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Polymarket bettors have put $1.1 billion in volume on the outcome of the Superbowl, which saw the Philadelphia Eagles beat out the Kansas City Chiefs 40-22, as the betting platform continues to gain steam, despite regulatory hurdles. Polymarket has become the go to avenue for placing on-chain bets, which
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Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks' accumulations.This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull run will continue as markets are pressured by
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The perceived odds of Ye, the rapper formerly known as Kanye West, launching a token have plummeted after he posted on social media that he is “not doing a coin” in a post where he added that “coins prey on the fans with hype.”That post saw the perceived odds of
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Crypto investment magnate Barry Silbert is betting big on decentralized AI, calling it "the next big era of crypto" that could be bigger than even bitcoin.In a letter to shareholders of his crypto conglomerate Digital Currency Group, Silbert went long on deAI: the crypto industry's effort to fuse AI innovations
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We are entering a new epoch where the ability to use and to work with artificial and synthetic intelligence is a human right.Access to intelligence – the prerogative to innovate, work with, and benefit from higher levels of synthetic intelligence – belongs to the people.Building on increasingly inexpensive compute, abundant
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Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include the heads of Coinbase, Ripple, Circle, Crypto.com and other digital assets firms.Pham had suggested the idea for a so-called regulatory sandbox on
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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3233.37, up 2.6% (+83.05) since 4 p.m. ET on Thursday.All 20 assets are trading higher.Leaders: LTC (+4.9%) and DOT (+4.8%). Laggards: BTC (+1.6%) and ETH
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Job growth in the U.S. fell short of expectations in January, however, unemployment came in lower than expected, putting back on the table the possibility of the Federal Reserve further easing monetary policy.The U.S. economy added 143,000 jobs in January, the Bureau of Labor Statistics reported on Friday, below forecasts
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By Omkar Godbole (All times ET unless indicated otherwise)The crypto market remains directionless, with bitcoin (BTC) languishing below $100,000 before the U.S. jobs report. It's surprising prices have not yet crossed that threshold, especially after President Donald Trump's son, Eric, encouraged the family-linked WLFI to invest in BTC in a
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Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).In a recent Schedule 13G filing, BlackRock (BLK) disclosed that it now owns 5% of Strategy (MSTR), equivalent to approximately 11.2 million shares. This marks a 0.91% increase from its previous 4.09% ownership as of September 30, 2024, according
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