Daily Market Wrap | Nov. 11

Hot Topics

• IRS issues safe harbor guidance allowing crypto ETPs to stake digital assets.
• Prediction markets show 96% odds U.S. shutdown ends by mid-November post-Senate funding bill, but ACA subsidy fights persist, impacting midterm blame game.
• Senate Ag Committee's draft crypto bill grants CFTC new authority over digital commodities and funding, but leaves unresolved issues like resources and conflicts amid bipartisan efforts.

Market Updates

• Standard Chartered partners with DCS to enable DeCard stablecoin spending via credit card in Singapore, bridging crypto with traditional finance.
• Coinbase launches UK savings accounts with 3.75% AER interest on GBP deposits, instant access, and FSCS protection up to £85K for eligible users.
• Uniswap proposes "UNIfication" to unify Labs and Foundation, activate protocol fees with UNI burn (including 100M retroactive), zero product fees, and governance overhaul via auctions and budget.