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The crown on Tron’s head doesn’t come from flashy marketing, but rather from stablecoin settlements. In fact, a whopping 51% of all circulating Tether USDT was minted on the Tron network. So, while other blockchain networks were throwing big parties, Tron was quietly counting its stablecoins and stacking its profits.

In the last 24 hours, ETH had a rollercoaster of a ride, dipping to $4,444 and then zooming up to a peak of $4,616. But, and here’s the kicker, it’s still about 8% shy of its all-time high of $4,953. Oh, and that record was set just back in late August. It’s like ETH just keeps teasing us with its potential. Will it finally break through the roof? Stay tuned… 🚀

Not really. Players are still shorting it like it’s Monday and they’re out of coffee. 

And why, you ask? Well, it seems the grown-ups in suits (institutional adopters, they call themselves) have decided Bitcoin is the new darling of their portfolios. Macroeconomic factors, they mumble, favouring risk assets. Oh, how very fancy! 🥂 Meanwhile, the Crypto Fear and Greed Index is practically doing cartwheels into “greed” territory, as retail investors pile in like children at a candy shop. 🍭

Perpetual decentralized exchanges (Perp DEXs) achieved a historic milestone in September, with monthly trading volumes surpassing $1 trillion for the first time. According to Defillama, total volume reached $1.43 trillion, marking a nearly 50% increase from the previous month. A most impressive feat, though one wonders if the numbers are as accurate as a gentleman’s promise. 🤡

Ah, comrades, behold Bitcoin’s wild dance in the Asian dawn-leaping from $122,000 to $124,289 in mere minutes, teasing that August high of $124,429 like a siren’s song. But alas, it faltered, just as the downtrodden often do against the mighty currents of capital.

On October 3rd, Coinbase Inc. (Nasdaq: COIN) revealed its latest masterstroke-an application to the esteemed Office of the Comptroller of the Currency (OCC) for a National Trust Company Charter. One can only imagine the excitement at the idea of broadening its custody business and basking in the glow of clearer regulatory oversight. After all, what’s innovation without a little regulatory “clarity” to keep it on a leash? 📜

In a rather thrilling twist, BitDigital_BTBT took to social media, proclaiming its historic achievement-the first entity of its kind to dally with unsecured leverage through a convertible notes offering. A momentous occasion indeed! 🎉 This milestone is not merely a feather in its cap but a veritable gold medal in the Olympics of blockchain finance, promising to shower blessings upon company shareholders as if they were at an abundant harvest feast!

The disgraced founder of FTX, Mr. Sam Bankman-Fried, observes that his gravest mistake consisted in handing the reins of the crypto exchange to the new Chief Executive, Mr. John J. Ray III, ere the company proclaimed its bankruptcy in November of 2022.

This week, everyone found themselves nodding earnestly at Solana’s role in tokenized markets, after Hougan proclaimed it “the new Wall Street.” Spoiler alert: It’s still not located on actual Wall Street, but who needs geography when you’re dreaming big?