Starknet Targets Decentralisation for Ethereum Layer 2 Scaling
Starknet, Ethereum layer 2 scaling network plans to enhance decentralisation in its zero-knowledge proof rollup solution.

Acknowledging centralization in block production and proofs, Starknet focuses on decentralising each component to prevent censorship and system vulnerabilities. The step aligns with the broader trend of Ethereum layer 2 solutions focusing on decentralised protocols for heightened security and robustness

OKX's deal with Komainu and CoinShares will Increase Digital Assets
OKX, Komainu, and CoinShares have partnered to enable 24/7 trading of segregated assets, targeting institutional adoption of digital assets.

CoinShares will trade on OKX, and Komainu will serve as a third-party custody provider for collateral assets, reducing counterparty risks. This solves an important challenge and is in line with the infrastructure of traditional financial markets by giving institutional traders assurance.

https://www.coingabbar.com/en/crypto-shorts-news

Crypto News Key Highlights:
October's inflation report suggests a successful Fed battle against rapid inflation, with the Consumer Price Index slowing to 3.2% YoY. Core prices rose 4%, less than expected, indicating positive economic cooling. Stock markets surged as hopes grew for a pause in rate hikes. The report boosts confidence in the Fed's strategy.

FTT, FTX ecosystem's native token, surged 180% last week on hopes of FTX 2.0 relaunch, triggered by SEC Chair Gary Gensler's comments. FTT's trading volume and price rose, signaling optimism. Despite FTX's past challenges, FTT is up 232% from October lows, trading at $3.22. Speculations surround Tom Farley as a potential FTX buyer.

Read MORE NEWS- https://www.coingabbar.com/en/crypto-currency-news/crypto-daily-roundup-nov-crypto-market-slides-amid-uncertainty

StablR Raises Seed Round for Euro-Based Stablecoin
StablR, stablecoin startup has obtained a €3.3 million ($3.5 million) seed round for its euro-based stablecoin business. StablR introduced its EurR stablecoin last year and focused on enhancing stability and trust in the stablecoin market.

It is registered in Malta and provides transparent reserves data through Chainlink. StablR plans to enhance liquidity in both DeFi and CeFi markets by offering a euro-linked alternative in response to growing demand in the European region.

NBG Chooses Ripple for CBDC Development, Known as Digital GEL
The National Bank of Georgia (NBG) has teamed up with cryptocurrency giant Ripple for the development of its central bank digital currency (CBDC), known as the digital GEL. This exciting partnership is the initiative's pivotal moment for Georgia's financial sector. It incorporates Ripple's cutting-edge blockchain technology into its monetary system. This partnership is all about bringing innovation and digital advancement to Georgia's financial landscape.

The National Bank of Georgia (NBG) decided to partner with Ripple after carefully evaluating nine different tech companies. They were on the lookout for a partner who not only had cutting-edge technology but also shared their passion for innovation and making the public sector more efficient.

Ultimately, they chose Ripple because of their exceptional technical skills and the wealth of experience their team brings to the table. Natia Turnava, the acting Governor of the NBG, was particularly impressed with Ripple's expertise and team.
https://www.coingabbar.com/en/crypto-currency-news/georgias-nbg-partners-with-ripple-for-digital-gel

Tether's Supply Expands, Dominating Stablecoin Market
In October, Tether (USDT) expanded its supply by 1.9%, reaching a market cap of $84.98 billion. Tether accounts for over 27% of the $71.77 billion in total trades beyond 456 exchanges.

Other stablecoins like USDC and DAI experienced reductions. While First Digital USD (FDUSD) saw a significant 45.1% supply increase, making it the eighth-largest stablecoin.

Spot Bitcoin ETF Excitement Sparks Interest in Blockchain Games
Yat Siu, Animoca Brands founder believes the excitement around a potential spot Bitcoin ETF is not only driving up Bitcoin's price but also revitalising interest in blockchain games.

Yat Siu emphasises the importance of on-chain activity and the broader crypto ecosystem's dependence on Bitcoin. That could eventually evolve as the market matures.

Solana Based Web3 Tools Drive Returns for Mainstream Brands
As highlighted at the Solana Breakpoint conference in Amsterdam, Solana-based Web3 tools are providing valuable insights and driving returns for mainstream brands and companies.

The acquisition of Solana-based tools for payments and loyalty programs is gaining traction, with Boba Guys reporting a 800% return on investment. The recent integration of Solana Pay into Shopify further indicates the viability of Web3-based payment solutions.