First Mover Americas: Bitcoin Falls Back Below $68K, Still Outperforms Broader Market
The latest price moves in crypto markets in context for Oct. 25, 2024.
Financial
Financial
Polymarket Is Huge Success for Polygon Blockchain – Everywhere But the Bottom Line
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to veri, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.
Financial
MicroStrategy Touches New Highs as Trading Volume Relative to Nvidia Surges
MicroStrategy is up over 240% year-to-date with the NAV premium approaching 3.
Financial
Newly-Qualified Crypto Custodian Balance Aims to Bring ETF Assets Held in the U.S. Back to Canada
Until now, Canada’s crypto ETF assets have been held under sub-custody arrangements in the U.S. with firms like Coinbase and Gemini.
Financial
The Popular $100K Year-End Goal for Bitcoin Has Less Than 10% Probability in Options Market
Both retail and sophisticated investors expect bitcoin to trade at least above $100,000 by the end of the year.
Financial
Bitcoin Liquidity Could Flow to Cardano Ecosystem With New BTC Bridge
EMURGO, a founding entity of Cardano, will be among ecosystem buildings developing tools and services to attract the BTC capital.
Financial
Polymarket Trader Betting on Donald Trump Win Ends Up Getting 99% Odds
Low liquidity led to massive slippage for one entity trying to buy up Trump “yes” shares in a short period.
Financial
Pennsylvania House of Representatives Passes Crypto Bill to Bring Regulatory Clarity: Report
The bill aims to provide regulatory clarity for digital assets, including self-custody rights, bitcoin payments, and transaction taxation.
Financial
Improbable, the Company Building Yuga Labs’ Otherside, to Launch Somnia Blockchain DevNet Phase
The blockchain will process over 400,000 transactions per second, according to Improbable.
Financial
Microsoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: Filing
The proposal from the National Center for Public Policy Research, a conservative think tank, argues that bitcoin is an “excellent, if not the best, hedge against inflation.”