Happy Friday, Blockfolians
The month is coming to an end. This weekend marks Halloween, Samhain, All Saints Day, and…of course, the 12-year anniversary of the release of the Bitcoin White Paper.
It also marks a month that was rather difficult for most financial assets. U.S. stocks slid about 1.6% on the month, and even gold was down 0.5%.
Bitcoin on the other hand saw an impressive 24% gain. There are many reasons:
Rising COVID-19 cases worldwide and the expectation of more stimulus
US election volatility
Bullish consumer news such as PayPal’s launch of crypto services
Whatever the exact combination, this asset continues to show its strength in the macro environment.
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Highly Relevant Reading
TRUMP futures margins up on FTX, suggesting expectations are going down
Ripple paid Moneygram $9.3m in incentives in Q3
Huawei’s new smartphone has built-in software for the digital yuan
Uniswap has a $40m governance vote coming up
The network is the net worth
Reinforcing our point from the Lede
A Really Big Number We Should Be Paying Attention To
That’s the number of new loans originated in Q3 by crypto lender Genesis