Crypto is leading the race to build the ultimate gambling super-app

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Kalshi is reportedly preparing to offer US crypto perpetual futures, while Polymarket announced today that perpetual contracts are coming to its platform and opened early access sign-ups. Hyperliquid's docs support outcome token trading alongside its mainnet-deployed perpetuals via the Hyperliquid Improvement Proposal 4 (HIP-4). Pump.fun has evolved over the past few years into a social […] The post Crypto is leading the race to build the ultimate gambling super-app appeared first on CryptoSlate.

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New analysis suggests US-based whales are driving Bitcoin's (BTC) price rebound to $64,000. The Coinbase Premium Index, a key indicator of demand on the largest US crypto exchange, shows signs of recovery, bouncing off local lows and reclaiming its 14-day moving average, though still in negative territory.

Cointelegraph

Developing·3d ago

DeFi Tokens Outperform Bitcoin, Suggesting Market Re-rating, Says Bitwise

Decentralized finance (DeFi) tokens have shown unusual resilience against Bitcoin's decline in June, with Bitwise suggesting a market re-rating of the sector. Despite a 22% drop in Bitcoin, DeFi tokens tracked by Bitwise fell only 4%. This stability is attributed to institutional adoption, improving token economics, and real institutions building on protocols like Morpho and Jupiter.

Cointelegraph

Developing·3d ago

Bitcoin Reclaims $63,000 Amidst Fears of Correction Ahead of Options Expiry

Bitcoin surged past $63,000 but faces potential correction due to rising US Treasury yields and a $1.4 billion options expiry. While ETF outflows were noted, balanced options demand suggests support at $62,000, with AI sector strength drawing capital from other assets.

Cointelegraph

Developing·3d ago

Crypto User Loses $1 Million in Ethereum Phishing Scam

A crypto user lost nearly $1 million in USDT on Ethereum after signing a phishing token approval. This incident highlights the ongoing threat of social engineering scams in the crypto industry, which have already resulted in hundreds of millions in losses this year.

Cointelegraph

Developing·4d ago

Zapper to Shut Down Next Month Amid Crypto Market Downturn

Decentralized finance analytics platform Zapper announced it will cease operations on August 3rd, citing falling demand as the primary reason. The platform, which once served over 2 million monthly active users and processed billions in transactions, joins a growing list of crypto firms folding amid a market downturn and reduced venture capital funding.

Cointelegraph

Crypto is leading the race to build the ultimate gambling super-app

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