Beyond the Crypto Horizon investigates the changing world of cryptocurrencies through project research, news aggregation, and weekly fundraising updates.
China’s CPI rose to 0.9% from 0.8% in the previous month. PPI rose to 5% from 3.8% respectively.
US CPI rose to 3.7% in September vs. 3.4% in the previous month while core CPI also rose to 2.6% from 2.4% respectively.
Crypto
Babylon Labs has submitted a proposal to let users borrow stablecoins on Aave against native BTC. Under the hood, users would lock their BTC in vaults on the Bitcoin network and borrow against it on Aave. A non-transferable token on Ethereum would represent the collateral, while the BTC itself would remain on its native blockchain without being bridged or wrapped.
Polygon Labs has completed its acquisition of Coinme, giving its Open Money Stack access to money transmission licenses covering 48 US states. Tazapay, Mesh, Toku, and Kira are among the first companies using the platform for payments and payroll.
StarkWare has opened OffMarket to the public following a limited release in August, allowing users to trade on Polymarket without linking positions to their existing accounts.
Base introduced Earn & Borrow, a stack for apps to offer stablecoin yield and loans against customers’ crypto via lending markets like Morpho and Aave.
Polymarket weighs a token or IPO as its next step, Bloomberg reports. CEO Shayne Coplan teased an announcement ahead of TOKEN2049, but neither path is confirmed.
EQX Labs unveiled tokenized US stocks issued natively on Hyperliquid. The first 11 stocks and ETFs, such as SPY and NVDA, will soon trade 24/7 on its order book. Each token is backed 1:1 by real shares held at Alpaca, StoneX or Clear Street. EQX charges nothing to create, redeem or hold tokens and takes no cut of dividends; it earns from its share of Hyperliquid trading fees. Dividends are reinvested for now, and holders can send voting instructions by signing with their wallet.
BNY and Citadel tested tokenized Treasuries in a live repo trade. Citadel Securities bought a 2-year Treasury note, and its token settled on BNY’s private ledger in minutes, not T+1. Citadel then used the tokenized note as collateral in an overnight triparty repo, with BNY lending cash against it. BNY calls it the first use of tokenized assets on a major triparty repo platform. Next, BNY plans tokenized deposits for onchain settlement and longer settlement hours, reaching European and Asian trading hours next year.
Regulations
The European Banking Authority has named Circle’s USDC the EU’s first significant stablecoin under MiCA, putting it under direct EBA oversight from November 12.
Beyond the Crypto Horizon investigates the changing world of cryptocurrencies through project research, news aggregation, and weekly fundraising updates.
