Stablecoin Supply Expands by $5B Since U.S. Election as Investors Pile Into Crypto

Odaily Planet Daily News: Etherscan data shows that the supply of stablecoin USDe issued by Ethena Labs has returned to over 3 billion, currently around 3032938419. The reason for the rebound in USDe supply can be attributed to the soaring funding rates in the contract market. According to data from Ethena's official website, the average APY of sUSDe (pledged USDe) has risen to 29% in the past week.

According to BlockBeats, on November 14th, Uniswap Foundation officially released its unaudited quarterly financial summary as of September 30, 2024, stating that as of Q3, it held $33.83 million in US dollars and stablecoins, as well as 610000 UNI (denominated in UNI). These dollars and stablecoins will be used to fund grants and operational activities, while UNI will be used for employee token rewards. The expected time frame for the use of funds is until the end of 2025 and has been allocated as follows: A total of 24.72 million US dollars will be used for funding, of which 17.33 million US dollars will be used for funding commitments in 2024 and 2025, and 7.39 million US dollars will be reserved for promised funding to be allocated. The remaining $9.11 million will be used to fund operating expenses until the end of 2025.

On November 14th, according to two informed sources, US President elect Trump is seriously considering nominating his chief lawyer Todd Blanche as the next Deputy Attorney General, the second highest position in the Department of Justice. Blanche has been Trump's attorney for the past 18 months and defended him in this year's Manhattan criminal hush money trial. During this period, his relationship with Trump became increasingly close, often appearing by his side in Palm Beach or during Trump's travels. Due to his closeness and Trump's trust in him, it is widely expected in Trump's inner circle that if he wins, Blanche may follow him into the federal government. Trump has previously announced that he has chosen Florida Congressman Matt Gaetz as Attorney General, which could trigger a difficult confirmation battle in the Republican controlled Senate. (Golden Ten)

Odaily Daily News: StarkWare CEO Eli Ben Sasson stated that he expects OP-CAT (a major upgrade to the Bitcoin network) to go live within the next 12 months. During an interview at Devcon 2024 in Thailand, Ben Sasson stated that the launch of OP-CAT will bring a range of new features to Bitcoin, including "contractors, ZK rollup, and L2 network". It is worth noting that the launch of OP-CAT will make Starknet the first L2 network to perform local settlements on Bitcoin and Ethereum. （Cointelegraph）

Odaily Planet Daily News: According to on chain analyst @ ai_9684xtpa monitoring, since the "mysterious whale that spent 15140 SOL heavily on Pnut/FRED/OPK" first opened a position in OPK, the token has risen 1027%. Due to its small market value, OPK has become the strongest rising token among the three established positions in the past 24 hours. And the floating profit of the giant whale has soared to 64.13 million US dollars, with the principal increased by 26 times, and it has not been sold yet.