Big week in crypto 👀Ethereum interop updates, a flood of Solana ETF filings, a bold Ripple ETF move, and a U.S. bill to let Americans pay taxes in Bitcoin~Catch the full Friday recap 🎥🔥 https://t.co/P8bZuh1N2B ...

Core Insights - Prediction markets are experiencing unprecedented investor interest, with platforms Polymarket and Kalshi pursuing billion-dollar valuations, marking rapid growth in the sector [1][2] Company Summaries Polymarket - Polymarket is in discussions to raise new capital at a valuation between $12 billion and $15 billion, representing a more than tenfold increase from its valuation of $1 billion just four months ago [3] - Intercontinental Exchange (ICE) announced an investment of up to $2 billion in Polymarket at an $8 billion valuation, making CEO Shayne Coplan one of the youngest self-made billionaires [4] - The platform recorded over $2 billion in weekly volume during the period ending October 19, surpassing activity seen during the 2024 U.S. election cycle, and has re-entered the U.S. market after securing approval to operate domestically [5][8] Kalshi - Kalshi closed a $1 billion fundraising round, valuing the company at $11 billion, which is a significant increase from its previous valuation of $5 billion just two months prior [6] - The platform has rapidly expanded and operates as a federally regulated exchange, gaining institutional trust [7] - Kalshi's annualized trading volume reached $50 billion in October, up from approximately $300 million the previous year [8] Industry Trends - Both Polymarket and Kalshi are driving a billion-dollar boom in prediction markets, with major crypto exchanges also looking to enter the increasingly crowded market [7][9]

Core Insights - Nvidia Corp.'s strong earnings forecast failed to revive investor confidence, leading to a tech market downturn and a mixed jobs report that left investors uncertain about their next steps [1][4][6] Market Dynamics - Goldman Sachs' trading desk noted an increase in shorting across macro products, contributing to the market rout, alongside poor liquidity in S&P 500 futures, which fell below $5 million compared to a one-year average of $11.5 million [2] - The trading desk had previously indicated that the market was set for a rebound after a four-week slump, highlighting sectors like quantum computing, crypto, and rare earth metals as showing potential [3] Investor Sentiment - Many investors had positioned themselves for a rise in tech stocks, particularly Nvidia, but faced losses as the stock dropped 3.2% on Thursday, leaving them with few catalysts for a year-end rally [4][6] - The VIX, Wall Street's fear gauge, surged by 19% intraday, indicating heightened volatility and uncertainty among traders [6] Retail Sector Insights - Upcoming catalysts for investors include Black Friday retail sales and the Federal Reserve meeting, although retail trading volume has decreased significantly, dropping nearly a third from 16% to 11% of overall US equity trading volume [7]

#Bybit #CryptoArk #Tether #XAUT ...

Core Insights - Bitcoin has experienced a significant decline, dropping below $85,000 for the first time since April, marking a potential worst monthly drawdown since the 2022 crypto winter [1] - Major altcoins are also suffering, with Ether falling below $2,750 and other tokens like Solana, XRP, BNB, and Cardano seeing declines between 8-15% [2] Market Dynamics - The recent sell-off is linked to nearly $2 billion in liquidations within 24 hours, with Bitcoin accounting for $964 million of this total [3] - Approximately 396,000 traders were liquidated, with the largest single liquidation being a $36.7 million Bitcoin position [3] External Influences - Broader market conditions are unfavorable, with global stocks experiencing their worst week in seven months, contributing to negative sentiment in the crypto market [4] - The MSCI All Country World Index has decreased by over 3% this week, while U.S. tech shares are under pressure, indicating a flight to safety [4] Crypto-Specific Trends - U.S.-listed Bitcoin ETFs faced over $900 million in net outflows, marking their second-worst day since early 2024 [5] - Open interest in perpetual futures has decreased by 35% since October's peak, indicating reduced liquidity in the market [5] - The Crypto Fear & Greed Index has dropped to 11, reflecting extreme fear among retail investors, the lowest level since late 2022 [5][6] Market Stability - Historical data suggests that such extreme fear levels often precede major market lows, but current conditions show no signs of stabilization as prices break multi-month support [6]

Cryptocurrency Exchange & Stablecoin - Bybit focuses on cryptocurrency and USDT (Tether) [1] - The report relates to the cryptocurrency exchange Bybit [1] - The report relates to CryptoArk [1]

RT Documenting Saylor (@saylordocs)🇹🇭 Thailand officially implements 0% capital gains tax on Bitcoin & crypto. https://t.co/xGDS7MzAa1 ...

🧐Which #Crypto are you watching now?? https://t.co/gBZFFqNcQQ ...

#Bybit #CryptoArk ...

Core Insights - Prediction markets have gained significant traction in 2025, transitioning from a niche category to a booming industry with billion-dollar valuations [1][2] - Major players like Polymarket and Kalshi have raised substantial funding, with Polymarket receiving a $2 billion investment at a $9 billion valuation and Kalshi raising $300 million at a $5 billion valuation [1] - The total notional volume traded on prediction markets reached a record-high of $3.3 billion in early November, indicating robust market activity [6] Company Developments - Polymarket, founded in 2020, is recognized as the first on-chain prediction market utilizing USDC on the Polygon network, marking a significant innovation in the blockchain space [5] - Kalshi, which operates a closed system rather than a blockchain, gained approval from the CFTC to trade event contracts, paving the way for future on-chain prediction markets [4] - Other emerging players in the prediction market space, such as Opinion, Limitless, and Myriad, are also experiencing user growth and raising funds [1] Market Trends - The influx of capital into prediction market platforms is driving their popularity and growth, with significant investments being made to enhance their offerings [1][6] - The prediction market sector is seen as a potential gateway to attract a new set of users, particularly in the blockchain and crypto space, aiming to reach the next billion users [2]