Also: Trump faces likely conviction, per Polymarket punters; CFTC hearing to discuss political betting ban.
Chainalysis will help Tether monitor secondary market for illicit activity
The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.
How CZ’s ‘Good Guy’ Reputation Secured 4-Month Prison Sentence
Judge Richard Jones said he spent the weekend pouring over the voluminous letters of support for the ex-CEO of Binance until the book they were contained in literally fell apart.
Binance’s CZ Will Spend Less Than a Year in Prison, Polymarket Traders Bet
Also, the CFTC wants to bar Americans from betting on elections – even though it’s already illegal in most U.S. states.
Consensys, a Target for the SEC’s Assault on ETH, Is Fighting Back
Visa provides stablecoin analytics dashboard with ‘noise’ filtered out
The financial services giant wants to make data about stablecoin usage clear and accessible, which requires some processing.
Here’s the 6 biggest crypto VC deals in Q1 2024 and late 2023
The volume of crypto VC funding in Q1 2024 surged for the first time since the start of the crypto winter in 2022.
Will Bitcoin’s New BIP Editors Streamline Development?
Five new editors were added to help speed up the process of approving and merging Bitcoin Improvement Proposals.
Polymarket Odds Say Columbia University President Will Keep Job
Continuing pro-Palestine protests won’t lead to Minouche Shafik having a fate similar to Claudine Gay, who was recently forced to resign as Harvard’s president, the prediction market signals. Plus: Kalshi bettors don’t think Taylor Swift will break her record.
Is the Bitcoin Rally Over? Reasons to Stay Bullish on BTC Despite Correction
Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but “few understand how normal corrections like these are in bull markets,” one observer noted.
‘DePIN’ Is Venture Capitalists’ Latest Crypto Obsession. Can It Match the Hype?
Already a multi-billion-dollar sector of the crypto industry, the DePIN narrative is a promising one, according to experts.
Free Money? Polymarket Bet Pays 8% if China Doesn’t Invade Taiwan
Betting against that outcome could yield almost 8x as much as Taiwan government bonds. Plus: Mideast turmoil barely changes presidential odds.
Which Crypto Projects Will Airdrop Next? Prediction Markets Are Placing Bets
Eigenlayer has a 75% chance of sending users free tokens by June 30, the odds on Polymarket signal. Plus: Kalshi lands a big Wall Street account.
Did Strong Bitcoin ETF Demand Kill Halving’s Potential Bullish Rally?
The much stronger-than-expected inflows into the spot bitcoin exchange-traded funds (ETFs) have already caused concerns about a supply shock in the bitcoin market, potentially taking away some of the impacts of the halving.
Crypto Has ‘Too Many Tokens’ and Mergers Are Coming
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Crypto AI Projects Would Need to Buy Chips Worth Their Entire Market Cap to Meet Ambitions
Supporting the creator economy with AI-generated video will take more GPUs than all major tech companies operate.
Telegram’s Pivot to TON Payments for Ads Boosts Toncoin
The messaging app’s switch to TON creates a circular economy for the closely-linked crypto.
Who Will Trump Pick for Veep? Polymarket Gives Tim Scott Best Odds: Prediction Markets
Plus: Free money? “Democrat wins New York” contract trades at 90 cents on the dollar.
Nearly $100M Wagered on U.S. Presidential Election on Polymarket
Blockchain bettors see a clear path to victory for Trump, and are bullish on ether hitting an all-time high in 2024 – but SOL might get there first, thanks to “memecoin March.”
What Happens Next in COPA vs Craig Wright Trial is Down to the Judge
The Crypto Open Patent Alliance is seeking several court injunctions from Wright.