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Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

by admin May 22, 2025

In brief

Bitcoin just marked a new all-time high, but Myriad users are now betting whether it’ll top $115K by EOD Sunday.
Predictors don’t expect Coinbase to pay out any of its $20 million hack bounty before June 15.
The final “Mission: Impossible” movie is hitting theaters, and its estimated opening weekend haul is below the Myriad line.

Everyone’s got an opinion, and prediction markets have become one of the most popular ways for users in crypto to share theirs—and maybe make some bank on it.

On Myriad Markets, users are able to predict event outcomes on markets across lots of different fields, like predicting the price of Bitcoin or the winner of the NBA Championship. And there are plenty more options beyond crypto and sports, including politics, culture, and gaming.

What’s generating interest on Myriad this week? Here’s a look at some of the most active markets, with helpful context about what might be driving current predictions.

(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN.)

Bitcoin price above $115K on May 25 at 11:59pm UTC?

Market Open: May 21
Market Close: May 25
Volume: $10.1K

After a downtrend that sent Bitcoin spiraling to around $75,000 in early April, the top crypto asset has stormed back, making new all-time highs above $111,000 in the process.

Now, a new flash market on Myriad asks predictors whether or not it can rally above $115,000 in the next few days. Will records keep being set?

So far, predictors think not, giving “yes” just a 25.8% chance despite BTC picking up 2.5% in the last 24 hours and sitting just 3.4% away from $115,000.

Those odds are up since the market opened, however, up from the 16.6% “yes” odds reflected at the low point on Wednesday afternoon. As Bitcoin sustained its rally into Wednesday evening and early Thursday morning, prediction volumes have pushed to around 26%.

Blockstream CEO and longtime Bitcoiner Adam Back recently told Decrypt that he believes Bitcoin will hit between $500,000 and $1 million this cycle, and other analysts see runs to $200,000 and beyond. So are “no” predictors short Bitcoin, or merely think the “digital gold” has rallied hard enough of late, gaining more than 25% in the last 30 days?

What’s Next? Bitcoin is holding its own above $111,000 so far, needing a gain of just a few more percentage points in order to reach $115,000.

Will Coinbase pay any part of the $20 million hacker bounty before June 15?

Market Open: May 21
Market Close: June 14
Volume: $2.4K

Active crypto users were discouraged to learn that leading American exchange Coinbase suffered a major customer data breach, as disclosed last week, impacting more than 69,000 customers over the span of months.

The hackers demanded $20 million in ransom as they attempted to blackmail the firm, but Coinbase pushed back, instead offering a $20 million bounty to the public for information leading to the arrest and conviction of the attackers.

Myriad’s prediction market asks whether or not Coinbase will pay any of that bounty by June 15 as users rush to gain more information about the breach, potentially finding the culprits in the process.

As of Thursday morning, predictors strongly believe that no payments will be made before June 15 with odds of “no” sitting around 74.5% or about where they have been since shortly after the market opened.

Those odds stand despite the fact that a suspected actor in Coinbase-related social engineering scams trolled notable pseudonymous on-chain investigator ZachXBT in an Ethereum transaction’s input data, calling him a “L bozo.”

The investigator was quick to identify North Korea’s association with the $1.4 billion ByBit hack earlier this year, earning himself more than $31,000 in ByBit’s bounty program within just a few days. He’s also been involved in numerous other efforts to identify crypto attackers, leading to arrests and convictions.

Can he or others do it again?

What’s Next? Suspected Coinbase attackers are now trolling on-chain, perhaps suggesting cockiness or confidence they won’t be caught, though it’s not clear whether this particular troll is connected to the recently disclosed attacks. But will the additional data trails help lead to their downfall?

Will ‘Mission: Impossible’ gross $95 million in revenue in its U.S. opening weekend?

Market Open: May 20
Market Close: May 22
Volume: $3.83K

Another Tom Cruise movie is gracing big screens this weekend, opening Friday in more than 3,800 theaters across the United States.

The question for predictors is whether “Mission: Impossible – The Final Reckoning,” the eighth film in the long-running action series, will gross at least $95 million in its four-day opening stretch—a holiday weekend in the United States.

Thus far the market thinks not, with odds of “no” jumping around 10% since Wednesday afternoon to around 78% at the time of writing.

According to Deadline, the film’s greatest comparison is previous entry “Mission: Impossible – Dead Reckoning,” which brought in more than $120 million in “like-for-like markets at today’s opening rates” when it opened in 2023.

Still though, the Hollywood news site expects the latest film starring Cruise as Ethan Hunt to bring in around $75-$85 million domestically, below the Myriad prediction line. That falls in line with Screen Rant’s expectation of around $80 million, or around 19% below the Myriad number.

