USDT Market Cap Surpasses US$84 Billion for the First Time | Cryptocurrency Trends

1.Mainstream Exchange Trends:

• Binance to discontinue VISA debit card services in EEA: Binance announces the discontinuation of its VISA debit card services in the EEA about two months after VISA and Mastercard terminated their partnerships with the company. Users will be able to spend their balances until December 20.
• Gemini introduces new measures in response to new U.K. financial promotions rules, including the addition of risk warnings and the removal of certain incentives. Gemini will also require U.K. customers to enter a 24-hour cooling-off period after signing up to the platform from January 8, 2024.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC+8)

2.Cryptocurrency Trends:

• Celestia updates pre-genesis files, with the mainnet tentatively scheduled to launch on October 31, 10:00 PM. Tokens will be distributed directly to wallets after the mainnet launch.
• Camelot receives a grant of 3.09 million ARB and will begin distribution in the coming weeks.
• CME FedWatch data shows a 99.9% probability that the Fed will keep interest rates unchanged at 5.25%–5.50% in November.
• ARK Fund decreases its holdings in the GBTC by approximately 135,000 shares since October, valued at approximately US$3.19 million.
• LINK breaks US$10, hitting a new high since May 9, 2022. Bithumb and Upbit accumulated US$9 million in LINK during the token's rise.
• Tip Coin: To reserve 35% of the airdrop for TipChat users.
• USDT market capitalization surpasses US$84 billion for the first time, a record high.
• Maker's annualized revenue surpasses US$200 million, an all-time high. The surge in revenue was driven by an increase in tokenized RWA deposits used to mint DAI, as well as higher yields for DAI holders (which in turn attracted more collateral).

3.Financing Trends:

• Upland, a blockchain real estate collection and trading game, raises US$7 million in a Series A extension round. The extension round was led by EOS Network Ventures.

4.Regulatory Trends:

• The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) jointly publish a consultation paper on guidance that will provide clarity and harmonization with respect to the criteria to assess the suitability of the management body, the shareholders and members with qualifying holdings, thus reducing the risk of arbitrage in the application of the rules. The consultation runs until 22 January 2024.