π Charles Schwab CEO Rick Wurster stated that prediction markets tied to macro and financial outcomes could provide valuable probability signals for investors, while emphasizing Schwab's stance against sports betting. Despite regulatory challenges, monthly trading volumes on Kalshi and Polymarket increased from approximately $2 billion last summer to nearly $17.5 billion in January, with sports-related contracts making up the bulk of the activity. #regulation link
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πΈ $2,200,000,000 worth of crypto longs liquidated in the past 24 hours.
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π³ The "255 $BTC Sell to Short" whale is experiencing significant losses.
After closing positions in $ETH, $XRP, $ZEC, $SOL, and $BTC, the whale faced a massive loss exceeding $31.4M, with profits plummeting from $25.5M to a loss of over $30M.
Currently, the whale only holds a $DASH short position, which has a profit of $5.6M. link
After closing positions in $ETH, $XRP, $ZEC, $SOL, and $BTC, the whale faced a massive loss exceeding $31.4M, with profits plummeting from $25.5M to a loss of over $30M.
Currently, the whale only holds a $DASH short position, which has a profit of $5.6M. link
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π£ Samson Mow on BTCSessions stated, "The problem for these guys trying to control the price is Bitcoin is finiteβ¦ eventually that all comes to an endβ¦ these guys donβt understand absolute scarcity." link
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π΅οΈ The Bitcoin mining firm #MARA transferred 1,318 $BTC ($86.89M) to Two Prime, BitGo, and Galaxy Digital in the past 10 hours. link
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π΅οΈ 550,000,000 #USDT (549,883,125 USD) transferred from Tether Treasury to Bitfinex link
πΊπΈπ Polymarket posted on X that it will partner with USDC, and that Polymarket user balances will soon be backed 1:1 by U.S. dollars, with more details to follow.
OKX market data shows USDCβs market cap at around $70.81B, with circulating supply at approximately 70.69B. link
OKX market data shows USDCβs market cap at around $70.81B, with circulating supply at approximately 70.69B. link