Weekly prediction market volume set a new high-water mark above $2 billion as Polymarket retakes its lead over competitor Kalshi, according to Dune Analytics data. Both Polymarket and Kalshi have experienced massive increases in user activity and trading volume over the last several months, as prediction markets as a whole gain broader mainstream awareness and
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Conferences like last week’s Digital Asset Summit remind us of the broader world that crypto is percolating. The attendance of some of the largest banks and asset managers (and what they’re working on) seems a solid indication of where we’re headed.
As the rest of the internet began to recover Monday afternoon from a seismic Amazon Web Services (AWS) outage, key crypto sites and service providers continued to struggle from the setback. Apps like Coinbase and OpenSea have remained partially or entirely down for many users, particularly those on the East Coast. Meanwhile, even decentralized crypto
Solana Company (HSDT), the digital asset treasury firm formerly known as Helius Medical Technologies and backed by Pantera Capital, has moved ahead with unlocking shares for early investors in its $500 million PIPE round as the company’s stock trades below the initial purchase price. The shares, sold in a private placement in September at $6.881
Monad’s long-awaited airdrop has the crypto community buzzing, but beneath the hype lies an ambitious engineering effort for the blockchain. Ahead of the much anticipated token release and the mainnet launch, CoinDesk explored how the team’s reimagined virtual machine combined with its fast execution could set up Monad to compete with some of the fastest
Key Takeaways Blockchain.com is reportedly exploring a SPAC deal to go public. The potential move would add to the momentum seen by other major crypto companies. Blockchain.com, a major crypto financial services company, is exploring a SPAC deal to go public, CoinDesk reported Monday. The firm is said to have held preliminary discussions about its
Key Takeaways Apple stock reached a new all-time high, fueled by strong demand for the iPhone 17. Apple’s partnership with Formula 1 is expected to enhance its brand visibility and expand its entertainment initiatives. Apple stock hit a new all-time high today, driven by strong demand for its latest iPhone model and excitement around a
Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology. The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages
After shaking up the markets with new trade measures against China, which will take effect on November 1, US President Donald Trump made new statements today that will reduce tensions. Trump said, “I think we will make a strong trade agreement with China,” adding, “We will have a meeting with Xi in South Korea, and
Reddit (NYSE: RDDT) is surging higher, climbing 6% to $206 as of early trading on October 20. Indeed, this surge comes at a time when RDDT stock has faced volatility, dropping 20% over the past month. Year-to-date, however, the social media giant remains up 24%. The rally comes after investment firm Raymond James raised its