Even with Box Office Pro estimating a potential record-breaking box office weekend, it still sees the latest, and potentially last Mission: Impossible film falling well below the $95 million mark.

What’s Next? “Mission: Impossible – The Final Reckoning” will debut in U.S. theaters on Friday.

Edited by Andrew Hayward

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May 22, 2025 0 comments

Crypto Trends

Global Dollar Stablecoin Eyes Hundreds of Partners Attracted by Yield, Sees ‘Big Names’ From TradFi

by admin May 22, 2025

It’s early days for the global dollar (USDG), a stablecoin that debuted in November, but a thousand firms could join the group that helps popularize the token in return for a share of the yield earned on reserve assets, according to crypto exchange Kraken, one of the founding partners.

USDG, whose other backers include trading platform Robinhood (HOOD), stablecoin issuer Paxos, crypto investor Galaxy Digital and crypto bank Anchorage Digital, recently welcomed 19 new joiners, many of them crypto native firms. Banks and large traditional finance firms are also lining up, Kraken’s consumer business lead Mark Greenberg said.

“There are 25-plus partners now, and I hope in another month, we’ll be announcing the next 25, and then the next 25. So from 25 to 50 to 1,000,” Greenberg said in an interview. “I’m very excited about some of the partners coming up in traditional finance and in crypto — big names on both sides. We’re talking to a lot of banks and I think a few will be coming online soon.”

The changing dollar stablecoin landscape has been dominated by two big players: Tether’s USDT, far and away the largest at a market cap of over $150 billion, and Circle’s USDC which commands a circulation of just over $60 billion. USDG has just $276 million, making it the 24th-largest stablecoin in a CoinGecko ranking.

Paxos, the New York-regulated stablecoin specialist underpinning USDG, originally offered a contender to USDC and USDT in the form of tie-up with exchange giant Binance, but the partnership was discontinued for regulatory reasons.

Greenberg pointed out USDG is a “true consortium,” and Paxos is a distribution partner, albeit with some particular administrative duties.

“We are building a decentralized community around the stablecoin, with yield that goes back to everybody,” Greenberg said. “Some of us are founding partners, and if we were a property company, Paxos would be the property management. They make sure that the licenses are in place and that the treasuries are handled properly and that the minting is done. But it’s on all of us to be equal partners in making the global dollar network a success.”

Driving the consortium’s growth is the offer of yield, which both incentivizes firms to join up, and also reimagines stablecoins as part of the wider financial system, Greenberg said. It’s also how USDG plans to challenge the dominance of Tether and Circle.

“I believe in decentralization over centralization. I believe in giving the value back to users, and USDG is doing that in a way that you can’t with Circle or Tether today,” said Greenberg. “Tether and Circle make a lot of money. In banking you give your deposits and they do things with it, but you get almost nothing back. But stablecoins shouldn’t be like that.”

Kraken moves a lot of money around the world and naturally the firm has been using USDG, eating its own dog food, in business innovation parlance.

“We use global dollars and the USDG all over the world,” Greenberg said. “You send a wire and it can take four or five days and get stuck in some random bank along the way. That’s already changing really fast. And you see players like Visa and MasterCard and others come to the table and stablecoins start to play that role in a much bigger way.”

Kraken’s clients are also taking advantage of earning up to 4.1% on U.S. dollars in every country in the world by putting their money in USDG, Greenberg added.

“If you’re in the U.S., maybe that’s not that exciting, because there are other ways to do that. But if you’re in Argentina, or if you’re in Canada, where there are no U.S. dollar accounts and earning 4.1% is unheard of, it’s a very cool opportunity to make that happen.”

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May 22, 2025 0 comments

Crypto Trends

1,200,000,000 Cardano Hit in Open Interest as Price Eyes Rebound to $1

by admin May 22, 2025

In the last 24 hours, Cardano (ADA) rebounded by over 6% from its support after a long period of price correction. This bullish rally has triggered a surge in open interest as investors commit to ADA’s future in anticipation of more growth.

Cardano open interest explodes as traders bet big

According to CoinGlass data, Cardano open interest has spiked by a massive 26.42% as traders committed 1.2 billion ADA valued at $958.11 million per current futures outlook.

Can ADA push through $1 barrier?

Interestingly, most traders confident of a possible rebound to the $1 level are on the Bitget and Binance exchanges. Bitget recorded 264.30 million ADA in open interest, while Binance registered 247.54 million ADA in open interest, valued at $212.02 million and $198.65 million, respectively.

Bitcoin eyes rally beyond $150k as golden cross forms

by admin May 22, 2025

Bitcoin is on the verge of confirming a powerful golden cross pattern, which could set the stage for a breakout rally toward the $150,000 mark.

