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CryptoSlate says prediction-market traders can correctly forecast an election winner yet overpay, as odds may shift sharply between viewing a quote and placing a bet during news-driven trading activity.
Michael Saylor responded to Jason Calacanis’s comparison of bitcoin with obsolete CDs and DVDs. CoinDesk summarized Saylor’s reply with “The orange tie stays,” highlighting the ongoing debate over bitcoin’s long-term relevance.
Bitcoin climbed above $81,000 on Friday, reaching $81,055 before trading at $80,982. The cryptocurrency gained nearly 6% over 24 hours despite the Clarity Act’s failure, an interest-rate hike and other weekly crypto-sector setbacks.
Bitcoin climbed above $81,000 on Friday, reaching $81,055 before trading near $80,982. The cryptocurrency gained nearly 6% in 24 hours despite the Clarity Act’s failure and an interest rate hike.
The SEC is advancing work on tokenized stock trading despite lawmakers holding back the long-awaited Clarity Act, Bitcoin Magazine reports. The move signals continued U.S. regulatory activity around crypto markets and blockchain-based financial products.
Solana is rolling out upgrades that increase the amount of data applications can include in each transaction and shorten the interval between network slots, as blockchain activity reaches record levels, CryptoSlate reports.
The FCA is working with the Treasury on a possible bespoke framework that would exempt tokenized gold from traditional fund rules, in an effort to support London’s gold market.
Bitcoin climbed despite hot US inflation data and the possibility of an interest-rate hike, Bitcoin Magazine reported. The report gave no specific price, inflation figure, or details on the potential policy decision.
Long-term U.S. Treasury yields rose despite a $6 billion buyback, with persistent debt concerns and higher oil prices continuing to pressure global bond markets, CoinDesk reported.
Hunter Biden’s LAPTOP memecoin left nearly 80% of traders in the red within hours, according to Bubblemaps data cited by CryptoSlate. Of 15,206 traders, 12,151 lost money and 3,026 were profitable.
