Crypto News
Bettors Lose Millions Predicting the New Pope as Polymarket Edge Fizzles Out
Bettors on crypto prediction platform Polymarket have, in recent months, developed an enviable reputation for beating the bookies.So it came as a surprise on Thursday when they got the outcome of the papal conclave very wrong indeed.Winner Robert Francis Prevost wasn’t among the favorites, with bettors only giving the US-born cardinal around a 1% chance of succeeding Pope Francis ahead of the result.Polymarket bettors, like traditional betting markets, gave Cardinal Pietro Parolin the highest odds, at 28%.With over $28 million of bets placed on candidates other than Prevost, the result was a total wipeout for many bettors.The event throws into question the perceived heightened accuracy of betting markets like Poymarket over conventional polls.Polymarket lets users bet on the outcomes of...
$275K by 2026: Can Rainbow Bands and S2F Predict Bitcoin’s Future?
With bitcoin reaching fresh peaks, analysts are consulting a variety of charting tools to anticipate the trajectory of the leading digital currency. Among these are the well‑known Rainbow chart and the stock‑to‑flow (S2F) model. The following analysis examines BTC’s present price through the lens of these two frameworks. Bitcoin Models Point to Explosive Growth —Source link
CoinDesk 20 Performance Update: Uniswap (UNI) Surges 13.5% as Index Trades Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3138.72, up 6.0% (+178.07) since 4 p.m. ET on Thursday.Nineteen of assets are trading higher.Leaders: UNI (+13.5%) and NEAR (+11.7%).Laggards: BCH (-0.6%) and POL (+1.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Inferno Drainer Malware Returns, Stealing $9M from Crypto Wallets in Six Months
One of the most sophisticated crypto drainers has resurfaced in a malware campaign targeting Discord users.Source link
EVM on TON: TAC Founder Marco Monaco and the Future of Interoperability
TAC is a purpose-built blockchain for EVM dApps to access TON and Telegram Ecosystem’s 1B+ user base. TAC makes it seamless for Ethereum dApps to be deployed on TON. EVM functionality and liquidity brought to the TON ecosystem enable builders to focus on consumer use cases. Marco Monaco, Co-Founder and Growth Lead at TAC, recentlySource link