Author: Coindesk
In prediction markets, traders bet on verifiable outcomes of real-world events in specified time frames. Typically, they buy “yes” or “no” shares in an outcome, and each share pays $1 if the prediction comes true, or zero if not. (On Polymarket, bets are settled in USDC, a stablecoin, or cryptocurrency that trades one-to-one for dollars; other platforms, including Kalshi and PredictIt, pay out regular greenbacks.) Read the full article here
Bitcoin and other major cryptos traded little changed on the final day before the U.S. presidential election. BTC edged back toward $69,000, around 0.8% higher in the last 24 hours. The broader digital asset market was more muted, rising less than 0.5%. From being a few dollars away from a new record last week, bitcoin pulled back to a low of $67,600 on Sunday, seemingly in tandem with a retreat in the more pro-crypto Donald Trump’s chances of election victory. With only hours remaining before the first polls open in some eastern states, it seems traders are sitting on their…
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“MAS has seen strong interest in asset tokenization in recent years, notably in fixed income, FX, and asset management. We are encouraged by the keen participation from financial institutions and fellow policymakers to co-create industry standards and risk management frameworks to facilitate commercial deployment of tokenized capital markets products, and scale tokenized markets on an industry wide basis,” said Leong Sing Chiong, deputy managing director (Markets and Development) of MAS. Read the full article here
Bets above $10,000 and $100,000 have increased over the weekend to above-average activity. Large holders of Trump and Harris’ “yes” shares are offloading their shares amid the high demand, likely taking profits from the price rise in those shares over the past few months. Read the full article here
Since, though, Trump’s odds have been falling, as has the price of bitcoin and cryptocurrencies in general. At one point overnight, the former president’s victory chances declined to less than 53% (with Harris rising to above 47%). Alongside, bitcoin fell to as low as $67,600. At press time, during the U.S. morning hours Sunday, both Trump and bitcoin have come back a bit, with Trump sitting at 56% and bitcoin at $68,300, lower by more than 2% over the past 24 hours. Read the full article here
“Going forward I will turn down all advisorships, angel investments, and security councils,” Drake said on X. “This personal policy goes above and beyond the recent EF-wide conflict of interest policy, not because that was asked of me but because I want to signal commitment to neutrality.” Read the full article here
Overall, mining bans would be more effective, from an environmental perspective, in countries such as China, Russia, and Malaysia, with Kazakhstan taking the lead in that category. They will backfire, however, in most of the Americas and in Europe, with a special emphasis on Nordic countries and Canada. Read the full article here
In May, Biden ordered the bitcoin mining facility near Warren Air Force Base to stop operations, citing a threat to national security as it uses foreign-sourced technology. MineOne, which the government noted acquired the property as a business majority-owned by Chinese nationals, set up shop within a mile of the military facility in Cheyenne, which houses Minuteman III intercontinental ballistic missiles (ICBMs). Read the full article here
In addition to potentially hurting Storm’s defense, Klein’s letter to the court suggested that Judge Failla’s ruling may have contravened one of the federal rules that govern criminal proceedings. Essentially, Klein argued that the government cannot legally compel the defense to disclose the names of its expert witnesses unless the defense has requested the same information from the prosecution. Storm’s defense “intentionally made no such request,” Klein wrote, in order to keep their witness list private. Read the full article here