Author: Coindesk
Exchanges offer their biggest customers discounted trading fees, treating them like VIPs to boost the odds they’ll stick around. Prime brokerages – firms that provide trading services for professional, and often large, investors – could, in theory, funnel several customers’ trading through a single account at an exchange, qualifying for those lower fees. Read the full article here
Phnom Penh-based Huione Pay received the funds between June last year and February this year, according to the report, which cited blockchain data. The crypto was stolen by hackers from Lazarus from three crypto companies in June and July last year, Reuters said. Read the full article here
Tether has hired the chief economist from blockchain analytics firm Chainalysis, Philip Gradwell, to take up a similar position at the stablecoin giant, where he will be responsible for quantifying the Tether economy to regulators, the company said on Monday. Read the full article here
Each share pays $1 if the prediction turns out to be correct, and zero if not. The bets are settled in USDC, a stablecoin, or cryptocurrency pegged to the dollar, and programmed into a smart contract, or software application, on the Polygon blockchain. Read the full article here
The probability of Donald Trump retaking the White House jumped to an all-time high on Saturday after the shooting at the Pennsylvania rally, according to traders on Polymarket. “Yes” shares in Polymarket’s contract on whether Trump will win the presidency climbed 10 cents after the incident to 70 cents, meaning the market now sees a 70% chance he will prevail in November’s election. Each share pays out $1 if the prediction comes true, and zero if not. Meme tokens named after Trump also surged after the shooting. MAGA, for example, rose 34% on a 24-hour basis to $8.38, according to…
Pertsev’s lawyers were seeking bail to allow the Russian to prepare for his appeals process but the court said “that continuing his detention does not obstruct his possibility to prepare his defense,” Keith Cheng, Pertsev’s lawyers said according to the report. Read the full article here
Still, the SNFT token has dropped by 20% to $0.024 in the past 24 hours and had a market capitalization of $565,000 at press time, according to Coingecko. Meanwhile, leading fan tokens like the Paris Saint-Germain Fan and FC Barcelona Fan tokens traded 2% to 4% higher alongside a renewed upswing in market leader bitcoin’s price. Read the full article here
In recent months, Trump has reversed course and embraced crypto to outflank his rival, Joe Biden, and win over the supposedly single-issue crypto community, which is seeking a friendlier regulatory environment for the industry. As such, bitcoin and the broader crypto market have become bets on Trump’s victory. The former president is committed to speaking at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27. Read the full article here
The former president, who was injured at a rally in Pennsylvania on Saturday, now has a 69% chance of retaking the White House, according to traders on the crypto-based prediction market. Trump-themed Polifi tokens and crypto broadly also rose. Read the full article here
“I do believe the labor market is going to be the bigger risk to the economy going forward,” said John Leer, head of economic intelligence at Morning Consult. “While it shows signs of cooling, it remains very strong by historical standards,” he added. “It would be a historical anomaly if the Fed manages to successfully engineer a soft landing, i.e., tame inflation without triggering a recession.” Read the full article here