Only 13.6% of Polymarket users made a profit
According to data from Layerhub, only 13.6% of users on the Polymarket prediction platform made a profit, with most earning less than $100. In absolute terms, this represents 24,565 wallets, while the remaining 86.4%, or 156,010 users, incurred losses.
Among those who managed to make a profit, only 2,146 wallets earned more than $1,000, while the majority made less than $100. A total of 7,465 wallets fell into the $100 to $1,000 earnings category, indicating that most users either suffered minor losses or saw modest gains.
Polymarket facilitated approximately 10.8 million transactions, with daily transaction growth exceeding 300,000 between…
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bybit | bingx | okx | Trading Academy💰 | its-crypto.com
According to data from Layerhub, only 13.6% of users on the Polymarket prediction platform made a profit, with most earning less than $100. In absolute terms, this represents 24,565 wallets, while the remaining 86.4%, or 156,010 users, incurred losses.
Among those who managed to make a profit, only 2,146 wallets earned more than $1,000, while the majority made less than $100. A total of 7,465 wallets fell into the $100 to $1,000 earnings category, indicating that most users either suffered minor losses or saw modest gains.
Polymarket facilitated approximately 10.8 million transactions, with daily transaction growth exceeding 300,000 between…
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bybit | bingx | okx | Trading Academy💰 | its-crypto.com
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Bitcoin fell below $60,000 last night
In just one hour, $63,000,000,000 worth of long positions were liquidated.
ITS Crypto / Invest / Trade / Strategy
In just one hour, $63,000,000,000 worth of long positions were liquidated.
ITS Crypto / Invest / Trade / Strategy
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Stripe adds USDC and USDP payment options
Stripe has expanded its payment capabilities by adding stablecoins USDC and USDP as payment options on the checkout page, Bloomberg reports.
On the first day alone, customers from more than 70 countries used the service.
“We focus on the needs of online businesses, and it’s important for them to attract more customers with minimal costs. Stablecoins show potential in achieving this goal,” said Stripe’s Head of Product, Jeff Weinstein.
Stripe announced the integration of stablecoins in April.
USDC is supported on Ethereum, Solana, and Polygon, while USDP is supported on Ethereum and Solana. Payments in these currencies are…
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Stripe has expanded its payment capabilities by adding stablecoins USDC and USDP as payment options on the checkout page, Bloomberg reports.
On the first day alone, customers from more than 70 countries used the service.
“We focus on the needs of online businesses, and it’s important for them to attract more customers with minimal costs. Stablecoins show potential in achieving this goal,” said Stripe’s Head of Product, Jeff Weinstein.
Stripe announced the integration of stablecoins in April.
USDC is supported on Ethereum, Solana, and Polygon, while USDP is supported on Ethereum and Solana. Payments in these currencies are…
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bybit | bingx | okx | Trading Academy💰 | its-crypto.com
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Tezos Stakers File Another Lawsuit Against the US Tax Authority
Tezos validator Josh Jarrett and his wife Jessica from Tennessee have filed a new lawsuit against the IRS, challenging the taxation of tokens generated through staking.
In their complaint, the couple argues that such assets should be treated as newly created property, with tax obligations arising only upon sale.
They compared the staking tokens to a “farmer’s harvest, an author’s manuscript, or a manufacturer’s product,” which are not taxed until sold.
The Jarretts are seeking a change in the IRS rule that requires staking rewards to be taxed at their presumed market value as soon as they are received.…
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Tezos validator Josh Jarrett and his wife Jessica from Tennessee have filed a new lawsuit against the IRS, challenging the taxation of tokens generated through staking.
In their complaint, the couple argues that such assets should be treated as newly created property, with tax obligations arising only upon sale.
They compared the staking tokens to a “farmer’s harvest, an author’s manuscript, or a manufacturer’s product,” which are not taxed until sold.
The Jarretts are seeking a change in the IRS rule that requires staking rewards to be taxed at their presumed market value as soon as they are received.…
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Bitcoin kit moved $9.1bn worth of assets in the last few days 💸
Namely 150,000 BTC at 2,000 BTC apiece over the past few days. Some BTC were sold through market maker Wintermute, the analyst wrote.
ITS Crypto / Invest / Trade / Strategy
Namely 150,000 BTC at 2,000 BTC apiece over the past few days. Some BTC were sold through market maker Wintermute, the analyst wrote.
ITS Crypto / Invest / Trade / Strategy
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Ryan Salameh and a new position
The ex-head of Bahamas-based FTX has posted on LinkedIn about his "new position" as an inmate at the Cumberland Federal Correctional Institution.
ITS Crypto / Invest / Trade / Strategy
The ex-head of Bahamas-based FTX has posted on LinkedIn about his "new position" as an inmate at the Cumberland Federal Correctional Institution.
"Bro went from LinkedIn to LockedIn," the comments joked.
ITS Crypto / Invest / Trade / Strategy
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Robert Kiyosaki predicts a major financial meltdown
That could see BTC fall to $5,000 but then rise to $100,000 and beyond, urging investors to prepare for the impending turmoil.
