Market Trends & Cryptocurrency Performance - Crypto majors experienced a decline of 2-3% following Powell's statement on potential rate cuts and post-FOMC dip [1] - Bitcoin decreased by 3% to $110,100, Ethereum decreased by 3% to $3,900, BNB increased by 1% to $1,120, and SOL decreased by 2% to $192 [1] - Approximately $870 million was liquidated from the crypto market after Bitcoin's dip to $106,000 [1] - Memecoin leaders are mostly down, including DOGE (-2%), Shiba (-1%), PEPE (-3%), PENGU (-8%), BONK (-2%), TRUMP (-1%), SPX (-7%), and FARTCOIN (-7%) [1] Corporate Earnings & Activities - Coinbase Q3 revenue beat expectations at approximately $19 billion, with transaction revenue exceeding $1 billion [1] - MicroStrategy Q3 reported approximately $28 billion in profit, holding over $68 billion in Bitcoin (640,808 BTC) [1] - Bitcoin ETFs saw net outflows of $4884 million on Thursday, while ETH saw outflows of $1842 million [1] - Western Union applied to trademark WUUSD for its stablecoin [1] - Yuga Labs sold out a limited edition Voyager's Boximus drop via Amazon [2] Regulatory & Legal Issues - US Senator Chris Murphy alleged Binance helped coordinate the Trump memecoin launch in exchange for CZ's pardon [1] - Drake & Adin Ross were sued in a class action lawsuit alleging misleading promotions for crypto casino Stake [1] NFT Market - NFT leaders experienced declines, with Punks down 3% at 38 ETH, Pudgy down 10% at 625 ETH, BAYC down 3% at 667 ETH, and Hypurr's down 9% at 1,000 HYPE [2] - A 3D CryptoPunk was sold for 4999 ETH [2]

Crypto & Blockchain Initiatives - Western Union filed "WUUSD" trademark, suggesting potential crypto wallet, trading services, and stablecoin payments [1] - USDPT stablecoin is planned for launch on Solana in the first half of 2026 [1]

Stablecoin & Blockchain Initiatives - Western Union has applied to trademark "WUUSD" [1] - The company plans to issue a USD-pegged stablecoin on the Solana blockchain in early 2026 [1]

Stablecoin & Trademark - Western Union files trademark for 'WUUSD' [1] - This filing occurred one day after the reveal of USDPT stablecoin [1] Market Implication - The move suggests Western Union's potential interest in the stablecoin market [1]

Core Insights - Western Union has applied for a trademark for "WUUSD" while planning to issue a USD-pegged stablecoin on the Solana blockchain in early 2026, despite previously announcing the coin would be called USDPT [1][2] - The WUUSD trademark application has been accepted by the USPTO but is pending examination for approval, and it may be used for stablecoin payment processing and foreign currency exchange [2] - Western Union aims to create a "digital asset network" to provide real-world utility for digital assets, though details on potential other tokens or projects remain unclear [3] Industry Context - The stablecoin market features multiple issuers like Tether and Circle, which have various stablecoins pegged to different assets, indicating a trend towards diverse stablecoin offerings [4] - Rajiv Sawhney from Wave Digital Assets suggests that WUUSD may serve as a more recognizable public-facing ticker, while USDPT could be the regulatory name, highlighting branding considerations in the stablecoin space [4] - A prediction market indicates that over 50% of respondents believe the stablecoin market value could reach $360 billion before February, reflecting optimism in the sector's growth potential [4]

Cryptocurrency and Blockchain - Western Union files 'WUUSD' trademark following Solana stablecoin reveal [1]

Stablecoin Initiative - Western Union has filed a trademark for WUUSD (Western Union US Dollar) [1] - Western Union plans to launch its stablecoin on Solana in 2026 [1]