Category: crypto

Polymarket contracts price less than a 1% chance of President Donald Trump resigning today as traders position ahead of a 2 P.M. ET Oval Office announcement. Trump’s low approval rating and recent health speculation have fueled trading volume. The market rules frame why odds remain low, with trading flurry following online speculation about Trump’s health.…

In August, Ethereum exchange-traded funds received $3.9 billion while U.S. Bitcoin ETFs had $750 million in redemptions. Ethereum funds consistently attracted capital since late July, with a record July for Ethereum vehicles. The increase in ETF holdings could impact price discovery and liquidity in spot markets. JPMorgan predicts continued growth in Ethereum holdings in ETFs…

Around 80% of the top 10 largest holders of World Liberty Financial’s WLFI token took profits within a day of the asset’s launch. Some top holders sold off their tokens quickly, while others were targeted by phishing attacks exploiting Ethereum’s EIP-7702 standard. Security specialists are warning token holders of these threats.

Strategy, formerly known as MicroStrategy, has increased its Bitcoin holdings with the purchase of 4,048 BTC for $449.3 million. This brings their total Bitcoin balance to 636,505 BTC, valued at $69.24 billion. The purchase was funded through a mix of common and preferred stock offerings, drawing criticism from short seller James Chanos.

California Governor Gavin Newsom plans to intensify his attacks on former President Donald Trump by launching a memecoin called “Trump Corruption” to parody Trump’s online persona. The coin will fund Newsom’s Campaign for Democracy and redistricting efforts. Newsom aims to counter Trump-related digital assets and warns of democratic backsliding.

Tokenized stocks, digital assets mirroring company prices, may mislead investors and harm market confidence, warns European regulator Natasha Cazenave. Many tokenized stock products in the EU lack shareholder rights like voting and dividends, causing retail investors to mistakenly think they own company shares. Regulators are concerned about potential risks and are monitoring the sector closely.

Decentralized exchanges processed over $1.15 trillion in spot and perpetual contract volumes in August, surpassing the $1 trillion threshold for the first time. Ethereum reclaimed spot trading leadership from Solana and BNB Chain. Uniswap remained the top spot DEX protocol, while Hyperliquid dominated the perpetual landscape. This growth indicates increased acceptance of decentralized trading venues.

World Liberty Financial’s WLFI token launched on Sept. 1 with high anticipation, leading to a surge in derivatives activity and spot trading volume. Despite a 14% drop in value, the token saw significant trading activities resulting in around $30 million in trader losses. A buyback proposal was also submitted to use protocol-owned liquidity fees to…

The Ethereum Foundation announced that the Holešky testnet is entering its final phase and will be shut down two weeks after the Fusaka upgrade. The network’s support will end in November, with developers and testers encouraged to use the Sepolia, Hoodi, and Ephemery testnets for different purposes.

XRP whales have bought 340 million tokens in the last two weeks, focusing on buying when prices dipped to $2.90, potentially leading to a rally to $4. Technical indicators suggest a rebound is possible, but altcoins like XRP, ADA, and DOGE have seen losses as market capitalization stagnates. Despite this, XRP whales continue to accumulate,…