CoinDesk 20 Performance Update: BCH Drops 4.3% as Index Declines from Tuesday NEAR Protocol was also among the underperformers, falling 2.8%.

Chainlink Unveils ‘Chainlink Runtime Environment,’ Aiming for Better Blockchain Workflows Chainlink hopes CRE will be as important for Web3 as COBOL and JavaScript, which were important for automating finance and bringing it to the internet.

Starknet Claims to Shatter Transaction Speed Record Among Ethereum Layer-2 Networks

BOB Becomes First Bitcoin Layer-2 Project to Join Optimism’s ‘Superchain’ BOB’s aim is to create bridges between itself and layer-1 blockchains like Ethereum, with the ultimate goal of making Bitcoin the center of DeFi. Its decision adds to the critical mass of blockchain developers choosing to build on Optimism’s OP Stack.

Crypto Lobby Group CCI Expands Its Reach by Absorbing Proof of Stake Alliance The Crypto Council for Innovation (CCI) is taking in the Proof of Stake Alliance (POSA) as regulators worldwide increase their attention to stakings’ role in digital assets, where hundreds of billions of dollars are on the line.

Bitcoin Approaches All-Time Highs as Daily OTC Desk Inflows Drop to Year’s Lows: CryptoQuant Over-the-counter desks hold 416,000 bitcoin ($30 billion), a level that has remained stagnant for the past month.

First Mover Americas: Bitcoin Little Changed After Teasing All-Time High The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Profit-Taking Continues as BTC Price Nears High. Is Bhutan Next to Sell? The Royal Government of Bhutan recently deposited almost 1,000 BTC into a Binance deposit address. It holds some $900 million of the asset.

Bitcoin ETFs Record $870M Inflows as BTC Flirts With Lifetime Highs BlackRock’s IBIT recorded over $629 million in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections.

Enterprises Need DePIN More Than DePIN Needs Enterprises With the exception of the institutional asset RWA theme, most Web3 segments struggle to convince enterprises to hop on board. DePIN is the next most logical beachhead where enterprises will be clamoring to get involved with digital assets, says Outlier Ventures’ John Goldschmidt.

Celestia’s TIA Braces for Price Volatility Amid $900M Token Unlock Token unlocking events usually weigh on prices, but multi-month reaccumulation, crowded shorts and bullish crypto prices could lead to a surprise rally, crypto analyst Will Clemente said.

Crypto Trading Firm DWF Labs Fires a Partner After Drink-Spiking Allegations

DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot “The company we’ve built is different from the company dYdX must be,” said the CEO.

Bitcoin Tops $73.5K, Climbing Just Shy of New Record High The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.

Coinbase Revenue May be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say Coinbase Q3 earnings preview

DWF Labs Fires a Partner After Drink-Spiking Allegations

President Biden Thanks Nigerian President for Binance Exec’s Release: White House U.S. President Joe Biden called Bola Tinubu, the President of Nigeria, on Tuesday to personally thank him for the recent release of detained American Binance executive Tigran Gambaryan.

Crypto Ghosted in U.S. Treasury Department’s New Strategy on Financial Inclusion The U.S. Treasury Department has a new strategy for financial inclusion to help people get access to the financial system, but the 35-page report references cryptocurrency only once – to tout Treasury’s work on flagging the industry’s hazards.

Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’ “Multiple cases with the SEC, including ours, represent meaningful jobs and productive investment lost due to the SEC’s abuse of power and Congress’s inability to rectify the problem,” founder and CEO Joe Lubin said in a blog post.

Optimism Foundation Agreed to Give Kraken $42.5M of OP Tokens in Layer-2 Deal Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.