also growing interest from ETF issuers in AVAX. At the same time, technical signals indicate that AVAX is at a critical level for a potential breakout if it can maintain key support. This picture opens up expectations for a new growth cycle of Avalanche in the medium term. Avalanch ...

Government Shutdown & Market Impact - Investors believe the government shutdown is temporary and are largely ignoring it, focusing instead on positive factors like AI optimism [1][4] - Prediction markets estimate a 48% chance of the shutdown lasting 4-9 days, 29% for 10-29 days, and 17% for over a month [10] - A U S Vice President speculates the shutdown won't be long, potentially creating buying opportunities for U S stocks [4][7] - A previous shutdown in 2018 saw a spike and drop in equities, but current market conditions are stronger [8] Prediction Markets & Robinhood - Robinhood's prediction market business is experiencing rapid growth, with a Piper Sandler report estimating $200 million in annualized revenue [13] - Robinhood is expanding its prediction markets internationally, noting significant interest and strategic planning from other countries [2][11][12] - Prediction markets are viewed as a new source of information, news, and media, not just an investment asset [11] - Robinhood is developing AI tools (Robinhood Cortex/Legend) to assist active traders in creating and back-testing trading strategies [34][35] Tokenization & Crypto - Tokenization is considered a "freight train" that will transform the financial system, with potential for market dominance outside the U S due to less legacy infrastructure [19] - Robinhood launched tokens in the EU and demonstrated tokenization of SpaceX private companies, receiving significant interest from institutions [20] - Real-world assets like real estate, art, and private equity are being considered for tokenization to broaden market access [21][22] - The crypto community believes blockchain will power real-world assets, despite past challenges and the need for regulatory clarity [28][29][30] - One analyst predicts Bitcoin could reach $250,000 by the middle of next year, influenced by macroeconomics and institutional investment [40][43] Stablecoins - Stablecoins are seen as a key entry point to crypto, with Tether and Circle holding 90% of the market [56] - Stablecoins are growing, with optimism for reaching $3 trillion, driven by cross-border transactions and use by financial institutions [59][60] - Stablecoins are increasingly backed by U S Treasuries and money market shares for stability and compliance [61] - There's a trend towards enterprise-grade stablecoin-specific blockchains, incorporating features like immutability and optional reversibility for fraud or mistakes [65][66][67]

Crypto needs non-USD stablecoins for meaningful utility, says Base creator Jesse Pollak https://t.co/wN8djXgHEf ...

Daily News 🗞 | Oct 2• RexShares’s US Solana staking ETF reaches $338M AUM• Solana sees over $760M in assets bridged from other chains in September• Metaplanet becomes 4th-largest corporate Bitcoin holder• French central bank’s deficit is ‘great’ for Bitcoin• Africans are using stablecoins to survive inflation#CryptoNews #PoloniexNEWS ...

Industry Focus - Avalanche is powering Asia's blockchain initiatives [1] - The ecosystem includes tokenized funds from Mirae Asset [1] - KRW-backed stablecoins are being developed within the Avalanche ecosystem [1] - K-pop fan platforms are leveraging Avalanche [1] - ULTRA KOREA festivals are associated with Avalanche [1]

Stablecoin Market Overview - Stablecoin category is experiencing increasing diversity and competition [2] - USD stablecoins are dominant, with few alternative currencies like EUR in the top 100 [2] Top Stablecoins and Networks - Top 5 stablecoin issuers by supply: Tether, Circle, Ethena, Sky, and WLFI [2] - Networks with over $10 billion in natively minted stablecoins: Ethereum, Tron, and Solana [2] - The largest stablecoin by supply is USDT on Ethereum [2] - Ethena's USDe on Ethereum is the fastest growing stablecoin (on a percentage basis) [2] Yield-Bearing Stablecoins - Most challenger stablecoins offer yield, including USDe, USDS, BUIDL, USDG, AUSD, etc [2]

Stablecoin Market Trends - Plasma's XPL attracts over $8 billion in TVL [1][2] - Phantom introduces its own stablecoin CASH [1][2] - Stripe expands its stable-as-a-service offering [1][2] Stablecoin Flows - Total USD inflows to stablecoins fell 49% this week [2]

From Treasuries to Stablecoins: The Future of Tokenized Assets with OpenEden [Brought to you by @OpenEden_X] https://t.co/CUPbKGpVu5 ...