Whales made a splash on the South Korean exchange Upbit, swooping in with significant amounts of Tether’s USDT stablecoin to snap up coins at discounted prices after the declaration of martial law led to a flash crash in bitcoin (<a href=”httpss://www.coindesk.com/price/bitcoin/ ” target=”_blank”>BTC</a>) and other token prices. The large traders transferred over $163 million in […]
Polymarket Bettors Skeptical Over Potential Microsoft (MSFT) Bitcoin Purchase
Michael Saylor’s pitch to Microsoft’s (MSFT) board on whether the software giant should add bitcoin to its balance sheet is unlikely to get shareholder approval, with <a href=”httpss://polymarket.com/event/will-microsoft-shareholders-vote-for-bitcoin-investment?tid=1733211064555″ target=”_blank”>Polymarket bettors</a> only giving an 11% chance of it being approved. Each bet comprises a “Yes” and a “No” side. Each share pays out $1 in USDC, […]
Polymarket Retains Loyal User Base a Month After Election, Data Shows
During the dog days of summer, Polymarket’s election betting surged on (correct) speculation that the Democrats would make a “hot swap” of Joe Biden for Kamala Harris as their presidential candidate. Trading volume grew and grew through the fall. All along, <a href=”httpss://www.coindesk.com/business/2024/08/29/can-prediction-market-boom-continue-after-election-this-crypto-team-has-a-plan” target=”_blank”>doubts lingered</a> about whether the platform’s trader base would hold steady after […]
De-banking Deserves Urgent Attention
Until last week, the issue of de-banking remained largely an open secret, something known primarily to insiders like myself. As I work to protect people and entities affected by de-banking both in the U.S. and globally, I have witnessed firsthand the devastating economic and social impact this has had on businesspeople, nonprofit organizations and “politically […]
Ether’s Risk-Reward Is Attractive, Bernstein Says
Ether (ETH) has underperformed its larger rival bitcoin (BTC) year-to-date, but ETH exchange-traded fund (ETF) inflows have inflected suggesting this period of underperformance may be over, broker Bernstein said in a research report on Monday. The broker noted that on Friday Blackrock’s spot ether ETF saw inflows of $250 million, versus only $137 million of […]
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