⚡ RECAP: Super Bowl LX pushed U.S. prediction market activity to record highs, sending capital rushing in as regulatory scrutiny builds.
Here’s what stood out this week.'/:#🧵
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⚡ Trading giants move in
Jump Trading is reportedly preparing to buy stakes in Kalshi and Polymarket, per Bloomberg.
DraftKings called prediction markets a multibillion-dollar opportunity.
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LATEST: ⚡ SOL treasury firm Solana Company unveiled a new structure to enable institutions to borrow against natively staked SOL that remains in custody, sending its shares higher to close the day up 14.5%.
LATEST: 🇺🇸 US Treasury Secretary Scott Bessent says that passing the CLARITY Act "would give great comfort to the market" amid Bitcoin's price downturn.
LATEST: 📊 Bitcoin price is not done capitulating yet, argues CryptoQuant, which says BTC's ultimate bear market bottom is around $55,000 and may take months to form.
RECAP: 🧵 Binance Alpha pushed higher this week as Extreme Fear hit crypto, new airdrop mechanics launched, and speculation concentrated in a handful of fast-moving tokens.
ETFs were sold, leverage was flushed, but early-stage risk didn’t disappear; it rotated.
Here’s a quick rundown of what defined Alpha this week. 👇
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LATEST: ⚡ Tomasz Stańczak will step down as co-executive director of the Ethereum Foundation at the end of February and be replaced by Bastian Aue, who will join Hsiao-Wei Wang in leading the foundation.