RT Diego (@0xTakeProfits)EURC, by @circle, just hit 216K holders with ~$500M circulating supplyIt’s a clear signal that non-USD stables are in demandTransfer count and mint activity are expanding YOYWhy?People still want access to the onchain economy, but not everyone wants USD exposureIf your local currency isn’t the dollar, holding a USD stablecoin means a constant FX risk you didn’t ask forThe dollar is still dominant, but the onchain economy is getting multi-currency fastData: @tokenterminal ...

RT Brian Armstrong (@brian_armstrong)We’re taking Bermuda’s economy onchain@BermudaPremier @jerallaire https://t.co/QGLzaI5VNw ...

We’re bringing an entire country onchain.Bermuda is building the world’s first fully onchain national economy, with support from Coinbase and @Circle. https://t.co/fFL1foSFHu ...

Core Viewpoint - A change in U.S. tax rules under President Trump's One Big Beautiful Bill Act may redirect speculative activities towards blockchain-based prediction markets, as outlined in Coinbase Institutional's Crypto Market Outlook 2026 [1] Tax Implications - Starting in 2026, a provision will limit the deduction for gambling losses against winnings, impacting gamblers across various platforms such as sportsbooks and poker [2][1] - This tax change will result in taxation on gambling wins that do not reflect actual profits, creating a potential disadvantage for traditional gambling activities [2] Prediction Markets - Prediction markets, which operate similarly to derivatives, could become a more tax-advantageous alternative to traditional sportsbooks and casinos under the new tax regime [3][1] - Coinbase anticipates that these markets will play a significant role in the onchain economy, with notional trading volume expected to increase sharply in 2025 [4] Market Development - The prediction market sector is currently fragmented, with many independent protocols lacking shared standards [5] - The emergence of prediction market aggregators is expected as a crucial step towards the maturation of the sector, consolidating odds and liquidity across different platforms [5] - Despite regulatory uncertainties, the demand for decentralized and censorship-resistant forecasting tools is projected to grow [5]

Core Insights - State Street Investment Management and Galaxy Asset Management are launching the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP) on December 10, with a $200 million seed investment from Ondo Finance [1][2]. Group 1: Fund Overview - SWEEP will leverage State Street's expertise in cash and liquidity management alongside Galaxy Digital's knowledge in tokenization and digital infrastructure to provide an onchain cash management solution [2]. - The fund will utilize PayPal USD (PYUSD) stablecoins for subscriptions and redemptions, enabling 24/7 onchain liquidity [2]. Group 2: Technical and Operational Aspects - Galaxy plans to implement Chainlink for cross-chain interoperability, allowing SWEEP tokens to move across different blockchain networks [3]. - The fund is expected to launch on the Solana blockchain in early 2026 and aims to integrate with other networks such as Stellar and Ethereum [3]. Group 3: Industry Impact and Statements - Ondo Finance President Ian De Bode emphasized that tokenization is bridging traditional finance and the onchain economy, with SWEEP marking significant progress in this evolution [4]. - State Street's Kim Hochfeld noted that the partnership with Galaxy aims to advance the traditional finance landscape onchain [4]. - Galaxy's Steve Kurz described SWEEP as a transformative collaboration that will provide digital investors with a new onchain liquidity fund option [4].

Onchain Economy - A multi-currency onchain economy is emerging [1] - The growing adoption of tokenized euros is observed [1] Tokenized Currencies - Tokenized non-USD currencies are being launched [1] - The Japanese yen (@jpy_coin) has been deployed on Ethereum, Avalanche, and Polygon [1]

In Defense of Exponentials@gluk64 presenting the Incorruptible Finance thesis, on the recent @Blockworks_ Space, where the global Economy moves onchain and every business, just as with a bank account, will have its own Prividium seamlessly interacting with other Prividiums. ...

Beyond is unlocking Bitcoin like never before 🚀ETH, SOL, BNB USDT into BTC ✅Swap BRC20, Runes, Fractal on L1 ✅80+ chains, 500+ tokens ✅Bitcoin is no longer digital gold… it’s a full onchain economy 🌐$DOG is coming to BSC becouse of @beyond__tech another bullish move. https://t.co/v3yYPf48AV ...

RWA (Real World Assets) Discussion - BNB Chain is hosting an X Space to discuss RWAs and their impact on the onchain economy [1] - The discussion aims to explore how RWAs are shaping the onchain economy and creating new value for users [1] - The X Space event includes participation from Chainlink, Ondo Finance, and Securitize [1] Event Details - The live event is scheduled to start in 1 hour [1] - The X Space event is scheduled for November 13th, 1 PM UTC [1]

Core Insights - Coinbase has made a new investment in CoinDCX, one of India's largest cryptocurrency exchanges, as part of its strategy to expand in India and the Middle East [1][2] - The investment reflects Coinbase's confidence in the growing adoption of digital assets in these regions, with over 100 million people now holding crypto assets [2][4] - CoinDCX has reported significant financial metrics, including annualized revenue of ₹1,179 crore (approximately $141 million) and total transaction volumes of ₹13.7 lakh crore (around $165 billion) as of July 2025 [3] Company Developments - The investment builds on Coinbase's previous support through Coinbase Ventures, indicating a long-term commitment to CoinDCX's growth [2][4] - Shan Aggarwal from Coinbase highlighted the firm's confidence in CoinDCX's leadership and business model, although the transaction is pending regulatory approval [4] - Sumit Gupta, CEO of CoinDCX, expressed gratitude for Brian Armstrong's trust and emphasized the importance of building the company with integrity [6] Market Context - India and the Middle East are emerging as key markets for cryptocurrency adoption, driven by large populations and a growing interest in digital finance [5] - The presence of major exchanges like Coinbase and local startups leveraging blockchain technology for payments and financial inclusion underscores the region's potential [5]