Author: Vickie Helm

DraftKings, the American sports betting platform, uses Polymarket as a clearing house for its new prediction market, an industry with over $4 billion in monthly trading volume.”Congratulations to DraftKings on their acquisition of Railbird. We are proud to have Polymarket Clearing as their designated clearing house as they enter the prediction markets space,” Polymarket CEO Shayne Coplan said in an X post on Wednesday.Railbird, a Commodity Futures Trading Commission-regulated prediction market platform, was acquired by DraftKings on Tuesday for an undisclosed amount.Polymarket’s clearinghouse is necessary to verify transactions, hold collateral, ensure all bets and contracts are settled fairly and securely,…

This event is open to everyone from startup teams to individual creators. The hackathon will run until February 7, 2026. The winning participant will receive a prize of $150,000. Blockchain network Mantle has officially held its first-ever global hackathon, inviting creators and developers to build innovative blockchain solutions in a five-month online competition. The event begins today, October 22nd, and runs until February 7th next year, with incentives of up to $150,000 offered to winning projects. Introducing the Mantle Global Hackathon — it’s happening now! – Global, online and open to all– $150,000 in prizes and rewards– Over 6 tracks,…

Britain’s inflation rate remains high at 3.8%, and the Bank of England remains cautious about cutting interest rates. What does it mean for cryptocurrencies? summary Britain’s inflation rate remained at 3.8% in September, well above the BoE’s 2% target, and expectations for a rate cut remain unchanged. Global factors such as US inflation, government shutdowns, and supply chain disruptions are adding to market uncertainty. In this economic environment, Bitcoin may see an influx of safe-haven assets, but smaller altcoins remain vulnerable to sudden declines. UK inflation rate remains stable at 3.8% despite mixed price trends The UK’s annual inflation rate…

Important points Kadena’s operating company has suspended all business and network operations due to the deteriorating market environment. The project’s native token fell by 50% following the closure announcement. Share this article Kadena’s operating company announced today that it would immediately cease all business operations and cease maintaining the Kadena blockchain network, resulting in the project’s native tokens dropping 50% within hours of the news.The company cited unfavorable market conditions as the main reason for the closure, leaving only a small in-house team to manage the transition process. This decision will result in an abrupt end to Kadena’s network maintenance…

The interoperability platform releases 25.71 million coins today. Traders are bracing for potential volatility from the influx of liquidity. ZRO is trading above the key support zone at $1.50. Cryptocurrencies rebounded on Monday, with the value of all digital currencies surging 3% in the past 24 hours to $3.74 trillion. Amid the optimism, LayerZero’s ZRO remained relatively unchanged, trading at $1.71, up just 0.56% in this time frame. ZRO’s poor performance comes as the community prepares for today’s large coin release. According to Tokenomist data, the interoperability protocol is expected to unlock 25.71 million tokens worth approximately $43.7 million today.…

FLOKI lost momentum after the Musk-induced rally. More than 270 million Shiba Inu tokens were leaked from cryptocurrency exchanges in the past 24 hours. The meme coin market remained stable over the past 24 hours. The digital asset plunged again on Thursday, with Bitcoin dropping more than 2.5% a day earlier to $108,200. Meanwhile, the memecoin market traded flat on Tuesday. The market capitalization of meme coins still exceeded $60 billion. FLOKI sinks after Musk-led rise Tesla CEO Elon Musk stirred up the cryptocurrency market on Monday when he shared a post announcing that his pet Shiba dog Floki will…

October 10th was no ordinary day in the crypto industry. That’s right, Donald Trump “retaliated” after China announced new plans to curb exports of rare earth metals. Truth Social, X, that’s typical Trump. The president will not be afraid to show how powerful America is. The truth of the matter is that the new news on China tariffs was not expected to force a huge drop on that thin Friday night. A -10% drop in Bitcoin would be extreme. But on October 10th, things quickly went from bad to worse, with the world’s most valuable coin plummeting from more than…

He praised Polygon and founder Nailwal’s contributions to Ethereum’s scalability. Buterin highlighted Polygon’s early leadership in zero-knowledge technology. Nailwal has been involved in various humanitarian efforts, including funding Balvi’s pandemic research. The crypto market remains depressed as Bitcoin fundamentals continue to weaken. Amid uncertainty, Vitalik Buterin publicly praised Polygon and its founder Sandeep Nailwal for their outstanding contributions to Ethereum expansion. Mr. Buterin commented on Polygon’s technological advances, particularly its initial investment in zero-knowledge EVM (Ethereum Virtual Machine) development. He further praised Neilwal’s humanitarian efforts that combine health initiatives with blockchain development. We really appreciate both Sandeep Nailwal’s personal contribution…

Eli Ben Sasson, co-founder and CEO of blockchain company StarkWare, said corporate-created and managed blockchains will eventually disappear because users don’t want chains managed by a central authority.Ben Sasson said in a post on X on Monday that he further strengthens his opinion that “corp” chains will not survive because they are not consistent with the core concept of blockchain, which is that they need to be “de-centered.”“A key element of a blockchain is a system that eliminates a central entity, which is costly. It is a very complex technology, difficult to build and difficult to use. Even if you…

Bitcoin’s recent fall below $104,000 sent the market into “extreme fear” territory for the first time since April. Bitcoin (BTC) weakened significantly over the weekend, zigzagging between $116,000 and $108,000 for several days before falling below $104,000 on Friday, October 17th. The decline has sent markets into “extreme fear” for the first time since April, leading many observers to speculate on how long the bullish cycle will last, with some warning of more losses. A dangerous line in the sand In his “Big Sunday Report,” crypto trader Dr. Proffitt told X’s more than 439,000 followers that he should have used…