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Myriad Moves: Bitcoin’s Odds of New All-Time High Jump by 50%

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In brief

  • Crypto markets have swung bullish this week, shifting odds dramatically back in favor of new all-time high marks for Bitcoin and Solana.
  • Predictors believe Bitcoin is much more likely to hit $125,000 before $105,000, as it topped $121K on Thursday.
  • Speculation about a Polymarket token is picking up steam, but predictors don’t expect an announcement before the end of the year.

Fickle prediction market users went from bullish to bearish in the last few weeks as crypto prices dipped and demand stagnated. But after consecutive green days following the U.S. government shutdown, predictors are once more leaning bullish.

That’s once more led to notable swings in Myriad’s most traded prediction markets involving Bitcoin and Solana. 

Here’s a deeper look into some of the most-traded markets on Myriad this week. 

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

Bitcoin’s next hit: Moon to $125K or dip to $105K?

Market Open: July 10
Market Close: Open to resolution
Volume: $379K
Link: See the latest odds on the “Bitcoin’s next hit: Moon to $125K or dip to $105K” market on Myriad

Bitcoin got within $872 of hitting $125,000 on August 14, sending odds for this popular market to hit 94% in favor of “$125,000.” 

But the brief euphoria that had predictors nearly certain of a move to $125,000 soon faded. By August 29, odds of $125,000 shrunk to 25.2% as bears took control. 

Now, as the top crypto asset reclaimed $120,000 on Thursday, predictors have once more found their bullish streak. Odds of mooning to $125,000 have jumped by more than 50% in the last two days, drastically swinging from as low as 28% to its current standing of 81% as of Thursday afternoon.

Maybe it’s “Uptober.” Historically a strong month for Bitcoin, BTC has been green in nine of the last ten Octobers, adding fuel to the meme that another strong month is pre-ordained for the market. 

While analysts told Decrypt this week that macro traders aren’t likely to trade solely based on calendars, increasing odds of rate cuts and strong ETF inflows are creating conditions that support the move upward.

Will it be enough to create a new all-time high at $125,000? 

What’s Next? Thanks to a nearly 11% gain this week, BTC sits just 2.6% off its all-time high and 3.47% from $125,000.  

Will Polymarket announce a token this year?

Market Open: August 6
Market Close: December 31
Volume: $105K
Link: See the latest odds on the “Will Polymarket announce a token this year?” market on Myriad

Prediction market headlines have been abundant throughout the last year, as the use case becomes one of crypto’s most important consumer breakthroughs. 

And now, one of the leading prediction markets, Polymarket, is expected to make its return to U.S. markets. 

Regulatory filings show that the market could be open to U.S. residents as soon as Thursday, four years after it was banned by the CFTC. Though its return does not signal any intent to launch a token, earlier reports suggested the prediction market is mulling a potential token launch. 

Predictors on Myriad do not think the firm will announce a token—at least not in 2025. 

Odds of Polymarket announcing plans for an initial coin offering (ICO) or token generation event (TGE) in 2025 now stand at 25% on Myriad. In other words, predictors think there is a 73% chance that the leading prediction market platform will not announce any token-related news before the year ends. 

That marks an odds shift of around 23% in the last few days, leading to a strong deviation in the pair of options after the market had ranged between 40-60% since its inception. 

Some users are speculating that the firm will give U.S. users an opportunity to “farm” its hypothetical token prior to an official announcement and launch, but there’s nothing official yet. And as time ticks down on the year, the odds of token news are slipping.

What’s Next? Polymarket’s U.S. launch is apparently imminent. 

New Solana all-time high this year?

Market Open: August 6
Market Close: December 31
Volume: $105K
Link: See the latest odds on the “New Solana All-Time High By Year End” market on Myriad

At $232, Solana sits 20.6% off its all-time high of $293.31, but predictors on Myriad are split on whether or not the asset will make a high mark this year. 

The sixth-largest crypto asset by market cap has outperformed its leading peers this week, jumping more than 19% in that time while Bitcoin and Ethereum have gained just 10.7% and 16.9%, respectively. 

