The online prediction market platform Polymarket has retained a loyal user base a month after the 2024 US presidential election. Despite regulatory actions against Polymarket, the platform has continued to see consistent user activity.
This ongoing engagement from Polymarket's user base is noteworthy in the context of the platform's recent legal challenges.
Please open Telegram to view this post
VIEW IN TELEGRAM
2๐33๐ฅฐ22โค12๐คจ8๐6๐4๐ณ2
Nearly $2 billion worth of Bitcoin, originating from the notorious Silk Road dark web marketplace, has recently been moved to the Coinbase Prime platform, a cryptocurrency custodial service.
This transfer is significant because the Silk Road was infamous for enabling the sale of illegal goods, and the movement of these Bitcoins, likely acquired through illicit activities, adds an intriguing chapter to the ongoing story of the Silk Road's legacy.
Please open Telegram to view this post
VIEW IN TELEGRAM
1โค25๐19๐11๐8๐7๐ฅ4
The illiquid supply of Bitcoin, which refers to the number of bitcoins that are held in wallets and are unlikely to be sold, has reached a new all-time high of nearly 15 million tokens. This indicates that a significant portion of the total Bitcoin supply is not readily available for trading or spending, as it is being held by long-term investors or users who are not actively participating in the market.
The high level of illiquid supply suggests a growing level of scarcity and potential for increased price volatility in the Bitcoin market, as the available supply for trading and transactions is reduced. This development is likely to be of interest to Bitcoin investors and analysts, as it provides insights into the overall market dynamics and the potential impact on the price and adoption of the cryptocurrency.
Please open Telegram to view this post
VIEW IN TELEGRAM
1๐45โค17โก9๐5๐3๐1โคโ๐ฅ1
Ethereum's transaction revenue has surged since Donald Trump's election victory in 2024. According to Steno Research, Ethereum's daily transaction revenue has increased significantly since Trump's victory.
This suggests that the Ethereum network has experienced a boost in usage and activity following the 2024 US presidential election.
Please open Telegram to view this post
VIEW IN TELEGRAM
1โค31๐20๐ฅ18๐9๐2๐1
Virgin Voyages has become the first cruise line to accept Bitcoin as a payment method.
๐ Powered by V3V Ventures
Please open Telegram to view this post
VIEW IN TELEGRAM
โค28๐16๐ฅ7๐4
$443 million has been liquidated from the cryptocurrency market in the last 12 hours.
๐ Powered by V3V Ventures
Please open Telegram to view this post
VIEW IN TELEGRAM
๐44๐คฏ25๐ฅ12๐7๐3๐2๐2
Grayscale has filed to convert its existing Solana Trust (GSOL) into an exchange-traded fund (ETF), making it the fifth asset manager to do so. The Solana Trust currently has $134 million in assets under management. Grayscale has already successfully converted its flagship Ethereum and Bitcoin trusts into ETFs earlier this year.
With the crypto market, particularly Solana, seeing a sharp rally this year, the Solana ETF filing has caused the SOL token to jump about 3% in price. This filing comes as Grayscale competes with other providers like Bitwise, VanEck, 21Shares, and Canary Capital to launch a Solana ETF.
Please open Telegram to view this post
VIEW IN TELEGRAM
1โค41๐27๐ฅฐ11๐3โคโ๐ฅ2
Two crypto-friendly women, Perianne Boring and Caroline Pham, are being considered to lead the Commodity Futures Trading Commission (CFTC) under the Trump administration. Boring has been a vocal defender of the bitcoin mining industry and has criticized the Department of Energy and the Securities and Exchange Commission on their regulatory actions.
Pham, a Republican-appointed commissioner at the CFTC, has proposed a pilot program to regulate digital asset markets and tokenization, and has called for more international regulatory cooperation and clearer guidelines between the SEC and CFTC. Another name being considered is Summer Mersinger, as previously reported by Reuters.
Please open Telegram to view this post
VIEW IN TELEGRAM
1โค39๐27๐ฅ9๐3๐2
Please open Telegram to view this post
VIEW IN TELEGRAM
2โค62๐31๐30๐ฅ8๐ฅฐ7๐ข4๐3๐3
President-elect Trump has officially chosen pro-crypto Paul Atkins to succeed Gary Gensler as SEC Chair.
