Author: driver789

As platforms such as Polymarket gain mainstream visibility during U.S. election cycles and major geopolitical events, their prices are increasingly cited as real-time signals of truth. The pitch is seductive: let people put money behind beliefs, and the market will converge on reality faster than polls or pundits. But that promise collapses when a contract creates a financial incentive for someone to change the very outcome it claims to measure.The problem is not volatility. It is design.When a forecast becomes a planThe most extreme example is the assassination market, a contract that pays if a named individual dies by a…

Altcoin trading activity has continued to weaken across the crypto market, which is another sign of the current investor appetite for altcoins. New data shared by CryptoQuant analyst Darkfost shows spot trading volume on Binance and other major exchanges is now at extreme lows compared to levels seen during the crypto market’s more active phases in February and October 2025. Altcoin Trading Volumes Drop Across The Board Analysis of altcoin flows shows how much of the remaining altcoin activity is now flowing through Binance compared to the rest of the crypto market. Data from CryptoQuant shows altcoin spot volumes on…

CoinGecko, a cryptocurrency data and analysis platform, has shared its updated list of the most searched crypto assets on its platform in recent hours. The list, compiled based on search data from the last 3 hours, shows that altcoins with high volatility are particularly attracting investor interest. Siren (SIREN ($2.39 · Live)), which topped the list, attracted attention by recording a rise of over 177% in the last 24 hours, while Resolv USR (USR) stood out with its sharp decline. Pudgy Penguins (PENGU ($0.01 · Live)), one of the popular projects in the NFT ($0.00 · Live) ecosystem, also ranked…

The current Bitcoin (BTC) bear market can be explained by the four-year cycle and long-term BTC holders selling at the $100,000 psychological level, according to Anthony Scaramucci, managing partner of the SkyBridge investment firm.Bitcoin’s four-year market cycle has been “muted” by institutional investors and inflows from BTC exchange-traded funds (ETFs) that have cushioned volatility, Scaramucci said, but the altered market dynamics have not fully erased BTC’s traditional cycles. He said:“We’re in a four-year cycle, and there were some traditional whales, some OG’s, that believe in the four-year cycle, and guess what happens in life when you believe in something? You…

The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission published interpretive guidance explaining how they might define what is or isn’t a security in crypto; the CFTC also issued a no-action letter for a non-custodial wallet provider to facilitate derivatives and prediction markets transactions; Arizona is filing criminal charges against a prediction market provider; and by the way we kind-of-sort-of have hints of movement on market structure legislation.What a week, huh?You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeThe U.S. Securities and…

After a poor performance in the first two months of the year, the XRP price appears to have steadied its movement, rousing the hopes of relief among investors. However, the latest on-chain analysis suggests that the altcoin might not have hit its true local price bottom yet.  Number Of Days Spent At A Profit Still Quite Low — Analyst  In a recent post on the social media platform X, on-chain analyst Joao Wedson offered insights into the XRP market, saying the cryptocurrency is yet to enter the early phases of a price rebound, contrary to popular expectations. This on-chain hypothesis…

Bitcoin (BTC ($68,790.00 · Live)) mining profitability has come under significant pressure due to rising costs and geopolitical tensions. According to data from the on-chain analytics platform Checkonchain, as of mid-March, the average cost of producing one Bitcoin has risen to approximately $88,000. In contrast, the Bitcoin price is trading around $69,000. This reveals that miners are losing an average of $19,000 per BTC they produce, operating with a negative margin of approximately 21%. The cost pressure stems not only from falling prices but also from rising energy costs. Geopolitical tensions in the Middle East, particularly developments centered around Iran,…

Resolv Labs moved Sunday to reassure users after an exploit hit the issuance mechanics of its USR stablecoin, knocking the token off its dollar peg and prompting decentralized finance (DeFi) protocols with exposure to move quickly to contain any fallout.Cointelegraph reported earlier Sunday that an attacker exploited USR’s minting mechanics, creating tens of millions of unbacked tokens and dumping them through DeFi pools, which broke the stablecoin’s peg and prompted Resolv to pause protocol functions as it assessed the damage.The token dropped as low as $0.14 (86% below its intended $1 price) after the exploit before rebounding to $0.42 at…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The latest on-chain data shows that a prominent Ethereum whale has returned to the crypto market over the past week, as the ETH price persists above the $2,000 level. ETH Whale Held $538M In Crypto In 2022 According to data from Arkham Intelligence, an Ethereum OG whale known as thomasg.eth has been on an Ether buying spree (valued at approximately $19.5 million) over the past week. The entity acquired spot Ether, wrapped ETH (WETH), and Aave-deposited ETH across Arkham-tracked wallet addresses, with the latest purchase worth $3…

Gold is approaching a technical bear market, down nearly 20% from its January all time high. Traditionally viewed as a store of value and hedge against geopolitical uncertainty, gold’s recent performance challenges that narrative. Despite escalating tensions in the Middle East, prices have fallen around 10%, since the war started at the end of February.Markets have also repriced the interest rate outlook, with cuts now largely pushed out and policy expected to remain restrictive through December 2026. At the same time, rising oil prices, driven by geopolitical risk, are adding upward pressure on inflation, reinforcing the higher for longer rate…