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Coinbase adds bitcoin-backed borrowing
NFT Gaming

Tristan Thompson Taps Somnia to Bring Basketball Fandom On-Chain

by admin September 18, 2025



NBA champion Tristan Thompson is teaming up with Improbable CEO Herman Narula and co-founder Hadi Teherany to roll out a new web3 experience designed to reinvent basketball fandom for the digital era.

The project, named basketball.fun, will debut in October ahead of the NBA season and will attempt to gamify the way fans interact with players and games, Thompson announced.

It has been developed on Somnia, a layer 1 blockchain that went live at the start of this month, already notching billions of dollars worth of trading volume in its first two weeks.

“This is how we experience moments together, it’s not just about basketball,” Tristan Thompson said in a press release. “We’re creating something for the fans that lives beyond the game, where your presence, passion, and play actually matter.”

Tokenized NBA players

Unlike traditional fantasy sports or fan tokens, the platform will tokenize NBA players with values that fluctuate in real time based on sentiment and performance. Fans will be able to assemble rosters, speculate on rising talent, and earn rewards tied to their predictions and engagement.

“The way fans value and perceive players should be different than owners and news networks,” Teherany said in an interview with CoinDesk. “We’re trying to give power back to the fan — not just to predict who they think is great, but to actually earn incentives from it. Imagine being able to prove that the fan consensus on a rookie’s potential is more accurate than a team’s front office.”

Teherany stressed that the app won’t launch with a native token, distancing itself from projects like Socios that hinge on token price. Instead, players will hold in-app value that reflects fan sentiment and game outcomes.

Why Somnia, Not Solana?

Asked why the team chose to build on Somnia instead of more established chains like Solana or Avalanche, Teherany pointed to both relationships and philosophy.

“Everything in this industry comes from authentic relationships,” he said. “When we met Herman Narula, it was an alignment of vision. He’s not chasing short-term token hype but is committed to building sports and entertainment on-chain for the long term. That gave us confidence that this wouldn’t just be valued on market speculation.”

The decision also came after lessons learned from a previous project, TracyAI, which Teherany said became too dependent on token performance. This time, the focus is on infrastructure, gamification, and sustainability.

Somnia’s Technical Edge

Somnia went live on Sep. 2, following a six-month testnet that processed over 10 billion transactions and onboarded 118 million wallets. Backed by UK-based metaverse company Improbable, the network is positioning itself as the fastest EVM-compatible chain, claiming to handle more than one million transactions per second with sub-second finality.

At launch, Somnia onboarded 60 validators, including Google Cloud, and has integrated with protocols like LayerZero, Sequence, and Thirdweb. Its native token, SOMI, has nearly doubled in value since launch and is already processing billions in daily volume.

For Teherany, Somnia’s traction adds credibility: “They’ve done billions in daily volume, bigger than some of the major exchanges. That’s a testament to what they’re building—and what we’re building on top of it.”

Road to Tip-Off

The project’s first major reveal is scheduled for Korea Blockchain Week, where Thompson will share his vision alongside Narula and Teherany. Attendees of Somnia House, the network’s flagship side event in Seoul on September 23, will get an early look at the app and roadmap.

“We want to make this as approachable as possible,” Teherany said. “The blockchain layer should feel invisible. Whether you’re a crypto native or just a basketball fan, you’ll be able to join, play, and help define the narrative of the sport.”



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September 18, 2025 0 comments
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Blockchain-Based RWA Specialists Bring $50M to Apollo's Tokenized Credit Strategy
NFT Gaming

Blockchain-Based RWA Specialists Bring $50M to Apollo's Tokenized Credit Strategy

by admin September 17, 2025



Blockchain-based real world asset (RWA) specialists Centrifuge and Plume have launched the Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), backed by a $50 million anchor investment from Grove, a credit infrastructure protocol within the Sky Ecosystem.

The fund gives blockchain investors exposure to Apollo’s diversified global credit strategy, spanning direct corporate lending, asset-backed lending and dislocated credit, a type of mispriced debt due to market stress and lack of liquidity.

