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MSB Intel
@MSBIntel
Industry leading commentary on markets, macro, and emerging tech. Email us: contact@msbintel.com
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The first US Injective ETF, $INJC, launches on Nasdaq with staking built in. The fund aims to stake up to 90% of its INJ holdings and automatically restake net rewards. @injective
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Kraken's Protected Strategies USDC vault now carries onchain cover from Firelight, backed by XRP staked on Flare. Kraken vaults have drawn more than $800 million in deposits since launching in January. @FlareNetworks
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Hedera's chief policy officer Nilmini Rubin on AI rules at the CFTC's first Frontier Forum: "...the U.S. doesn't need to come down. We're in a particularly good moment to have the rest of the world come up to our level." @hedera
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Kraken, with 6.6 million funded accounts, has more than 5.31M INJ staked across its two Injective validators, the most of any operator. That is more than 9.28% of all staked INJ, ahead of the Injective Foundation's 5,054,750.43. @injective
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Gulf Labs, part of Thailand's $27B GULF Group, Japan's SMBC Nikko and AWS are partners in Injective's first Hacker House, in Bangkok from December 1 to 10. 20 teams will build RWA, privacy and AI agent apps there. @injective
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Hashgraph, the team behind Hedera, has joined DTCC's digital assets working group, alongside more than 150 members from traditional finance and digital markets. DTCC's depository custodies over $114 trillion in assets. @hedera
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In a recent exclusive MSB Intel interview in the UAE: DFINITY founder, Dominic Williams, said Pakistan is creating a national chat app on ICP infrastructure that will have +100M users. @dominic_w @dfinity
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Kalshi, Coinbase, Kraken and OKX now build markets on Pyth Indices, from Kalshi's US30 contracts to Kraken's oil perps. Pyth listed 75 live index feeds on October 27, up from 17 products at the June launch. @PythNetwork
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Traders on Robinhood Chain, built by the broker with 28.6 million funded customers, swapped $191.09M through Aero in its first five days there. Aero's daily volume on the chain rose from $23.92M on day one to $59.73M on day five. @aeroxyz
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Perpetual futures on BlackRock's $11.29B Brazil ETF, EWZ, traded $218M between Sunday's runoff poll close and the US morning. 99% of it was priced on Pyth, as hourly volume went from $1M to $52.8M. @PythNetwork
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Jupiter Lend took in a record $249,074 in fees on October 24, its biggest day since launch and 1.73 times Kamino's $144,190. It is also the largest lender on Solana, with $972.32M in active loans. @JupiterExchange
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DTCC, whose depository custodies over $114 trillion, has its head of digital assets speaking at Stellar's Meridian conference in Lisbon on October 28 and 29. BNY, U.S. Bank, Cantor Fitzgerald, Meta and General Motors are also on the lineup. @StellarOrg
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Firelight, the DeFi cover protocol on Flare, now holds 36.05% of all FXRP in circulation, more than any other app. That is 51.74M FXRP, Flare's wrapped XRP, staked to back onchain cover for DeFi platforms. @FlareNetworks
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EtherFi's card has been used for 13,109,546 purchases, more than twice the 5,480,773 made with the Gnosis Pay and MetaMask cards combined. Its 119,727 wallets have spent $1.037B on the card. @ether_fi
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Arbitrum has 11,676,419 stablecoin holders, 2,820,191 more than Coinbase's Base. That is also more than 3.5 times the 3,327,165 holders on Optimism, another major Ethereum layer 2 network. @arbitrum
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OKX, the exchange with over 120 million customers, has brought Ethena's $4.58B USDe to its X Layer network and OKX Wallet. It is the first time OKX Wallet users can access Ethena's products, starting with Aave v3 on X Layer. @ethena
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MapleStory, the Nexon game franchise with more than 250 million players, runs MapleStory Universe on Henesys, Nexon's own Avalanche L1. Henesys has processed 188,853,679 transactions from 3,565,058 addresses. @avax
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BNY, which oversees $63.4 trillion in assets, will speak alongside Intercontinental Exchange, Robinhood and Tradeweb at Ripple's Swell, which opens Tuesday in New York. Ripple expects 1,500+ attendees and 100+ speakers over three days at The Shed. @XRP @Ripple
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Cardano founder Charles Hoskinson calls Filecoin one of several core partners that are "part of the story of how Midnight is going to evolve." Midnight's node operators include Google Cloud, MoneyGram and Worldpay. @Filecoin
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Ult, the trading app Cronos Labs built on Cronos, lists tokenized Apple, NVIDIA, Tesla, Microsoft and Amazon stock, plus the S&P 500, Nasdaq-100, gold and crude oil. Users fund one cash balance with Apple Pay, crypto or an exchange account. @CronosNetwork
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