Polymarket Reportedly Seeks $50M in Funding, Mulls Token as Election Bets Surge

Coindesk

Polymarket Reportedly Seeks $50M in Funding, Mulls Token as Election Bets Surge

The prediction market would use the potential token "as a way for users to validate the outcome of real-world events," the Information reported. It's unclear what that would mean for UMA, the oracle Polymarket uses.

AI-Related Cryptos Lead Altcoin Surge; Bitcoin Breakout Nears with Several Catalyst in Q4: Analyst

Coindesk

AI-Related Cryptos Lead Altcoin Surge; Bitcoin Breakout Nears with Several Catalyst in Q4: Analyst

NEAR, RNDR, TAO and LPT booked double-digit gains as artificial intelligence-focused tokens were the best performers within the CoinDesk 20 Index.

Mango Markets Mulls CFTC Settlement Over Crypto Trading Violations

Coindesk

Mango Markets Mulls CFTC Settlement Over Crypto Trading Violations

The legal pain train continues for Solana's once-mighty crypto derivatives exchange.

DePIN Tech Shows Promise, But Implementation Faces Several Hurdles, Moody's Says

Coindesk

DePIN Tech Shows Promise, But Implementation Faces Several Hurdles, Moody's Says

The Wall Street ratings agency's first-ever report about the sector underscores the increased attention towards DePIN apps.

SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams

Coindesk

SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams

The enforcement actions are the first from the SEC alleging this type of crypto scam.

Forget Meme Coins, Crypto Utility Is Already Here

Coindesk

Forget Meme Coins, Crypto Utility Is Already Here

Meme Coin Mania has many wondering if crypto will stop the nonsense and deliver real use-cases, but crypto utility is already here if we simply look, says David Zimmerman, a research analyst at K33 Research.

Bitcoin Slides, Yen Gains as Trump-Harris Debate Disappoints Markets

Coindesk

Bitcoin Slides, Yen Gains as Trump-Harris Debate Disappoints Markets

The yen picked up a strong bid in late July as the Bank of Japan hiked interest rates for the first time in decades, triggering an unwinding of the risk-on yen carry trades.

Caroline Ellison Shouldn't Go to Jail After FTX Collapse, Attorneys Say

Coindesk

Caroline Ellison Shouldn't Go to Jail After FTX Collapse, Attorneys Say

The former Alameda Research CEO testified against her former boss, Sam Bankman-Fried, last year.

Harris Won U.S. Presidential Debate Versus Trump, Polymarket Betting Suggests

Coindesk

Harris Won U.S. Presidential Debate Versus Trump, Polymarket Betting Suggests

Crypto was once again not mentioned in the second 2024 debate, the first between Kamala Harris and Donald Trump.

Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset

Coindesk

Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset

A change in the regime could result in lower taxes for some crypto investors.