Minimalist News

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  • The Lightning Network's capacity has soared to an all-time high, driven by greater exchange adoption and the introduction of the Taproot Assets update, which facilitates multi-asset transactions.
  • U.S. regulators are ramping up efforts to combat crypto scams, with the proposed SAFE Crypto Act aiming to enhance coordination among various government agencies, including the Treasury and FinCEN.
  • The U.S. government and private firms like Coinbase and Robinhood are collaborating to bolster tech capabilities, with plans for a significant recruitment of tech workers to battle existing skill shortages.
  • Investments in stablecoins are set to increase, as major players like Exodus and MoonPay prepare to launch a USD-backed stablecoin, and the Bank of Canada outlines criteria for fiat-backed stablecoins to modernize its financial system.
  • Bitcoin and Ethereum face downward pressure amid a notable outflow of institutional investments in their exchange-traded products, leading to concerns about market liquidity as the holiday season approaches.

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