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bitmonkcrypto

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Prediction markets are becoming serious business 👀
Coinbase's Q3 results reveal:
- Over $200M in annualized prediction-market revenue
- Daily traders up more than 60% QoQ
- Revenue growing at an 82% quarterly compound rate since launch
All while the broader crypto trading market was slowing.
People are finding new reasons to trade, even when crypto prices aren't doing much.
#Trading #PredictionMarkets #Polymarket
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COIN-10.68%
ETH ETFs had a rough finish to October 😬
US-listed spot ETH funds recorded roughly $431 million in net outflows last week, with withdrawals on all five trading days.
Friday alone accounted for nearly $156 million.
That's a pretty weak stretch for institutional #ETH fund demand.
#ETF #Ethereum #RWA
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ETH-4.39%
RWA-0.39%
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Zcash is about to get a lot faster ⚡️
The upcoming NU7 upgrade will reduce target block times from 75 seconds to 25 seconds.
That's roughly 3x faster for the first confirmation, while the rate of new ZEC issuance stays unchanged.
Mainnet activation is expected around November 5–6.
$ZCash #Privacy #DeFi
ZEC+1.16%
Stablecoins can move money across borders on a Sunday. Is that real progress? Yes, but..
for someone who needs local currency, the cost of cashing out can swallow the benefit of a cheap transfer.
$HYPE is rallying. Can it handle the next unlock?
One of the few major alts showing real strength this week is HYPE.
Up roughly 15% over seven days while the broader crypto market is down.
But November 6 brings another test: approximately 9.9 million HYPE scheduled to unlock for core contributors.
An unlock doesn't automatically mean selling. How buyers absorb any additional supply will be worth watching after such a strong week.
HYPE+0.24%
Polygon helping businesses move money on Solana.
A few years ago, that would've sounded pretty unlikely.
Nice to see old rivalries give way when there's something useful to build.
SOL-0.77%
Friday is done! 😌
Logging off and enjoying the moment.
Hope everyone's having a nice start to the weekend!
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I used to be much more social.
These days, I talk to AI more than I talk to people 😅
Not sure if that's a good thing or a bad thing.
Anyone else doing the same?
Applying a 𝙢𝙤𝙣𝙠'𝙨 𝙥𝙝𝙞𝙡𝙤𝙨𝙤𝙥𝙝𝙮 to Crypto sharpens our judgment, strengthens our character and transforms the way we approach opportunities.
- 𝗪𝗶𝘀𝗱𝗼𝗺 to understand before acting.
- 𝗣𝗮𝘁𝗶𝗲𝗻𝗰𝗲 to wait for the right opportunities.
- 𝗗𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲 to follow a plan, even when emotions take over.
- 𝗜𝗻𝗻𝗲𝗿 𝗽𝗲𝗮𝗰𝗲 to stay calm through volatility.
- 𝗦𝗶𝗺𝗽𝗹𝗶𝗰𝗶𝘁𝘆 to focus on what matters and ignore the noise.
- 𝗖𝗼𝗺𝗽𝗮𝘀𝘀𝗶𝗼𝗻 to respect others and share knowledge.
- 𝗗𝗲𝘁𝗮𝗰𝗵𝗺𝗲𝗻𝘁 to accept profits and losses without letting either control us.
𝗤𝘂𝗶𝗰𝗸 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 #Traders 𝗵𝗲𝗿𝗲.
What's harder for you? 👇
Waiting for the right entry or accepting a loss when you're wrong?
𝗕𝗖𝗛 is making a move while most of the market is still finding its feet.
Price has pushed back above the 200-day moving average, with trading volume picking up sharply.
Now comes the real test around $𝟯𝟬𝟬–𝟯𝟬𝟮.
A clean breakout would make this much more convincing. A rejection here could turn today's strength into another failed recovery.
#CryptoMarket #Crypto #TradingStrategies
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Polymarket generated $𝟮𝟴.𝟰𝗠 in fees over the past week.
Uniswap? $𝟭𝟰.𝟵𝗠.
People are spending serious money trading their opinions on real-world events.
I wouldn't have expected prediction markets to become this big a fee business so quickly.
Hard to call this a niche market anymore.
#DeFi #Prediction #Polymarket
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UNI+3.05%
You don't need to catch every move.
Knowing what to leave alone is a skill, in markets and in life.
𝗧𝗲𝘁𝗵𝗲𝗿: $524M.
𝗖𝗶𝗿𝗰𝗹𝗲: $211M.
Together, nearly 59% of the revenue 𝘵𝘳𝘢𝘤𝘬𝘦𝘥 𝘣𝘺 𝘋𝘦𝘍𝘪𝘓𝘭𝘢𝘮𝘢 over the past 30 days.
Most of it comes from returns on the assets backing stablecoins.
Crypto keeps building complicated ways to generate yield, while two of its biggest earners make money from traditional financial assets.
Says a lot about where the business really is.
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Good Morning everyone!
BTC around $80K, ETH near $2.3K, and the Fed meeting kicks off today.
We've seen enough rebounds that disappear just as quickly. I'd like to see BTC hold its ground for a change.
Hope your Tuesday is off to a good start!
BTC-0.67%
ETH-1.26%
MAYC #17019 has officially found a new home joining my beauty BAYC #9281 ♥️
Much love to all my fellow Apes at @BoredApeYC. Grateful to be part of this community and looking forward to making memories together 🤝
Who's welcoming the new Ape to the family?🍌🦍
@WelcomeApes @mfigge @TheeHustleHouse @ApeChainHUB @yugalabs @jbondwagon
GM 🌅
Bitcoin below $80K now & everyone is waiting for the Fed again.
Crypto talks about independence from traditional finance, yet every major macro event reminds us how much liquidity still controls this market.
Until that changes, ignoring the Fed is ignoring the market.
BTC-0.67%
I just opened my first 2 pack of 10 and pulled a Prestige and a rare 🃏 & 7 uncommons.
Honestly, not bad packs at all 👀
@BoredApeYC
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Have a great Friday Kings 👑 and Queens 👸
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$ETH is sitting right at a decision point.
$𝟮,𝟰𝟭𝟬–$𝟮,𝟰𝟮𝟱 is the level bulls need back.
Reclaim it and hold → $𝟮,𝟰𝟲𝟬–$𝟮,𝟰𝟵𝟬 comes into play.
Below, $𝟮,𝟯𝟰𝟱–$𝟮,𝟯𝟱𝟱 is the support I’m watching.
Lose that cleanly and I’d expect $𝟮,𝟮𝟴𝟱–$𝟮,𝟯𝟬𝟱 to get tested next.
Right now I’m not chasing either direction.
I am waiting for the break.
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ETH-1.26%
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