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Prediction markets don’t trust election survey polls; Favor Trump over Harris

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Prediction markets have become popular during this presidential election year in 2024, especially after implementing cryptocurrency payments via Circle’s USDC. Deemed more trusted than the legacy media survey polls, prediction markets have been the go-to place for US election insights. These platforms provide universal access with “skin in the game” rather than opinion surveys or simulations, leveraging financial incentives for accuracy. Interestingly, the prediction markets apparently do not trust the survey polls – which mostly favor a Kamala Harris victory – favoring a Donald Trump victory instead, although by a narrow margin. For that, on November 3, Finbold retrieved data from Polymarket and Kalshi, the two most popular prediction markets by financial volume. Picks for you AI predicts Solana price for year-end  ...

Solana Price Prediction: SOL Drops 2%, As Traders Flock This 2.0 SHIB ICO For Parabolic Gains

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The Solana price dropped 2% in the last 24 hours to trade at $143 as of 4.45 a.m. EST on trading volume that surged 31% to $2.7 billion. Solana has been quite busy lately establishing various partnerships and collaborating on a number of different projects, especially in the PayFi sector. The most recent one seems to be its partnership with Selecta, which allows users to easily locate smart fridges as they travel, allowing them to make a quick pitstop and make purchases using USDC. Every second counts ft. @enjoyselecta 🇫🇷 Need to make a pitstop? Selecta smart fridges accepting USDC are waiting for you. They're new to Solana and X — give them a follow! pic.twitter.com/qJP4hbnoIW — Solana (@solana) August 14, 2024 Yesterday, August 14, Solana announced that Selecta has activated six smart fridges in Paris, and more than 20 additional locations in other parts of France, allowing users to buy snacks or drinks with USDC on Solana. Today, Selecta has act...

Coinbase to charge fees on USDC to USD conversions

Cryptocurrency exchange Coinbase will charge a fee for converting the stablecoin USD Coin (USDC) into USD. According to a Jan. 29 post on the exchange’s website, the cryptocurrency platform will charge a fee when institutional clients make net USDC to USD conversion s over $75 million “over a rolling 30-day period.” Conversions between $75 million and $150 million are subject to a 0.1% fee, while transactions between $150 million and $500 million are subject to a 0.15% fee. The exchange team emphasized that there will be a 0.2% fee for converting USDC into US dollars worth more than $500 million. “Coinbase Prime clients with over $500 million of assets on the platform or holding on average $100 million in USD/USDC over a calendar month are exempt from USDC Conversion Fees.” Coinbase team Additionally, Coinbase exchange liquidity program participants “who meet Tier 1 or Tier 2 requirements” will have USDC conversion fees waived wheneve...

Voyager Dumps Shiba Inu, Ethereum: Selling $100M Assets Weekly

Voyager has been selling assets at a fast pace over the past few days. Watcher Guru reported several such transfers by analyzing blockchain transactions. Now, on-chain data by Arkham revealed that Voyager is currently selling its assets at a rate of $100 million per week. Furthermore, the blockchain intelligence platform noted, “Currently they hold almost $700M in two very large wallets.” As illustrated below, the crypto broking platform’s top holdings include Ethereum [worth $268 million], USDC [$236 million], and Shiba Inu [worth $77 million]. It also owns 148.4 million VGX tokens worth approximately $63 million. Other holdings include LINK [around $13 million], FTM [worth $5.5 million], and APE [worth $5 million]. Voyager continuing to sell assets at a rate of around $100M/week. Currently they hold almost $700M in two very large wallets. Their top holdings: $268M ETH $236M USDC $77M SHIB pic.twitter.com/ZtTQSVJLrJ — Arkham (@ArkhamIntel) February ...