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Prediction markets are just a precursor in a more popular field, with the potential to be applied to social media, science, news, governance, and other areas, categorized as "information finance."
ADA is today’s top performer as its price is close to $0.6.
Quick Take A cold wallet that received 30,371 BTC from Mt. Gox last week sent $2.24 billion worth of bitcoin to a new wallet on Sunday. Mass bitcoin movements seen in Mt. Gox and related wallets typically precede creditor repayments.
Quick Take Stacks founder Muneeb Ali, in a post on X, hinted that the long-awaited Stacks upgrade could come as early as next month. Stacks bills sBTC as the first trustless two-way bitcoin peg system, with the potential to expand DeFi applications on the bitcoin base layer.
- 03:40Data: Bullish Positions Remain Moderate, Limited Leverage Suggests a Healthy and Sustainable MarketForesight News reports that glassnode tweeted that despite the significant rise in BTC prices, the funding rate for perpetual futures remains at a neutral level of approximately 0.007% (annualized 7.6%)—indicating that long positions are still relatively moderate. The derivatives market seems to be catching up with the spot market, with limited leverage suggesting a healthy and sustainable trend.
- 03:40Farcaster Wallet Launches Support for CeloForesight News reports that Celo has announced on warpcast the launch of the Farcaster wallet.
- 03:38Morgan Stanley: The Dollar May Depreciate Another 6% This YearAccording to a report by Jinse Finance, Jitania Kandhari, Chief Investment Officer at Morgan Stanley Investment Management, stated that the dollar's recovery earlier this week is a "counter-trend rebound," while its fundamentals still point to a decline. "This is a counter-trend rebound, but the long-term fundamentals still indicate that the dollar will fall further, possibly depreciating another 6% this year." U.S. investors need time to diversify away from domestic assets because "U.S. investors have a strong home bias," but the clients she interacts with are actively inquiring about other regions of the world to seek opportunities. She is currently optimistic about the euro, yen, and emerging market currencies.