562 Million in Crypto Longs Fell on a PPI Print That Matched Forecast
August wholesale prices rose 0.4 percent, right on forecast, but the 5.4 percent annual PPI headline drove 562 million dollars in crypto liquidations.
August wholesale prices rose 0.4 percent, right on forecast, but the 5.4 percent annual PPI headline drove 562 million dollars in crypto liquidations.
Polymarket gives the CLARITY Act a 14.5% chance of becoming law in 2026 even as the Senate schedules a September 15 cloture vote and whales bet against it.
Polymarket raised $1 billion at a $21 billion valuation led by Trump Jr.'s 1789 Capital, up from $8 billion last year, with no audited books released.
The SEC scrapped its own crypto vote and the Senate punted the CLARITY Act to a September cloture clock. Polymarket now prices 2026 passage near 21%.
New York's petition against Kalshi lists $36 billion at minimum, more than the entire on-chain World Cup prediction market. The CFTC filed first.
Vietnam fines unlicensed crypto trading from September 1, 2026. Not one local exchange holds a license yet, and the retail figure is disputed.
Bitcoin clung to $62,500 in extreme fear, but the day's real moves were elsewhere: the CLARITY Act hit political risk, Wall Street pushed into prediction markets, and Binance faced a June 30 EU deadline.
ICE, owner of the NYSE, and crypto exchange OKX launched a 50-50 venture, led by Andrew Cuomo, to give 120 million users access to ICE futures and tokenized NYSE stocks. Wall Street is now building the rails itself.
Kalshi's annualized revenue crossed $2 billion, triple its November mark, and it is in early talks with banks about an IPO. The catch: the regulated status driving the bull case is the same one under attack in court.
Kentucky sued Kalshi and Polymarket as illegal sportsbooks on June 17, the same day a Michigan judge ruled sports prediction markets aren't under the CFTC, denting the industry's federal shield.
Crypto built a $557M shadow market for SpaceX before its Nasdaq debut, pricing it above the IPO. Then the tokenized shares fell apart on Binance, Bybit and Bitget.
The $11 billion prediction market operator walks into crypto perpetuals through a CFTC door that Coinbase and Robinhood still cannot open. Polymarket beat it to market by six days.
A new Bitget Wallet and Polymarket report shows monthly prediction market volume hit $25.7 billion in March, up from $1.9 billion a year earlier. Retail users drove over 80% of the activity, and the average user is now active four times more often than they were three months ago.
Attorney General Letitia James wants triple damages, customer restitution, and a ban on under-21 wagering. Coinbase stock fell 6% as the lawsuit landed.
Polymarket hired Chainalysis on April 30 to build an onchain anomaly detection system, days after a U.S. Green Beret pleaded not guilty to a $400,000 insider bet. A new ACDC report shows military markets win at four times the normal longshot rate.
The sector dropped 66% from March's record. But the real story is who grabbed the crown while everyone was looking the other way.
Polymarket is the largest decentralized prediction market by trading volume and the platform that turned event-based betting into one of the most watched corners of crypto. The coverage here tracks what matters: volume and open interest on major markets covering elections, geopolitics, court rulings, sports, and macro events, regulatory positioning as the platform navigates CFTC, state gambling regulators, and international jurisdictions with different stances on prediction markets, partnership and listing deals bringing Polymarket access into mainstream platforms like X, the oracle and resolution disputes that occasionally turn into community fights when contested events have ambiguous outcomes, the large position trackers who occasionally turn small bets into life-changing returns when events resolve in their favor, and the USDC integration that makes the platform accessible to anyone with a wallet. Polymarket has become a reference price for political events. Newsrooms cite it. Hedge funds watch it. Politicians complain about it. The platform’s predictions occasionally beat traditional polling by significant margins, which has accelerated both adoption and regulatory scrutiny. Coinliva covers the trades that moved markets, the regulatory battles, the partnership announcements, and the broader debate over whether prediction markets actually price information better than the systems they are starting to displace.