Crypto prices were slightly higher on Monday amid rising odds in prediction markets for a near-term U.S.-Iran peace deal, as Iranian negotiators arrived in Doha for talks. Bitcoin gained 1.6% in 24 hours to $77,500, ether rose 1.4%, and the broader CoinDesk 20 (CD20) added 1.56%. Traders on Polymarket pushed the probability of a permanent…
NEAR Protocol’s token climbed 15% over the past 24 hours to $2.8, extending a month-long rally that has seen the price of NEAR double in the past month. The move comes amid the success surrounding NEAR Intents, the network’s cross-chain transaction system. The product allows users to request a desired outcome, such as swapping USDC…
Indonesia’s Ministry of Communication and Digital Affairs has blocked access to Polymarket, saying the crypto-based prediction market amounts to online gambling under local law. The ministry said it had cut access to the platform and was tracing affiliated social media accounts for possible restrictions across other digital channels. Alexander Sabar, director general of digital space…
Ethereum co-founder Vitalik Buterin said the Ethereum Foundation will choose “longevity over breadth,” reduce ETH sales and narrow its focus to CROPS: censorship resistance, capture resistance, openness, privacy and security. In a lengthy post on X, Buterin detailed that the Ethereum Foundation holds roughly 0.16% of all ETH, well below the 10% to 50% he…
The coming week appears to be macro-led, with U.S. economic data carrying the main calendar risk. Inflation, growth, jobless claims and housing numbers all land before the open, giving markets insight on whether the Fed has room to cut rates. Prediction markets and the CME’s FedWatch tool currently point to rates remaining unchanged in June’s…
Prometheum is betting that the next phase of tokenized finance will be won not by crypto exchanges, but by traditional broker-dealers and registered investment advisers (RIAs). “The story of tokenization so far has been about issuance, but no one has addressed the challenge of how to get those products to mainstream investors,” Aaron Kaplan, co-founder…
Crypto fund flows are starting to fracture, with investors exiting bitcoin BTC$77,397.64 and ether (ETH) exchange-traded funds (ETFs) while rotating into alternative tokens such as Hyperliquid’s hype (HYPE) and XRP (XRP). Bitcoin ETFs saw more than $1 billion in outflows last week, extending a sharp institutional pullback, while ether funds lost another $215 million, according…
Crypto trading platform Hyperliquid is beginning to compete with traditional exchanges and prediction market operators as it expands beyond perpetual futures trading, according to a new report from FalconX. Senior crypto market strategist David Lawant outlined how Hyperliquid’s recent moves into pre-IPO markets, prediction contracts and tokenized real-world assets are broadening the platform’s appeal beyond…
Bitcoin BTC$77,389.41 was slightly higher on Monday as a sharp decline in oil prices helped lift Asian stock markets. At 6:35 UTC, the leading cryptocurrency by market value traded near $77,200, up 0.4% from midnight UTC, according to CoinDesk data. At that level, bitcoin was trading just above its widely tracked 50-day simple moving average…
Kalshi has backed a new lobbying group for prediction markets called Americans for Fair Markets, which has tapped former deputy White House chief of staff Taylor Budowich as its strategic advisor. Kalshi said on Friday that the organization is positioning itself against sportsbooks and casinos, which it claims are “focused on protecting their monopolies and…
