Bitcoin’s six-figure price ambitions are getting a cold reception from prediction markets, where traders are putting real money behind decidedly modest expectations. On Oct. 13, Polymarket participants assigned just a 27% probability to bitcoin reaching $100,000 before 2027, while the odds of touching that milestone before November stood at a paltry 2%. Meanwhile, Kalshi’s October
Bitcoin treasury company Strive ASST$27.60·Market Closed on Tuesday evening announced a new perpetual preferred stock, SATS, with a 15% fixed dividend. The company is aiming to sell 5 million shares at $100 per share, for a capital raise of $500 million, with proceeds to be used to purchase additional bitcoin BTC$83,498.63, acquire income-producing assets, or
A study released by the Bank for International Settlements on Oct. 13 links bank deposit repricing to a larger estimated slowdown in $USDC growth than in $USDT growth, so banks’ offers can shape stablecoin adoption differently for each issuer. Higher deposit rates give holders a stronger financial reason to keep balances at a bank. In
Arbitrum has surpassed 13 million transactions on its One platform, utilizing priority fees for quicker execution. This milestone underscores the growing adoption of Arbitrum as a leading Ethereum scaling solution, as highlighted in a recent tweet by @arbitrum. The significant transaction volume also suggests heightened user engagement and demand for faster transaction processing. Breaking It
The global tokenization movement is gaining traction, with a striking 89% of the $3.8 billion tokenized stock market issued by non-US entities. This trend indicates a shift in how assets are being tokenized, with 94% of the market providing exposure to US-listed stocks and ETFs. Such developments may influence future investment strategies and market dynamics.
BNY, the world’s largest custody bank, and trading giant Citadel Securities said Tuesday they had completed a transaction using tokenized U.S. Treasuries, showing how blockchain technology could help Wall Street move assets between trading and financing more quickly. The transfer focused on collateral, a key part of financial markets. Banks and trading firms use U.S.
OP Labs’ Chief Scientist, Karl Floersch, recently emphasized the requirements institutions must meet to operate effectively onchain. He highlighted how the OP Stack is constructed to facilitate these needs, which could significantly impact institutional engagement in the crypto space. This insight was shared via a tweet from the official Optimism account, indicating a strategic shift
$NEAR Protocol is making waves with its innovative $NEAR Intents feature, designed to enhance user interactions and improve cross-chain experiences. Additionally, the launch of the Robinhood Chain at Token2049 marks a significant development in the blockchain space, showcasing $NEAR’s commitment to innovation. This strategic move could attract further investment and user engagement in the $NEAR
Solana’s blockchain is making strides in security with the successful testing of Falcon-512 post-quantum signing for multisig voters. This advancement, confirmed by the cofounder of Squads, signifies an important step in enhancing transaction security on the Solana mainnet. As this technology rolls out in the upcoming SquadsX release, it could reshape how users engage with