Polymarket traders are holding back their optimism back for Bitcoin this year, despite many analysts tipping the price to hit $150,000 and above. Prediction market traders on Polymarket are tipping 21% odds of Bitcoin hitting $150,000 this year, despite many analysts seeing 2026 as a belated bull year for Bitcoin. According to the current market, “What price will Bitcoin hit before 2027?” Polymarket shows 45% odds of Bitcoin reaching $120,000, a price point below its all-time high. The odds fall further at $130,000, with just a 35% probability, while $140,000 has a 28% chance and $150,000 has a 21% chance. Read more
Turkmenistan has started the year with a bang, with new laws legalizing the operation of crypto exchanges and crypto miners kicking in on Jan 1. Crypto mining and trading is now legal in Turkmenistan after a new law signed by President Serdar Berdimuhamedow in late November took effect on Thursday. Implementation of the new laws could see the Central Asian country’s economy expand beyond its heavy reliance on natural gas exports by tapping surplus energy for crypto mining, following the lead of neighboring country Kazakhstan. Turkmenistan is considered to be one of the more closed-off countries in the world, but has taken several steps to open up its economy in recent years, including to the tourism and energy sectors. Read more
Although monetary losses declined, users still lost tens of millions of dollars to common cybersecurity exploits like address poisoning scams. The total losses from hacks and cybersecurity exploits in the crypto industry amounted to about $76 million in December, a 60% decrease from November’s $194.2 million in losses, according to blockchain security company PeckShield. There were 26 major crypto exploits in December, PeckShield said in an X post, with one user losing $50 million in an address poisoning scams, a type of attack where the threat actor sends small amounts of cryptocurrency from a wallet that closely resembles a legitimate wallet address, betting that the intended victim won’t notice the discrepancy. Typically, the first and last four characters of the addresses match, with the attacker hoping that the victim will accidentally send funds to the fraudulent address by selecting the poisoned address from their transaction history without closely examining the entire string. Read more
The plan to address a multimillion-dollar exploit continued with "phase two progress" on EVM after it scrapped a plan to roll back the blockchain. The Flow Foundation is continuing to implement a remediation plan in response to a $3.9 million exploit of the blockchain on Saturday, flagging concerns about large token movements on a centralized exchange. In a Thursday X post, Flow said it had made “significant progress” in its recovery plan, now entering phase two and expected to take several days. According to the platform, developers had “identified a path to restore EVM [Ethereum Virtual Machine] functionality” as it addressed its non-EVM chain, Cadence. “The Community Governance Council continues executing cleanup transactions under validator-authorized boundaries, consistent with established precedents for digital asset recovery,” said Flow. “All remediation activity is publicly auditable on-chain through block explorers. Cadence and EVM remediation will now proceed simultaneously.” Read more
Bitcoin cash-and-carry trades faded toward the end of the year, leading funds to shift to Bitcoin options for yield. Is the strategy putting a cap on BTC price? Key takeaways: Covered calls gained traction as cash-and-carry returns collapsed, but data shows they are not structurally suppressing Bitcoin’s price. Stable put-to-call ratios and rising put demand suggest hedging and yield strategies coexist with bullish positioning. Read more