While prediction market platforms are under legal scrutiny in the US, many Coinbase users are claiming that the app is pushing them to gamble. Negative reactions to cryptocurrency exchange Coinbase using its notifications to push bets on event contracts amid the March Madness basketball tournament range from “annoying” to “absurd.” In January, Coinbase rolled out...Continue Reading
Ether traders said ETH price could see further downside after bulls failed to defend the $2,000 support as signs of declining demand were apparent. Ether’s (ETH) drop below the $2,000 on Friday put it at risk of a deeper correction in the coming weeks or months. Key takeaways: Ether’s price shows structural weakness as it...Continue Reading
Crypto cycles trap retail in speculation. Savings layers with capital preservation and prize incentives rewrite participation for consistent gains. Opinion by: Ilya Tarutov, founder of Tramplin Crypto hasn’t struggled because the technology was flawed. Instead, it faltered as a result of the incentive structures the industry created, which have quietly turned it into something that...Continue Reading
ICE completed a new $600 million investment in Polymarket, advancing its $2 billion funding deal as prediction markets face growing scrutiny. Intercontinental Exchange (ICE), the parent of the New York Stock Exchange (NYSE), said Friday it completed a new $600 million direct cash investment in Polymarket, deepening its bet on prediction markets as a new...Continue Reading
An ECB working paper found DeFi governance remains highly concentrated, complicating efforts to identify who should fall under MiCA oversight. The European Central Bank published a working paper on March 26, finding that governance in four major DeFi protocols was heavily concentrated. The staff paper looks at Aave, MakerDAO, Ampleforth and Uniswap, and finds that...Continue Reading
Markets are yet to fully price in three major catalysts for XRP, while big Bitcoin traders are just waiting for the war to end. Trade SecretsContinue Reading
Bitcoin joined a risk-asset rout as oil-supply nerves sparked major US inflation warnings, with $70,000 in place as new BTC price resistance. Bitcoin (BTC) neared $66,000 at Friday’s Wall Street open as analysis called US inflation trends “objectively unsustainable.” Key points: Bitcoin drops further on oil-supply woes as Iran closes the Strait of Hormuz. Read...Continue Reading
If betting markets are to be believed, the chances of former FTX CEO Sam Bankman-Fried getting a presidential pardon this year aren’t looking good. The chances of former FTX CEO Sam Bankman-Fried getting a pardon didn’t seem great this year, and a recent downtick on prediction markets shows that they aren’t getting any better. Both...Continue Reading
Bitcoin grabbed downside liquidity as oil-supply pressure sent BTC price action below $66,500 to its lowest levels since March 9. Bitcoin (BTC) neared three-week lows into Friday’s Wall Street open amid reports of Iran closing the Strait of Hormuz oil route. Key points: Bitcoin reacts badly to fresh oil-supply threats ahead of Friday’s Wall Street...Continue Reading
Bitcoin long-term holders continued to expand their holdings, while increased withdrawal from exchanges flashed a classic supply shock warning. Bitcoin (BTC) dropped toward $67,000 during the European trading session on Friday despite an increase in long-term buying. Exchange withdrawals also increased to 16-month highs, suggesting reduced “immediate selling pressure,” a new analysis said. Key takeaways:...Continue Reading
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