Due to the increase in Polymarket trading activity, Polygon's POL burn volume in February reached a new all-time high

Analysis: Bitcoin bullish sentiment heats up, with $80,000 potentially becoming the next target for this rebound.

Bitcoin rose 5.21% on Wednesday, breaking above the upper trendline of the "bearish flag" pattern, with a price of approximately $71,900. Analysts believe that $80,000 could be the next target, and if it does not encounter selling pressure at $74,000, the probability will increase to 40%.

Trader "Peacemaker" Invests $99.6K in Russia-Ukraine Ceasefire Bets on Polymarket

Gate News bot message, Trader 0xa53e, nicknamed the "Peacemaker," has been placing bets on a Russia-Ukraine ceasefire since joining Polymarket on February 11. He has spent $99.6K on these bets and is currently down $11.3K. If Russia and Ukraine reach a ceasefire, he will turn a profit.

WBC kicks off! The first on-chain prediction is out: the Chinese team is favored with a 65% chance to beat Australia, Polymarket trading volume exceeds one million dollars

The 2026 World Baseball Classic officially kicks off tomorrow, with the Chinese Taipei team facing Australia in their first game. Prediction markets on Polymarket and BC.Game are clearly optimistic about Taiwan securing a winning start. Trading volume for WBC-related contracts has exceeded $1.4 million, with Japan leading the Pool C group with an 87% probability of winning the championship. (Previous context: Why are the odds so different between Taiwan Sports Lottery and blockchain Web3?) (Additional background: BC.GAME's 2025: A Year of Leadership in the Crypto Gaming Arena) The World Baseball Classic (WBC) will officially begin tomorrow (3/5) at Tokyo Dome, with Chinese Taipei facing Australia in their first game. Head coach Zeng Haoju announced that the ace pitcher from Japan, "Fireball" Xu Ruoxi, will start the game, aiming for a strong opening; Australia has also fielded former Major League pitcher Alex

ETF Frenzy for Capital Inflow, Strong Bearish Momentum in Futures: Bitcoin Surges Past $69,000, Can the Short-term Rebound Continue?

Despite ongoing geopolitical uncertainties, the cryptocurrency market has demonstrated remarkable resilience, with Bitcoin breaking through $69,000 today (4) and approaching the $70,000 mark again. Market analysis indicates that this rally is less about investors' "bullish confidence" returning and more about a technical rebound driven by "short covering." Crypto market maker Enflux pointed out that the market has neither fully priced in the disaster nor placed optimistic bets on a resolution. Last weekend, shorts capitalized on news of Middle Eastern military conflicts, causing Bitcoin to drop to $63,000. However, once the market realized that the situation was not escalating into a full-scale regional war affecting global trade routes, the long-suppressed short positions were quickly hunted down, triggering a short squeeze. Enflux described in its report that the reaction speed of crypto assets to geopolitical shocks far exceeds that of traditional assets: When gunfire erupts or sanctions are imposed

Can luxury watches also be bet on? Kalshi teams up with Bezel to launch a luxury watch price prediction market

Prediction market Kalshi partners with luxury watch platform Bezel to launch watch prediction contracts, allowing users to trade on watch prices and new product releases. This indicates that prediction markets are expanding into the collectibles sector and lowering entry barriers to attract more enthusiasts. Despite regulatory challenges, the market continues to attract investments and is expected to penetrate more asset classes in the future.

Is the legalization of cryptocurrency perpetual contracts in the United States on the horizon? CFTC Chair: Policy announcement within a month

CFTC Chairman Mike Selig announced that a policy on cryptocurrency perpetual contracts will be released within a month, and he will collaborate with the SEC to promote "Project Crypto" to advance innovative exemption measures. This move aims to end regulatory uncertainty in the crypto industry, facilitate the legalization of the U.S. market, and provide clear guidance for the prediction market.