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The Protocol: Crypto Fundraising, Job Losses, Juicy Payouts, Grants for Devs
In this week's issue of The Protocol, our newsletter on blockchain tech, we're covering the Optimism's $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers, and Polymarket's (negligible) impact on Polygon's bottom line.Source link
Institutional Investors Position for Bitcoin Volatility Into the U.S. Election
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.Source link
Degens Are Searching for Further Leverage on MicroStrategy and Winning Massively
The T-REX 2X long MSTR Daily Target ETF (MSTU) has rallied 235% since its introduction six weeks ago, an annualized equivalent return of 57,000%, according to Bloomberg analysis.Source link
Fortune Claims Polymarket Is ‘Rife’ With Wash Trading
As much as a third of the prediction market's volume is inflated by traders buying and selling the same shares repeatedly, Fortune reported, citing blockchain researchers. They could be doing it to farm a future airdropped token.Source link
Venn Network Aims to Solve DeFi’s Hacking Problem With More Decentralized Tech
Creator Or Dadosh says Venn creates a "completely new economy" for crypto security.Source link