ACRDX will be distributed through Plume’s Nest Credit vaults under the ticker nACRDX, making the strategy accessible to institutional investors on-chain. By packaging Apollo’s portfolio in tokenized form, the fund aims to lower entry barriers and increase transparency for investors seeking exposure to private credit markets, according to a press release.

Apollo, a $600 billion-plus asset manager, is one of several traditional finance firms active n exploring blockchain rails. Its digital assets head Christine Moy said the initiative expands access to institutional-grade strategies while helping “build the onchain DeFi economy” alongside Grove and Centrifuge.

The product combines Apollo’s investment management with Centrifuge’s tokenization infrastructure and Plume’s real-world asset–focused blockchain. Chronicle will serve as oracle provider, and Wormhole will handle cross-chain connectivity. Subject to approval, Anemoy will oversee the fund as manager.



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September 17, 2025 0 comments
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A trolley problem for the ages.
Game Updates

Don’t Bring Me Trolley Problems, Bring Me Trolley Solutions

by admin September 16, 2025


We’re all familiar with the trolley problem. We’re all so familiar with it that we’re also familiar with all the spoofs of the trolley problem that have sprung up in recent years. But I’m pleased to say I’ve found a fresh take on the entire scenario: even sillier (if smarter) spoofs of the trolley problem. The Trolley Solution brings the classic black-and-white sketches to life in a series of video game vignettes, beginning with the classic question, but quickly descending into fantastically funny nonsense, including some completely splendid mini-games, one of which is a visual novel love story.

You know how the trolley problem goes:

“A trolley is rapidly approaching five people tied to the tracks.

You have the option to divert the trolley onto a different track.

This action would save the five people, but it would kill someone else.

What would you do?”

But in The Trolley Solution, the classic philosophical dilemma and many absurd riffs on it are brought to life in 3D, bringing a whole new level of reality to the hypothetical problem when the crudely animated people splatter into little blobs. What if, for instance, rerouting the trolley would knock a dog’s bone away? Can you really make the choice if it means watching the little doggy look into his empty bowl, his tail down, his head despondently hung? Other new variants it introduces on the classic dilemma are more elaborate and wonderfully original, unlike anything I’ve seen in those overly long Reddit threads where people with undue confidence misattribute philosophical doctrine. For instance,

“A trolley is quickly approaching your girlfriend, who is tied to the tracks.

You have the option to divert the trolley to a different track, but on that track is your best friend, also tied up.

However, you discover that your girlfriend has been cheating on you with your best friend.

But your best friend didn’t know she was your girlfriend.

To complicate things, your best friend is terminally ill and will die of cancer in a month.

What will you do?”

Honestly, I’m simple enough that I’d have been charmed just by a series of increasingly daft scenarios like these, especially since you get to see each play out, choosing whether to pull the lever or not. But The Trolley Solution is much more ambitious in its daftness. Levels constantly introduce one-off mechanics, at one point seeing the game turn into a perfect spoof of the billions of monochrome “hidden object” games that appeared in the wake of the fantastic Hidden Folks, here with an entire trolley “hiding” in enormous, screens-wide illustrations packed with visual gags. I scarequote “hiding” given it’s a trolley, and even glasses and a Where’s Waldo hat can’t quite do it. Bless it, it’s trying. (The Where’s Trolley joke works much better in the UK where the books are called Where’s Wally?)

At another point it becomes a third-person racing game, as you jump between tracks to gather coins and avoid oncoming trolleys. And yes, in one extended and completely brilliant sequence, the game becomes a lampooning visual novel, in which you play a young Japanese girl who, on her way to school, falls in love with a trolley. It has many different endings, one of which describes the situation where the girl and the trolley rush too quickly into an overly committed romance, later realizing the foundations for a lasting relationship had never been established, the two growing to loathe one another, before finally, acrimoniously, breaking up. Another, naturally, results in people getting run over by a trolley. It’s all very romantic. It contains dialogue like,

“Tameko tells Tomodachi all about her dream. As she talks a weird gut feeling makes her uneasy. She explains the nuances of picking between Deontology and Utilitarianism. It feels like there is something more to it, like a prophecy in the making…”

As much as I want to blurt out every single surprise game mode that appears, l obviously won’t, but I do have to share one more: There’s an entire Tamagotchi sim in there, in which—yes of course—you must feed, clean, and play with a young trolley until it grows into a happy and profitable adult. “Can you take care of it until it gains monetary and moral stability?” asks the game.

