Haseeb Qureshi, managing partner at the VC crypto fund Dragonfly, believes that prediction markets like Polymarket have been vindicated after facing accusations of bias in anticipation of the U.S. election. Qureshi highlights that for-profit market makers are driven by potential earnings, giving them an edge over polls and media, which can be manipulated. ‘Poly-poll’ or …
Continue reading “Polymarket vs. Polls: Trump’s Victory Vindicates Prediction Markets”
Anton Siluanov, Russia’s Finance Minister, has clarified how cryptocurrency will be utilized in the country’s financial system now that mining has become legal. Siluanov stated that international settlements will be the primary use case for crypto. Finance Minister States Russia’s Cryptocurrency Strategy Focuses on International Settlements Russia is now in the process of defining the …
Continue reading “Dos and Don’ts: Finance Minister Explains Russia’s Cryptocurrency Strategy”
PRESS RELEASE. The ftNFT YoCerebrum Awards 2024 invites everyone to participate in the final voting phase to celebrate excellence in the NFT space. The voting period runs from November 6-10, 2024. The jury voting took place from November 1 to November 5, where a group of distinguished experts meticulously evaluated the submissions. During the jury …
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Data from Wednesday’s trading session reveals that U.S. spot bitcoin exchange-traded funds (ETFs) attracted a notable $621.9 million in positive inflows. Crypto ETFs Soar With Positive Inflows Both U.S. spot bitcoin and ether ETFs recorded gains in Wednesday’s session. According to sosovalue.xyz metrics, 12 spot bitcoin ETFs raked in a combined $621.9 million. Leading the …
Continue reading “US Spot Bitcoin ETFs Rake in a Staggering $621.9M in Inflows in a Single Day”
Former Goldman Sachs executive Raoul Pal is outlining what he says are currently the three most important charts for crypto and macro. The first chart Pal shares with his 1 million followers on the social media platform X is a graph plotting US labor force participation rate and the US birth rate per 1,000 people …
A widely followed cryptocurrency trader is leaning bullish on a low-cap memecoin built on the Solana (SOL) blockchain. Pseudonymous trader Bluntz tells his 288,100 followers on the social media platform X that the hippopotamus-themed memecoin Moo Deng (MOODENG) “looks appealing” as it sits around 53% below its all-time high reached in late September. According to …
Widely followed analyst Benjamin Cowen is issuing a warning on Bitcoin (BTC) as the flagship crypto asset trades near its all-time high. In a new video, Cowen tells his 820,000 YouTube subscribers that Bitcoin could turn bearish around one month after the US general election. “I just want to put that out there as one …
Current Sate of L2 Bridges 7 November 2024 The EEA is today publishing the Ethereum L2 Working Group’s 2024 report on “the Current State of L2 Bridges”, providing an updated survey of the L2 Bridge ecosystem. The full report of 9 pages (PDF), edited by Dr Andreas Freund on behalf of the group includes a …
TLDR ETH surged 10% to over $2,800 following Trump’s election victory Trump promised to make the U.S. a cryptocurrency hub during his campaign DeFi indexes are up 22% on average in the past 24 hours Market sentiment shows increased optimism for DeFi sector under Trump Technical indicators suggest continued bullish momentum for ETH Ethereum’s price …
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FTX former Chief Technology Officer Gary Wang has requested leniency from the judge ahead of his Nov. 20 sentencing, highlighting his cooperation with law enforcement and his testimony against Sam Bankman-Fried, according to Nov. 6 sentencing memo. According to the filing: “Gary is profoundly remorseful and has taken extraordinary steps to assist the Government and …
Major asset management firms reported significant inflows in their Bitcoin ETFs following Donald Trump’s victory in the 2024 US presidential election. On Nov. 6, Fidelity’s FBTC saw an inflow of $308.8 million, while BlackRock’s IBIT experienced an outflow of $69.1 million. Grayscale’s GBTC and BTC recorded an inflow of $30.9 million and $108 million, respectively, …
Insights Politics Theo’s high-stakes election wagers had been scrutinized for market manipulation concerns. Republican candidate Donald Trump is not the only one claiming victory in the just-concluded US elections. Theo4, reportedly a French trader, is also making headlines for pocketing close to $79 million from a high-stakes bet on Trump winning a second term on …
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Iran’s currency, the rial, plummeted to an all-time low on Wednesday, trading at 703,000 rials to the dollar, following Donald Trump’s victory in the U.S. presidential election. This significant decline, which later slightly recovered, signals new economic challenges for Tehran amid ongoing regional conflicts. The rial’s depreciation reflects the ongoing struggles of Iran’s economy, exacerbated …
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Decentralized artificial intelligence (AI) platform Singularitynet has announced the launch of AIRIS (Autonomous Intelligent Reinforcement Inferred Symbolism) within the popular game Minecraft, in collaboration with the Artificial Superintelligence Alliance (ASI). According to the developers, AIRIS is designed to evolve through direct interaction with its environment, enabling it to adapt and learn autonomously, thereby breaking away …
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Hodler Investments and GCL Energy Investment have partnered to develop a distributed energy infrastructure project in Ethiopia to power next-generation data centers. Boosting Ethiopia’s Data Center Market The United Arab Emirates (UAE) investment firm Hodler Investments has partnered with GCL Energy Investment to develop a distributed energy infrastructure project in Ethiopia. The project is expected …
