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In brief Tristan Thompson sees prediction markets as an evolution of sports gambling. He thinks they will be increasingly integrated into sports broadcasts. Prediction markets have the potential to drive higher ratings, he added. Prediction markets emerged as a fixture of politics last year, but now they’re making a notable splash in the big leagues, according to NBA star Tristan Thompson.Amid a growing list of partnerships and acquisitions, it probably won’t be long before odds from platforms like Polymarket become a common way for people to gauge the pulse of their favorite teams and athletes in real-time, he said in…

Bitcoin has dropped below $100,000 for the second time in a week, losing 12% in a month. The overall crypto market has lost over $700 billion in the past month, as the Fear and Greed Index has fallen to ‘extreme fear’. So, do all of these market indicators signal a bear market? Let’s analyze the technical and historical data. Sentiment Signals Are at Bear-Market LevelsThe Fear & Greed Index at 10 reflects extreme fear comparable to early 2022 and June 2022, both confirmed bear-market phases. Yesterday: 16 Last week: 20 Last month: 28 Sponsored SponsoredThe trend shows accelerating fear, not stabilizing sentiment.…

Four days after Uniswap Labs and the Uniswap Foundation proposed merging their operations and activating the long-awaited fee switch, a X spat between the protocol’s founder and Gary Gensler’s former chief of staff reopened wounds that the crypto industry thought had healed.The exchange wasn’t just about a governance vote, it was a proxy war for how Washington and Web3 remember 2022, and whether decentralization was ever more than regulatory theater.Amanda Fischer, now at Better Markets after serving as SEC chief of staff under Gensler, fired first.On Nov. 14, she posted that Uniswap’s proposal of consolidating Foundation operations into the for-profit…

The Senate Agriculture Committee released its own discussion draft market structure bill, addressing digital commodities and how the Commodity Futures Trading Commission might oversee that sector of the crypto market.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeWe have a new draft crypto market structure bill! Are we any closer to seeing this bill pass through Congress? Sort of.Why it mattersThe Senate Agriculture Committee publishing a first draft bill text is a key step. The draft as released has a number of parts that…

The EV2 Presale is gaining attention faster than expected, with more than $323,000 raised and over 32 million tokens sold. Its mix of intense gameplay, futuristic storytelling, and real ownership elements is turning heads in the Web3 scene. It already feels like something serious is forming beneath the surface.This growing interest in EV2 comes at a time when traders are searching for clearer signals in the broader market. Many are watching how key assets behave as sentiment shifts. Dogecoin now steps into that spotlight, and its latest price performance is starting to raise important questions among investors looking for stability.Dogecoin Price…

Key takeaways:The spot Solana ETFs have recorded inflows for 13 consecutive days.SOL broke its multi-year uptrend, slipping below a key moving average.Spot Solana (SOL) exchange-traded funds continued to attract investor interest, recording their thirteenth straight day of inflows, underscoring institutional demand for the network’s native asset.According to data from SoSoValue, Solana ETFs added $1.49 million on Thursday, bringing cumulative inflows to $370 million and total assets to over $533 million. The Bitwise Solana ETF (BSOL) was the only one that recorded inflows on Thursday, marking the weakest since its launch on Oct. 28. Solana ETFs inflows. Source: SoSoValueThe weakening SOL…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Sentiment across the cryptocurrency market has sunk to its weakest point since February after a sharp sell-off pushed Bitcoin below the $100,000 psychological support level.  The downturn has fed directly into investor emotions, dragging the Fear & Greed Index to 15, a reading deep within the Extreme Fear zone. The entire crypto market is now down by about 6% in the past 24 hours, creating one of the most emotionally compressed trading environments seen this year. Crypto Fear & Greed Index Plunges To 15 The entire crypto…

$730 million in Ethereum options expired at max pain $3,475, adding pressure to an already three-month losing streak. Ethereum (ETH) slipped again on Thursday as 228,000 ETH options worth about $730 million expired, according to an update from Greeks.live. The token’s drop marks its third straight monthly decline, reflecting a market that has turned sharply negative as volatility expectations flare. A Market Under Pressure Greeks.live’s data revealed that 228,000 Ethereum options contracts expired with a maximum pain point, the price that causes the most options losses, at $3,475. This event coincided with the expiration of $3.95 billion in Bitcoin…

Coinbase warns that banning third-party stablecoin benefits would trigger unprecedented, far-reaching, and unpredictable consequences. Crypto exchange Coinbase has sharply criticized a group of major US banking associations after they urged federal regulators to ban merchant rewards, cashbacks, and discounts offered to customers who pay with stablecoins. The latter argued such perks amount to “indirect interest.” “Unamerican” Power Grab In a post on X, Coinbase chief policy officer Faryar Shirzad called the proposal “unamerican” and warned that it represents an overreach that would stifle competition and block consumers from using their own money as they choose. The dispute centers on…

In brief Bitcoin fell below $95,000 multiple times Friday after losing 7.5% over the week. An analyst told Decrypt that the sell-off appears to be a mid-cycle correction rather than the start of a full-blown bear market, as losses haven’t reached capitulation levels yet. Market uncertainty stems from shifting Federal Reserve expectations, with traders now seeing only a 56.4% chance of unchanged rates in December compared to 94% odds of a cut just a month ago. Bitcoin tumbled below $95,000 on Friday morning and looked like it had stabilized by the early afternoon—but then fell back below that mark again…