©DanDans / Kotaku

It’s worth saying The Trolley Solution is not taking anything seriously, and you’re going to see a lot of people get squished in front of trolleys. Because the game’s black and white, and because the human characters are like even simpler Human Fall Flat figures, obviously it’s nothing outlandish, but people sure do go splat when they’re run over. And you will want to note that it does include a moment with someone jumping in front of a trolley. When that happened I shouted, “GOD DAMN IT!” and laughed very hard, because it really wasn’t OK in the best way.

I swear, for all the stuff I’ve mentioned, there are so many more surprises in here. There are whole other short games, spoofs of well-known genres I’m dying to tell you about, and while a few of these are perhaps a little over-long (something done five times can be a lot more fun than something done ten times), they’re all so well-realized and funny. There’s a total of 40 levels, each containing its own unique trolley problem situation, and precisely none of them take the conceit seriously. Thank goodness.

©DanDans / Kotaku

I love stumbling on a game like this. I installed it simply because I liked the cartoon art, having no idea where it was heading. It turns out it was heading all over the place, with a wicked sense of humor, and the chops to pull off half a dozen genre spoofs along the way. (And don’t worry if you see the DLC on the Steam store—as much as you can absolutely buy it (and the developer deserves it!), it’s part of a gag.)

What a joyfully silly thing to exist. You should go buy it right now, it’s only $6.50.

 



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September 16, 2025 0 comments
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CDL Major 4 hosted by DreamHack in Dallas
Esports

DreamHack to bring the Call of Duty League to the UK in 2026

by admin September 13, 2025



Dexerto sources can confirm that DreamHack is making its return to the United Kingdom, bringing not only DOTA 2, but also bringing back the Call of Duty League to the UK for the first time since the visit to the Copperbox Arena for the Modern Warfare CDL season.

First revealed by Insider Gaming and later confirmed by Dexerto sources, DreamHack will be at the National Exhibition Centre in March. While it’s always worth taking dates with a pinch of salt since there are still a few months until the 2026 season begins, DreamHack is indeed expected to run from March 26-29th, 2026.

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Dexerto sources can also reveal that this will be for the Black Ops 7 season’s second major, and it will not be the only time that the Call of Duty League returns to Europe for this season, as Paris will host Major IV.

Activision / Twitter, @CODLeague

What is DreamHack?

DreamHack is a gaming festival that combines esports tournaments, LAN parties, as well as music, live streaming, gaming culture and more, all under one roof.

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It is widely known for bringing and hosting multiple esports competitions, and that won’t stop in the United Kingdom, as DreamHack is reportedly attempting to capitalize on the gap in the market left by the Insomnia events. While there is one major title yet to be confirmed, DreamHack UK 2026 will feature DOTA 2 and the Call of Duty League.

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Call of Duty League 2026 schedule

The Call of Duty League Black Ops 7 schedule isn’t fully confirmed just yet, but Dexerto sources can confirm the Insider Gaming reports the CDL will be visiting the United Kingdom, Paris, and Toronto.

Call of Duty League 2026 dates

Major ITorontoMajor IIDreamHack BirminghamMajor III???Major IVParisChamps???

Dexerto sources could not verify reports that Vegas will host Champs. That said, Atlanta FaZe are rumored to be relocating to Sin City for the Black Ops 7 Call of Duty League season.



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September 13, 2025 0 comments
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Chainlink
NFT Gaming

Chainlink, US DOC Join To Bring Macroeconomic Data On-Chain

by admin August 29, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Chainlink and the US Department of Commerce (DOC) announced their collaboration to deliver key government macroeconomic data on-chain, aiming to improve transparency and unlock new use cases for blockchain markets.

Chainlink Brings Economic Data On-Chain

On Thursday, the US Department of Commerce and decentralized oracle provider Chainlink unveiled that they had partnered to bring crucial macroeconomic data on-chain from the Bureau of Economic Analysis (BEA).

