Another | Crypto

It started, like these Polymarket “insider trading” stories usually do, with a screenshot and a smell test. A brand-new Polymarket account rolled in, threw roughly $30,000 at a long-shot outcome tied to Venezuela’s leadership, and walked away with about $400,000 in profit. U.S. forces captured Nicolás Maduro and moved him into U.S. custody ahead of […] The post Another shady Polymarket account turned $30k into $400k moments before the US captured Maduro appeared first on CryptoSlate.

Wealthy Bitcoin holders are moving billions into ETFs like BlackRock’s IBIT as tax benefits and SEC rule changes drive a shift away from self-custody. Bitcoin’s self-custody era may be ending as wealthy holders increasingly transfer assets into regulated exchange-traded funds (ETFs) amid tax incentives and improving institutional infrastructure. In a Wednesday post on X, Martin Hiesboeck, head of blockchain and crypto research at crypto financial services platform Uphold, said the movement of large Bitcoin (BTC) wallets into ETFs marks the first significant decline in self-custodied BTC in more than 15 years. “Another nail in the coffin of the original crypto spirit,” he wrote, noting that the “not your keys, not your coins” ethos that once defined the asset is giving way to a more traditional approach centered on compliance and financial optimization. Read more