Analysis
It's Not Germany Selling Bitcoin. It's One of Its States and It Has No Choice.
Since confiscating nearly $3 billion worth of bitcoin in January, Germany's state of Saxony has sold over half of its initial holdings, causing distress in the market.
AI Tokens Outperform CoinDesk 20 Index Tuesday Despite Clouds Forming Over Industry
New research from Goldman Sachs and Sequoia challenges assumptions that Artificial Intelligence and Large Language Models can change the world.
Prediction Markets and Polls Both Got the French Election Wrong
Plus: Polymarket traders remain skeptical about Biden's insistence he's staying in the U.S. presidential race; will ETH fall to $2,630?
Ahead of the U.K. Election, Major Parties Remain Silent on Crypto Issues
The U.K. is set to hold its first election in five years on Thursday and crypto is not a campaign-trail issue.
Bitcoin's Bottom in Price Could Be Near or Already In, the Coinbase Premium Index Suggests
Previous deeply negative readings occurred near local bottoms in price, with the most recent occurring just prior to BTC's rally between October and March to all-time highs, FalconX's David Lawant noted.
UPDATE: Polymarket Logs First $100M Month as Election Drama Heats Up
President Biden's blunders during last week's debate are the latest factor driving volume on the crypto-based prediction market.
Solana ETF Applications Look Like Bets on Trump Retaking White House, Making U.S. Friendlier to Crypto
VanEck and 21Shares' applications seem doomed under the Biden administration. But they include a deadline that lapses when Trump would be in office, if he wins the presidency in November.
EU's Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time
The European Banking Authority published its final report on draft standards for stablecoin issuers on June 19.
Biden Likely to Win Popular Vote, but Lose Presidency, Prediction Market Signals
Plus: $DJT believers dispute the resolution of a Polymarket bet, insisting the "preponderance of evidence" shows Barron Trump's involvement.
This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs
Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices.