The new Chainlink Data Feeds aim to deliver critical information around key US economic data points, including Real Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers.

Data on the level and percentage change of Real GDP, PCE Price Index, and Real Final Sales to Private Domestic Purchasers are now available on-chain for consumption. This data will be updated monthly or quarterly as applicable.

Additionally, the data will be available across ten blockchain ecosystems initially, including Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync.

The announcement highlighted that bringing the US government data on-chain “unlocks innovative use cases for blockchain markets,” like automated trading strategies, increased composability of tokenized assets, the issuance of new types of digital assets, real-time prediction markets for crowdsourced intelligence, transparent dashboards powered by immutable data, and DeFi protocol risk management based on macroeconomic factors.

“As the industry-standard oracle platform, Chainlink supports one of the largest ecosystems in Web3, leveraging secure data oracles to build advanced onchain applications—making this work a natural step forward in expanding the scope of trusted data available onchain,” Chainlink wrote.

Earlier this week, US Secretary of Commerce Howard Lutnick revealed that the DOC “is going to start issuing its statistics on the blockchain,” adding that the goal is to create a more open and accessible framework for global markets.

Lutnick shared his plan to bring Gross Domestic Product (GDP) on-chain for enhanced transparency and data distribution across US government departments.  He also highlighted that the initiative aligned with President Trump’s vision to make America the “crypto capital of the world.”

Institutional Adoption Of Blockchain Technology

This development follows the recent push to integrate blockchain technology into federal institutions. As reported by Bitcoinist, the US House of Representatives passed a bill in June to establish a Blockchain Deployment Program, aiming to develop best practices and explore the adoption of blockchain in multiple areas.

Introduced in February by Republican Representative Kat Cammack, HR 1664, also known as the Deploying American Blockchains Act of 2025, directs the US Secretary of Commerce to lead the national efforts, requiring him to serve as the President’s principal advisor for the deployment, use, application, and competitiveness of blockchain and other DLT, and take the actions necessary to support the US leadership in this sector.

The bill, co-sponsored by Democratic Representative Darren Soto, establishes that the Secretary of Commerce must encourage and improve coordination among Federal agencies for the deployment of these technologies to offer federal support.

It’s worth noting that Chainlink Labs has also met with several key US government officials and regulators to provide policy recommendations aimed at accelerating the growth of the blockchain industry.

Notably, their team had several meetings with the Securities and Exchange Commission’s (SEC) staff to address core issues on broker-dealer and transfer agency compliance using public blockchain infrastructure.

Moreover, Chainlink’s founder, Sergey Nazarov, recently met with Tim Scott, the chairman of the Senate Banking Committee, to discuss the highly anticipated market structure bill and how it could enable the rapid growth of the blockchain industry in the US.

Chianlink’s performance in the one-week chart. Source: LINKUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 29, 2025 0 comments
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Helene Braun
NFT Gaming

Circle (CRCL) Tapped by Finastra to Bring USDC Settlement to $5T Global Payments

by admin August 27, 2025



Finastra, a London-based financial tech provider to some of the world’s largest banks, said Wednesday it will connect its payments hub to Circle’s (CRCL) USDC stablecoin, giving banks an option to settle cross-border transfers with the token.

The integration will begin with Finastra’s Global PAYplus (GPP), which processes more than $5 trillion in daily cross-border payment flows, the firms said in the press release.

The move underlines how stablecoins, a group of cryptocurrencies with prices anchored predominantly to fiat currencies like the U.S. dollar, are increasingly being tested by major financial institutions as alternatives to traditional settlement channels. Payments giants Stripe and PayPal already have their own stablecoin infrastructure in place, while several major banks, large retailers reportedly explore having their own tokens.

Stablecoins allow around-the-clock, near-instant settlements at lower costs using blockchain rails, proponents say. Coinbase projected the stablecoin market to grow to $1.2 trillion by 2028 from the current $270 billion, driven by regulatory clarity in the U.S. and accelerating corporate adoption. USDC is the second largest stablecoin on the market, boasting a $69 billion supply.

