Prediction-market platforms Polymarket and Kalshi are in discussions with Galaxy Digital as institutional interest begins shifting toward event-driven trading. Summary Galaxy Digital is in talks to act as a market maker on Polymarket and Kalshi as institutional firms examine the growing event-trading sector. Prediction-market volume and valuations have surged, supported by Google Search integration, new
Bitcoin price started a recovery wave above $88,000. BTC is now struggling and might face hurdles near the $89,500 zone and $90,000. Bitcoin started a recovery wave and climbed toward $89,000. The price is trading above $86,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $89,000
SanDisk Corp. will join the S&P 500 on Friday, November 28, 2024, replacing Interpublic Group of Companies Inc., according to S&P Dow Jones Indices. After the announcement on Monday, shares of the computer storage maker surged by more than 9% in after-hours trading. This milestone signals SanDisk’s rapid rise, while Strategy (formerly MicroStrategy) faces another
Bitcoin is struggling to reclaim momentum as it trades below the critical $90,000 level, with selling pressure dominating the market and fear spreading rapidly. Many analysts are leaning toward calling the start of a new bear market, arguing that Bitcoin likely topped in early October near $126,000. Momentum has weakened sharply since then, and investor
Crypto mining stocks jumped as much as 20% led by BitMine and Cipher Mining, after Amazon unveiled plans to invest up to $50 billion in AI infrastructure for U.S. government agencies. This shift comes as Bitcoin miners face declining profitability following the 2024 halving event. Meanwhile, demand for AI compute capacity is soaring. Tech giants
Strategy typically starts the week by highlighting the amount of Bitcoin that recently was added to its stockpile, yet the company was unusually silent on Monday. The Bitcoin-buying firm stopped purchasing the asset for the first time in several weeks, as its stock price hovered near a 14-month low, according to TD Cowen Analyst Lance
The Bitcoin price reversal gained traction as buyers reversed a bearish breakdown from yearly support. The BTC rebound gained momentum after the dovish Fed signals hinting at a 25 bps cut at the December meeting. Last week, the U.S.-based spot Bitcoin ETFs recorded a net weekly outflow of $1.22 billion. Since last weekend, the Bitcoin
TD Cowen analysts say Strategy’s stock could face continued pressure due to an impending MSCI review. The firm expects that PBTCs like Strategy will be removed from all MSCI indexes this February. A formal decision is expected around mid-January. Cowen called the potential removal “capricious” but emphasized that investors should prepare for sustained selling pressure.
Berachain and the overall decentralized finance market experienced a new force over the last 24 hours, with Berachain network standing out distinctly among others. The latest industry data showed that Berachain had the most significant increase in the total value locked in the DeFi, with a massive 27.89 percent spike. TVL in the chain had
Key Takeaways Amazon is investing $50 billion to expand AI and supercomputing infrastructure for AWS US government customers. The initiative will provide federal agencies access to advanced AWS AI services and high-performance computing, accelerating critical missions. Amazon announced Monday that it will invest up to $50 billion in AI and supercomputing infrastructure enhancements for Amazon