Market News

Gamblers have placed almost $900,000 in bets on the “Trump in jail before election day?” market on the predictions application Polymarket.

Hardening government bond yields post a risk to risk assets, including cryptocurrencies, one crypto observer said.

The uptick signals a bullish outlook, according to Wintermute.

The latest price moves in crypto markets in context for May 29, 2024.

JENNER tokens scored over $100 million in trading volume less than 24 hours after going live. But punters are unclear if it’s related to the real Caitlyn Jenner.

The recent surge in PEPE’s value is partly attributed to its use as a levered bet on the growth of the Ethereum ecosystem, with traders anticipating the approval of a spot ether exchange-traded fund (ETF) in the U.S.

Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.

SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be.

The price surge implied that the token could debut with a market cap of over $500 million.

Less than a week after launch, Bitcoin ETFs surpass silver ETFs in assets under management.