polymarket processed $4.33b on polygon last month and their ceo just got appointed to cftc innovation council. no polymarket token exists. kalshi raised $1b at $11b valuation. no kalshi token either. matic processes every polymarket trade and institutions just got regulatory clearance to enter. infrastructure eats first ...

“I’m very cautious; meme coins hold no value for me,” she said. “I'm not interested in one hour. I'm not interested in just today.”Although Switzer’s crypto holdings make up a small portion of her overall portfolio, which mainly consists of real estate, she often checks her accounts twice a day and has an approach many would find thorough and clear-eyed.Switzer’s story, though unique, helps explain why people of all ages and financial backgrounds have been drawn to the world of crypto for reasons that go be ...

Core Insights - The cryptocurrency market is experiencing significant volatility, with Bitcoin and Ethereum seeing substantial declines, leading to billions in value being erased [1][2][3] - Bitcoin dropped as much as 6% to below $86,000, while Ethereum fell over 7% to around $2,800, indicating a broader market downturn [1][8] - The recent slump follows a period of instability that began with the liquidation of $19 billion in leveraged bets in early October, shortly after Bitcoin reached an all-time high of over $126,000 [2][10] Market Performance - Bitcoin lost 16.7% of its value in November, marking its second-worst month of 2025, despite recovering some gains last week [2][6] - The overall market saw Bitcoin decline over 19% from June to December 1, with other cryptocurrencies like Solana and Dogecoin experiencing losses between 15% and over 45% [6][10] - The market had previously rallied due to institutional inflows, ETF launches, and network upgrades, but the fourth quarter has seen a swift reversal in fortunes [5][6] Investor Sentiment - Market sentiment remains fragile as traders brace for further volatility, with a noted lack of dip buyers and meager inflows into Bitcoin exchange-traded funds [6][10] - Risk appetite has diminished across global markets, impacting equities and cryptocurrencies alike, as indicated by the recent performance of Asian stocks [6][7] Leverage Concerns - High levels of leverage in the cryptocurrency market, with some exchanges offering up to 200x leverage, pose a risk for violent liquidations during price swings [10][11] - The predominantly retail-driven nature of the crypto market contributes to instability, as retail investors react differently compared to institutional investors [11][12]

RT Jonaso (@Jonasoeth)Polymarket had a massive month in OctoberThe platform reached around 338,000 unique traders and handled $3B in trading volume on Polygon, this is a new ATHBesides, other PMs like Kalshi or @trylimitless gained new ATH in some metrics with $4.4B volume for Kalshi and 68K active addresses for Limitless.Prediction markets are becoming mainstream, and Polymarket is leading the sector with both high trading activity and a large, active user base.Data source: @tokenterminal ...

Investment Allocation - BlackRock's allocation to Avalanche (AVAX) is $554 million, surpassing Aptos ($544 million) and Polygon ($530 million) [1] - BlackRock reduced Ethereum exposure by 60% to increase investment in Avalanche [1] Market Trends & Tokenization - BlackRock's early investment suggests positioning ahead of an anticipated $2 trillion in tokenized assets by 2028 [1] - The movement of $10 trillion in Assets Under Management (AUM) indicates a strategic move beyond infrastructure testing [1] Technology & Adoption - Avalanche subnets are already processing JPMorgan's Kinexys transactions [1]

Company Updates - Polygon Labs 发布了 Q3 季度更新 [1] Resources - 可通过 Token_Relations 获取完整的 Q3 更新信息 [1]

Core Insights - The crypto markets experienced significant volatility following the October 10 flash crash, but the overall ecosystem has not faced the same level of disaster as in previous instances [1] - Animoca Brands, a leading investment firm in Web3, is planning a U.S. IPO in 2025, marking a strategic shift from its previous focus on mobile gaming [2][3] Company Overview - Animoca Brands has a diverse portfolio that includes major firms like Axie Infinity, Polygon, Kraken, and The Sandbox, reflecting its strong position in the Web3 space [2] - The company transitioned from being publicly listed on the Australian Securities Exchange (ASX) to focusing on Web3, leading to its delisting in 2020 [2][3] IPO Plans - The company aims to relist in the U.S. as market conditions have become favorable, particularly due to a softening regulatory stance in the U.S. that influences global jurisdictions [3] - Animoca Brands has retained a base of retail and institutional investors from its previous public exposure, which is advantageous for its upcoming IPO [3] Market Conditions - The digital asset space is experiencing heightened interest, driven by a pro-crypto approach in the U.S. and increased institutional adoption [4][6] - Despite a significant market wipeout of approximately $19 billion, the crypto market's mature structure and risk management systems have helped it endure the recent flash crash [5][6] Investment Focus - Web3 gaming constitutes about 25% of Animoca's investment portfolio, highlighting its commitment to this rapidly growing segment [5] - The company is positioned as a leader in the altcoin space, capitalizing on the ongoing advancements in the digital asset industry [4]

Blockchain Networks - The document lists various blockchain networks including Ethereum, Solana, Unichain, Base, Arbitrum, Polygon, OP Mainnet, BNB Chain, Avalanche, World Chain, ZKsync, Soneium, Zora Network, Celo, and Blast [1] Unidentified Hint - The document includes a hint in Chinese: 外 [1] (Translation: Outside/External)

Core Insights - A significant increase in betting activity on Polymarket regarding Satoshi Nakamoto's potential Bitcoin movement occurred on October 15, with a spike of 15% before dropping to 5% [1] - Traders experienced substantial losses due to the volatility, with one trader losing approximately $11,057 and another losing around $16,583 within a month [2] Company Overview - Polymarket is a decentralized prediction market platform that operates on the Ethereum and Polygon blockchains, allowing users to bet on real-world events using cryptocurrency [5] - The platform was launched in 2020 by Shayne Coplan and enables traders to buy and sell "outcome shares" related to various events, effectively creating a real-time probability market based on public opinion [5] Regulatory Environment - Polymarket operates under a no-action agreement with the U.S. Commodity Futures Trading Commission (CFTC), ensuring compliance through geographic restrictions [6]

Core Insights - YZi Labs, a private investment company spun off from Binance in early 2025, is likely majority owned by Binance insiders, including Changpeng Zhao (CZ) and his close associates [1][3] - The company is contemplating opening up to external investors, indicating a shift from its previous private ownership model [1][7] Company Background - YZi Labs originated from Binance Labs, which was established in 2018 and became a leading startup incubator and venture capital investor in the crypto and blockchain space [2] - The rebranding to YZi Labs reflects its increased independence from Binance [2] Ownership and Management - The spinoff allows CZ to engage more actively with YZi Labs, circumventing a U.S. injunction that prevents him from holding executive roles at Binance [3] - CZ is humorously listed as an intern on YZi Labs' website, despite likely holding a controlling stake [3][4] Investment Strategy - YZi Labs was tasked with deploying $10 billion in investments, a directive from CZ when he was still CEO of Binance [5] - The firm has supported numerous crypto projects, including well-known platforms like Polygon, PancakeSwap, and Axie Infinity, and has recently backed Ethena's stablecoin platform [6] Future Directions - While maintaining a strong focus on crypto and decentralized finance, YZi Labs is expanding into sectors such as AI, DePINs, and innovative blockchain applications [8]