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For prediction markets to achieve scale, they require high leverage, high-frequency trading, and high-value market outcomes.
Quick Take Summary is AI generated, newsroom reviewed. The number of publicly disclosed VC rounds dropped 25.3% month-over-month to 62 in September. Despite the fall in deal volume, total funding rose 5.2% from August to $5.12 billion, a 740% increase year-over-year. The funding surge was led by large deals, including Forward Industries ′ $1.65B private placement and Figure Technology ′ s $787M IPO for RWA. Investors are becoming more selective, favoring CeFi (21%) and DeFi (25.8%) projects, while NFTs/Gam
Quick Take Summary is AI generated, newsroom reviewed. MetaMask introduced a feature allowing users to log in with their Google or iCloud credentials and back up encrypted wallet data (including private keys) to the cloud. The feature was flagged by Cos of SlowMist as a major security risk, as a compromise of the cloud account could lead to the loss of all linked wallets. The system encrypts the mnemonic file, with the wallet unlock password serving as the decryption key. The development highlights the ten
Erik Voorhees highlights how crypto will be crucial to destroying greed on forex exchanges. He cited that the decentralized nature of DeFi is the specific solution.
- 20:13dYdX launches spot trading on Solana and opens access to US usersForesight News reported, according to CoinDesk, that the dYdX team is launching its first spot trading product on Solana, which will also be available to U.S. traders for the first time. Previously, the exchange was almost exclusively known for its derivatives market. To attract new users, especially those from the United States, dYdX announced that trading fees will be waived in December.
- 20:12Crypto journalist: US officials will continue key negotiations today on the "Crypto Market Structure Bill"Foresight News reported that, according to crypto journalist Eleanor Terrett, U.S. senators will continue discussions on the "Cryptocurrency Market Structure Bill" today. This afternoon, representatives from several leading industry companies will head to the White House to attend another meeting on market structure. Afterwards, the CEOs of Bank of America, Citibank, and Wells Fargo will meet with senators to discuss the issue of restricting stablecoin issuers' affiliated companies from paying interest, as well as other outstanding issues.
- 20:12Machi Big Brother's 25x long position on ETH was partially liquidatedForesight News reported, according to Onchain Lens monitoring, as the market declined, Machi Big Brother (@machibigbrother) had part of his 25x long position on ETH liquidated, and closed part of his position at a loss 11 hours ago. The remaining positions currently have an unrealized loss of about $480,000. Overall, Machi has now lost more than $21.6 million.