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Chainalysis estimated that a French Polymarket whale made a profit of $78.7 million on U.S. election bets, primarily on a Donald Trump victory.
The market resolution in favor of the French trader comes amid reports that authorities in the country are considering banning the decentralized predictions platform under its gambling laws.
Sky voted to maintain the pivot away from the protocol’s original Maker brand following some backlash from community members.
The rebranding is part of Rune Christensen’s Endgame strategy, which involves launching new stablecoins and establishing “subDAO” to build their own crypto apps and infrastructure.
Pond, developing a decentralized AI model layer for the crypto space, has raised $7.5 million in seed funding.
Investors include Archetype, Coinbase Ventures, Near Foundation and others.
Polygon and Magic Labs are launching a new cross-chain network to make using cross-chain dapps as easy as “surfing the web.”
If the tech becomes standardized, it could help solve the issue of blockchain balkanization.
The victim was deceived by a person she met on a dating app and was persuaded to transfer €186,000 across six transactions.
While Binance suspended the implicated account, it initially refused to disclose the user’s identity without a court order.
BlackRock’s spot bitcoin ETF, IBIT, recorded its largest daily trading volume of $4.1 billion after U.S. Election Day, which saw pro-crypto Republican candidate Donald Trump reclaim the White House.
The Degen team is in disputes with the third-party service provider, Conduit, which used to launch its Layer 3 network following an allegedly unannounced upgrade that stalled the chain.
Degen is looking to switch service providers but claims Conduit won’t hand over the multi-signature keys needed to migrate, a claim the company denies.
X co-founder Jack Dorsey’s payment firm Block said it will increase investment in its bitcoin mining business.
Block said it will cut back investments in music streaming app Tidal and wind down the decentralized web platform developer team at TBD.
The California state regulator suspended the collapsed crypto lender’s license in November 2022.
It blamed the platform for failing to consider borrowers’ ability to repay their loans, among other things.