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Weekly Roundup 11/01/24 (US Treasury on Stables, Polymarket volume, Singh Sentenced) (EP.571)
On The Brink with Castle Island
Bitcoin ETFs and Political Predictions
This chapter explores the rise of Bitcoin ETFs in traditional finance and scrutinizes allegations of wash trading affecting Polymarket's credibility. The discussion shifts to the impact of upcoming elections on the crypto market, focusing on critical races and the implications for pro-crypto legislation. Additionally, the chapter critiques regulatory perceptions of stablecoins and the challenges faced by CBDCs and firms like Paxos amidst evolving political dynamics.
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