By enabling settlement in USDC while keeping instructions in fiat currencies, Circle and Finastra said banks can reduce their reliance on correspondent networks, which are often criticized for high fees and slow processing times.

Integrating Circle’s stablecoin rails into Finastra’s plumbing aims to give “banks the tools they need to innovate in cross-border payments without having to build a standalone payment processing infrastructure,” said Chris Walters, CEO of Finastra.

“Together, we’re enabling financial institutions to test and launch innovative payment models that combine blockchain technology with the scale and trust of the existing banking system,” Circle CEO Jeremy Allaire said.

Circle went public earlier this year, with its stock skyrocketing as investors sought exposure to the booming stablecoin market. The firm is also developing its own blockchain dubbed Arc designed for payments.

Read more: Stablecoin Payments Projected to Top $1T Annually by 2030, Market Maker Keyrock Says



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August 27, 2025 0 comments
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DAAPrivacyRightIcon
Gaming Gear

Survivors will bring ‘survival extraction’ to the series

by admin August 22, 2025


On Friday, Ubisoft announced… something. The company describes The Division 2: Survivors as “an updated take on the survival extraction experience.” Is it DLC? Is it a new game mode? We have no idea. But Ubisoft said it will “strive for transparency during its development.” Unfortunately, that didn’t apply to its announcement.

Ubisoft said Survivors is in its early stages, which may explain the lack of detail. Other media outlets have reported that it will come in 2026. But the company’s franchise roadmap places its release date under “TBA.”

“The Division 2: Survivors is as much your baby as it is ours, and we strive for transparency during its development,” Executive Producer Julian Gerighty wrote in the announcement blog post. “Clear communication and community involvement are a focus as we build the new experience, and we will be closely involving you as we move forward on the development journey.”

Ubisoft also confirmed that its free-to-play mobile game is still in the pipeline. The Division Resurgence is expected this year. The company announced a delay last summer.

A Redditor who played a beta version in 2023 described it in less than appealing terms. “Overall, Resurgence is a console clone of The Division, where you can team up and play with clunky, small mobile controls.” To be fair, much could have changed in its development since then. Regardless, you can sign up for the closed beta on Ubisoft’s website.



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August 22, 2025 0 comments
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Ensemble integrates XMTP to bring AI Agents to decentralised messaging
Crypto Trends

Ensemble integrates XMTP to bring AI Agents to decentralised messaging

by admin August 22, 2025



Ensemble, a decentralized artificial intelligence agent platform, has integrated with enterprise-grade messaging protocol XMTP to power the next level of adoption of AI agents in decentralized messaging.  

Summary

  • AI agents platform Ensemble has integrated with messaging protocol XMTP.
  • The integration will see Ensemble bring chat-native experiences to users.
  • XMTP powers web3 protocols such as Base, Lens and Farcaster.

The integration allows Ensemble to expand its Agent Hub marketplace, with users now able to tap into support for XMTP for a chat-native agent economy.

With XMTP powering nearly 1 million identities and more than 63 million activated wallets, the collaboration means Ensemble users can pay for autonomous agents either directly from their wallets or across any of the applications built on XMTP, without switching platforms.

“AI agents are rapidly becoming an integral part of how people work and interact online, but until now they’ve been locked into siloed apps and platforms. With Ensemble building on XMTP, they’re enabling a chat-native agent economy that works anywhere the XMTP network reaches, across wallets, social apps, and the XMTP protocols. It’s a big step toward a world where secure, decentralized messaging connects people, AI, and money without friction or lock-in,” said Peter Denton of XMTP.

What does this mean for Ensemble?

Ensemble will benefit from XMTP’s infrastructure, which helps turn complex workflows into simple, user-friendly, chat-native experiences. The integration brings the same messaging capabilities for decentralized protocols that are already in use across leading web3 apps, including Base, Farcaster, and Lens.

Ensemble’s march in the AI agents space includes a decentralized finance alert with tiered subscriptions that users can pay for directly in chat. The protocol is also looking at a DeFi analyst agent expected to bring features such as on-demand analysis, quotes and pay per query to users. 