Bitcoin (BTC) surged to a new all-time high of $111,544 on Thursday, May 22, afternoon Asian time, breaking past its previous record of $109,400 from just the day before. This new high marks a 48% jump from the April 7 low of just under $75,000, making it the second all-time high for BTC in 2025.

Alongside the price surge, Bitcoin’s market cap hit $2.2 trillion, while its realized cap also reached a new peak at $915 billion, highlighting how much value is flowing into the network.

A sharp uptick in trading activity has driven the rally. CoinGecko data shows 24-hour volume surged to $73.7 billion, compared to $50 billion on Wednesday and $40 billion on Tuesday.

That’s a noticeable jump, especially considering that earlier this month, daily volume had fallen below $30 million, its lowest since February.

BTC’s futures open interest also hit a fresh record of $81.35 billion, up sharply from the $46 billion level seen in early March. That signals growing confidence from institutional and leveraged traders.

Earlier this year, BTC faced strong headwinds as it tumbled more than 30% from January’s high of $109,588, bottoming below $75,000 in early April.

That correction came shortly after President Trump hinted at new tariffs on major U.S. trading partners. But sentiment improved mid-April, especially after the U.S. reached fresh trade agreements with several nations.

Another major factor driving the surge is the continued demand from U.S. spot Bitcoin ETFs, which have seen over $7.4 billion in net inflows over the past five weeks, including $609 million just on Thursday.

This has been backed by Bitcoin’s growing role as a treasury asset, prompting a wave of public companies to load the flagship crypto onto their balance sheets. Strategy, for example, has continued its aggressive accumulation, now holding over 2.7% of all Bitcoin in circulation.

BTC technicals flash bullish patterns

On the 1-day BTC/USDT chart, Bitcoin has flipped the 21-day EMA into support after weeks of acting as resistance. More importantly, the 50-day SMA (blue) just crossed above the 200-day SMA (green), forming the highly watched golden cross pattern. Historically, BTC rallied over 37% in just 3 months following a similar pattern in October 2024.

BTC 50-day and 200-day SMA chart — May 22 | Source: crypto.news

On the weekly chart, BTC has also broken out of a bull flag pattern, a classic bullish continuation setup where the price consolidates downward after a strong upward move.

BTC has broken out of a falling wedge pattern on the weekly chart | Source: crypto.news

The measured target of this breakout points toward $150,000, matching projections based on the flagpole height added to the breakout zone. If the golden cross plays out fully, the next realistic stop could be around $153,600.

Veteran trader Peter Brandt acknowledged BTC’s new highs but reminded followers that hitting all-time highs is just what bull markets do. In an earlier May 1 X post, he predicted that Bitcoin could reach the bull market cycle top in the $125k to $150K level by Aug-Sep 2025, although he warned of a possible 50% correction afterwards.

Meanwhile, analyst Gert van Lagen is far more bullish, predicting BTC could reach $300K to $320K by the end of the bull cycle. He based his outlook on a breakout from a 4-year Megaphone Pattern, which features widening price swings and often precedes sharp moves upward.

Short-term risks still in play

Despite the overwhelming bullish momentum, a short-term pullback can’t be ruled out. BTC’s RSI and Stochastic Oscillator have both entered overbought territory, indicating the rally may be due for a pause or short-term consolidation.

BTC 21-day EMA and RSI chart — May 22 | Source: crypto.news

If that happens, Bitcoin could briefly fall toward its support zone near $93,500, which lines up with its simple moving average supports.

So, while a run toward $150K looks increasingly likely, it may not happen in a straight line. A short-term correction could offer a healthier setup for long-term gains.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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May 22, 2025 0 comments

Game Reviews

UPDATE: “All eyes now turn to Liberty’s Heart” Helldivers 2’s big battle for Super Earth is here, as the Heart of Democracy update brings an Illuminate “Great Host” invasion

by admin May 21, 2025

UPDATE (20/05/25, 10:00 AM BST): Arrowhead has just dropped the Heart of Democracy update that leaks had previously hinted at, meaning missions on Super Earth itself have arrived.

“Fight among the towering skyscrapers and crowded streets of our home turf as the Illuminate rain down destruction all around you,” the studio wrote in a PlayStation Blog post, “Inside the city biomes, you will tackle operations and work to liberate cities together, having a significant impact on planetary campaigns.

Your mission is repel the invasion and arm some killer cannons, with Arrowhead explaining: “The might of Super Earth’s arsenal lies hidden beneath our peaceful, democratic streets. With your help, we must activate our Planetary Defense Cannons and take down the Illuminate fleet in a grand show of power.”

You’ll have help from some commandable squads of SEAF troops and have to avoid killing any of the Super Earth citizens you find running around the streets.