The momentum has swung back on the volatile all-time high prediction market, with odds now standing at 54% in favor of “yes,” while 46% of predictors do not expect a new all-time high before the calendar turns to 2026.

That represents about a 6% swing in the last few days as predictors give way to the momentum of the SOL price movement.

Odds have been seesawing in this market, with odds of “yes” falling as low as 37.7% last week. The week before that, they rose as high as 65.5%. 

The current upswing, though, could soon be buoyed by long-awaited catalysts, like the anticipated approval of Solana ETFs—where approval odds are “really 100% now,” according to Bloomberg ETF Analyst Eric Balchunas.

To Balchunas, it’s no longer an if, but a when for the SOL ETFs—and that when is likely to be any day now. 

Add in the fact that Forward Industries plans to add another $4 billion in funding for SOL purchases and new digital asset treasuries like VisonSys are joining the queue, and an all-time high may be in sight. 

What’s Next? Solana ETFs are expected to go live in October.

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Myriad Moves: Ethereum and Solana Sentiment Flips Bearish as Prices Tumble

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In brief

  • A volatile crypto market has led to drastic odds shifts on some of Myriad’s most-traded prediction markets.
  • Predictors have flipped bearish on Ethereum and PENGU, now suggesting both are more likely to “dump” then rise to new heights.
  • While a Solana all-time high by the year’s end felt likely last week, predictors now no longer expect it.

The crypto market is slumping this week as liquidations surge, prompting major changes to some of Myriad’s most traded prediction markets. 

In the span of a week, predictors have flipped from bullish to bearish, swinging the odds completely for markets related to the price of Ethereum, Solana, and Pudgy Penguins’ culture coin, PENGU. 

Here’s a deeper look into some of the most-traded markets on Myriad this week. 

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

Ethereum’s next hit: moon to $5K or dip to $3.5K?

Market Open: August 11
Market Close: Open to resolution
Volume: $140K
Link: See the latest odds on the “Ethereum’s Next Hit: Moon to $5K or Dip to $3.5K” market on Myriad

The euphoria around the short-lived Ethereum all-time high push last month has all but faded at present time. The second-largest crypto asset by market cap came within $54 of hitting $5,000 in late August, but has since slid below $4,000 at the time of writing. 

That price volatility has mirrored itself on the Myriad market that asks predictors about the next stop for ETH—$3,500 or $5,000. 

Since the market opened on August 11, predictors had leaned bullish, with odds hitting as high as 81% in favor of $5,000 on September 13. Less than two weeks later, though, the market has flipped bearish, with predictors now favoring a dip to $3,500 at 68%. 

After a hectic race to accumulate Ethereum, digital asset treasuries have cooled their pace of late and Ethereum ETFs have seen three consecutive days of outflows, further pulling the price of ETH down alongside the broader market.

Now more than 20% off its all-time high, ETH sits around 11% from the $3,500 level in this market. Holders looking to hedge their positions on Myriad could stand to gain around 32% should the asset fall to that marker sooner than it can make the leap to $5,000.

What’s Next? ETH is now down 15% in the last seven days, with analysts telling Decrypt on Thursday that a key support level sits at $3,000. 

New Solana all-time high by year end?

Market Open: August 6
Market Close: December 31
Volume: $94.4K
Link: See the latest odds on the “New Solana All-Time High By Year End” market on Myriad

Solana made a new all-time high of $293.31 in January as it gained enormous amounts of attention and momentum amid the launch of the President’s official meme coin. 

Since that time though, it’s fallen 32% to $197.14. 

Myriad asks predictors whether or not SOL will hit a new all-time high before the end of the year. Last week, predictors said “yes,” giving 66% odds of a new high mark for SOL before 2026. 

Fast-forward one week, however, and things are much different. 

SOL has fallen more than 21% in the last seven days as the broader market slumps, pulling down odds of the new all-time high by a similar amount. Those odds now stand at 43% as predictors lean bearish on the feat. 

