Aptos’ APT falls amid a decline in wider crypto markets
The token retreated in quiet trading conditions as it remained tightly coupled with broader crypto market movements. Source link
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Prediction markets beat Wall Street in forecasting inflation, Kalshi says
Prediction market traders consistently beat professionals in forecasting inflation, especially when the readings deviate from estimates by a greater amount, according to a study by prediction market Kalshi. Comparing inflation forecasts on its platform with Wall Street consensus estimates, Kalshi found that market-based traders were more accurate than conventional economists and analysts over a 25-month…
Bitcoin’s quantum debate is resurfacing, and markets are starting to notice
Quantum computing and the threat it poses to encrypted blockchains has once again crept into online bitcoin conversations, raising concerns that it poses a long-term risk that investors and developers are still struggling to talk about in the same language. The latest flare-up in the debate followed comments from prominent Bitcoin developers pushing back against…
Coinbase (COIN) sues Connecticut, Illinois and Michigan over prediction markets regulation
Coinbase (COIN), the crypto exchange that plans to add prediction markets to its platform, is taking legal action in Connecticut, Illinois and Michigan over the states’ attempts to regulate those markets. The company filed lawsuits to “confirm what is clear,” Chief Legal Officer Paul Grewal wrote in a post on X on Friday: that prediction…
Coinbase’s (COIN) Brian Armstrong Made Prediction Markets Look ‘Fun.’ Bill Ackman Made Them Look Real
Brian Armstrong’s last-minute crypto shout-out turned a $4,000 prediction market into a punchline. With a few words, the Coinbase CEO made every bet on “Bitcoin,” “Ethereum,” and “Web3” pay out at once. It was a thin market, where the largest winner took home only $111, according to Poymarket Analytics. But if Armstrong’s impromptu word salad…
France is in crisis but bond markets leave other governments at risk of meltdown too | Economics
Sébastien Lecornu’s abrupt resignation as the French prime minister on Monday after less than a month in the role marked the latest clash between France’s stretched public finances and its polarised politics. Lecornu was the latest prime minister to try and fail to cobble together a package of spending cuts and tax rises that would…