ITS Crypto / Invest / Trade / Strategy
That could see BTC fall to $5,000 but then rise to $100,000 and beyond, urging investors to prepare for the impending turmoil.
ITS Crypto / Invest / Trade / Strategy
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The number of crypto millionaires has increased by 95%
Over the past year, the global market capitalization of cryptocurrencies has significantly grown, rising from $1.05 trillion to $2.2 trillion. According to the 2024 Crypto Wealth Report by Henley & Partners, the number of individuals holding crypto assets worth over $1 million has reached 172,000, which is a 95% increase from the previous year. Among them, the number of Bitcoin millionaires rose by 111%, totaling 85,000 individuals.
Additionally, the report indicates that 28 people hold crypto assets valued at over $1 billion. Experts attribute this growth to the global adoption of cryptocurrencies, increased institutional interest, and more active involvement…
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bybit | bingx | okx | Trading Academy💰 | its-crypto.com
Over the past year, the global market capitalization of cryptocurrencies has significantly grown, rising from $1.05 trillion to $2.2 trillion. According to the 2024 Crypto Wealth Report by Henley & Partners, the number of individuals holding crypto assets worth over $1 million has reached 172,000, which is a 95% increase from the previous year. Among them, the number of Bitcoin millionaires rose by 111%, totaling 85,000 individuals.
Additionally, the report indicates that 28 people hold crypto assets valued at over $1 billion. Experts attribute this growth to the global adoption of cryptocurrencies, increased institutional interest, and more active involvement…
👉 Read More
bybit | bingx | okx | Trading Academy💰 | its-crypto.com
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Harris advocated for a regulatory framework for the crypto market
The presidential candidate says she wants to protect the interests of black citizens along with the interests of other market participants investing or owning cryptocurrency.
She also said she appreciates how new technology can expand access to banking and financial services.
ITS Crypto / Invest / Trade / Strategy
The presidential candidate says she wants to protect the interests of black citizens along with the interests of other market participants investing or owning cryptocurrency.
She also said she appreciates how new technology can expand access to banking and financial services.
ITS Crypto / Invest / Trade / Strategy
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Adobe Introduced AI Video Generator
Adobe has announced the launch of new AI features, including tools for video creation and editing.
The Generative Extend feature allows users to add frames at the beginning or end of a video, while other tools enable the creation of videos using text prompts and existing images.
The Adobe Firefly image generator has been updated to produce more diverse illustrations with improvements in detail, lighting, composition, and color.
Two new features have been added to Adobe Photoshop:
- Generative Workspace for quickly generating images and brainstorming multiple concepts through prompts;
- Adobe Substance 3D Viewer for working with 3D…
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bybit | bingx | okx | Trading Academy💰 | its-crypto.com
Adobe has announced the launch of new AI features, including tools for video creation and editing.
The Generative Extend feature allows users to add frames at the beginning or end of a video, while other tools enable the creation of videos using text prompts and existing images.
The Adobe Firefly image generator has been updated to produce more diverse illustrations with improvements in detail, lighting, composition, and color.
Two new features have been added to Adobe Photoshop:
- Generative Workspace for quickly generating images and brainstorming multiple concepts through prompts;
- Adobe Substance 3D Viewer for working with 3D…
👉 Read More
bybit | bingx | okx | Trading Academy💰 | its-crypto.com
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The Fear and Greed Index has added 17 points to reach 65 (greed) over the week
This is the maximum since July 2024.
It is associated with the growth of BTC above $65,000
ITS Crypto / Invest / Trade / Strategy
This is the maximum since July 2024.
It is associated with the growth of BTC above $65,000
ITS Crypto / Invest / Trade / Strategy
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Bitcoin could hit an all-time high in the next three weeks
That is, even before the US elections. Analysts at Standard Chartered report. The reasons cited are the increased chances of Donald Trump's victory, a significant inflow of funds into spot bitcoin-ETFs, as well as increased activity in the crypto derivatives market.
In turn, Bitwise showed the dynamics of bitcoin after the last US presidential election and hinted at a continuation of the rally in 2025, calling the current cycle ‘mainstream’.
ITS Crypto / Invest / Trade / Strategy
That is, even before the US elections. Analysts at Standard Chartered report. The reasons cited are the increased chances of Donald Trump's victory, a significant inflow of funds into spot bitcoin-ETFs, as well as increased activity in the crypto derivatives market.
In turn, Bitwise showed the dynamics of bitcoin after the last US presidential election and hinted at a continuation of the rally in 2025, calling the current cycle ‘mainstream’.
ITS Crypto / Invest / Trade / Strategy
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JPMorgan Highlights Bitcoin Growth Drivers Until the End of the Year
JPMorgan analysts believe that the potential return of Donald Trump to the U.S. presidency and the need for protection against economic instability create favorable conditions for Bitcoin’s growth in 2025. Experts noted that amid geopolitical tensions and the upcoming U.S. elections, institutional investors may focus on Bitcoin and gold, but not on Ethereum.
A Trump victory could not only provide regulatory support for Bitcoin but also lead to economic turbulence due to increased tariffs and government spending.
