Crypto News

Powell made the remarks on Wednesday during his second day of testimony before the U.S. Senate’s Committee on Banking, Housing, and Urban Affairs. Bitcoin Rises as Powell Acknowledges Crypto’s Mainstream Adoption U.S. Federal Reserve Chairman Jerome Powell was on the hot seat for the second day in a row, this time in front of theSource link

Prediction market Kalshi, a federally regulated competitor to Polymarket, has raised more than $100 million at a valuation of $1 billion, according to a report from Bloomberg.This comes less than a day after reports emerged that Polymarket was raising $200 million at the same unicorn valuation, led by Peter Thiel's Founders Fund.Publicly available data from Kalshi's API curated by Polymarket Analytics (not affiliated with Polymarket) shows that Kalshi has around $113 million in current active trading volume across all open markets, while Polymarket has just under $600 million.Kalshi now hosts more active markets than Polymarket, but remains behind in open interest, a key metric that reflects liquidity and trader conviction in prediction markets.A Dune dashboard shows that Polymarket has around...

Bitcoin Cash breaks key resistance amid renewed demand while Cardano tests critical support levels in sideways market conditions.Source link

Ethereum faces widespread perception as a network in crisis. It has been characterized as a platform plagued by governance upheaval, community fragmentation, and high gas fees. Additionally, Ethereum receives a lot of criticism for its slow performance, which lags behind Bitcoin's institutional appeal and Solana's speculative excitement.This narrative misses Ethereum’s central purpose and strategy. Both of which are driven by deliberate decentralized innovation, which is now beginning to pay off.Ethereum’s “Identity Crisis”Ethereum has chosen the more difficult but ultimately more sustainable path. This is based on the fact that it has maintained functional governance, which enables continued technical advancement. It also preserves credible decentralization, creating competitive advantages that neither pure stability nor pure speed can replicate. This positions Ethereum as...

UK web company's Bitcoin strategy delivers 6,400% stock gains, sparking copycat wave as CEO claims "most successful IPO in UK history."Source link