Today in crypto, the Bitcoin Policy Institute released a paper advocating for Bitcoin as a reserve asset for central banks. The paper, written by economist Matthew Ferranti, posits that Bitcoin can protect against inflation, geopolitical risks, and sovereign defaults, due to its supply cap and self-storage features. Meanwhile, Ethereum co-founder Vitalik Buterin unveiled the fifth part of his blog series titled 'The Purge', aimed at reducing data bloat by simplifying the Ethereum protocol and addressing barriers for new nodes joining the network. However, the changes may not directly affect gas fees. In other news, Polymarket's founder, Shayne Coplan, clarified that despite the platform's rising prominence amid the U.S. presidential election, its vision is not to function as a political website but rather to utilize prediction markets for real-world events analysis, dismissing claims of political bias among its developers.

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