Other growth factors include:
- Morgan Stanley and other investment firms’ plans to offer clients spot Bitcoin ETFs;
-…
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JPMorgan analysts believe that the potential return of Donald Trump to the U.S. presidency and the need for protection against economic instability create favorable conditions for Bitcoin’s growth in 2025. Experts noted that amid geopolitical tensions and the upcoming U.S. elections, institutional investors may focus on Bitcoin and gold, but not on Ethereum.
A Trump victory could not only provide regulatory support for Bitcoin but also lead to economic turbulence due to increased tariffs and government spending.
Other growth factors include:
- Morgan Stanley and other investment firms’ plans to offer clients spot Bitcoin ETFs;
-…
👉 Read More
bybit | bingx | okx | Trading Academy💰 | its-crypto.com
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Tether reported the growth of USDT users to 330 million.
Thus, over the last year the indicator grew by 9%, and the third quarter of 2024 was the best - 36.25 million users. In terms of networks, the L2 protocols Optimism, Arbitrum and Polygon showed the biggest growth. The TON blockchain integrated six months ago accounted for 3.3 million wallets.
However, the data does not include users who only use USDT on centralised platforms. According to Tether, we're talking about a few additional tens of millions of wallets.
ITS Crypto / Invest / Trade / Strategy
Thus, over the last year the indicator grew by 9%, and the third quarter of 2024 was the best - 36.25 million users. In terms of networks, the L2 protocols Optimism, Arbitrum and Polygon showed the biggest growth. The TON blockchain integrated six months ago accounted for 3.3 million wallets.
However, the data does not include users who only use USDT on centralised platforms. According to Tether, we're talking about a few additional tens of millions of wallets.
ITS Crypto / Invest / Trade / Strategy
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Vitalik Buterin named the key task for Ethereum
Ethereum co-founder Vitalik Buterin considers the lack of a unified ecosystem to be the main issue facing the network at present. He made this statement at Shanghai Blockchain Week 2024, according to Colin Wu.
According to Buterin, the space built on the protocol currently resembles 34 separate blockchains.
As long-term goals for Ethereum’s development, he outlined the following:
- achieving throughput of over 100,000 transactions per second (TPS) through Layer 2 solutions;
- completing cross-chain transactions in two seconds;
- creating a unified interface.
Buterin also emphasized the importance of improving the Ethereum Virtual Machine (EVM) and strengthening link…
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Ethereum co-founder Vitalik Buterin considers the lack of a unified ecosystem to be the main issue facing the network at present. He made this statement at Shanghai Blockchain Week 2024, according to Colin Wu.
According to Buterin, the space built on the protocol currently resembles 34 separate blockchains.
As long-term goals for Ethereum’s development, he outlined the following:
- achieving throughput of over 100,000 transactions per second (TPS) through Layer 2 solutions;
- completing cross-chain transactions in two seconds;
- creating a unified interface.
Buterin also emphasized the importance of improving the Ethereum Virtual Machine (EVM) and strengthening link…
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bybit | bingx | okx | Trading Academy💰 | its-crypto.com
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Venture funding for cryptocurrency companies fell 17% in the third quarter
According to a report by Galaxy Digital. There were a total of 478 deals worth $2.4 billion.
ITS Crypto / Invest / Trade / Strategy
According to a report by Galaxy Digital. There were a total of 478 deals worth $2.4 billion.
ITS Crypto / Invest / Trade / Strategy
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Bitcoin at $500,000 by 2028
PlanB and his plan to which is already 5 years old. The renowned crypto analyst is still confident in this forecast from June 2019 (BTC was valued around $8900 at the time).
ITS Crypto / Invest / Trade / Strategy
PlanB and his plan to which is already 5 years old. The renowned crypto analyst is still confident in this forecast from June 2019 (BTC was valued around $8900 at the time).
ITS Crypto / Invest / Trade / Strategy
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Cryptoquant analysts report that whales are now actively accumulating more and more BTC
Most likely to expect a price spike.
ITS Crypto / Invest / Trade / Strategy
Most likely to expect a price spike.
ITS Crypto / Invest / Trade / Strategy
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SEC Requests Review of Ripple Case
The U.S. Securities and Exchange Commission (SEC) has requested a review of the Ripple case, submitting a preliminary appeal (Form C). This concerns previous court rulings related to the distribution of the XRP token.
Initially, in December 2020, the SEC accused Ripple of selling unregistered securities worth $1.3 billion through XRP. Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen were also named as defendants in the case.
In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP were not considered investment contracts. However, large sales of the token violated U.S. securities laws. The SEC’s initial appeal was…
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bybit | bingx | okx | Trading Academy💰 | its-crypto.com
The U.S. Securities and Exchange Commission (SEC) has requested a review of the Ripple case, submitting a preliminary appeal (Form C). This concerns previous court rulings related to the distribution of the XRP token.
Initially, in December 2020, the SEC accused Ripple of selling unregistered securities worth $1.3 billion through XRP. Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen were also named as defendants in the case.
In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP were not considered investment contracts. However, large sales of the token violated U.S. securities laws. The SEC’s initial appeal was…
👉 Read More
bybit | bingx | okx | Trading Academy💰 | its-crypto.com
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