In this weekly recap, we cover:
- Polymarket Triumphs on Election Night: Polymarket handled over $240 million in trades without a hitch during the U.S. election.
- French Regulator Scrutinizes Polymarket: Following a French trader’s big win on bets that Trump would win the US presidential election, France’s gambling authority began investigating the legality of wagering activity on Polymarket.
- Ethereum Researchers Exit EigenLayer Roles: Amid conflict-of-interest concerns, Justin Drake and Dankrad Feist resigned from EigenLayer advisory roles.
- Coinbase Listing Fees Spark Controversy: While CEO Brian Armstrong insists token listings on the exchange are free, crypto leaders Justin Sun and Andre Cronje claim otherwise.
- Binance Report: 97% of Memecoins Are “Dead”: Binance Research revealed that nearly all memecoins launched in the past two years are inactive, with only a few sustaining traction.
- PNUT Memecoin Goes Viral: Inspired by Peanut the Squirrel, the PNUT token gained popularity, capturing attention in the U.S. election cycle and stirring up buzz in the memecoin scene.
- Michigan Pension Fund Bets on Ethereum: The State of Michigan’s $10 million investment in Ethereum ETFs showcases a contrarian confidence in ETH.
- Robinhood and Kraken’s Stablecoin Network Launch: Robinhood, Kraken, and partners unveiled the Global Dollar Network to boost stablecoin adoption.
- Wintermute Pushes for Revenue Share with sENA Holders: Wintermute proposed a fee switch for Ethena’s sENA holders.
- OpenSea’s Major Revamp Plans: OpenSea announced a December platform relaunch to rejuvenate its trading volume after a massive market slump.
