BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin
BitGo says USDS is an “open participation” stablecoin that provides rewards to institutions for providing liquidity to the ecosystem.
Financial
Market
Financial
Bitcoin Gains 5% to $61K Ahead of Fed, but Order Books Suggest Rally Could Be Capped
Wednesday’s FOMC meeting carries uncertainty for the market, with investors still divided on the magnitude of rate cut.
Financial
Tether-Issued Stablecoin USDT’s Market Share Grows to 75% as Market Cap Tops $118B
The largest stablecoin’s market cap has almost doubled in two years, while key rivals declined and new entrants have yet to pose a challenge.
Financial
A New Prediction Market Raises $3M in Pre-Seed Round Led by 1confirmation
Unlike industry leader Polymarket, Limitless Network isn’t focusing on the election. It’s carving out a niche with bets that expire quickly and with user-created markets.
Financial
DYdX to Debut Perpetual Futures on Prediction Markets as DEX Seeks to Raise Profile
Decentralized finance needs to develop a unique offering relative to centralized venues, dYdX Foundation CEO Charles d’Haussy said.
Financial
Bitcoin Holds Above $58K as Odds of Big Fed Rate Cuts Jump to 67%
Markets are seeing a nearly 70% probability of a bigger 50 bps rate cut to the 4.7%-5% range, up from 25% a month ago.
Financial
Another Bitcoin Miner Adopts MicroStrategy’s Playbook of Buying BTC in Open Market
Cathedra Bitcoin will move away from mining business and will develop veri centers instead.
Financial
Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations as
“Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps),” Marc Chandler, chief market strategist at Bannockburn Küresel Forex
Financial
‘An Explosion of Election Gambling’ Is Nigh, CFTC Warns Appeals Court
The regulator asked the court to extend the pause of Kalshi’s political prediction markets for as long as the agency’s appeal is pending.
Financial
Even Temporarily Blocking Election Contracts Risks ‘Irreparable’ Harm, Kalshi Argues
Kalshi wants an appeals court to let it trade political prediction markets while the CFTC appeals its court loss.