Polymarket’s 2025 prediction markets have over $1 billion wagered on sports betting

Sports drive Polymarket as traders look beyond elections for 2025 betting opportunities.

Dec 31, 2024

Happy Tuesday!

In today's CryptoSlate newsletter, we delve into the latest developments reshaping the cryptocurrency landscape. Polymarket is making waves with over $1 billion wagered on sports betting for 2025, signaling a shift in focus from political predictions to athletic events. Meanwhile, Tether has ramped up its Bitcoin reserves, acquiring an additional 7,629 BTC valued at approximately $705 million, amidst rising regulatory scrutiny from the EU's MiCA regulations. In lending news, NYDIG is exploring float financing options to enhance liquidity for Bitcoin holders without sacrificing their asset exposure. Finally, Solana continues to shine, achieving record-breaking trading volumes in decentralized exchanges this December, solidifying its position as a leader in both spot and derivatives markets. Stay tuned for more insights on these pivotal stories!

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The global crypto market cap is $3.31 trillion, with a 24-hour volume of $133.43 billion. The price of Bitcoin is $95,450.33, and BTC market dominance is 57.1%. The price of Ethereum is $3,410.97, and ETH market dominance is 12.4%. The best-performing sector is Deflationary, which gained 17%. The Crypto Fear & Greed Index is currently Greed (64).