Cantor slashes Strategy target by 60%, tells clients forced-sale fears are overblown

Cantor slashes Strategy target by 60%, tells clients forced-sale fears are overblown

Cantor Fitzgerald slashed its Strategy price target, but remains bullish on the stock despite fears over potential exclusion by the MSCI Index and forced liquidation concerns, the FT said. US-based financial firm Cantor Fitzgerald slashed its price target on Michael Saylor’s Bitcoin-heavy company, Strategy, but kept a bullish stance on the cryptocurrency’s long-term upside, downplaying…

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Bitcoin 'money vessel' amasses B but recovery lacks ETF inflows

Bitcoin 'money vessel' amasses $8B but recovery lacks ETF inflows

Despite an $8 billion rise in realized cap, Bitcoin’s recovery lacks the continued inflows from ETFs and Michael Saylor’s Strategy as the main demand drivers, according to CryptoQuant. Bitcoin’s onchain inflows are signaling robust demand for the world’s largest cryptocurrency, with both investors and miners ramping up their activity despite the negative market sentiment since…

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Romania blacklists Polymarket for illegal crypto betting amid 0M election wagers

Romania blacklists Polymarket for illegal crypto betting amid $600M election wagers

Polymarket’s ban in Romania follows similar crackdowns in the US, France, Belgium, Poland, Singapore and Thailand, where regulators cited unlicensed gambling activity. Romania’s National Office for Gambling (ONJN) has blacklisted leading prediction market Polymarket, calling it an unlicensed gambling platform operating outside state oversight. The decision follows what regulators described as a surge in crypto-based…

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Prediction markets hit new high as Polymarket enters Sam Altman’s World

Prediction markets hit new high as Polymarket enters Sam Altman’s World

World’s Polymarket Mini App integration came amid prediction markets surging past 2024 records, with $2 billion in weekly trading volumes. World, OpenAI CEO Sam Altman’s digital identity project, formerly known as Worldcoin, is expanding into prediction markets by integrating Polymarket. World App, a mobile application that combines a digital wallet with World’s decentralized identity tool,…

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