The Daily: Monad begins rolling out testnet, Bernstein’s catalysts for a $200,000 bitcoin price and more
2024-11-19

I hope you had a good weekend, folks. In today's Daily, Monad begins rolling out its testnet, Bernstein outlines the upcoming catalysts for bitcoin to reach $200,000, Tether-backed firm Quantoz launches MiCA-compliant stablecoins and more.
Meanwhile, options trading on spot bitcoin ETFs could go live this week after the OCC says it's "preparing for clearance."
Let's get started.
Monad begins rolling out testnet
The highly-anticipated Ethereum-compatible Layer 1 Monad has begun rolling out its testnet as part of a phased release, a source told The Block.
Bernstein outlines key catalysts for bitcoin to reach $200,000
Analysts at research and brokerage firm Bernstein have outlined the key upcoming catalysts that could propel bitcoin's price to their cycle target of $200,000 in 2025.
Tether-backed Quantoz launches MiCA-compliant stablecoins
Netherlands-based Quantoz Payments has launched MiCA-compliant stablecoins USDQ and EURQ, pegged to the dollar and euro, on the Ethereum blockchain.
MicroStrategy acquires another $4.6 billion worth of bitcoin
MicroStrategy acquired another 51,780 BTC between Nov. 11 and Nov. 17 for approximately $4.6 billion at an average price of $86,627.
Goldman Sachs to spinout digital assets business within 12-18 months
Goldman Sachs is in talks to spin out its digital assets platform into a new company within 12-18 months, enabling large financial firms to create, trade and settle assets via blockchain, subject to regulatory approvals, Bloomberg reported.
In the next 24 hours
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.