Users will be able to request and receive results within the same XMTP thread.

The platform also eyes AI agents for far more complex workflows, such as queries on optimizing yield farming.

“Our mission is to bring AI agents to the masses by making them as trustworthy,accessible and useful as possible,” says Shamir Ozery, co-founder and chief executive officer of Ensemble.

Ensemble and XMTP team up as the latter looks to capitalize on a $20 million funding round to accelerate growth and adoption of its web3 messaging infrastructure stack.



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August 22, 2025 0 comments
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Ripple to Bring RLUSD to Japan
NFT Gaming

Ripple to Bring RLUSD to Japan

by admin August 22, 2025


  • RLUSD’s growth 
  • Japan’s stablecoin market 

Enterprise blockchain company Ripple has announced that it is bringing its highly regulated Ripple USD (RLUSD) stablecoin to the Japanese market in partnership with SBI VC Trade, the cryptocurrency exchange arm of financial giant SBI Holdings, in early 2026. 

SBI VC Trade CEO Tomohiko Kondo has stated that the introduction of RLUSD would be a “major step” toward making stablecoins more convenient and reliable in the Japanese market. 

RLUSD’s growth 

According to data provided by CoinGecko, RLUSD, which was officially launched last December, currently boasts a market cap of $667 million. 

Last week, Ripple minted another 24 million tokens on the Ethereum blockchain. 

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As reported by U.Today, the token was recently used in the initial public offering (IPO) settlement of crypto exchange Bullish, and it could also be part of Ripple’s credit facility for the Gemini trading platform. 

Japan’s stablecoin market 

Stablecoins have been gaining major traction around the globe, and Japan is not an exception. 

In March, USDC issuer Circle, a major Ripple competitor, announced the launch of the stablecoin in Japan in partnership with SBI VC.

Recently,  the Financial Services Agency (FSA), the country’s first financial regulator, allowed local fintech firm JPYC to issue the first stablecoin pegged to the yen. 

Jack McDonald, Ripple’s vice president of stablecoins, says that he hopes that RLUSD will set a new “benchmark” for the entire market. 



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August 22, 2025 0 comments
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Decrypt logo
GameFi Guides

Morning Minute: CME & Fanduel Bring Prediction Markets to the Masses

by admin August 21, 2025



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors mixed, ETH and SOL lead; BTC back to $113k
  • BNB hits fresh ATH at $880 overnight before retracing
  • Kanye tweets out YZY coin, briefly runs to $3B before falling
  • CME announces partnership with Fanduel to launch events contracts
  • Heaven notches first $1M revenue day, burns another $1M of its LIGHT token

🎲 CME + FanDuel Bring Event Contracts to the Masses

Wall Street is meeting Main Street in the betting arena.

And the prediction market boom is about to begin…

📌 What Happened

The CME Group and FanDuel are teaming up to launch a new event contracts platform, making it easier for everyday users to bet on markets like the S&P 500, oil, gold, and even crypto.

The two will create a joint venture that will offer fully funded, event-based contracts as a part of the initiative.

These simple yes/no markets will let FanDuel’s millions of customers trade on major benchmarks and economic indicators for as little as $1.

Expected to go live later this year (pending CFTC review), the platform will cover:

  • Indices: S&P 500, Nasdaq-100
  • Commodities: oil, gas, gold
  • Crypto: Bitcoin, Ethereum, and more
  • Macro data: GDP, CPI, and other key releases

The contracts will run through a new non-clearing futures commission merchant (FCM) jointly operated by CME and FanDuel, and listed on CME’s regulated exchanges.

🗣️ What They’re Saying

  • Terry Duffy, CME Group CEO: “Together, our event-based products will appeal to the growing public interest in markets, and we will provide education to attract a new generation of potential traders not active in derivatives today.”
  • Amy Howe, FanDuel CEO: “Partnering with CME Group will unlock our ability to bring even more new and engaging products to FanDuel’s fast-growing customer base… combining innovation with best-in-class regulatory compliance and consumer protections.”

CME & FanDuel partnering on event contracts…

I’m serious.

Basically you can wager as little as $1 on S&P 500, Nasdaq 100, oil, gas, gold, crypto, & even GDP and CPI.

