Bettors Lose Millions Predicting the New Pope as Polymarket Edge Fizzles Out
The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.
Markets
Bitcoin’s Price Surge to $104K Liquidates Nearly $400M in Bearish BTC Bets, Opening Doors to Further Gains
The rally followed a U.K. trade deal announcement and record ETF inflows exceeding $40 billion.
Explosive ETH, ADA, DOGE Moves Spur $800M in Short Liquidations, Highest Since 2023
Bears are nursing their highest losses over two years as majors surged as much as 20%.
Bitcoin $120K Target for 2Q May Be Too Conservative: Standard Chartered
Spot bitcoin ETF net inflows totaled over $4 billion in the last three weeks, when adjusted for hedge fund basis trades, the bank said.
Bitcoin Tops $100K for First Time in 3 Months; Are Upside Targets Too Low?
The price has jumped 33% in a few weeks after plunging to $75,000 in the days following President Trump’s early April Liberation Day tariff announcement.
Fed Stagflation Risk Signal Could Be Bullish for Bitcoin, Analyst Says
Holding rates steady, the U.S. central bank took note of the possibility of higher inflation and unemployment.
Trump Crypto Advisor David Bailey In Talks to Launch Bitcoin Investment Company: The Information
Bailey, who advised President Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly raising $300 million to buy bitcoin.
Fed Holds Rates Steady, Says Risks of Higher Unemployment, Higher Inflation Have Risen
All eyes will now turn to Fed Chair Jerome Powell’s post-meeting press conference for further clues about the central bank’s thinking on monetary policy.
Coinbase Earnings Pain Likely as Retail Activity Slumps, Wall Street Analysts Warn
Barclays, JPMorgan, Compass Point and Oppenheimer all cut their first-quarter forecasts last month, citing weaker crypto trading.
Bitcoin Races Above $97K on U.S./China Trade Deal Progress
Treasury Secretary Scott Bessent is headed to Switzerland for talks with Chinese representatives.