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.Source
Archive for month: October, 2024
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.Source
Improbable, the Company Building Yuga Labs’ Otherside, to Launch Somnia Blockchain DevNet Phase
Improbable, the British metaverse technology company creating Yuga Labs’ Otherside platform, has said the Somnia blockchain will enter its DevNet phase in the coming weeks.Source
Microsoft Urges Shareholders to Vote Against a Proposal to Assess Bitcoin as a Diversification Investment: Filing
The National Center for Public Policy Research, a conservative think tank, has notified shareholders of Microsoft that it intends to propose a Bitcoin Diversification Assessment at the company’s annual meeting on Dec. 10, a filing shows.Source
Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness
Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.Source
Activist Group Says Kalshi’s Election Market Should Be Shut Due to ‘Manipulative’ Whales
Better Markets is using Polymarket’s “French connection” as ammo against the prediction market’s regulated competitor.Source
Circle’s Allaire: Stablecoins Could Expand by Trillions in 10 Years, Will Be Integral Part of Global Financial System
While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview.Source
Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi
The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading.Source
As ‘Sentient Memecoins’ Become Latest Crypto Fad, GOAT Surges to $800M and an AI Rambles
Some claim a new wave of big-money tokens are backed by sentient AI bots. But that’s not the reality.Source