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Analysis: Prediction Markets Have a Gambling Problem

Prediction markets aren’t gambling because the house doesn’t always win. Academics get it, but regulators around the world have differing opinions – and Polymarket is feeling the heat.

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Coinbase’s Layer 2 System Base Gets a Marketplace Linked to Gas Revenue

Dragonfly-backed startup Alkimiya unveils a DeFi market for betting on the price of blockspace on the Base rollup.

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Bitcoin Bull Tom Lee Sees BTC Reaching as High as $250K by Year-End

Fundstrat’s head of research, Tom Lee, calls for a potential short-term drawdown but remains bullish regarding the end-of-year target.

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One of Italy’s Largest Bank Buys $1M Worth of Bitcoin: Report

Banking giant Intesa Sanpaolo, which has a market cap of $73 billion, has made its first crypto purchase.

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Middle East-Based Sigma Capital Unveils $100M Fund to Accelerate Web3 Innovations

The fund will focus on DeFi, tokenization, and blockchain infrastructure by managing a portfolio of liquid tokens

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Options Tied to BlackRock’s Bitcoin ETF Surge to Nearly 50% of Deribit’s BTC Open Interest in Two Months

Options linked to BlackRock’s spot bitcoin ETF (IBIT) began trading on Nov. 19 and have since grown to half the size of Deribit’s BTC options market.

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Company Behind Illicit $24B Telegram Marketplaces Launches Stablecoin

Huione’s stablecoin is “not restricted” by regulatory agencies.

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Binance.US Chief: The SEC Called Us a Cauldron of Fraud, Without Any Evidence

The debanking of Binance.US is Operation Chokepoint in action, said the exchange’s interim CEO Norman Reed.

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Crypto Bank Sygnum Gets Unicorn Status With $58M Round

The Zug and Singapore-based lender closed the oversubscribed “strategic growth round,” which was led by BTC-focused venture capital firm Fulgar Ventures

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Is Bitcoin Bottom In? BTC’s Price Action is Inverse of December Peak Above $108K

BTC’s latest price action seems to contrast sharply with the uptrend exhaustion observed at record highs above $108K in mid-December.

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