Traders Took $8.2 Million From Polymarket’s Five-Minute Bitcoin Bets, Study Found
Bitcoin Magazine Traders Took $8.2 Million From Polymarket’s Five-Minute Bitcoin Bets, Study Found A new study found that Polymarket's five-minute Bitcoin contract functioned as a wealth transfer mechanism, funneling money from retail traders to a small group of manipulators while distorting Bitcoin's spot price. This post Traders Took $8.2 Million From Poly...
Coins in this story
Related stories
Aave launches V4 on Avalanche, laying groundwork for tokenized credit markets
The deployment marks Aave V4’s first expansion beyond Ethereum and introduces lending infrastructure designed to support future markets for tokenized real-world assets....
Bitcoin Price Jumps Over $65,500 on Soft Inflation Data
Bitcoin Magazine Bitcoin Price Jumps Over $65,500 on Soft Inflation Data Bitcoin price jumped over $65,000 per coin after US inflation data was cooler than expected. This post Bitcoin Price Jumps Over $65,500 on Soft Inflation Data first appeared on Bitcoin Magazine and is written by Mathew Di Salvo....
US government sends $288M to Coinbase putting Bitcoin reserve rules into question
The transfer highlights unresolved custody rules, while the public evidence identifies a deposit rather than a government sale. The post US government sends $288M to Coinbase putting Bitcoin reserve rules into question appeared first on CryptoSlate....