Month: October 2024

As Robinhood rolls out its presidential election event contracts, the prediction markets Polymarket and Kalshi are drawing in substantial multi-million-dollar revenues tied to election-related trading. Robinhood Jumps Into Election Contracts Scene On Monday, Robinhood said began deploying election event contracts to select U.S. customers on Oct. 28, just ahead of the Nov. 5 U.S. presidential […] Source: https://news.bitcoin.com/robinhood-launches-election-bets-as-polymarket-kalshi-draw-millions-but-for-how-long/

Decentralized exchange (DEX) aggregator 1inch has announced a long-term deal with the Bruce Lee Family Company to promote crypto and decentralized finance (DeFi) adoption with the “Take Crypto SeriousLee” campaign. According to the announcement, “Take Crypto SeriousLee” aims to shift public perception of crypto from speculation to a practical financial system for the future, using the likeness and ethos of…

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Flockerz (FLOCK), a new meme project on Ethereum, has just crossed the $1 million mark in its ICO. The project combines a classic degen vibe with a DAO setup – letting the community control its direction. And with a “meme coin supercycle” on the horizon, traders are eyeing Flockerz as the next potential success story. […] Source: https://news.bitcoin.com/flockerz-crypto-ico-hits-1m-traders-bullish-on-flock-for-meme-coin-supercycle/

Jeremy Allaire, CEO of Circle, has predicted that stablecoins will grow to capture up to 10% of the money supply in the next 10 years. Allaire highlighted that even with the recent expansion of stablecoins, it is still in the early stages of this crypto class. Circle CEO States Stablecoins Will Become a $10 Trillion […] Source: https://news.bitcoin.com/circle-ceo-hypes-stablecoin-market-growth-with-astounding-prediction/

Déjà vu for the price of Bitcoin? BTC climbed back above $69,000 during European trading hours, after last setting this recent high-water mark just last week. Bitcoin bounced above the $69,000 mark early Monday, though has cooled slightly since, dipping to a current price of $68,925 as of this writing. It’s up 2% on the day, per data from CoinGecko.…

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Bitcoin, the pioneering digital asset, is on the cusp of a revolutionary shift known as the “super cycle,” which could redefine its market behavior and investor perceptions. Traditionally, Bitcoin’s price cycles have been tied closely to its halving events, creating a predictable boom-bust pattern. However, recent market activity suggests that Bitcoin may be breaking away from this established cycle. Entering…

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