The token’s slide stands in the face of increasing Solana treasury buy pressure, one part of the recipe that Bitwise CIO Matt Hougan identified is crucial for an “epic” end to the year for SOL. Last week, Forward Industries bought nearly $1.6 billion worth of SOL for its treasury. It later filed for $4 billion more in funding to fuel additional purchases. 

That buy pressure combined with looming ETF decisions in the next month could be a catalyst for the run to a new all-time high. But is it already priced in? Predictors must think so. 

What’s Next? SEC decisions on as many as 90 ETFs, many tracking Solana, are expected in mid-October. 

PENGU price: pump to $0.05 or dump to $0.02?

Market Open: September 16
Market Close: Until resolution
Volume: $22.1K
Link: See the latest odds on the “PENGU Price: Pump to $0.05 or Dump to $0.02?” market on Myriad

Since its launch late last year, PENGU has provided Pudgy Penguins enthusiasts with an opportunity to invest in a fungible asset—something other than the Ethereum NFT collections tied to the brand. 

The ecosystem’s culture coin launched on Solana in December and quickly jumped above $0.06 before retracing in the following weeks—and trading well below $0.01 for most of Q1. After another steep rise this summer, the token has fallen 29% in the week, now changing hands at $0.027. 

The recent price action has led to volatility in Myriad’s prediction market, which asks predictors which stop is next for PENGU—$0.05 or $0.02. 

Last week, predictors were bullish, placing odds at $0.05 at more than 68% this time last Thursday. But in just one week, the odds have done a complete reversal, shifting more than 30% in both directions and now favoring $0.02 as the likely next step for PENGU. 

PENGU hasn’t been as low as $0.02 since July, and to get there, it would need to fall a further 27% from today’s mark. Predictors feel that’s much more likely than an 82% jump to $0.05. 

What’s Next? A decision on Canary’s PENGU ETF is due in the coming weeks. If approved, could it be a catalyst needed to propel the asset back towards $0.05?

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Why Are Myriad Users Betting on the Color of Fed Chair Powell’s Tie Today?

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In brief

  • Myriad traders are betting on whether Jerome Powell will wear a purple tie at the September FOMC press conference—odds heavily favor Yes.
  • Purple has become Powell’s signature color, signaling the Fed’s commitment to neutrality over partisan “red vs. blue” politics.
  • The quirky market highlights how prediction platforms are moving beyond rate calls to trade on symbolism and style cues.

A peculiar but revealing market is getting serious traction on Myriad: Will Fed Chair Jerome Powell wear a purple tie during the September FOMC press conference?

As of now, the crowd overwhelmingly believes yes. But it’s not just about fashion—this prediction market taps into deeper symbolism around the Fed’s public identity.

According to a recent report by Columbia Business School, Powell’s choice of a purple tie is no accident. Brett House, economist and professor at Columbia, noted that Powell’s consistent use of purple is a part of reinforcing the Federal Reserve’s image as non-political in an era of heightened polarization. 

Here’s what’s known:

When asked, Powell said purple was once just a personal preference. But over time, he began to see its utility: “Maybe not red. Maybe not blue. So I wind up wearing purple.” He saw purple as a neutral ground, signaling a lack of alignment with either side of the political spectrum. And lately, it’s become something of a signature. 

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

He explicitly frames this aesthetic (tie color) as helping project the message that the Fed is strictly non-political—not embracing party red or blue, but purple in between. 

So when people are putting money on “Powell wears purple,” they aren’t just betting on wardrobe chance—they’re betting on consistency, signaling, and public messaging.

The Myriad market: Purple tie or not?

Here’s what the market looks like:

  • Question: Will Jerome Powell wear a purple tie during the September FOMC press conference?

  • Large sentiment says Yes. Significant volume is leaning that way. (Exact figures shift with time.)

  • Resolution rules: Must be purple or a pattern where purple is the dominant color. Shades like lavender or violet qualify; red, blue, or burgundy do not. The market typically closes shortly before the event, and official feeds/video resources will decide.

Because of Powell’s established pattern and public statements, the “Yes” side seems to carry weight beyond random guesswork.

Things that could upset the odds

  • Lighting/camera differences: A tie that looks violet on camera might register differently under stage lights, or in certain video streams.

