Author: NBTC
Polymarket bettors have challenged the resolution of a market titled “Will Trump launch a coin before the election?” calling the outcome a colossal blunder. Whether former U.S. President Donald Trump would launch a cryptocurrency before Nov. 4 stirred up controversy on Polymarket’s prediction platform. The contract, with over $50 million in trading volume, appeared set to reach a “Yes” resolution. “Will Trump launch a coin before the election?” prediction contract | Source: Polymarket Holders of “Yes” shares formed the largest group in this market. A single user in this category owned over 8.3 million shares, suggesting that person spent thousands…
South Korean investors, who are quite influential in the cryptocurrency market, have moved away from Bitcoin and towards altcoins. The reason for South Korean investors moving away from Bitcoin was cited as the negative Bitcoin Korea premium index of CryptoQuant. CryptoQuant’s Bitcoin Korea premium index, which measures the price difference between Korean and overseas exchanges, turned negative and fell to -0.55, reflecting the deepest decline since October 2023, data showed. This means that the Bitcoin price on Korean exchanges is trading at its biggest discount since October 2023, meaning lower. The fact that the BTC price was traded at a…
While various politicians have voiced support for crypto, a Coinbase executive is urging the industry to take note of how candidates elaborate on the topic. While the upcoming presidential election’s outcome is likely to be consequential for the crypto community, it has already been “an extraordinarily successful election year” for the segment, Coinbase Chief Policy Officer Faryar Shirzad said. “Whatever happens on Election Day will be just additive to the success we’ve already had by putting ourselves on the main political stage,” the executive noted during an interview with Blockworks last week at Permissionless. Read more: Politics and memecoins drive…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For years, blockchain interoperability has been a buzzword and a top priority within the crypto and web3 industry. Despite numerous platforms, protocols, and projects dedicated to solving the lack of inter-blockchain communication, broad interoperability within the widening ecosystem remains out of reach. You might also like: DeFi needs more interoperability, not apps or infra | Opinion Despite the up-and-down crypto price swings we’ve seen lately, the foundation of the digital assets sector, which includes blockchain, is much…
Idiosyncratic factors keep BTC under pressure as gold rallies to record high. Gold’s surge hints at a favorable macroeconomic conditions for bitcoin ahead. Some analysts caution against reading too much into the gold rally. Gold rose to a new record high reaching $2,564 per ounce on Friday, taking its quarter-to-date gain to 10%. Bitcoin (BTC), often touted as digital gold, remained under pressure at nearly $58,000, representing a 7% quarterly loss, according to CoinDesk data. The yellow metal’s performance looks even more impressive, if you consider that Wall Street’s benchmark index (S&P 500) has only eked out a meager 2%…
The decentralized prediction platform Polymarket has surpassed $2 billion in total volume for the upcoming 2024 US presidential election. As of now, Republican candidate Donald Trump holds a commanding 61.3% chance of winning, with over $605 million in volume and $267 million wagered, according to Polymarket’s data. In contrast, Democratic candidate and current Vice President Kamala Harris trails with 38% odds, nearly $405 million in volume, and $159 million bet on her victory. Trump’s rising odds follow a CryptoSlate Insight report, which revealed that large-scale traders, or “whales,” have significantly influenced the market in Trump’s favor over the past day.…
While Solana (SOL) has been experiencing a significant bull run over the past few days, recent activities from whales indicate a potential price crash may be imminent. In the last 24 hours, a Solana whale unstaked 100,000 SOL tokens and transferred the funds to Binance, one of the most liquid crypto exchanges. At the time of the withdrawal, the tokens were valued at approximately $14.9 million. This latest move to liquidate a substantial portion of the whale’s Solana portfolio follows a transaction three days ago when the same investor unstaked 100,000 SOL tokens and moved the assets to Binance. The…
By taking action against Chicago-based trading firm Cumberland DRW, the U.S. Securities and Exchange Commission (SEC) has issued a general warning signal to crypto market participants, especially those with ties to traditional finance, according to regulatory experts. Sean Tuffy: “Cumberland Case Was a General Warning to Crypto Market” The SEC’s lawsuit accuses Cumberland DRW of operating as an unregistered dealer in the cryptocurrency markets, with the regulator citing nearly $2 billion worth of transactions that it claims constitute securities transactions. “I would be surprised if this was the only case the SEC had on its hands, and similar firms should…
Dune Analytics has recently announced a thrilling development by integrating B3 Chain. As per Dune Analytics, this integration denotes an important move in the evolution of blockchain gaming-related data, letting gamers and developers explore, analyze, and track the dynamics of blockchain gaming in a new way. The platform took to its official social media account to offer insights into this endeavor. ⏰ The week is not over yet and we are bringing 1️⃣ more chain onto Dune!Welcome @b3dotfun, the L3 blockchain built on top of @base dedicated to optimizing Web3 gaming, is now LIVE on Dune! 🎮🔥Start exploring B3 data…
Recent market analysis shows that Bitcoin has been trading below its 200-day simple moving average (SMA) for over a month, raising investor concerns. According to data shared by analyst Ali Martinez, Bitcoin’s movement below this level has often signaled a period of bearish momentum, with potential corrections to follow. Currently, the 200-day SMA is around $64,000, a level Bitcoin last approached roughly four weeks ago. Bitcoin’s inability to break back into this level suggests continued resistance in the market. According to Martinez, Bitcoin’s price could be headed toward its Realized Price at approximately $31,500, which is historically a key support…