Original story follows:

It’s been clear since last week that Helldivers 2’s Galactic War is headed to Super Earth, with a renewed Illuminate offensive pushing towards the home planet of the Helldivers. With the conclusion of the latest major order seeing three planets fall in one fell swoop, that battle’s now imminent.

We’ll still have to see whether this fight for the ball that gifted the galaxy a militaristic force that acts quite fascisty comes with its own fresh update to the game, as leaks have suggested. Either way, though, it’s shaping up to be just as key a point in the war as you’d think.

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To set up this inevitable next step in the way, the game’s latest major order has just ended with players losing three planets to The Illuminate “Great Host” at once. Widow’s Harbor, Pilen V, and New Haven – all Altus Sector worlds which are right on Super Earth’s doorstep – are now occupied by the squids.

The Helldivers just couldn’t hold them, despite what looks to have been a very valiant effort. Especially so in the case of New Haven, which looks to have fallen at the order’s climax, leaving folks either watching on in horror from orbit or planting the Super Earth flag in defiance before exfiltrating one final time with a declaration that they’ll be back.

As I was writing this, Arrowhead’s just announced a further blow – The Illuminate have “razed” Mars, forcing Helldiver training facilities to be moved to another planet.

Mars has been razed by the Illuminate. All Helldiver Training Sites across the planet, where rigorous, thorough, and safe training of the Galaxy’s Elite has long occured, have been destroyed. The expert and seasoned facility PA operators who facilitated the training died… pic.twitter.com/16yEhLK0MM

— HELLDIVERS™ 2 (@helldivers2) May 20, 2025

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All these losses have got them pretty amped up to defend Super Earth too. “Super Earth’s hyper-urbanized landscapes once grew bountiful wheat. Soon, Illuminate blood shall make it fertile again,” a user with the handle Efficient_Menu_9965 wrote in one of those threads, while Diamondeye12 busted out the caps lock to bellow: “WE WILL HOLD SUPER EARTH TILL THE LAST MAN WOMAN AND CHILD.”

Arrowhead’s briefing for the order’s conclusion is every bit the ra-ra speech you’d expect with such an important clash in the offing. “Millions of Helldivers—paragons of valor, fortitude, and unshakable obedience—undaunted by a knowingly unwinnable fight, formed Democracy’s first line of defense,” the studio wrote making it clear this had not been “in vain”.

“Firstly, this heroic stand impeded the unforeseen Illuminate offensive and, in a testament to our martial superiority, reduced their estimated fleet strength by 21.5%,” it continued, “Additionally, the time secured by their sacrifice has been fully utilized: Mega Cities are now heavily fortified, garrisons reinforced by SEAF battalions recalled from distant sectors.

“The fight for our Freedom is upon us. There is no fallback. All eyes now turn to Liberty’s Heart, as the Helldivers prepare to fight for the very survival of Managed Democracy.”

So, get ready to lock and load. There’s a planet to defend, and you can’t just drop a crap tonne of mechs on your foes anymore.

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May 21, 2025 0 comments

Crypto Trends

XRP Eyes ETF Launch After XRP Futures Debut: Nate Geraci

by admin May 20, 2025

XRP ETF underway?
XRP price today

Nate Geraci, the cofounder of the ETF Institute and president of the ETF Store, issued an X post on May 19, expressing confidence about XRP’s next big move after the debut of the much-awaited XRP futures.

The Ripple community is set for more institutional adoption, all thanks to CME’s decision to expand its suite of regulated crypto derivatives by including XRP. Per the development, the XRP futures contract will be issued based on the CME CF XRP-Dollar Reference Rate, which represents cash-settled futures.

Notably, this eliminates the need for the physical delivery of XRP coins when a contract concludes. Thus, this seeks to address the fast-growing demand for digital assets like XRP among institutions.

While this marks a notable milestone for the broad crypto market and the XRP community, this major development has made headlines as XRP traders debate what’s next for the leading altcoin.

XRP ETF underway?

On Monday, Nate Geraci took to X (formerly Twitter) to disclose the launch of regulated XRP futures contracts on the renowned crypto derivatives trading platform, Chicago Mercantile Exchange (CME).

While the contracts have been regulated by the Commodity Futures Trading Commission (CFTC), institutional investors now have secure access to exploring the digital asset as they leverage new avenues for exposure and hedging strategies.

XRP price today

Although XRP has been trading sideways in recent days, this major development poses a long-term impact on its performance as traders expect this to mark the beginning of a major bull run.

Source: CoinMarketCap

As of today, XRP has declined slightly by 0.77% over the last 24 hours, but its trading volume shows a massive 63.87% surge. XRP is trading at $2.37 as of press time.

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May 20, 2025 0 comments