There’s been quite a bit of buzz in the crypto space lately.

Let’s start with some big news—the French People’s Savings Bank has directly opened crypto trading services to its clients. Traditional banks are getting serious about crypto, and that’s not a small signal. Meanwhile, Vitalik Buterin took to social media to express a need: he thinks on-chain gas fee management is too primitive and urgently needs a decentralized gas futures market to optimize costs. The tech crowd definitely has a different focus.

On the policy front, there are new moves as well. Pakistan’s Ministry of Finance recently held a dedicated meeting to discuss a national regulatory framework for digital assets. More and more countries are starting to take this seriously, and the process of compliance is accelerating.

Speaking of the macro environment, economists have basically reached a consensus: there’s a high probability the Fed will cut interest rates in December, and maybe two more cuts before 2026. If liquidity really does loosen, it’ll definitely be bullish for market sentiment.

Stablecoin data is also interesting—Circle has issued an additional 10 billion USDC just this month. That kind of supply expansion suggests either institutions are stockpiling dry powder, or there’s an explosion in on-chain capital demand.

Lastly, a quick note on funding: blockchain bank N3XT has completed $72 million in Series C financing. Institutional capital is still pouring into the infrastructure track, showing that big money remains bullish on the industry long-term.

That’s enough information to digest for a while.