A new report from Bitget and Polymarket reveals that prediction markets are evolving into a $240 billion industry driven by retail users who are trading more frequently on everything from crypto to politics.
News from Web3, Bitcoin and crypto crurrency launches and market updates
Bitcoin recovered from a midweek dip to $75,500 to climb back above $78,000 by Saturday morning in Asia, with the Senate’s stablecoin yield compromise removing a key roadblock to crypto market structure legislation.
A new design proposed by venture fund Paradigm would let holders privately timestamp proof that they control vulnerable keys before quantum computers arrive, creating a possible rescue path if Bitcoin ever sunsets old addresses.
The text released Friday blocks crypto firms from offering stablecoin yield offerings that look like bank deposits, but “bona fide” transactions are allowed.
AMD’s expansion and improved financing terms highlight Riot’s shift beyond bitcoin mining and strengthen confidence in its growing data center business.
The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine, raising roughly $10.2 million.
STRC’s volume weighted average price of $99.76 for April kept the dividend steady for a third consecutive month.
The Senate agreed unanimously to revise its rules to ban members and their staffs from wagers on prediction markets platforms.
Cathie Wood’s Ark Invest snapped up over 500,000 shares of Robinhood on Wednesday, joining a wave of analysts who believe a surge in April trading activity will outweigh a recent earnings disappointment.
Senators Elizabeth Warren and Ron Wyden sent letters to Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick’s family.
The incident shows that as more real-world outcomes become tradable, the real bottleneck is not trading itself, but the integrity and certification of the data used for settlement, argues Hallali.
Hawkish dissent within the Federal Reserve, elevated oil prices and rising long-term inflation expectations are pushing bond yields higher.