Selected News
XION briefly surged past $0.99, rising over 170% in 24 hours
Affected by Upbit's launch of the KRW trading pair, PLUME briefly rose over 54%
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
The following is a translation of the original content into English:
[KALSHI]
Today's discussion around KALSHI highlights its growing importance in the prediction market space. Key topics include: collaboration with NEAR Protocol for native deposits and withdrawals; significant market trading volume compared to competitors; facing legal challenges in Nevada regarding sports event contracts; speculation about potential incentives similar to those offered by Polymarket; additionally, the platform is gaining attention for its strategic partnerships and market innovations.
[POLYMARKET]
Polymarket is receiving widespread attention today due to its recent approval from the CFTC to operate fully as an exchange in the U.S., marking an important milestone for the platform. This approval allows Polymarket to offer intermediary trading through brokers, which is expected to bring substantial liquidity and user participation. Furthermore, discussions emphasize: rapid growth in website traffic; its potential to surpass major competitors like Coinbase in the near future; the platform's expansion into the U.S. market is seen as a pivotal moment for prediction markets, positioning Polymarket as a leader in the field.
[MEGAETH]
Today's discussion around MEGAETH mainly focuses on its pre-deposit activity, which encountered significant technical issues, including website crashes and mismanagement of the increased cap. The initially set cap of $250 million was filled within minutes after a delayed launch due to the website crash. Attempts to raise the cap to $1 billion were mishandled, leading to confusion and criticism within the community. Despite these issues, MEGAETH's innovative approach to fundraising through USDm's treasury-backed reserves rather than charging a premium to sorters is highlighted as a disruptive move in L2 economics. Community reactions are mixed: some express frustration over the technical failures, while others remain optimistic about MEGAETH's potential.
[NESA]
NESA is gaining attention for its innovative AI approach, which shards data and models to ensure privacy and security, providing cryptographic proof for outputs. This method eliminates the need for blind trust in companies, aligning with the principle of "don't trust, verify."
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On-chain Data
On-chain capital flow situation for the week of November 26
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