The Rising Influence of Stablecoins in Cryptocurrency Markets

Disney reported some surprisingly strong streaming numbers. A recent Nvidia keynote included a virtual replica of its CEO. What if USDC becomes a stablecoin defacto backed by the US Fed. And in the weekend longreads suggestions, why stablecoins generally have become the lynchpin of the crypto universe.

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Links:

• Disney+ beats expectations to reach 116 million subscribers in Q3 (TechCrunch)
• Nvidia Reveals Its CEO Was Computer Generated in Keynote Speech (Motherboard)
• How Circle could create a U.S.-backed digital currency (Axios)
• Crypto platform Poly Network rewards hacker with $500,000 'bug bounty' (Reuters)

Weekend Longreads Suggestions:

• Why the Stablecoin Issuers Will Inherit the Earth (Bloomberg)
• I Joined a Penguin NFT Club Because Apparently That’s What We Do Now (NYTimes)
• Status Monkeys (Not Boring)
• How Figma Became Design’s Hottest Startup, Valued At $10 Billion (Forbes)
• Massachusetts Start-Up Hopes to Move a Step Closer to Commercial Fusion (NYTimes)

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