It’s important to note that Polymarket, which officially bans U.S. residents from using the platform, began the election with a significant premium for Trump, and it’s tempting to dismiss its accuracy because of the embargo on Americans – the actual voters – as market participants. Source
Crypto scams can take a number of formats, including those that take customers’ money on the pretense of investing in cryptocurrencies without doing so. Also included in the ASIC sweep were phishing websites, which harvest personal data, and those claiming to use artificial intelligence (AI) to generate outsize returns. Source
The VPUs are “poised to drastically improve the speed and cost of running advanced cryptographic workloads, compared to CPUs, GPUs and fixed-function cryptography,” according to the press release. They “will do for cryptography what Nvidia’s GPUs and many other startups’ chips are doing for AI.” Source
Perpetuals trading hub Drift protocol is adding a Polymarket-style prediction market – with some DeFi twists. Source
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Crypto think tank Coin Center will get another shot at suing the U.S. Treasury Department over what it says is an “unconstitutional” amendment to the tax code that would require Americans to disclose the details of certain crypto transactions to the Internal Revenue Service (IRS). Source
Nigeria’s Federal Inland Revenue Service (FIRS) plans to bring a bill for taxing the crypto industry to parliament by September, news outlet Punch Nigeria reported on Saturday. Source
TON, the digital asset associated with Telegram, outperformed the broader market, rising nearly 3% to $6.75. The gain followed HashKey announcing a partnership with TON, in which it will offer regulatory guidance and collaborate on initiatives such as popular GameFi project Catizen, a Telegram-based gaming platform with multiple cat-themed mini games. “[We’ll] focus on the TON ecosystem to offer unique Web3 gaming experiences, fostering the prosperity and development of the TON ecosystem,” Ben El-Baz, managing director of HashKey Global, said in an e-mail. “Leveraging Telegram’s advantage to attract more developers…
The complainant alleged the company stopped paying their salary without reason for five months before terminating the contract. The court ordered the employer to pay 62,867 dirhams ($17,116) and 39,200 of the ecowatt (EWT) cryptocurrency, as unpaid dues. The token’s value on different price-tracking websites varies widely, making it difficult to value the payment in dollar terms. Source
A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies. Source