Midday News Update #Web3

📊 Wintermute OTC and derivatives trading surged over 300% in 2024, driven by institutional demand and deeper liquidity. Memecoin OTC trading grew 210%, reflecting rising institutional interest.

🪙 #stablecoin market cap surpasses $210B, hitting a new all-time high with a 1.81% increase in the past week. $USDC saw a 5.43% rise, reaching $48.2B.

🏛 The #FDIC is accused of withholding key crypto-related "pause letters" in a Coinbase-backed FOIA lawsuit, with allegations of 150 missing documents linked to "Operation Chokepoint 2.0."

🔄 Institutional investors are shifting from Nvidia to crypto ETFs, with Millennium and Capula cutting #NVDA holdings and boosting BlackRock's IBIT Bitcoin ETF by millions of shares.

🎁 $MIRA's largest holder transferred 52.3M tokens to #TRUMP , with another 100M locked in the DAO treasury pending a vote. 10% of locked tokens will be burned to support rare disease research.