befla

Polymarket’s upgrade won’t automatically move existing bets to new contracts

by
Polymarket’s upgrade won’t automatically move existing bets to new contracts
Polymarket’s Protocol V2 rollout does not automatically move existing bets held under its older Conditional Tokens Framework, or CTF, onto new contracts. Its migration guidance tells trading integrations to retain support for those holdings while adding a separate system for V2 positions and new trading permissions. In his Oct. 5 announcement, Rajath Alex said Polymarket … Read more

Ethereum bears keep selling but ETH price stays near $2,700 as US spot ETFs record $206M in outflows

by
Ethereum bears keep selling but ETH price stays near $2,700 as US spot ETFs record $206M in outflows
Ethereum’s institutional demand is weakening around the same time derivatives positioning shows traders are selling aggressively without yet breaking the broader price structure. US spot ETH exchange-traded funds recorded $50.76 million of net outflows on Oct. 5, extending their losing streak to five consecutive sessions, according to SoSoValue data. The products have shed $205.88 million … Read more

Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high

by
Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high
US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued to decline. Data from SoSoValue shows that the 12 listed US Bitcoin ETFs lost $484.9 million on Oct. 7, their largest single-day outflow since June 25. BlackRock’s iShares Bitcoin Trust (IBIT) led the withdrawals with $207.7 million, … Read more

Bitcoin keeps losing ground when Wall Street opens as Coinbase discount deepens

by
Bitcoin keeps losing ground when Wall Street opens as Coinbase discount deepens
Bitcoin’s US-session weakness is deepening as BTC prices on Coinbase trade at a $64 discount to Binance, the largest global crypto exchange Bitcoin has lost a compounded 3.24% during US stock-market hours since Sept. 21, while prices outside that window advanced 6.07%, according to a CryptoSlate analysis of Binance BTC/USDT trading. During this period, CryptoQuant’s … Read more

Bitcoin’s failed breakout reveals a dangerous mix of thin volume and easy profits

by
Bitcoin’s failed breakout reveals a dangerous mix of thin volume and easy profits
Bitcoin has fallen nearly 5% this week as weak trading volume and profit-taking blunt attempts to reclaim $85,000. The largest cryptocurrency traded around $83,100 as of press time, extending a retreat that followed Sunday’s brief close above the key level. Bitcoin has since failed to sustain that breakout, slipping beneath newly placed sell orders before … Read more

US government moves $470 million in seized crypto to Coinbase wallets, raising Bitcoin sale questions

by
US government moves $470 million in seized crypto to Coinbase wallets, raising Bitcoin sale questions
The US government moved about $470 million in seized crypto to likely Coinbase Prime addresses, according to Arkham, reviving questions over potential asset sales. On Oct. 7, blockchain analytics firm Arkham Intelligence said the transfers included Bitcoin, wrapped Bitcoin and USDT. Arkham linked the transferred assets to seizures involving the 2016 Bitfinex hack and Alameda … Read more

MiCA rejection forces German crypto platform into operational overhaul

by
MiCA rejection forces German crypto platform into operational overhaul
Bitcoin.de is rebuilding its operating model after German regulators rejected its MiCA authorization, forcing it to outsource trading and custody to outside partners. BaFin refused the application filed by Futurum Bank AG, the Bitcoin.de operator, to become an authorized crypto-asset service provider under the European Union’s Markets in Crypto-Assets (MiCA) regime. The decision also ended … Read more

Ondo unlocks BlackRock portfolio strategies, but only non-US traders benefit

by
Ondo unlocks BlackRock portfolio strategies, but only non-US traders benefit
Ondo Finance launched three on-chain portfolio tokens on Sept. 24 using investment strategies BlackRock developed for the company. The tokens give buyers economic exposure to diversified baskets, but they are securities issued by Ondo, not interests in BlackRock funds. Only eligible non-US investors who complete onboarding can redeem the tokens directly with Ondo, according to … Read more

Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected

by
Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected
Evernorth’s shareholder vote has advanced its plan to become a publicly traded XRP treasury. Its next round of token buying hinges on cash left at closing: disclosed delayed subscriptions, conditional notes and expected trust proceeds imply roughly $88.5 million in gross sources if all three settle, before expenses and other uses. Evernorth and Armada Acquisition … Read more