Here’s Why Starknet (STRK) Price Is Pumping Today

The post Let insiders trade – Blockworks appeared on BitcoinEthereumNews.com. This is a segment from The Breakdown newsletter. To read more editions, subscribe ​​“The most valuable commodity I know of is information.” — Gordon Gekko, Wall Street Ten months ago, FBI agents raided Shayne Coplan’s Manhattan apartment, ostensibly in search of evidence that the prediction market he founded, Polymarket, had illegally allowed US residents to place bets on the US election. Two weeks ago, the CFTC gave Polymarket the green light to allow those very same US residents to place bets on whatever they like. This is quite the turn of events — and it’s not just about elections or politics. With its US government seal of approval in hand, Polymarket is reportedly raising capital at a valuation of $9 billion — a reflection of the growing belief that prediction markets will be used for much more than betting on elections once every four years. Instead, proponents say prediction markets can provide a real service to the world by providing it with better information about nearly everything. I think they might, too — but only if insiders are free to participate. Yesterday, for example, Polymarket announced new betting markets on company earnings reports, with a promise that it would improve the information that investors have to work with.  Instead of waiting three months to find out how a company is faring, investors could simply watch the odds on Polymarket.  If the probability of an earnings beat is rising, for example, investors would know at a glance that things are going well. But that will only happen if enough of the people betting actually know how things are going. Relying on the wisdom of crowds to magically discern how a business is doing won’t add much incremental knowledge to the world; everyone’s guesses are unlikely to average out to the truth. If…

The post Steak ’n Shake Takes Bitcoin Spirit Global With Bold El Salvador Push appeared on BitcoinEthereumNews.com. Steak ’n Shake Takes Bitcoin Spirit Global With Bold El Salvador Push Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he’s a cook and cinephile who’s constantly intrigued by the size of the universe. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/steak-n-shake-takes-bitcoin-appetite-global-with-bold-el-salvador-push/

PANews reported on November 16th that Tom Lee, Chairman of the Board of BitMine, an Ethereum treasury company, posted on the X platform that the current cryptocurrency market downturn has exposed many problems, such as: one or two market makers with significant balance sheet vulnerabilities, and a group of sharks poised to trigger a Bitcoin price crash/sell-off. However, the pain caused by these problems will not last long and will not change Wall Street's goal of building an "ETH supercycle." But now is not the time to use leverage, as it is easy to get trapped. Furthermore, in response to a community user's question about when the market maker balance sheet issue could be resolved, Tom Lee stated that it seems it will take 6-8 weeks.