While nearly 16% of Polymarket users are in profit, only a tiny fraction have made gains large and consistent enough to entertain walking away from their day job.
Brayden Lindrea
Brayden Lindrea is a staff writer at Cointelegraph and a member of the APAC news team. He joined the publication in 2022 and reports on cryptocurrency market developments, regulatory trends, cybercrime, and industry innovation, with a focus on Bitcoin adoption across community, institutional, and national contexts. He holds a bachelor’s degree in science from the University of Sydney.
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99.99% of Polymarket traders shouldn't quit their day jobs, data suggests - News
Counterhacker exposes DPRK unit that made $1M a month working IT jobs The North Korean IT workers coordinated crypto payments through a server using a shared, easy-to-guess password “123456.”
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Three Polymarket traders made timely bets on US-Iran ceasefire Lookonchain noted that the “yes” bets were placed at probabilities between 2.9% and 10.3%, with the three wallets placing their first bets within 26 hours of the announcement.
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Morgan Stanley's Bitcoin ETF set to launch on Wednesday The Morgan Stanley Bitcoin Trust will be the cheapest Bitcoin ETF on the market at an ultra-low 0.14% fee.
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FDIC moves to regulate stablecoin issuers under the GENIUS Act FDIC’s proposed rules providing insurance for corporate deposits of stablecoin issuers will not extend to the stablecoin holders, as it would conflict with the GENIUS Act’s text, the FDIC said.
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Onchain evidence was key to convicting 3 terrorism financiers: TRM Labs One of the three convicted terrorism financiers sent $49,000 worth of stablecoins to a foreign exchange before it was routed to an ISIS-linked campaign.
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Chaos Labs taps out as Aave's risk provider, decision ‘not made in haste’ DeFi risk manager Chaos Labs said Aave’s planned migration to Aave V4 introduced risks that it wasn’t willing to assume, while Aave said Chaos wanted to take on full control as the sole risk service provider.
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Circle unveils quantum-resistant roadmap for its layer-1 blockchain Arc Circle’s plan to make Arc quantum-resistant comes amid increasing fears that "Q-Day" may come sooner than anticipated.
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Rwanda swats Bybit’s P2P platform offering franc-to-crypto trading The Rwanda central bank's warning came after Bybit added the Rwandan franc to its list of assets that its peer-to-peer platform can use to trade for crypto.
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Tokenization makes finance more efficient but introduces risks: IMF The IMF said tokenization could improve cross-border payments and financial inclusion in emerging economies but cited concerns over volatility and the “erosion of monetary sovereignty.”
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Big Tech firms back new x402 Foundation to advance agentic AI adoption The x402 protocol won't be owned by a single entity, with the Linux Foundation serving as the agentic AI protocol’s “neutral, non-profit home,” Coinbase said.
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Crypto VC Paradigm is developing a prediction market terminal: Fortune As part of the offering, Paradigm is also exploring an internal market-making desk for prediction market trading and a prediction market index.
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Alleged Huione money-laundering boss extradited to China Huione Group helped launder funds from Southeast Asian scam networks behind “pig butchering” schemes and other crypto scams.
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Elon Musk’s SpaceX quietly files for IPO, seeking mammoth debut: Report A valuation above $1.75 trillion would rank SpaceX among the largest public companies in the US, above several major tech names at current market values.
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E-commerce giant Mercado Libre to sunset rewards-based Mercado Coin: Report The closure of Mercado Coin doesn't mark the end of Mercado Libre's crypto rewards strategy as it still offers the Meli Dolar (MUSD), a US dollar stablecoin which launched in 2024.
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Bitfarms loss widened to $285M as Bitcoin fell, but shares jump anyway Bitfarms said it was impacted by a decline in Bitcoin prices last year. The company is now five months into its pivot from Bitcoin mining to HPC and AI.
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US Labor Department takes step toward including crypto in 401(k)s The proposed rule change seeks to enable Americans to invest in products like crypto that better reflect the current investment landscape, Labor Secretary Lori Chavez-DeRemer said.
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US senators question SEC over enforcement chief exit, Justin Sun case A report from Reuters earlier this month claimed that the SEC's former chief of enforcement clashed with agency leadership over cases involving those in Trump's orbit before resigning.
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US senators float ‘Mined in America Act’ to boost BTC mining manufacturing While the US hosts 38% of Bitcoin’s hashrate, 97% of mining machines are made by two Chinese companies, according to a Bitcoin policy advocate.
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Polymarket trader makes $67K after UFC announcer briefly mixes up winner The Polymarket trader quickly bought $676 worth of one-cent shares in Tyrell Fortune winning the fight after he realized the UFC announcer called out the wrong winner.
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DeFi lender Aave launches on OKX’s Ethereum L2, X Layer OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume.
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Lido DAO proposes $20M LDO buyback to reverse historic price fall The LDO token is down 95.9% from its all-time high, with a $255 million market cap, even as Lido’s staking protocol still accounts for the largest share of staked Ether at 23.2%.
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Lummis says CLARITY Act offers ‘strongest’ developer protections Crypto lawyer Jake Chervinsky said legislation covering crypto developer protections has been overshadowed by the intense focus on stablecoin yield in the CLARITY Act.
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Ripple CEO says stablecoins could be crypto’s ‘ChatGPT moment’ for businesses Ripple’s Garlinghouse noted that stablecoin trading volume reached more than $33 trillion in 2025, while Bloomberg predicted that stablecoin flows would hit $56.6 trillion by 2030.
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Morgan Stanley sets 0.14% Bitcoin ETF fee, lowest in market if approved Bloomberg ETF analyst Eric Balchunas said Morgan Stanley’s 16,000 financial advisors would have no problem recommending the product at such low fees.
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Cathie Wood’s ARK taps Kalshi data to help make investment calls Kalshi has already listed specific markets that ARK Invest is interested in, such as non-farm payroll markets and deficit-to-GDP (gross domestic product) ratio markets.
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David Sacks’ 130-day term as Trump’s crypto and AI czar has ended David Sacks will lead a new tech-focused advisory group established by the White House, which will include key leaders like Nvidia’s Jensen Huang and Meta’s Mark Zuckerberg.
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GameStop did not sell its 4,709 Bitcoin after all, filing shows GameStop has revealed that it pledged nearly all of its Bitcoin, worth $325 million, as collateral on Coinbase as part of a covered-call strategy.
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Swan Bitcoin seeks to subpoena Cantor Fitzgerald, ex-CEO in ex-staff dispute Swan Bitcoin claims that Howard Lutnick may have known about its failed Tether mining venture, after which employees allegedly stole documents, resigned and launched a rival firm.
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Google targets 2029 post-quantum migration as threats draw nearer Google has urged others to accelerate post-quantum efforts as it continues to develop Willow, one of the most powerful superconducting quantum processors today.