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In this post: The Polymarket CEO’s home in New York City was raided on suspicion of operating an illegal commodities exchange. Polymarket gained popularity with high-stakes bets on Trump’s victory in the 2024 election. “Théo” was a trader who bet $85 million on Trump winning. CEO of Polymarket criticizes FBI raid Shayne Coplan implied that he was writing from a new device after his previous one was confiscated when he said, “New phone, who dis?” in his first post following the raid. He even voiced his displeasure with the activities of the government. The Biden administration, according to Coplan, was making a “last-ditch effort” to target businesses they believed were connected to political rivals. He said Polymarket has a strong commitment to nonpartisanship. He suggested that the incumbents take stock of their actions and acknowledge that adopting a more pro-business, pro-startup stance might have been the difference that made the difference in this election. The CEO of Polymarket emphasized that millions of people had benefited from the platform throughout this election cycle and millions of people in this election cycle...

In this post: Tether CEO Ardoino declared in a post on X on November 11 that Tether’s Treasury has generated 2B USDT on the Ethereum Network in order to restock its stock. According to Ardoino, the USDT was approved but not yet released; it would be utilized for chain swaps and issuance upon the subsequent request or requests. On November 6th, the stablecoin issuer said that it will work with a large third-party exchange to carry out a chain swap. Without altering the overall quantity of USDT in circulation, Tether was transferring a portion of its USDT cold wallets from five distinct blockchains to USDT on the Ethereum blockchain. Specifically, Tether combined 60 M USDT from Avalanche, 300 M from NEAR, 75 M from CELO, 600 M from Avalanche, and 1B USDT from Tron. 2B USDT minted on ETH amid Tether’s big shift to boost liquidity...

In this post: Ki Young Ju, the CEO of CryptoQuant, has made an astonishing forecast about the price of Bitcoin at the end of 2024.  The market is anticipating more gains as Bitcoin finally reached a new all-time high of $77,252.75. Ki Young Ju, though, says the asset might let the market down. Bitcoin may turn around and close around $58,897 before the end of the year, per Ki Young Ju’s essay on X. But he included a disclaimer to indicate that he might be wrong about the prediction. His recent comment comes after Bitcoin made an impressive leap to...

In this post: With the state council’s consent, China’s Ministry of Finance announced that it will offer $2 billion in dollar-denominated bonds in Saudi Arabia the next week. The MOF of the Asian nation also stated that specifics of the issuance would be disclosed at a later date. On November 5, China’s finance ministry declared that, with state council permission, it plans to sell $2 billion of US sovereign bonds in Riyadh. It is anticipated that the action will assist the Chinese government in opening up its financial sector to global investors. How the BRICS de-dollarisation is going:...

In this post: Regarding the Coinbase fee structure for listing cryptocurrency assets on the exchange, Justin Sun raises concerning assertions....

In this post: Following Judge Katherine Polk Failla’s decision on November 1, the trial of Roman Storm, a co-founder of...

In this post: Through Chainlink’s scale initiative, the HBAR Foundation has become a part of the Chainlink ecosystem. Chainlink Data...

In this post: For the first time since June, Bitcoin (BTC) broke through $71,000, making headlines. What is propelling this...

In this post: The SEC’s tight grip on the cryptocurrency market is drawing criticism from all sides. When online celebrity...

In this post: As Halloween is just around the corner, Stake.com has released new exclusive and early access games for...