Hey, it’s Marc ✌️

Everyone is talking about Trump’s “crypto presidency”. Did you know that Polymarket, the prediction market that grew by 100x this year, predicted US election results with 100% accuracy 2 weeks ahead? Survivor bias – maybe.

Nevertheless, the numbers are impressive: $3.5 billion — that’s how much people have bet on the big question: Who will win the 2024 presidential election?

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Here’s the big news that slipped under the radar: Paxos, Galaxy, Bullish, Anchorage, Kraken, Robinhood, and Nuvei launched the Global Dollar Network (GDN) — along with its own stablecoin, USDG [press release].

This is one of the most ambitious industry-wide stablecoin initiative to date, challenging USDT and USDC with almost 90% combined market share.

Just for context: Nuvei alone processes over $200B in global volume.

What makes GDN different?

Instead of holding all reserve benefits centrally, the Global Dollar Network shares rewards directly with participants, shaking up the traditional stablecoin model.

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📚 What we’re reading (& writing)

  • Crypto's Role In The AI Revolution. Pantera. Link

  • Bitcoin, BRICS, and the ETF Revolution. . Link

  • AI for Startups. Satya Nadella, Marc Andreessen, Ben Horowitz. Link

  • Value of Premium Content for Scaling AI models. . Link

  • Enterprises ramping up AI use cases. . Link

  • The Luxury Tech Playbook: Digital Transformation & Blockchain. 51 Insights. Link

  • How Brands Can Win on Roblox [Live event]. 51 Insights. Link