Yes, you’ll be able to place these bets via FanDuel.

Full gamification of markets.

What a time to be alive. pic.twitter.com/BMUgjgqWw4

— Nate Geraci (@NateGeraci) August 20, 2025

🧠 Why It Matters

This is a huge moment for prediction markets and retail access:

  • Mainstream on-ramp: Millions of FanDuel bettors will soon have a direct line into regulated financial products, essentially turning prediction rading into a mass-market consumer activity
  • Legitimacy & compliance: With CME as the partner, these contracts have instant credibility and regulatory cover, something platforms like Kalshi and Polymarket have struggled with
  • Bridging speculation & investing: By blending sports betting UX with financial markets, CME and FanDuel are creating a product that sits squarely between gambling and trading
  • Crypto crossover: Including Bitcoin and Ethereum in the initial product set cements crypto’s role as a tradable benchmark alongside equities, commodities, and macro data

Assuming this is approved, this could be the biggest step yet toward mass adoption of event-based markets in the U.S. seen to date.

There were questions (and rightfully so) if prediction markets would make it post-2024 election.

Volumes boomed into the most hotly debated election ever, but then (to the surprise of many), volumes sustained.

Prediction markets have sustained well post-election (data from https://dune.com/fergmolina/polymarket-markets-data)[/caption]

Thanks to new styles of pop culture markets, leaning more into news and geopolitics and of course sports betting markets, prediction markets have kept volumes at ~50%+ levels of peak 2024.

That’s a huge win.

And the more progress made in 2025-2026 will lead for an even bigger 2028 election cycle.

Let the prediction market boom begin…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors were mostly green on the day; BTC even at $113,300, ETH +3% at $4,285, XRP +1% at $2.90, SOL +3% at $184
  • OKB (+60%), MORPHO (+12%) and LINK (+6%) led top movers
  • BNB briefly broke to a new ATH of $880 last night
  • OKB popped another 60% to $206 after its massive token burn
  • A judge unfroze $57.6M in funds tied to the Libra meme coin case (tied to Argentina President Javier Milei) after signs of compliance
  • Xapo sees a $200B Bitcoin inflow coming from the wealth transfer from boomers to their children over the coming decade
  • Ark Invest backed Bullish and Robinhood, with Cathie Wood’s firm buying $21.2M of Bullish and $16.2M of Robinhood shares in their market debuts
  • The Winklevoss twins funded a pro-Trump crypto PAC to the tune of $21M (188 BTC as it looks to launch the Digital Freedom Fund aimed at blocking CBDCs and supporting crypto-friendly policy
  • The New York lawmaker’s push for 0.2% crypto tax will also include stablecoin transfers

In Corporate Treasuries

  • Empery Digital holds $450M in BTC but its market cap sits at just $340M, trading well below mNAV
  • Windtree Therapeutics, a BNB treasury company, has been removed from Nasdaq for listing compliance issues

In Memes

  • Memecoin leaders are red on the day; DOGE -3%, Shiba -3%, PEPE -4%, PENGU -8%, BONK -4%, TRUMP -3%, SPX -3%, and FARTCOIN -4%
  • Kanye West tweeted out a memecoin YZY which briefly ran to $3B FDV before falling back to $1B
  • Heaven reached $1M in daily revenue on Wednesday (75% of Pump’s revenue) while also unlocking a new “golden twap” to account for some missed revenue that hadn’t gone to LIGHT buybacks

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap down 2% to $12.2B, leaders were mixed
  • FARTCOIN (+1%), VIRTUAL (+1%), TIBBIR (-3%), ai16z (-1%) & VVV (-17%)
  • fxn (+24%), Simmi (+22%) and IRIS (+15%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly green; Punks -2% at 46.5 ETH, Pudgy +1% at 12.6, BAYC +2% at 11.6 ETH
  • Moonbirds (+15%) and Mooncats (+17%) were notable top movers
  • Bitcoin NFTs were mostly red or even; Bitcoin Puppets +6%
  • Abstract NFTs were mixed, led by BUUMEE (+20%)

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