  • Tie patterns/mixed colors: A tie with multiple colors where purple isn’t dominant could create disputes.

  • Last-minute changes: Powell could change his wardrobe plan; things like his stylist’s decisions, availability of a tie, or even mood might matter.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Myriad Hits $10M USDC Trading Volume as Prediction Markets Become ‘New Segment of DeFi’

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Prediction market protocol Myriad has passed $10 million in USDC trading volume with over half a million users, as it builds on its mission to make information itself a tradable asset class.

The protocol’s rapid expansion is “building the rails for prediction markets to evolve beyond a niche crypto product and become an entirely new segment of DeFi,” Loxley Fernandes, co-founder and CEO of Myriad, said in a statement shared with Decrypt.

“Financial markets have always been about speculation, but Myriad is turning speculation into a product,” Fernandes said, adding that Myriad’s success demonstrates that “trading ideas and forecasts is not only possible, it’s the next frontier for capital markets.”

Created by Decrypt and Rug Radio’s parent company DASTAN, Myriad launched its USDC markets in March 2025. In July, Myriad expanded to Ethereum Layer-2 network Linea, marking a key stage in its evolution into a multichain prediction markets protocol designed to power a “new class of DeFi products.”

To date, Myriad users have installed its browser extension over 60,000 times and made more than 5.4 million predictions across categories including sport, politics, culture and crypto—taking in everything from Nvidia’s market cap to how many birds would fly over Texas on a given night.



Myriad continues to develop both its consumer platform and a B2B protocol for other prediction applications. Its future roadmap includes integrations with EigenLayer and EigenCloud, as well as plans for introducing blended oracles and a framework for ERC-PRED, a new asset class designed for prediction markets.

With prediction markets expected to surpass the stock market in the next decade and a half, Myriad is preparing to make prediction markets a pillar of global DeFi. Ultimately, its aim is to do for financial derivatives and predictions what Robinhood did for stocks and securities, Fernandes said—building a protocol that enables users to “tokenize your opinions with just three taps of your finger.”

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Myriad Moves: Will Dogecoin Pump or Dump? And How Big Will SharpLink’s Ethereum Treasury Get?

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In brief

  • Top markets on Myriad this week focus on Dogecoin’s next move, SharpLink’s Ethereum holdings, and the U.S. Open.
  • Predictors think SharpLink Gaming will achieve its goal of accumulating 1 million ETH by September 16.
  • They also lean bullish on DOGE, expecting a pump to $0.30 before a dump to $0.15.

Have a strong opinion on who’s taking home the U.S. Open men’s singles title, where Dogecoin’s price is headed, or SharpLink Gaming’s path to holding 1 million Ethereum (ETH)?

You can make your call on those hot topics and many more via Myriad Markets’ prediction markets on Ethereum layer-2 networks Abstract and Linea.

Prediction markets have quickly become one of crypto’s most popular consumer apps, giving users a chance to put their money where their mouth is on everything from sports and pop culture to token prices and corporate moves. 

Here’s a look at the hottest Myriad markets this week.

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

Will SharpLink (SBET) hold 1M ETH by September 16?

Market Open: August 6
Market Close: September 14
Volume: $8.96K
Link: See the latest odds on the “Will SharpLink (SBET) Hold 1M ETH by September 16?” market on Myriad

Minneapolis-based SharpLink Gaming adopted an Ethereum treasury strategy in April and has already amassed more than $3.6 billion worth of the second-largest crypto asset by market cap.

But the firm doesn’t want to stop there, aiming to acquire 1 million ETH as its first major milestone. Thus far, it sits nearly 80% of the way there, having acquired just shy of 800,000 ETH as of its latest announcement on Tuesday.

Predictors on Myriad though are asked whether or not the firm will complete its goal in the coming weeks and stash away 1 million ETH by September 16. 

As of Thursday morning, predictors give the firm around a 56% chance of accomplishing the feat, a drop of around 14% in the last week despite SharpLink’s recent addition of more than 55,000 ETH. 

