Analysis


News Analysis

UPDATE: Polymarket Logs First $100M Month as Election Drama Heats Up

President Biden's blunders during last week's debate are the latest factor driving volume on the crypto-based prediction market.

ATLANTA, GEORGIA - JUNE 27: U.S. President Joe Biden participates in the CNN Presidential Debate at the CNN Studios on June 27, 2024 in Atlanta, Georgia. President Biden and Republican presidential candidate, former U.S. President Donald Trump are facing off in the first presidential debate of the 2024 campaign. (Photo by Justin Sullivan/Getty Images)

News Analysis

Solana ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto

VanEck and 21Shares' applications seem doomed under the Biden administration. But they include a deadline that lapses when Trump would be in office, if he wins the presidency in November.

Donald Trump's recent crypto embrace means solana ETFs might have a shot if he becomes president again. (Justin Sullivan/Getty Images)

Policy

EU's Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time

The European Banking Authority published its final report on draft standards for stablecoin issuers on June 19.

The EU's MiCA law starts to take effect at end-2024. (Pixabay)

News Analysis

Biden Likely to Win Popular Vote, but Lose Presidency, Prediction Market Signals

Plus: $DJT believers dispute the resolution of a Polymarket bet, insisting the "preponderance of evidence" shows Barron Trump's involvement.

MEXICO CITY, MEXICO - JANUARY 09: U.S. President Joe Biden looks on during a welcome ceremony as part of the '2023 North American Leaders' Summit at Palacio Nacional on January 09, 2023 in Mexico City, Mexico. President Lopez Obrador, USA President Joe Biden and Canadian Prime Minister Justin Trudeau gather in Mexico from January 9 to 11 as part of the 10th North American Leaders' Summit. The agenda includes topics on the climate change, immigration, trade and economic integration, security among others. (Photo by Hector Vivas/Getty Images)

Markets

This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs

Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices.

Risks of a deeper pullback are growing for BTC (mana5280/Unsplash)

Markets

Bitcoin Options Market Isn't Buying BTC Price Weakness, Shows Bias for $100K Calls

Demand for BTC calls at $100K suggests traders preparing for a renewed rally into 2025, according to one trading firm.

Stock market chart. (sergeitokmakov/Pixabay)

Markets

Explaining Bitcoin's Dull Price Action Amid Record ETF Inflows

Most ETF inflows are likely part of a non-directional strategy, not outright bullish bets.

Math. (damirbelavic/Pixabay)

Markets

Bitcoin’s Latest Rally to $71K Is Different From the March Breakout. Here's Why.

The latest breakout is characterized by lack of speculative froth as opposite to March and positive macroeconomic details.

A rally track. (Pedro Henrique Santos/Unsplash)

News Analysis

Cathie Wood's Ether ETF Pullback Is Likely Due to Fee War

The asset manager’s name was removed from a recent document filed with the Securities and Exchange Commission in preparation for the launch and later confirmed that it dropped out of the race.

Ark Invest CEO Cathie Wood (Marco Bello/Getty Images, modified by CoinDesk)

News Analysis

Trump Conviction Barely Dents His Odds of Winning Election: Prediction Markets

Plus: Polymarket traders doubt Trump will go to prison; Kalshi bettors are at odds with the CME FedWatch poll on rate cuts.

NEW YORK, NEW YORK - MAY 28: Former U.S. President Donald Trump sits in court during his trial for allegedly covering up hush money payments at Manhattan Criminal Court on May 28, 2024 in New York City. Donald Trump arrived for closing arguments in his hush money trial ahead of the jury deciding whether to make him the first criminally convicted former president and current White House hopeful in history. (Photo by Spencer Platt/Getty Images)