Author: AltCoinDrops.com
Global digital asset and AI infrastructure firm Galaxy Digital has launched a new OTC (over-the-counter) prediction markets trading desk, which is expected to give institutional investors a platform to place bets on prediction events at a scale larger than retail traders. The new service, run through Galaxy’s global markets desk, covers non-sports event contracts listed on Kalshi and Polymarket, according to a company press release. The Nasdaq-listed firm then completed a $10 million inaugural trade with crypto hedge fund Arca, tied to the fate of U.S. digital asset legislation. Institutions want a piece of the prediction market pie Prediction markets…
The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict. $1.5 Billion Liquidations Dominate Crypto Market Crash Overall, $1.5 billion of crypto liquidations took place over the last 24 hours. Out of this, it included nearly $1.35 billion on the part of long investors, according to CoinGlass data. Crypto Liquidations Data Today. Source: CoinGlass In total, it appears that $141.8 million…
Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. Summary Crypto-backed PACs have increased spending in US congressional primaries as digital asset policy becomes a key election issue. FEC filings show Protect Progress spent millions supporting Democratic candidates in California, New Jersey, Maryland, and New York. Fairshake-linked groups are targeting lawmakers based on their crypto policy positions as Congress reviews major digital asset bills. According to filings with the US Federal Election Commission, Fairshake-linked groups backed by Coinbase, Ripple, and other crypto supporters have directed millions of dollars into House and…
Bitcoin price started a fresh decline below the $70,000 zone. BTC is consolidating and might continue to move down if it dips below $66,000. Bitcoin failed to stay above $70,500 and extended losses. The price is trading below $70,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $67,500 and $68,500 levels. Bitcoin Price Nosedives Bitcoin price failed to stay above the $72,000 support zone. BTC remained in a…
Mark Zuckerberg model Meta AI predicts Bitcoin washed out at $69,500 and sees a base bull target of $88,000 to $95,000 by June 30, with a path toward $100,000 to $110,000 opening up if 2 specific catalysts land before the month closes.The prediction Zuckerberg’s AI is making is built around a near-term setup that is more event-driven than any other Bitcoin prediction covered in this series. Over $2 billion of May ETF outflows created the selloff that brought BTC to current levels, and Meta AI is reading that as a washout rather than the start of a deeper structural break.…
Ondo Finance is set to unveil Ondo Perps, a new platform offering perpetual contracts for real-world assets, within weeks. This comes on the heels of U.S. regulators’ approval of the world’s first domestic perpetual futures contract, which may revolutionize access to tokenized equities and commodity trading at all hours. This was announced by Ian De Bode, the new CEO of Ondo Finance, following the sudden passing of the company’s founder, Nathan Allman, last month. With Ondo being the dominant player in tokenized equity, accounting for approximately 60% of the market with $3.5 billion TVL, this move will be a major…
Bitcoin Layer-2 development project Bitcoin Hyper (HYPER) has surpassed the $32.7 million milestone in its ongoing public presale. The funding milestone highlights growing market demand for scaling solutions that introduce high-throughput capabilities directly to the Bitcoin ecosystem.While Bitcoin remains the dominant decentralized store of value, base-layer transaction speeds and fee volatility have historically limited its utility for high-frequency transactions. Bitcoin Hyper aims to address these structural bottlenecks by establishing a high-performance execution layer on top of the primary network.Technical Architecture: Leveraging the Solana Virtual Machine To achieve transaction finality at scale, Bitcoin Hyper (HYPER) utilizes the Solana Virtual Machine (SVM)…
TLDR: Vietnam’s Finance Ministry proposes digital assets and IP as eligible collateral for SME loans. The draft law aims to improve financing access for startups lacking traditional physical assets. Banks may assess borrowers using cash flows, business plans, and market potential metrics. The proposal aligns with Vietnam’s broader push toward regulated digital asset markets. The Vietnam Finance Ministry proposed allowing SMEs to secure loans using digital and virtual assets. The move aims to improve credit access for startups and innovation-focused businesses that lack traditional collateral. Vietnam Opens New Financing Route for SMEs Vietnam’s Ministry of Finance has proposed expanding the…
TON has rallied after Telegram founder Pavel Durov said the network’s native token will revert to its original name, Gram. Summary Pavel Durov said Toncoin will be renamed Gram, restoring the token’s original identity as defined in TON’s first white paper. TON rose 18.75% to $2.19 after traders reacted to the rebrand and Telegram’s stronger role in the ecosystem. Durov said the rebrand will take about three weeks and will not require any token swap. According to Durov, Gram was the original name of the token in TON’s original white paper, while TON will remain the name of the blockchain…
Bitcoin’s price has fallen below the $72,000 region after reports revealed that BTC treasury giant Strategy sold more than 30 BTC for the first time since 2022. The move has fueled speculation about whether the company will continue reducing its Bitcoin reserves or return to its aggressive accumulation strategy. Key Points Strategy sold 32 BTC worth approximately $2.47 million last week, marking the company’s first Bitcoin sale since 2022. The company disposed of the Bitcoin at an average price of $77,135 per BTC. Jim Cramer urged investors to reassess their Bitcoin outlook following Strategy’s unexpected BTC sale. Meanwhile, Bitmine Immersion…