I hope you had a good weekend, folks. In today's Daily, a Robinhood exec could reportedly be tapped to lead the SEC if Donald Trump wins the presidential election, QCP says "Uptober" is back on track as bitcoin recovers, a new Ethereum proposal could boost throughput and more.
Meanwhile, JPMorgan analysts identify the key catalysts shaping crypto's near-term outlook.
Let's get started.
Robinhood Chief Legal Officer Dan Gallagher is emerging as a leading contender to head the Securities and Exchange Commission if Donald Trump wins the 2024 election, Politico reported on Monday, citing former top regulators, lobbyists and securities lawyers.
Bitcoin's "Uptober" narrative is regaining momentum, according to QCP Capital analysts, driven by positive U.S. employment data and rebounding from last week's volatility that saw it drop to around $60,000.
A new Ethereum proposal, EIP-7781, suggests reducing the blockchain's slot time from 12 seconds to 8 seconds to boost transaction throughput by 33%.
Ethereum co-founder Vitalik Buterin donated $182,000 worth of ether, converted from billions of Moo Deng memecoin tokens people had sent him, to the biotech charity Kanro.
Donald Trump currently leads Kamala Harris by 8.3% on the decentralized predictions platform Polymarket, with 53.8% odds of winning the U.S. presidential election compared to 45.5%.
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