Bitcoin stalls below at $77,500 as volatility cools, traders unwind leverage

A US Army soldier was arrested for placing $400,000 insider bets on Polymarket predicting a Venezuelan government raid on Maduro. The incident highlights regulatory gaps in decentralized prediction markets, where military personnel exploited non-public information. This raises concerns about market manipulation and oversight in crypto betting platforms, particularly for geopolitically sensitive events affecting emerging markets like those relevant to Indian investors monitoring global instability risks.

Aave spearheads 'DeFi United' initiative to manage fallout from KelpDAO's $292 million issue, signaling coordinated response across decentralized finance protocols. The move aims to stabilize markets and restore investor confidence following the incident. Such coordinated action demonstrates DeFi's maturation in addressing systemic risks, crucial for institutional adoption and investor protection in India's growing crypto ecosystem.

The U.S. president said that he “was never much in favor” of prediction markets, as the latest insider trading case highlighted risks....