Trading
Easy money on Polymarket and Kalshi is disappearing as prop firms deploy AI agents
Institutions, prop firms and AI agents are turning prediction markets into a professional arena for pricing uncertainty.
Sentiment: Neutral
Latest stories
Hacks
515M NIGHT bridge exploit rocks Cardano but ADA jumps 8% anyway after landmark hard fork
Wanchain halted its Cardano-BNB Chain bridge after hundreds of millions of NIGHT were stolen, but the market has so far avoided extending the security discount to ADA.
Analysis
As Bitcoin breaches $66K its latest bottom signal trapped buyers in a 20% loss
Options skew at 11.4 points and positive funding show leverage rebuilding before Bitcoin confirms a durable bottom.
Digital Asset Treasuries
BitMine gets 98% of revenue from staking as a decade-long contract complicates an early exit
Ethereum Tower can keep its 2% interest and may elect continuing fees or a formula-based payment after a covered termination.
People
Winklevoss twins gave Trump’s super PAC $10 million 23 days after CFTC joined Gemini relief bid
Matching FEC rows name Gemini because it liquidated the same bitcoin, not because the exchange donated another $10 million.
Politics
Trump backs crypto ethics limits, putting CLARITY Act decision in Democrats’ hands
The president reportedly accepted sweeping crypto ethics restrictions, but Senate Democrats must still decide whether the language goes far enough to unlock the votes needed for passage.
Digital Asset Treasuries
BitMine is now $484 million away from completing its 5% Ethereum target
The Tom Lee-led company added just 7,430 ETH last week as it diverted about $86 million to buying back its own shares.
Derivatives
Most world cup traders won less than $5 on Polymarket while FIVE wallets walked away with millions
Polymarket and Kalshi captured record sports activity, but only 54 Polymarket addresses collected nearly 60% of all gains.
Market
Bitcoin breaks $66k as US debt hits $39.5 trillion creating Bitcoin’s next liquidity test for August 3
Treasury’s August 3 borrowing update will show how much new government debt markets must absorb as Bitcoin trades near $65,000.
Digital Asset Treasuries
Bitcoin treasury company discovers buying own stock adds 24% more BTC per share than buying Bitcoin
Across its first five buybacks, B HODL added 24% more gross Bitcoin per share for every pound spent than a direct BTC purchase would have.
Censorship
France blocked Polymarket after its transaction controls failed to stop 578,751 new French visitors
ANJ cited Similarweb estimates after operator-level controls were circumvented in practice while the platform's live odds remained visible.
Trading
Hyperliquid challenges Polymarket with $32 million opening for prediction-market builders
The HIP-4 framework could accelerate prediction-market listings, though prospective operators must lock 500,000 HYPE tokens.
