IOSG|Interpreting the key factors for the success of Polymarket and Pump.fun
As long as you are a crypto player, you have probably heard of the myths of Pump.fun and Polymarket.
JinseFinanceAs long as you are a crypto player, you have probably heard of the myths of Pump.fun and Polymarket.
JinseFinanceThe crypto market is known for its huge volatility, and prediction markets allow users to participate in the prediction of the outcomes of major events in a more stake-based way. This chart summarizes the prediction events with large trading volumes for investors to more accurately grasp the current market context.
JinseFinanceAs the crypto industry moves into the consumer application phase, Polymarket’s success in temporarily replacing existing prediction markets is significant.
JinseFinancePolymarket’s recent success is almost entirely a result of the election.
JinseFinanceParaFi Capital, the largest investor in prediction markets, said first-time users are mostly participating in markets not related to the election.
JinseFinanceThe prediction market is an open market where anyone who knows about future outcomes can contribute their knowledge in the form of bets.
JinseFinanceAs the expectations of $ETH ETF passing heat up, the market’s attention is gradually returning to the EVM ecosystem. As the largest prediction market on the chain, Polymarket has attracted much attention because of whether $ETH ETF can pass smoothly.
JinseFinanceSince 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
CaptainXBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainX