Tag:

markets

Aptos’ APT Falls 4% as Crypto Markets Retreat

by admin August 25, 2025

Aptos’ APT fell 4% over the 24-hour trading period, fluctuating within a 10% range, according to CoinDesk Research’s technical analysis model.

The token made a session high of $4.80 and a low of $4.38, initially advancing to $4.80 before declining sharply to $4.43 by morning hours, then consolidating around $4.45 with modest recovery indicators in the final trading hour, the model showed.

Significant volume-backed support materialized around the $4.38-$4.41 price zone, where institutional buying emerged, with the final hour demonstrating recovery momentum toward $4.45, suggesting potential market stabilization following the 9% decline from peak to trough, according to the model.

The drop in APT came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, down 3.2%.

In recent trading, Aptos was 3.7% lower over 24 hours, trading around $4.43.

On the news front, the EXPO2025 digital wallet, powered by Aptos, had half a million new accounts and 4.4 million transactions, according to a recent post on X. Meanwhile, DeFi lending protocol Aave recently launched on Aptos. This marked Aave’s first-ever deployment on a non-EVM (Ethereum Virtual Machine) compatible blockchain.

Technical Analysis:

Exceptional trading volume of 6.6 million during 19:00 hour supported initial rally, followed by sustained volume support around $4.38-$4.41 price zone.
Clear ascending channel formation with successive higher lows at $4.39, $4.42, and $4.45 levels during the recovery phase.
Three distinct volume-driven rallies during the final hour breakout above $4.41 resistance level.
Strong institutional buying interest emerged at $4.38-$4.41 zone, establishing key support following 9% decline from peak.
The next psychological resistance level was identified at $4.50 following a successful breakout above $4.41.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Source link

August 25, 2025 0 comments

NFT Gaming

Crypto Markets Today: Bitcoin Dominance Slip While Hyperliquid's Volume Soars to $3.4B

by admin August 25, 2025

What would a market that refuses to rally sustainably on the back of positive catalysts be called? A weak one, presumably.

Looking under the hood, there is more than one single catalyst that's driving this market's volatility.

Bitcoin (BTC) has retraced back to roughly where it was before the Fed Chairman Jerome Powell spoke dovishly on Friday. More losses could be in the pipeline if the support near $107,500 gives way, technical charts indicate.

Meanwhile, spot and options market flows point to a rotation into ether from bitcoin.

“BTC dominance slipped from 60% to 57% on the rotation. While still above the sub-50% levels of the 2021 altcoin season, positioning is feeding talk that whales expect ETH to outperform. If staking ETFs for ETH win approval later this year, that narrative would gain further support,” Singapore-based QCP Capital said in its daily market update.

Derivatives Positioning

BTC and HYPE's global futures open interest have increased by 1% and 3%, respectively, in the past 24 hours, bucking the broader trend of outflows observed in other top 10 tokens.
Cumulative open interest in USD and USDT-denominated perpetual futures across leading exchanges such as Binance, Bybit, OKX, Deribit, and Hyperliquid remained flat on Friday despite the price rally. However, since then, open interest has risen from approximately 260,000 BTC to 282,000 BTC, indicating a “sell on rally” sentiment among traders.
The opposite is the case in the ether market, where the OI ticked higher during Friday's rally and has retreated with the price pullback. This pattern suggests a temporary pause in bullish momentum rather than the establishment of new short positions, indicating a bullish breather rather than a shift toward bearish sentiment.
Speaking of funding rates, except for ADA, most tokens see positive rates, indicating a net bias for bullish long positions.
Altcoin futures OI exploded by more than $9.2 billion in a single day on Friday, pushing the combined total tally to a new high of $61.7 billion. “Such rapid inflows highlight how altcoins are increasingly driving leverage, volatility, and fragility across digital asset markets,” Glassnode said.
On the CME, open interest in ether options hit a notional record high of over $1 billion on Friday. This follows a record number of large holders in the futures market early this month. Ether futures OI hit a new high above 2 million ETH.
Notional open interest in BTC options rose to $4.85 billion, the highest since April, as futures activity remained subdued.
On Deribit, BTC options continued to show a bias for puts out to the December expiry, contradicting the post-Powell bullish sentiment in the market. In ether's case, calls traded at a slight premium.

Token Talk

Hyperliquid hit a new 24-hour spot volume ATH of $3.4B, powered by surging BTC and ETH deposits and trading via Hyperunit.
This spike positioned Hyperliquid as the second-largest venue for spot BTC trading, across both centralized and decentralized platforms, with $1.5B in BTC volume alone.
Such volume milestones improve Hyperliquid’s appeal by proving its ability to handle institutional-scale order flow.
The platform’s architecture — built on HyperCore (Layer‑1 with HyperBFT consensus) and HyperEVM — delivers sub-second finality, high throughput, and EVM compatibility, making it highly attractive to both high-frequency traders and DeFi builders.
Its growing volume, especially in BTC spot markets, strengthens Hyperliquid’s value proposition as a liquidity layer in DeFi, reinforcing its “AWS of liquidity” thesis driven by performance and infrastructure depth.
Spot growth complements its perpetuals dominance—where the platform already captures 60–70% of DEX market share, delivering more on-chain revenue than even Ethereum.
High spot volume translates into real benefits for HYPE holders — its token benefits from regular buybacks funded by trading fee flows via its Assistance Fund, tying platform usage directly to long-term token value.

Read more: Here Is Why Bitcoin's Flash Crash May Signal Altcoin Season: Crypto Daybook Americas

Source link

August 25, 2025 0 comments

Crypto Trends

AI Now Matches Prediction Markets in Forecasting Real Events, Study Finds

by admin August 21, 2025

In brief

Prophet Arena tests AI models by having them predict real-world, unresolved events, with GPT-5 currently leading the rankings.
AI models show distinct prediction “personalities” and often diverge from market consensus, sometimes generating high returns.
Early results suggest AI can forecast as accurately as prediction markets, potentially transforming institutional decision-making.

A new artificial intelligence benchmark launched in August shows that AI models can forecast real-world events as accurately as prediction markets—and sometimes better, according to researchers at the University of Chicago’s SIGMA Lab.

Prophet Arena evaluates AI systems by having them predict the outcomes of live, unresolved events drawn from platforms like Kalshi and Polymarket—ranging from election results to sports matches and economic indicators. Unlike traditional benchmarks that test models on historical data with known answers, Prophet Arena tests AI against future predictions.

“By anchoring evaluations in unresolved, real-world events, Prophet Arena ensures a level playing field. There is no pre-training advantage, no secret fine-tuning trick, no leakage of test samples,” the Prophet Arena team said in the benchmark’s official blog post.

The benchmark says it is trying to address a fundamental question about artificial intelligence: “Can AI systems reliably predict the future by connecting the dots across existing real-world information?”

Early results suggest they can. GPT-5 currently leads the leaderboard with a Brier score of 82.21%. Meanwhile, OpenAI’s o3-mini model has emerged as the profit champion, generating the highest average returns when its predictions are translated into simulated bets (usually an underdog with enough chances to win can provide a lot more return, given the proper conditions).

DeepSeek R1 appears to be the contrarian AI in the group, frequently making predictions that diverge sharply from both other models and market consensus, so probably not the best model to trust if you want to make a quick buck on Myriad Markets.

The platform reveals distinct “personalities” among AI models when facing identical information. In one example, when predicting whether AI regulation would become federal law before 2026, the market assigned just a 25% probability. But the models diverged wildly: Qwen 3 predicted 75%, GPT-4.1 estimated 60%, while Llama 4 Maverick stayed conservative at 35%.

In another case, o3-mini earned a simulated $9 return on a $1 bet by correctly predicting Toronto FC would beat San Diego FC in a Major League Soccer match. The model gave Toronto a 30% chance of winning, while the market priced it at just 11%. Toronto won.

“(Prophet Arena) tests models’ forecasting capability, a high form of intelligence that demands a broad range of capabilities, including understanding existing information and news sources, reasoning under uncertainty, and making time-sensitive predictions about unfolding events,” the researchers wrote.

The Prophet Arena also enables human-AI collaboration. Users can supply additional news and context to see how predictions shift, while AI models provide detailed rationales for their forecasts.

As prediction markets themselves integrate AI—Kalshi recently partnered with Elon Musk’s Grok, while Polymarket generates AI-powered market summaries—Prophet Arena offers the first systematic comparison of machine forecasting against collective human judgment.

And, if they get really good at it, then machines can be purely factual, with no sentiments or emotions playing a role in the decisions. They could potentially match or exceed the wisdom of crowds, changing the way institutions approach risk assessment, investment decisions, and strategic planning.

The Prophet Arena platform continues updating daily as events resolve, providing an evolving picture of whether artificial intelligence can truly predict the future by connecting today’s dots.

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.

Source link

August 21, 2025 0 comments

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%)

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

August 21, 2025 0 comments

Esports

Heavy Locomotives and Integrated Commodity Markets coming to Brass:Pittsburgh

by admin August 21, 2025

The steady trickle of information about Roxley’s follow-up to megahit game Brass: Birmingham continues this week with two mechanics reveals, Heavy Locomotives and Integrated Commodity Markets:

Heavy Locomotives

Unlike traditional Brass games, Heavy Locomotives are a permanent addition to your industrial empire. You start with 2 locomotives and can unlock more on your player board throughout the game. These powerful engines are never removed during the rail era transition, making them a lasting investment. Each Heavy Locomotive provides a special bonus when built, representing the massive advantage that superior rail technology provided during the Gilded Age.

Having a permanent piece on the board that remains even with an era change may be the secret wish of every Brass:Birmingham player. It will be interesting to see how that plays.

