Polymarket’s 2025 prediction markets have over $1 billion wagered on sports betting
Polymarket’s 2025 prediction markets have over $1 billion wagered on sports bettingSports drive Polymarket as traders look beyond elections for 2025 betting opportunities.
Happy Tuesday!In today's CryptoSlate newsletter, we delve into the latest developments reshaping the cryptocurrency landscape. Polymarket is making waves with over $1 billion wagered on sports betting for 2025, signaling a shift in focus from political predictions to athletic events. Meanwhile, Tether has ramped up its Bitcoin reserves, acquiring an additional 7,629 BTC valued at approximately $705 million, amidst rising regulatory scrutiny from the EU's MiCA regulations. In lending news, NYDIG is exploring float financing options to enhance liquidity for Bitcoin holders without sacrificing their asset exposure. Finally, Solana continues to shine, achieving record-breaking trading volumes in decentralized exchanges this December, solidifying its position as a leader in both spot and derivatives markets. Stay tuned for more insights on these pivotal stories! LATEST SLATECAST 🎙️ Swaroop Hegde discusses Powerloom’s mission to reshape data integrity in blockchain 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.31 trillion, with a 24-hour volume of $133.43 billion. The price of Bitcoin is $95,450.33, and BTC market dominance is 57.1%. The price of Ethereum is $3,410.97, and ETH market dominance is 12.4%. The best-performing sector is Deflationary, which gained 17%. The Crypto Fear & Greed Index is currently Greed (64). Polymarket’s 2025 prediction markets have over $1 billion wagered on sports betting
Sports drive Polymarket as traders look beyond elections for 2025 betting opportunities. 📰 Top News
Tether boosts Bitcoin reserves amid EU MiCA’s regulatory tensionTether expands Bitcoin reserves while questioning the 30% traditional institution reserve mandate in the EU. NYDIG explores float financing for Bitcoin-backed lending marketThe move would allow Bitcoin holders to tap liquidity while maintaining exposure. Solana shines amid record-breaking DEX trading volumes in DecemberIn addition to keeping the lead on spot markets, Solana has been the second-largest blockchain for derivatives trading for the third consecutive month.
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Hong Kong lawmaker advocates including Bitcoin in national reserves
Monday, December 30, 2024
Wu Jie believes Hong Kong's strategic move towards Bitcoin integration could enhance economic resilience and attract innovative businesses. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Kimchi premium recovers as KRWUSD drops to 15-year low
Sunday, December 29, 2024
As the won depreciates, economic and political uncertainty in South Korea widen the kimchi premium gap. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
XRP Ledger shows signs of increasing usage, suggesting XRP price increase
Saturday, December 28, 2024
As the velocity metric nears a breakout on the descending trend line, XRP price could start an upward movement. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
BlackRock doubles down on IBIT exposure through its Global Allocation Fund
Friday, December 27, 2024
The fund now holds over $17 million worth of shares from the spot Bitcoin ETF, which is among the 35 largest funds to ever launch. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve
Thursday, December 26, 2024
Analysts see US Bitcoin reserve as symbolic step toward debt reduction, amid challenges and speculation. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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ADA outperforms Bitcoin as Grayscale seeks approval for first US Cardano ETF in SEC filing
Friday, February 14, 2025
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DeFi & L1L2 Weekly — 📈 Polymarket recorded a new high of 462.6k active users in Jan despite volume dip; Holesky a…
Friday, February 14, 2025
Polymarket recorded a new high of 462600 active users in January despite volume dip; Holesky and Sepolia testnets are scheduled to fork in Feb and Mar for Ethereum's Pectra upgrade. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Friday, February 14, 2025
Polymarket recorded a new high of 462600 active users in January despite volume dip; Holesky and Sepolia testnets are scheduled to fork in Feb and Mar for Ethereum's Pectra upgrade. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Friday, February 14, 2025
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