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CZ and Xu Star relive decade-old dispute on X with accusations and $1 billion bet

CZ and Xu Star relive decade-old dispute on X with accusations and $1 billion bet

4 weeks ago by Crypto InsightsCrypto

A long-running dispute between OKX founder Star Xu and Binance founder Changpeng “CZ” Zhao resurfaced Thursday, with Xu calling CZ a “habitual liar” in a series of posts on X that revisit allegations dating back more than a decade. The clash traces back to Zhao’s… Read More

UK’s shortest-serving Chancellor makes bold bitcoin bet

UK’s shortest-serving Chancellor makes bold bitcoin bet

1 month ago by Crypto InsightsCrypto

Kwasi Kwarteng, the UK’s former Chancellor of the Exchequer who served just weeks in September 2022, is re-emerging with a new focus on bitcoin, monetary history, and long-term economic thinking. Reflecting on the infamous mini-budget in an interview with CoinDesk, he was candid about the… Read More

Crypto firms are ditching hundreds of workers to bet the house on AI

Crypto firms are ditching hundreds of workers to bet the house on AI

2 months ago by Crypto InsightsCrypto

The Algorand Foundation on Wednesday joined the ranks of crypto firms slashing headcount, losing 25% of its fewer than 200 employees and citing “the uncertain global macro environment” and a broader crypto downturn. The cuts arrived as a wave of layoffs proliferates across the industry.… Read More

Bitcoin has performed worse than a bet tracking the chance of Jesus Christ returning this year

Bitcoin has performed worse than a bet tracking the chance of Jesus Christ returning this year

3 months ago by Crypto InsightsCrypto

Traders on prediction market Polymarket have doubled the implied odds of the Second Coming of Jesus Christ occurring by year-end, turning one of the platform’s stranger contracts into a better performer than bitcoin. The market, titled “Will Jesus return in 2026,” traded around 4 cents… Read More

BitMine expects $400 million income on ether holdings, bet on MrBeast could '10x'

BitMine expects $400 million income on ether holdings, bet on MrBeast could '10x'

4 months ago by Crypto InsightsCrypto

BitMine Chair Tom Lee told investors that the company could generate over $400 million income on its $13 billion worth of ether holdings, primarily via staking.

BTC Traders Bet on Sub-$80K New Year: Derive

BTC Traders Bet on Sub-$80K New Year: Derive

5 months ago by Crypto InsightsCrypto

Bitcoin BTC$86,563.37 traders are increasingly taking defensive positions, bracing for a potential price drop below $80,000 in the new year. “Skew’s sharp step lower shows traders stacking puts, especially into the December 26 expiry, where open interest has concentrated at the $84K and $80K strikes,”… Read More

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