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Cuomo proposes a Chief Innovation Officer to lead NYC’s push into blockchain and AI, aiming to make the city a global crypto hub.Cuomo’s Tech Vision for New York CityChief Innovation Officer: Driving the Blockchain AgendaMaking NYC a Global Crypto Hub
Coinbase, Chainlink, Galaxy, and others to meet Senate Democrats Wednesday to discuss crypto market structure legislation.Crypto Leaders Head to Capitol HillShaping the Future of Crypto RegulationWhy This Meeting Matters
US spot Bitcoin ETFs saw $1.23B in outflows last week, the second-largest to date. Ethereum ETFs followed with $311.8M in outflows.Massive Capital Exit Hits Bitcoin and Ethereum ETFsInvestor Sentiment Shifting Amid Market UncertaintyWhat This Could Mean for the Market
- 11:54PT for USDe and sUSDe under Ethena Labs is now live on Aave PlasmaChainCatcher News, Ethena Labs stated on social media that USDe and sUSDe PT tokens have been launched on the Aave Plasma platform, with a supply limit of $200 million for each token. Given that the USDT borrowing rate remains around 4%, Plasma has now become the best on-chain venue for users to obtain leveraged PT positions through Aave. Multiple rounds of quota increases are expected in the near future.
- 11:54Publicly listed company Exodus to launch common stock tokens on Solana blockchainChainCatcher news, according to GlobeNewswire, NYSE American-listed company Exodus announced that it will launch common stock tokens on the Solana blockchain through Superstate. It is reported that the company has also launched its common stock tokens on Algorand.
- 11:47Morgan Stanley: It’s Too Early to Be Bullish on the Market NowJinse Finance reported, citing market news released by Bloomberg analyst Walter Bloomberg, that Michael Wilson of Morgan Stanley has warned that, given the ongoing trade tensions between China and the US, weak earnings forecasts, and credit pressures, it is still too early to be bullish on the market. He stated that if the tensions persist beyond November, the S&P 500 Index could fall by as much as 11%. Wilson hopes that before confidence is restored, trade tensions will ease more clearly, earnings per share trends will stabilize, and liquidity will become more abundant. However, he expects the market to recover within 6-12 months. John Stoltzfus of Oppenheimer Holdings is also optimistic about the market, noting that the earnings of S&P 500 constituents have risen by 16% so far, exceeding expectations.