Quick Summary: Bitcoin drops to around $69,340, pushing the Crypto Fear and Greed Index back into ‘Extreme Fear’ after a brief rally above $75,000 earlier this week. Bitcoin is trading near $69,340 on Thursday, according to CoinGecko, down roughly 3% in the past 24 hours after briefly surpassing $75,000 on Monday. The retreat has pushed sentiment on Alternative.me’s Crypto Fear and Greed Index back into “Extreme Fear,” a reading that factors in social media activity, trading volumes, and volatility.Participants on Myriad, a prediction market operated by Decrypt’s parent company, assign 59% odds that the index climbs to a “Neutral” value…
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Quick Summary: Myriad has closed a seed funding round backed by MoonPay, Walrus, and Fundstrat co-founder Tom Lee to expand its prediction market platform. Prediction market Myriad has completed a seed investment round featuring participation from firms including MoonPay Ventures, Walrus, Verda Ventures, Auros, and Wave Financial, alongside individual backers such as Fundstrat co-founder Tom Lee and Pudgy Penguins CEO Luca Netz. Co-founder and COO Ilan Hazan noted the new investors join a cap table that already includes ConsenSys, HashKey Capital, and Hack VC.The capital will fund product development, liquidity improvements, and market expansion, according to CEO Loxley Fernandes. Myriad…
Quick Summary: Companies House is dissolving Zedxion Exchange Ltd., a crypto platform accused of processing $1 billion in funds tied to Iran’s Revolutionary Guard. Companies House, the UK’s corporate registry, has initiated proceedings to dissolve Zedxion Exchange Ltd., a cryptocurrency platform previously sanctioned by the US Treasury’s Office of Foreign Assets Control in January for allegedly helping Iran evade international sanctions. The registry cited misleading or false information submitted during incorporation as grounds for the action.Investigators found that Zedxion’s listed director, Elizabeth Newman, described as a Dominican national, was likely a fictitious identity, with the company reportedly using a stock…
Quick Summary: Major League Baseball has named Polymarket its exclusive prediction market partner and signed an integrity MOU with the CFTC to oversee baseball-related markets. Major League Baseball has selected Polymarket as its exclusive official prediction market partner, granting the platform access to MLB branding, official data via Sportradar, and exposure across league channels. The multi-year agreement follows similar deals struck by the National Hockey League and Major League Soccer with prediction market platforms.MLB Commissioner Robert Manfred also signed a memorandum of understanding with the Commodity Futures Trading Commission, creating a formal channel for confidential information-sharing to protect the integrity…
Quick Summary: BlackRock’s iShares Staked Ethereum Trust has accumulated $254 million in assets under management just one week after its Nasdaq debut. BlackRock’s iShares Staked Ethereum Trust (ticker: ETHB) has grown to $254 million in assets under management since launching on Nasdaq on March 12. Investors have added $146 million in new shares on top of the more than $100 million seeded by BlackRock Financial Management at inception.The fund stakes between 70% and 95% of its Ethereum holdings, returning 82% of staking rewards to investors through monthly payments. Validators include Figment, Galaxy Blockchain Infrastructure, and Attestant. ETHB carries a 0.25%…
Quick Summary: The World Gold Council has unveiled a ‘Gold as a Service’ framework to standardize custody and issuance for gold-backed digital tokens. The World Gold Council has released a white paper, co-authored with Boston Consulting Group, proposing a shared platform for companies that issue gold-backed digital tokens. The framework, called Gold as a Service, would allow token issuers to access a common network for managing physical gold reserves rather than building their own custody arrangements independently.The initiative aims to improve confidence in tokenized gold through continuous audits and greater fungibility across products. Current market leaders Paxos and Tether have…
Quick Summary: Researchers in Australia have created a quantum battery prototype that charges faster as it grows larger, defying conventional battery physics. Scientists at CSIRO, RMIT University, and the University of Melbourne have unveiled the world’s first functional quantum battery prototype. The device charges, stores, and releases energy using quantum physics rather than chemistry, with findings published in Nature Light: Science & Applications.The prototype is a small layered wafer of organic materials charged wirelessly by a laser pulse lasting femtoseconds — a quadrillionth of a second. It then holds energy for nanoseconds, a gap that scales dramatically. Lead researcher James…
Quick Summary: A Coinbase Commerce page prompting users to enter seed phrases has raised phishing concerns among blockchain security researchers. Coinbase is facing scrutiny after a page linked to its Commerce product appeared to ask users to input plaintext wallet recovery phrases. Yu Xian, founder of blockchain security platform SlowMist, flagged the issue on X, calling the practice insecure and puzzling given the risks involved.Recovery phrases grant full control over self-custody wallets and should never be shared with third parties or entered on untrusted sites. Blockchain investigator ZachXBT noted the page was referenced in a Coinbase Help guide, which has…
Quick Summary: Opera has proposed replacing its cash-based Celo payments with 160 million CELO tokens, pending approval from the network’s onchain governance community. Opera, a Nasdaq-listed browser company, has proposed restructuring its commercial agreement with the Celo ecosystem, replacing US dollar quarterly payments with an allocation of 160 million CELO tokens. The change requires approval from Celo’s onchain governance community and would make Opera one of the network’s largest institutional token holders.Celo is an Ethereum-aligned protocol targeting mobile-first stablecoin payments in emerging markets. It transitioned from a standalone layer-1 blockchain to an Ethereum layer-2 network last year. Opera has partnered…
Quick Summary: Major League Baseball has partnered with prediction platform Polymarket and signed an integrity agreement with the CFTC to oversee the growing prediction market space. Major League Baseball has announced two separate agreements aimed at managing its presence in prediction markets. The league signed a memorandum of understanding with Commodity Futures Trading Commission Chair Michael Selig and named Polymarket as its Official Prediction Market Exchange. Commissioner Robert Manfred described the deals as necessary steps in managing the rapidly growing sector.The announcements come as federal and state lawmakers scrutinize prediction market platforms. Congress has proposed legislation targeting Polymarket over bets…