๐ Powered by V3V Ventures
Please open Telegram to view this post
VIEW IN TELEGRAM
1โค33๐13๐11๐10๐2
Please open Telegram to view this post
VIEW IN TELEGRAM
1โค53๐45๐ฅ13๐9
Please open Telegram to view this post
VIEW IN TELEGRAM
2๐คฃ82โค29๐18๐ฅ14๐7๐6๐ฅฐ5๐5๐ญ3๐2
Spot BTC ETFs in the U.S. saw $533 million in net inflows on Wednesday, with BlackRock's IBIT crossing $50 billion in net assets for the first time. Bitcoin has gained 50% in the past 30 days due to increased institutional demand, rising ETF inflows, improved sentiment, and optimism around the upcoming U.S. presidency. Traders expect the bullish momentum to continue, as Bitcoin's small market cap compared to other assets could attract more institutional investment.
However, some analysts warn of a potential market top and price correction to around $90,000. Bitcoin's surge past $100,000 represents a pivotal moment for the cryptocurrency industry, with a favorable regulatory environment in the U.S. likely to drive further institutional adoption.
Please open Telegram to view this post
VIEW IN TELEGRAM
1๐42โค17๐ฅฐ9๐คฌ5๐4๐3๐ค1
Mt. Gox moved a large amount of Bitcoin (BTC), worth around $2.8 billion, to an unknown address early on Thursday. This comes just three weeks after the exchange transferred 2,500 BTC to another unknown address. The exchange still holds over $4 billion worth of BTC.
These on-chain movements are likely related to creditor reimbursements, which were a significant source of bearish pressure on the cryptocurrency market this summer. The Mt. Gox trustee has postponed the deadline for creditor repayments by one year to October 31, 2025.
Despite these developments, Bitcoin's price has remained steady, trading above $103,000 at the time of writing. The movement of these large sums of BTC from the defunct Mt. Gox exchange has raised concerns and grabbed attention on cryptocurrency social media.
Please open Telegram to view this post
VIEW IN TELEGRAM
2๐44โค18๐8๐8๐ฅฐ1
President-elect Donald Trump congratulates Bitcoin investors on hitting $100,000.
๐ Powered by V3V Ventures
Please open Telegram to view this post
VIEW IN TELEGRAM
1โค57๐16๐15๐15๐ฅ4๐คฌ2๐คฏ1
The German government's decision to sell 50,000 Bitcoin at $54,000 resulted in a $2.4 billion loss in potential profits.
๐ Powered by V3V Ventures
Please open Telegram to view this post
VIEW IN TELEGRAM
1๐คฃ61๐38๐22โค12๐ญ9๐3๐3
Bitcoin (BTC) recently surged to an all-time high near $100,000 but sharply dropped below $94,000 late Thursday. This decline occurred without any clear reason, with prices falling to approximately $93,468.34 according to CoinDesk Indices, and around $90,500 on Binance and $92,000 on Coinbase.
Interestingly, this drop did not affect other cryptocurrencies, which remained stable. Bitcoin later rebounded to above $96,000.
Please open Telegram to view this post
VIEW IN TELEGRAM
1โค37๐25๐ฅ13๐6๐ข6๐3
AI-focused Ethereum layer-2 blockchain Mode is the latest network to bridge to Bitcoin (BTC) to tap into its substantial liquidity, as Bitcoin consistently represents over 50% of the total cryptocurrency market cap. With Bitcoin dominance reaching over 60% during the current bull market, projects on other networks are seeking ways to access this liquidity.
Mode has partnered with the rollup protocol BitcoinOS (BOS) to provide AI agents on its network with permissionless access to Bitcoin. BOS has previously implemented a similar integration with Cardano, activating its Grail bridge to facilitate BTC transfers using zero-knowledge (ZK) technology, which allows secure asset transfers without revealing additional information. Mode aims to enhance decentralized finance (DeFi) applications through on-chain AI-powered agents.
Please open Telegram to view this post
VIEW IN TELEGRAM
1๐47โค17๐7๐ฅฐ4๐3
Please open Telegram to view this post
VIEW IN TELEGRAM
1๐ฅฐ38๐16โค10โคโ๐ฅ10๐7๐ฅ6๐คฌ4๐ณ4๐3๐ค1
President-elect Trump has stated that his new crypto Czar, David Sacks, will "develop a legal framework to provide the clarity the crypto industry has been seeking."
๐ Powered by V3V Ventures
Please open Telegram to view this post
VIEW IN TELEGRAM
2โค42๐20๐13๐7๐3