Integrated Commodity Markets

One of the most praised innovations by playtesters is the integration of commodity markets directly into the board. Unlike Birmingham and Lancashire, where commodities can move without network connections, all commodities in Brass: Pittsburgh must travel via established rail links. If you want to buy from a market, you must be connected by rail. But you can also pay the exorbitant “Vanderbilt price” to purchase any commodity at any time, even without a rail connection, giving players a usually undesirable but always available backup plan. This represents Cornelius Vanderbilt’s stranglehold on commerce in the region. His rail empire connected markets and enabled commerce on an unprecedented scale, and he held the title of richest man in the world from the 1850s until his death in 1877.

Assuming Pittsburgh retains the debt mechanics of Birmingham, the “Vanderbilt price” seems like it will be everyone’s favorite new way to abuse their credit in the game. Being able to purchase any commodity at any time is just too tempting.

What’s next?

Expect another reveal next week, and every week leading into the crowdfunding launch! In the meantime, sign up on the Gamefound page and join the conversation!

Share this article

The link has been copied!

Affiliate Links

Source link

August 21, 2025 0 comments

Crypto Trends

Sonic Labs Proposes Token Issuance to Enter U.S. TradFi Markets

by admin August 21, 2025

Sonic Labs is moving to expand $S into U.S. traditional finance, aiming for ETFs, ETPs, and NASDAQ PIPE structures. The proposal, announced via X, targets institutional adoption and a stronger U.S. presence.

This project is set to be led by Sonic USA LLC, which will bring on a CEO and put together a team based in the U.S. to tackle market and regulatory opportunities.

To ensure swift strategic moves, the proposal also rolls out updated tokenomics. The plan includes launching new tokens to support a $100 million NASDAQ PIPE, a $50 million ETF allocation, and 150 million $S tokens for Sonic USA’s operations.

Right now, Sonic Labs is at a bit of a disadvantage since it only holds a small fraction of its initial allocation. Other L1 chains hold onto 50–90% of tokens, allowing for quick collaborations and increased market visibility for strategic reasons.

Strategic Goals and Token Usage

Sonic is set to fund three projects with this issuance’s tokens. To kick things off, they’ll partner with BitGo to ensure secure custody and work with an ETF provider for tracking $S in ETP/ETF products. This initial phase will provide liquidity support and ensure everything meets institutional-grade compliance.

Moreover, Sonic’s financial strategy will be bolstered by NASDAQ PIPE allocations, paving the way for long-term treasury inclusion and open market acquisitions.

Sonic USA LLC also plans to bring in new leadership, establish an office in New York City, and push for regulatory harmonization to drive domestic growth. Plus, every token transaction will be transparently recorded on-chain.

The plan also includes updates to the gas fee structure. Ninety percent of FeeM transactions are directed to builders, while five percent goes to validators, and the remaining five percent is set to be burned. For non-FeeM transactions, half will be allocated to validators, and the other half will be burned.

These changes aim to reduce net inflation, create a deflationary atmosphere, and boost the value of the $S.

Through modernizing its tokenomics and expanding into the U.S. market, Sonic could enhance its competitive edge. With the issuance of strategic reserves, Sonic can become more agile in seizing opportunities in traditional finance, improve its visibility on platforms like CoinMarketCap and CoinGecko, and encourage wider adoption.

Also Read: Kraken Expands xStocks to Tron, Boosting Access and DeFi Trading

Source link

August 21, 2025 0 comments

NFT Gaming

SEC Boss Calls for Protecting Crypto Markets Against ‘Regulatory Mischief’

by admin August 20, 2025

A new day for crypto
Future-proofing crypto industry

U.S. Securities and Exchange Commission Chair Paul Atkins has stated that the agency must craft a framework that would protect cryptocurrency markets against regulatory mischief in the future.

“I look forward to working with my counterparts across the Administration and Congress to get the job done,” Atkins stressed.

As reported by U.Today, Atkins stated that the agency was mobilizing all of its divisions in order to be able to achieve cryptocurrency dominance while also stressing that he was looking forward to more progress in Congress when it comes to cryptocurrency-focused legislative efforts.

A new day for crypto

During a recent appearance at the 2025 Wyoming Blockchain Symposium, which is taking place in Jackson Hole, Atkins stressed that it is “a new day” for the cryptocurrency industry.

“You know, the lawfare that was being waged over the last few years is, you know, even more than I imagined, he stressed.

Atkins has recalled that the SEC went from a “head-in-the-sand” approach, hoping that crypto would just go away, to active regulation by enforcement under Gensler.

Now, however, the SEC is embracing innovation. “We want to embrace innovation and, historically, the SEC, frankly, has not shunned innovation,” Atkins added.

Future-proofing crypto industry

Atkins has added that there are a lot of questions that have to be answered, stressing the importance of the recently passed GENIUS Act, which brings much-needed clarity to the stablecoin sector.

At the same time, he has stressed the need for future-proofing the industry from regulatory overreach, stressing that things will be different five or ten years from now.

“So, all I’m pleading for is, you know, flexibility so that we can keep the regulatory scheme adaptable to changes in the marketplace and technology as we go forward,” he added.

Source link

August 20, 2025 0 comments