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- Polymarket Volume Surges Beyond $2 Billion
Polymarket Volume Surges Beyond $2 Billion
📈 Polymarket Surpasses $2B Volume
Polymarket's Record Volume: Polymarket's cumulative volume has exceeded $2 billion, driven significantly by the U.S. presidential betting market. This rise reflects growing interest in betting on real-world outcomes, notably in political events.
Polymarket Token Launch: Recently, reports indicated that Polymarket was considering launching a token. Details of $50M investment round including token warrants allowed investors to buy tokens if launched. Speculation suggests possible airdrops for early users, though no confirmation yet.
Funding and Growth: In May, Polymarket secured $45M from Founders Fund and Vitalik Buterin. Since its 2020 launch, it has allowed users to bet on real-world events using crypto, showcasing a rapid expansion. Read More.
️ On today's Top Picks:
- ⚖️ Do Kwon's extradition delayed again following an appeal.
- 📜 Scroll $SCR to take snapshot on October 19th 00:00 UTC.
- 🌉 Stripe to potentially acquire fintech platform Bridge.
- 🤫 Masa Protocol allegedly failed to disclose a six-figure hack.
Read time: ⏰ 7 minutes
Crypto News
• ⭐️ Polymarket betting volume surges beyond $2b as US Presidential Election market shifts.
• ⭐️ Do Kwon's extradition delayed again by Montenegro Constitutional Court following an appeal.
• Binance executive Tigran Gambaryan's trial postponed; Gambaryan missed scheduled court hearing due to declining health.
• US FBI arrests man behind US SEC social media account compromise; tweeted fake Bitcoin ETF approval.
• FTX’s Nishad Singh asks to be spared from prison citing his cooperation with authorities.
• US SEC approves NYSE options trading on spot Bitcoin ETFs.
• Kraken intoduces $kBTC, an ERC-20 token fully backed 1:1 by Bitcoin held securely by Kraken.
• Worldcoin $WLD rebrands to 'World'; to release Orb 2.0 with fewer parts, better chips, & open-source code.
Alpha
• ethOS launches dGEN1, an 'onchain every-day carry' shipping in Spring 2024; minting live on Base.
• Eclipse launches official bridge; also launches Path of Discovery commemorative NFT mint.
• Aptos launches commemorative Aptos TWO Mainnet Anniversary 2024 NFT mint.
• Karak introduces Karak V2 Mainnet; launches Phase 1 of V2 Mainnet.
• Union hints at potential snapshot ahead of Mainnet launch.
• Portal posts "...testnet soon" on X.
• Ostium Mainnet launches for everyone; no access code necessary.
• Debank launches Ethena $ENA Airdrop Hunter Web3 Badge.
Airdrops
• ⭐️ Scroll $SCR to take snapshot on October 19th 00:00 UTC.
• WalletConnect $WCT Airdrop registration closes; eligibility & claim to be released in November.
• deBridge launches $DBR Airdrop claim.
• Mode launches $MODE Season 2 Airdrop claim.
• Infinex launches GP Migration Tool enabling users to claim $XGP.
• ICYMI Tea Protocol Airdrop Strategy by Earndrop.
• Lombard Finance Airdrop Guide by mztacat.
Finance News
• BRICS to use digital currencies for investments.
• Morgan Stanley $MS discloses $272m of Bitcoin ETF holdings.
• ⭐️ Stripe to potentially acquire fintech platform Bridge.
• Robinhood $HOOD to offer futures trading & index options.
• DBS Bank introduces DBS Token Services; integrates tokenization & smart contract-enabled capabilities.
• Berkshire Hathaway sells an additional ~$370m of Bank of America $BAC shares.
• K Bank withdraws $700m IPO due to weak demand; to restart next year.
• China's Cyberspace Security Association calls for investigation into Intel's $INTC products due to security vulnerabilities & reliability issues.
• Tesla $TSLA selects Omead Afshar to lead North America & Europe operations.
Security and Exploits
• ⭐️ ZachXBT alleges Masa failed to disclose a six-figure hack from September & potentially covered it up as an 'upgrade'.
• Tapioca DAO $TAP vesting contract compromised; ~$4.4m of $ETH & $USDC stolen.
• donnoh.eth highlights multisig threshold for several Ethereum L2's following Radiant exploit.
• EigenLayer X Account compromised; hacker posts phishing links.
• Ambient Finance website domain was temporarily hijacked; domain has since been recovered.
• BlockSec releases dataset on Web3 phishing website detection containing ~26k phishing URLs.
• Linux users with latest generation of Intel & AMD CPUs are vulnerable to new speculative execution attacks.
• MacOS vulnerability 'HM Surf' discovered; enables unauthorized access to protected data.
• Verizon allegedly suffers data breach exposing sensitive user data.
Token Unlocks
• Starknet $STRK / ~$28m / OCT 15
• Eigenlayer $EIGEN / ~$40m / OCT 15
• Ethena $ENA / ~$5m / OCT 16
• Arbitrum $ARB / ~$52m / OCT 16
• Cardano $ADA / ~$6m / OCT 17
• Echelon Prime $PRIME / ~$7m / OCT 17
• Bitget $BGB / ~$6m / OCT 17
• ApeCoin $APE / ~$11m / OCT 17
• Pixels $PIXEL / ~$8m / OCT 19
Funding
• Yellow Card raises $33m in Series C funding led by Blockchain Capital.
• zkPass raises $12.5m in Series A funding.
• Drop raises $4m in Seed funding led by CoinFund.
• Plasma raises $3.5m in funding led by Bitfinex.
• Hyve raises $1.85m in Pre-Seed funding led by Lemniscap.
• Surge raises $1.8m in Pre-Seed funding.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
Tangible Arcana (Re.al) | ARCUSD | 28.58% |
Pendle (Ethereum) | SYRUPUSDC | 27.10% |
Notional V3 (Ethereum) | NUSDC | 22.83% |
Indigo (Cardano) | IUSD | 19.70% |
Anzen V2 (Ethereum) | SUSDZ | 18.67% |
Toros (Optimism) | USDY | 17.83% |
MIM Swap (Arbitrum) | MIMUSDT | 17.72% |
Aerodrome V1 (Base) | USDZUSDC | 17.17% |
⚫️ Linea zkEVM by Consensys |
Linea: Linea is an Ethereum Layer 2 bootstrapped by Consensys that has amassed nearly $500m in TVL and features dapps such as Zeroland, Kelp, Mitosis, and many more. Linea is currently in Phase 1 of the Decentralization Roadmap with Phase 2 coming soon.
LXP Points: By using Linea and the dapps on it, users can farm LXP Points. Nearly 90b points have been distributed to users so far. While there's no guarantee that these will be converted to $LINEA tokens, the hints are there.
💳 MetaMask Card: MetaMask, Mastercard, and Baanx have recently partnered to launch the MetaMask Card that enables direct spending from your MetaMask wallet. MetaMask Card utilizes Mastercard's global merchant network, combined with the security of MetaMask and the efficiency of Linea secured by the Ethereum network.
That’s it for today’s edition! See you soon.
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