In just three weeks, Kalshi’s presidential prediction market has passed $30M in volume. It still trails Polymarket’s $2 billion. Source
Category: ICO
Bitcoin (BTC) Price Pulls Back Below $67K as Crypto Rally Cools
Checking possible catalysts for today’s action, one need look no further than the recent price movement: bitcoin had risen in near-continuous fashion since dipping to just under $60,000 eleven days ago – a modest reversal was surely in the cards at some point. There’s also been a sharp rise in interest rates across Western economies on Monday, among them 10 basis point gains in both the U.S. 10-year Treasury yield and the German 10-year Bund yield. Other things being equal, higher rates can often pressure prices of risk assets, bitcoin…
Crypto On-Ramp Service Transak Targeted in Data Breach
“This breach has impacted all KYC [know your customer] DATA processed through Transak’s infrastructure,” the ransomware group claimed in a public Telegram group that it operates. “We have extracted more than 300GB of data, which includes sensitive personal documents such as government-issued IDs, proof of address, financial statements, and user selfies.” Source
Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge: Report
Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate. Source
CoinDesk 20 Performance Update: SOL Surges 7%, Leading Index Gain Since Friday
Hedera joined Solana as a top performer, rising 5.6% over the weekend. Source
First Mover Americas: BTC Peeps Above $69K as Macro Favors Bulls
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Sui Launches ‘Incubator’ Hub in Dubai for ‘On the Spot’ Solution Engineering
The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding developers told CoinDesk in an interview. Source
London-Based Pension Giant Legal & General Looks to Enter Crypto’s Tokenization Space
“We are evaluating ways to make the Legal & General Investment Management Liquidity funds available in tokenized format,” said Ed Wicks, global head of trading at Legal & General Investment Management (LGIM), when asked about the firm’s plans via email. Source
Bitcoin Nears $70K Amid Record Open Interest at $40B as Trump-Harris Election Nears
Solana’s SOL led gains in leading digital assets in the past 24 hours as risk-on sentiment pushed the market higher. PLUS: The impending U.S. election contributes to increased volatility, with some expecting more gains for bitcoin in the days ahead. Source
ApeCoin (APE) Surges 100% as Yuga Labs Debuts Layer 3 ApeChain
“The system is part of the broader ApeCoin ecosystem, which aims to enhance token utility by encouraging users to engage more actively with the token through games, staking pools, and other activities. The platform also plans to extend support to other yield-generating cryptocurrencies to attract a larger user base,” Thielen added. Source