Author: James Wilson
Blockchain prediction platform Polymarket is set to disrupt the U.S. sports betting market, with stocks already reacting. Summary Polymarket will likely return to the U.S. in November The platform is set to take on the U.S. sports betting market Shares of Flutter and DraftKings fell 3% and 5% after news broke Polymarket is planning its U.S. return, with its eyes on the sports betting market. On Tuesday, October 28, Bloomberg reported that the prediction platform is set to return to the U.S. in November, after it left the market in 2022. The report claims that the company has plans to…
Tether Gold now represents over $2 billion in value, cementing its role as a foundational asset that merges the security of physical bullion with the operational ease of a digital token for a new class of investor. On Oct. 28, stablecoin giant Tether announced that its Tether Gold token (XAUT) has surged past a $2 billion market capitalization. This milestone, reached as the token’s value climbed from $1.44 billion at the end of Q3 to approximately $2.1 billion in a matter of weeks, is backed by over 375,000 fine troy ounces of physical gold held in a Swiss vault. Notably,…
Wall Street was upbeat Tuesday, with Dow Jones Industrial Average rising more than 150 points and S&P 500 and Nasdaq jumping to record highs as Nvidia and a Microsoft-OpenAI deal boosted US stocks. Summary US stocks popped to all-time peaks as investors positioned ahead of October Federal Reserve interest rate decision. S&P 500 hit new peak and Dow jumped 150 points and looked to extend its winninng streak. Wall Street held onto upbeat sentiment amid market boost from Nvidia and Microsoft and OpenAI. With the Federal Reserve interest rate decision expected on Oct. 29, sentiment across risk assets ticked up,…
Vladislav Ginzburg, founder and CEO of OneSource, says that blockchain gaming is ready to move past the hype. Summary In crypto, hype runs ahead of real utility, says OneSource CEO Gaming should use blockchains for what blockchains are really good for Blockchains are slow, so we shouldn’t expect full games to run on them Once hailed as the future of play, blockchain gaming has spent the last few years in the shadow of its own hype. Early ideas of player-owned economies, tokenized rewards, and interoperable universes never quite lived up to the promise. Still, as the noise faded, more serious…
Polygon is integrating Manifold Trading, an institutional-grade quant firm to tap into data-driven liquidity and institutional-grade execution features for its decentralized finance ecosystem. Summary Polygon Labs is joining forces with quant firm Manifold to boost its DeFi ecosystem. The platform eyes institutional-grade liquidity for its burgeoning market, including fintechs and neobanks. Integration comes as institutions increasingly tap into opportunities across DeFi. Polygon Labs announced its move to join forces with the quantitative investment firm Manifold via a press release on Tuesday. The aim is to bring institutional-grade liquidity to its decentralized finance ecosystem, Polygon Labs said. Collaborating with Manifold allows…
CoinTerminal executive Maximiliano Stochyk breaks down the key factors that make a DeFi project successful. Summary Real revenue is the key to any successful blockchain project Major launch signals include backers, exchange listings, and KOLs More and more Web2 projects are entering Web3 to raise money Real World Assets, AI, and quantum computing are the hottest trends right now Token launches are easier than ever, which makes good projects harder to spot than ever. As capital becomes more selective, investors are going back to the basics. This means looking at projects with transparency, strong tokenomics, and critically, real revenue. To…
Vitalik Buterin has shared new research that could reshape how Ethereum approaches proof verification and scaling in the coming years. Summary Vitalik Buterin introduces GKR, a protocol for faster proof aggregation. GKR improves efficiency for Ethereum’s ZK and rollup systems. It marks a step toward Ethereum’s “Lean” and quantum-secure vision for 2025. Vitalik Buterin has introduced the GKR protocol, a breakthrough proof system designed to make zero-knowledge computations faster and more efficient. Published on Oct. 20, on his personal blog vitalik.eth.limo, Buterin’s new tutorial details the Goldwasser–Kalai–Rothblum protocol. This recursive proof aggregation method has the potential to change how Ethereum (ETH)…