Articles for category: Crypto

October 30, 2025

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Polymarket’s Dutch Election Bets Reveal How Trader Biases Can Distort Prediction Markets

In the lead-up to the Netherlands’ October 29 parliamentary elections, many participants on Polymarket were firmly convinced that Geert Wilders’ nationalist Party for Freedom (PVV) would secure a decisive victory. Despite shifting polls showing rising support for Rob Jetten’s socially liberal Democrats 66 (D66), the market prices remained largely unchanged, favoring PVV positions. However, the release of initial exit polls triggered a sudden market reversal. Within minutes, the odds for D66 surged dramatically from 5% to nearly 100%, resulting in substantial losses for traders holding long PVV bets. Official projections with 98% of votes counted indicated that both PVV and

October 30, 2025

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OpenAI Targets $1 Trillion Valuation in Planned 2026 IPO, Seeks $60 Billion Capital Raise

Artificial intelligence leader OpenAI is reportedly gearing up for an initial public offering (IPO) scheduled for late 2026, aiming for a valuation around $1 trillion. According to multiple anonymous sources cited by Reuters, the upcoming public offering could include raising approximately $60 billion in capital, positioning OpenAI as one of the largest IPOs in the technology sector. The company is expected to submit its IPO filing to U.S. securities regulators in the second half of 2026, ahead of an earlier anticipated timeline that targeted 2027 for going public. Should these plans materialize, OpenAI would solidify its status as the world’s

October 30, 2025

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MegaETH ICO Attracts Over $1 Billion in Demand Ahead of $50M Cap Close

MegaETH’s initial coin offering (ICO), conducted via the Sonar platform, has generated unprecedented interest, exceeding $1 billion in total bids despite its $50 million funding target. With just hours remaining before the sale closes at 9 a.m. EST on October 30, the allocation for the MEGA token is oversubscribed by approximately 20 times. The public sale has attracted nearly 38,000 individual contributors, according to a community-maintained dashboard, with an average bid size estimated around $25,000. This marks MegaETH’s third community-driven fundraising event, following an Echo round earlier this year and the release of a soulbound NFT collection called Fluffles in

October 30, 2025

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Japan’s Yen Stablecoin Sparks New On-Chain Carry Trade in DeFi Markets

Japan has introduced Asia’s first globally accessible yen-backed stablecoin, opening fresh avenues for decentralized finance (DeFi) traders to capitalize on the country’s low interest rates. Unlike the Korean won and Taiwan dollar, which remain restricted by local regulations rooted in the 1997 financial crisis, the Japanese yen’s free convertibility makes it an ideal candidate for cross-border digital liquidity. This week’s launch of JPYC, the yen-backed stablecoin, marks a significant milestone as it allows yen liquidity to circulate offshore seamlessly. DeFi participants can now borrow this stablecoin—effectively digital yen—at low interest rates and potentially deploy these funds into higher-yielding dollar-denominated assets

October 30, 2025

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Tron Network Sees Daily Active Addresses Soar to Record High Amid Growing Transaction Volume

The Tron blockchain is experiencing a surge in user activity, setting new records for daily active addresses and transaction counts as more participants adopt the network for fast and low-cost transfers. Data from TRONSCAN reveals that on Tuesday, the number of daily active addresses on the Tron network climbed to an all-time peak of approximately 5.7 million, surpassing the previous day’s record of 5.4 million. Transaction activity also intensified, with over 12.6 million transactions processed on the same day, marking the highest daily total since mid-June 2023. Nansen, a blockchain analytics firm, highlighted this growth on social media, noting the

October 29, 2025

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Bittensor’s TAO Token Surges Ahead of December Halving Event

The decentralized artificial intelligence network Bittensor is gearing up for its inaugural halving event scheduled for December 10, sparking notable gains in its native TAO token. In the lead-up to the halving, TAO has markedly outperformed much of the broader altcoin market, reflecting growing investor interest. TAO’s tokenomics are inspired by Bitcoin’s, with halving events occurring approximately every four years—subject to mining dynamics—that reduce block rewards and influence supply. This mechanism is designed to tighten token circulation over time, a fundamental feature that has historically fueled upward price momentum following Bitcoin halvings. However, with Bitcoin’s 2024 halving cycle breaking traditional

October 29, 2025

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Chainlink (LINK) Recovers 4% Amid FOMC-Induced Market Fluctuations

Chainlink’s native cryptocurrency, LINK, demonstrated resilience on Wednesday by recovering approximately 4% following a volatile trading session influenced by Federal Reserve Chair Jerome Powell’s recent remarks. The token rebounded to around $18.40 after initially dropping below the critical $18 support level earlier in the day. The early selloff was marked by a sharp volume surge, with around 4.59 million LINK tokens changing hands—an increase of 178% compared to the 24-hour average. This heightened trading volume underscored strong selling pressure that briefly pushed the price down, breaking short-term support. LINK then entered a consolidation phase, fluctuating between $17.80 and $18.30 before

October 29, 2025

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Pro-Crypto Group Endorses Andrew Cuomo in NYC Mayoral Race Ahead of Early Voting

Innovate NY, a political organization advocating for digital assets, has announced its endorsement of former New York Governor Andrew Cuomo in the New York City mayoral race. The group, which describes itself as “pro-digital assets,” disclosed funding of nearly $100,000 to support Cuomo’s candidacy as early voting for the November 4 election is already underway. In an official statement released Tuesday, Innovate NY highlighted Cuomo’s platform focused on advancing technologies such as blockchain, tokenization, public-benefit stablecoins, and artificial intelligence. The organization operates as an independent spender registered with the New York City Campaign Finance Board and has received $99,500 from

October 29, 2025

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MicroStrategy Shares Drop $18B but Eyes Set on Possible S&P 500 Entry, Analyst Says

MicroStrategy (MSTR), known as the largest corporate holder of bitcoin and a closely watched proxy for the cryptocurrency market, has experienced a significant market value decline recently, shedding nearly $18 billion as investor enthusiasm waned. This downturn has coincided with a collapse in the company’s net asset value (mNAV) premium, pushing the stock price below $280. Currently, MicroStrategy’s market capitalization hovers just above the value of the bitcoin assets recorded on its balance sheet, a notable reversal from late 2024 when speculative premiums had propelled the stock well above its bitcoin-related fundamentals. However, a recent report from Markus Thielen of

October 29, 2025

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Bitwise’s Solana Staking ETF Gains Momentum, Paving Way for New Crypto Investment Models

Bitwise Asset Management’s launch of the Solana Staking ETF (BSOL) on the New York Stock Exchange signaled a significant milestone for crypto investment vehicles, quickly surpassing $56 million in trading volume on its debut day. This surge underlines growing institutional interest and a shift toward more accessible staking-based products within traditional markets. Unlocking Staking Benefits Through ETFs Matt Hougan, Bitwise’s Chief Investment Officer, described the BSOL ETF as an “essential missing piece” in the market, offering investors a streamlined way to earn staking rewards without managing the complexities of direct asset staking. Speaking to Cointelegraph’s Chain Reaction show, Hougan explained