Crypto is on fire with whispers it could smash through a $5 trillion market cap “by next week,” as Bitcoin and Ethereum sprint toward fresh all-time highs. Big names are piling in—Tom Lee just dropped another $1 billion into ETH—and even Vanguard has flung open the doors to crypto ETFs, signaling that TradFi is really warming up to digital assets.
Meanwhile, the battle over stablecoins is heating up: Stripe just launched its own platform to challenge the Tether–Circle duo, Cloudflare is surprising everyone with on-chain payment tools, and SWIFT has teamed with ConsenSys on blockchain rails. Throw in Zcash’s 200% moonshot, Ethereum’s new Lighter perps exchange going live, and Circle’s controversial reversible USDC proposal, and you’ve got Uptober kicking off with a bang.
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