In its Tuesday announcement, the firm also indicated it has around $200,000,000 in cash on hand ready for ETH purchases and had raised an additional $360 million via its at-the-money (ATM) offering to do the same. 

With that much purchasing power, it could add around 122,000 ETH based on today’s Ethereum prices. Unfortunately though, even a major purchase of 122,000 ETH would leave SharpLink about 80,000 ETH shy of its target. 

Plus, the firm has only ever purchased more than 100,000 ETH on two separate occasions according to data from StrategicETHReserve.xyz. 

But it may not need a major splash purchase in order to accomplish the task by September 16. 

SharpLink only needs to average around 67,000 ETH for each of the next three weeks to get the job done—an amount it exceeded with six of its last seven Ethereum acquisitions.

What’s Next? The firm typically announces its purchases on Tuesdays. There are three Tuesdays left before the market resolution. 

Will Sinner win the U.S. Open men’s singles title?

Market Open: August 14
Market Close: September 7
Volume: $30.6K
Link: See the latest odds on the “Will Sinner Win the U.S. Open Men’s Singles Title?” market on Myriad

Tennis is back in the Big Apple, wrapping the tennis calendar’s Major Championship season with a final two-week event in New York City—the U.S. Open. 

Reigning champion and recent Wimbledon victor Jannik Sinner is the favorite, and Myriad predictors are tasked with identifying whether or not he’ll raise the trophy once more. 

As play enters the second round, predictors are split, giving Sinner a 51.4% chance of walking out of New York with his second straight U.S. Open crown. But rival Carlos Alcaraz is still in the draw, and so is 24-time major champ, Novak Djokovic. 

Nevertheless, the odds are in line with those from traditional sportsbooks like DraftKings and FanDuel, which offer Sinner at -105 in American odds or around a 51.22% implied probability. 

Odds for the Italian have jumped around 4% in the last seven days on Myriad as his draw has eased up, losing top British talent and #5 seed Jack Draper to injury withdrawal.

On the other side, Alcaraz—the second-most likely to win the tournament—will face a much tougher road to the final, potentially needing to get through Americans Ben Shelton or Taylor Fritz, and maybe even Djokovic, who all grace his side of the bracket. 

What’s Next? Sinner will play his second round match at 12:30p.m. ET on Thursday. 

Dogecoin’s next move: Pump to $0.30 or dump to $0.15

Market Open: August 25
Market Close: Open Until Resolved
Volume: $924
Link: See the latest odds on the “Dogecoin’s Next Move: Pump to $0.30 or Dump to $0.15” market on Myriad

Bitcoin and Ethereum have both made new all-time highs this year—both this month, even—but Dogecoin still sits more than 69% off its top mark of $0.73 from 2021. 

Yet, whales are still stacking the meme coin anyway, and its market cap is still high enough to fall inside the top 10 of all crypto assets according to data from CoinGecko. 

A new prediction market on Myriad asks predictors to guess the token’s next move—a pump to $0.30 or dump to $0.15. With the token price stuck right in the middle, trading hands at $0.22 as of Thursday morning, predictors are also split down the middle. 

Odds for a pump to $0.30 edge out a dump, priced at 54% at the time of writing as Dogecoin has climbed around 2% in the last 24 hours. 

The token has jumped over 100% on the year, but will need another 33% boost to reach $0.30 from here—a mark it hasn’t held since February. 

What type of catalyst might help propel it further? It won’t immediately come from an ETF. The Securities and Exchange Commission (SEC) recently announced it was delaying its decision on a spot Dogecoin ETF applied for by Grayscale. 

But “believers” are still accumulating the asset, with an analyst recently telling Decrypt that “long-run investors [are] positioning for potential upside.”

Will those believers be rewarded with $0.30 DOGE soon? Dogecoin is the only non-stablecoin asset in the top 10 cryptocurrencies that hasn’t hit an all-time high in the last year, so maybe it’s due for a serious surge. Maybe not.

What’s Next? Though delayed, decisions on spot ETFs for Dogecoin and other alternative cryptocurrencies could come by October according to Bloomberg ETF analyst, Eric Balchunas.

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