Category Archive: Cryptocurrency, No picture
Polymarket’s presence overshadows BET despite strong debut
Key Takeaways BET reached $20 million daily volume but Polymarket maintains market dominance. Crypto prediction markets saw 740% volume growth and 1,500% user growth in 2024. Share this article Solana-based prediction market BET surpassed $20 million in daily volume on Aug. 29 but failed to sustain the volume spike the following day. Meanwhile, Polymarket is […]
Blockchain payments are already cutting costs and streamlining settlements – Binance Research
Key Takeaways Blockchain-based remittances settle within an hour, outperforming traditional methods. Solana processes about 1,000 TPS, while Visa has a capacity of over 65,000 TPS. Share this article Blockchain technology is revolutionizing the payments industry with near-instantaneous settlement times and significantly lower costs compared to traditional systems. According to a recent report by Binance Research, […]
Caitlin Long’s Custodia Bank slashes workforce under crypto regulatory strain
Key Takeaways Custodia Bank has laid off nine employees due to financial pressures and ongoing legal battles. The bank’s challenges are exacerbated by the Biden administration’s strict regulations on the crypto industry. Share this article Custodia Bank, a crypto-friendly bank founded by Wall Street veteran Caitlin Long, has scaled its workforce down from 36 to […]
BlackRock reports second day of outflows since January debut
Key Takeaways The iShares Bitcoin Trust saw its second outflow since January, reporting $13.5 million withdrawn. US spot Bitcoin ETFs have experienced a three-day streak of net outflows. Share this article BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust, faced a setback on August 29, with investors pulling $13.5 million, data from Farside […]
Bloomberg integrates Polymarket data to Terminal
Key Takeaways Bloomberg Terminal now includes Polymarket’s real-time election odds. Polymarket’s trading volume approached $450 million in August. Share this article Financial data and news service Bloomberg is incorporating election odds data from crypto betting platform Polymarket into its Terminal service, signaling growing institutional interest in blockchain-based prediction markets.Michael McDonough, Bloomberg’s chief economist for financial […]
Aptos-based Merkle Trade kicks off TGE sequence with dual rewards for participants
Key Takeaways Merkle Trade’s TGE features Genesis Staking and an LBA, offering multiple rewards. Participants can earn shares of MKL supply and trading fees through the LBA. Share this article Merkle Trade, the pioneering gamified perpetual futures decentralized exchange powered by the Aptos blockchain, is launching its token generation event (TGE) sequence, according to a […]
PolitiFi coins surge 782% in 2024, surpassing meme coins average gains
Key Takeaways PolitiFi coins outperformed meme tokens with a 782.4% gain in 2024. ConstitutionDAO leads the PolitiFi sector with a $385.6 million market cap. Share this article The political-themed meme coins known as “PolitiFi tokens” have surged 782.4% on average in 2024, as reported by CoinGecko. The category surpassed the broader meme coin category’s 90.2% […]
Grayscale’s Bitcoin stash down over 60% since ETF debut
Key Takeaways Grayscale’s spot Bitcoin ETF records drastic drop in holdings. BlackRock’s iShares Bitcoin Trust now leads the Bitcoin ETF market. Share this article Grayscale, the second-largest crypto asset manager, has seen over 60% of its Bitcoin holdings in its Grayscale Bitcoin Trust (GBTC) slashed since the fund was converted into an exchange-traded fund (ETF), […]
Bitcoin eyes $61,500 after bouncing back from key support test
Key Takeaways Bitcoin successfully tested $58,000 support, potentially targeting $60,500-$61,500 range. US spot Bitcoin ETFs experienced $127 million in outflows following the price drop. Share this article Bitcoin (BTC) is successfully testing weekly key support despite quickly crashing to the $58,000 price level on Aug. 27. According to the trader identified as Rekt Capital, a […]
CEO of Haru Invest stabbed during his trial in a Korean courtroom
Key Takeaways Haru Invest CEO Hugo Lee was stabbed during a fraud trial in Seoul by an investor who lost money. Haru Invest is accused of stealing $826 million from investors in an alleged Ponzi scheme. Share this article The CEO of the alleged Korean Ponzi scheme Haru Invest was attacked during a court trial […]
