Most Americans polled oppose betting on elections: Reuters
The prediction market industry enables people to bet on US elections and sporting events. Source:Cointelegraph
Bitcoin’s $100,000 year-end hope divides analysts as inflation clouds outlook
Bitwise sees a potential return above $100,000, while LO:TECH expects a narrower trading range as interestrate uncertainty weighs on the market. Source:CoinDesk
Crypto audits give investors false sense of security as Q3 hacks cost $1.18 billion, Hacken says
The security firm found that 77% of thirdquarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews.…
Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
Privatesector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value.…
Chinese suspect in $75M international crime network arrested in Bangkok
Police alleged the suspect was involved in cryptocurrency and foreigncurrency exchanges for criminal groups across more than 133 accounts. Source:Cointelegraph
Chip-stock bets lost $52 million in 10 minutes with Wall Street shut
A 10minute flush hit roundtheclock chipstock contracts while U.S. markets were shut, leaving traders with no real share price to lean on. Source:CoinDesk
Circle defends USDC economics as stablecoin rivals court its partners with bigger cut
Coinbase, Circle’s largest USDC partner, also backs Open USD, a rival network that passes reserve income to partners after a management fee. Source:CoinDesk
Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat
The largest banks in the world are eyeing new trading opportunities, speeding up payments and a role for advisers as tokenization takes root in Wall Street.…
Citrini sees a tokenization boom. The harder question is who profits
The influential research firm says realworld assets could finally give blockchains a clear role in finance. For investors, the next challenge is figuring out…
Polygon sees Coinme acquisition as entry to payments sector dominated by Visa, Stripe
CEO Marc Boiron said the Coinme acquisition will help Polygon control customer relationships and capture revenue that previously went to payment…
Banks could slow stablecoin growth by paying savers more, BIS paper finds
A BIS working paper found a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting tenweek growth from 15% to 12%.…
It was another great week for the average stock as market leadership shifts away from tech
The S&P 500’s tech sector just had its worst week in a year and a half, while an equalweighted version of the index cemented a secondstraight weekly advance.…