Author: driver789
Polymarket has removed a betting market tied to the rescue of U.S. service members in Iran, after intense backlash and criticism from lawmakers this weekend.The market allowed users to wager on when the U.S. would confirm the rescue of two airmen after an F-15E fighter jet was shot down over Iran. The crew members have since been rescued.Rep. Seth Moulton, a Democrat from Massachusetts, criticized the listing in a post on X, calling it “disgusting” and arguing it reduced a military rescue effort to a financial trade.Moulton has taken a hard line on prediction markets, recently banning his staff from…
Bitcoin is entering the new week under a cloud of doubt, with social sentiment tilting to fear just as price action continues to stall below $66,800. Data from Santiment shows a noticeable change in crowd behavior, hinting that the market’s mood may be reaching an inflection point. Sentiment extremes have often corresponded with turning points in previous cycles, but the current backdrop of price action is somewhat confusing. Related Reading FUD Returns With Bitcoin Stalling At $66,800 On-chain analytics platform Santiment pointed out a notable change in crowd psychology on Saturday, reporting that bearish discussions across X, Reddit, Telegram, and…
The odds of the United States invading Iran this year surged to 63% on the Polymarket prediction platform on Sunday, following comments made by US President Donald Trump on social media.The odds of an invasion before 2027 are still down from the high of 68% on March 29, which occurred due to a US troop buildup and comments from the Trump administration that the US was considering capturing Kharg Island, a major Iranian oil shipping station.The Polymarket trading volume for a potential US invasion of Iran was about $3.74 million at the time of publication.Odds of the US invading Iran…
The relatively calm atmosphere in the cryptocurrency market stands in stark contrast to the volatility of geopolitical events. While Bitcoin and altcoins traded almost flat over the past week, global developments were closely monitored. The new week will see particular focus on developments regarding the conflict between the US and Iran. US President Donald Trump announced he has given Iran until Tuesday to sign a deal. Trump is threatening to strike every power plant and bridge in Iran if the deadline passes. However, Trump also maintained that a deal is highly likely tomorrow. We’ve compiled the key altcoin events and…
This week, Google published a paper describing how a quantum computer could theoretically derive a bitcoin private key in 9 minutes, with ramifications that stretch to Ethereum, other tokens, private banking, and potentially everything in the world.Quantum computing is easy to mistake for a faster version of a regular computer. But it is not a more powerful chip or a bigger server farm. It is a fundamentally different kind of machine, different at the level of the atom itself.A quantum computer starts with a very cold, very small loop of metal where particles begin to behave in ways they do…
A popular crypto trader has come forward on the social media platform X to predict that the Bitcoin price might soon head further downwards to the $63,000 level. This prognosis is based on the liquidity dynamics that have, over the past few weeks, driven the flagship cryptocurrency’s price. Bitcoin Market Structure Suggests More Volatility Ahead In a 4th of April post on the X platform, KillaXBT revealed the possible trajectories the Bitcoin price could follow over the coming weeks. The crypto trader’s analysis is based on the current technical structure of BTC, citing multiple support and resistance levels visible on…
US dollar-pegged stablecoins and Bitcoin (BTC) share a “symbiotic” relationship, mutually benefitting from rising adoption, according to Sam Lyman, head of research at Bitcoin Policy Institute (BPI), a Washington DC-based digital asset advocacy organization.“Bitcoin is beneficial to the US system because the largest Bitcoin trading pair is BTC/USD,” or Tether’s USDt (USDT) stablecoin, which is backed by cash deposits and short-term US government debt, Lyman told Cointelegraph. He added:“There is a symbiotic relationship between BTC and the dollar system because BTC is most frequently traded in dollars. So, I do see those things as being mutually reinforcing, which runs contrary…
A striking claim in the cryptocurrency market has been brought to light by on-chain analyst Taylor Monahan. Monahan alleges that IT personnel with ties to North Korea (DPRK) played an active role in the development of many major crypto protocols, dating back to the period known as the “DeFi Summer.” According to the analyst, these individuals were involved not only in small projects but also in leading platforms in the industry. Monahan cited well-known projects such as SushiSwap, THORChain, Harmony, Ankr, Shiba Inu, Yearn Finance, and Floki as examples. Monahan noted that the list he shared represents only a limited…
Bitcoin may no longer move in step with Federal Reserve policy, according to a new report from Binance Research, which points to a structural shift driven by spot exchange-traded funds.For years, crypto markets reacted sharply to interest rate signals, with bitcoin falling when central banks tightened monetary policy.That pattern now appears to be breaking as Binance data shows bitcoin’s correlation with its Global Easing Breadth Index, which tracks 41 central banks, has turned strongly negative since 2024. Spot bitcoin ETFs were approved by the U.S. Securities and Exchange Commission (SEC) in January 2024.Before ETFs, the relationship was mildly positive, with…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…