The post Token Will eventually Come, but the US App Takes Priority appeared on BitcoinEthereumNews.com. Polymarket will eventually launch a token, Chief Marketing Officer Matthew Modabber confirmed on Thursday, but it will take a backseat to launching the US-facing Polymarket App. The prediction market platform secured a $2 billion investment from Intercontinental Exchange (ICE), the parent company of The New York Stock Exchange, in October at a $10 billion valuation. Moddaber said: “Why rush a token if you need to prioritize the US app? We’ve been dying for this app for the past five years. A lot has happened because of this, you know, because there’s regulatory [issues] and whatnot.” Prediction markets Polymarket and its competitor Kalshi became mainstream in 2024, attracting individuals who are non-crypto natives into the world of digital assets and blockchain technology. Polymarket CMO Matthew Modabber confirms the upcoming token and developments at Polymarket. Source: Against The Odds Related: Prediction markets hit new high as Polymarket enters Sam Altman’s World Polymarket valuation set to increase as prediction market signs partnership deals Polymarket is also in talks to secure additional funding that could value the company at a $15 billion, as it continues to ink partnerships with sports organizations like the National Hockey League (NHL) in the United States and sports book operators. The company recently signed a deal with DraftKings, a sports betting platform, to provide clearinghouse services.  DraftKings and other sports betting companies lack the infrastructure to verify trades or hold onchain collateral that ensures the system stays liquid enough to support billions of dollars in trading volume. Polymarket founder Shayne Coplan (left) and Intercontinental Exchange CEO Jeffrey Sprecher (right) following $2 billion deal. Source: Shayne Coplan Rival platform Kalshi is also reportedly in talks to raise $300 million to expand the company into new jurisdictions, potentially spanning 140 countries. Prediction markets became a cultural phenomenon during the 2024 US elections.… The post Token Will eventually Come, but the US App Takes Priority appeared on BitcoinEthereumNews.com. Polymarket will eventually launch a token, Chief Marketing Officer Matthew Modabber confirmed on Thursday, but it will take a backseat to launching the US-facing Polymarket App. The prediction market platform secured a $2 billion investment from Intercontinental Exchange (ICE), the parent company of The New York Stock Exchange, in October at a $10 billion valuation. Moddaber said: “Why rush a token if you need to prioritize the US app? We’ve been dying for this app for the past five years. A lot has happened because of this, you know, because there’s regulatory [issues] and whatnot.” Prediction markets Polymarket and its competitor Kalshi became mainstream in 2024, attracting individuals who are non-crypto natives into the world of digital assets and blockchain technology. Polymarket CMO Matthew Modabber confirms the upcoming token and developments at Polymarket. Source: Against The Odds Related: Prediction markets hit new high as Polymarket enters Sam Altman’s World Polymarket valuation set to increase as prediction market signs partnership deals Polymarket is also in talks to secure additional funding that could value the company at a $15 billion, as it continues to ink partnerships with sports organizations like the National Hockey League (NHL) in the United States and sports book operators. The company recently signed a deal with DraftKings, a sports betting platform, to provide clearinghouse services.  DraftKings and other sports betting companies lack the infrastructure to verify trades or hold onchain collateral that ensures the system stays liquid enough to support billions of dollars in trading volume. Polymarket founder Shayne Coplan (left) and Intercontinental Exchange CEO Jeffrey Sprecher (right) following $2 billion deal. Source: Shayne Coplan Rival platform Kalshi is also reportedly in talks to raise $300 million to expand the company into new jurisdictions, potentially spanning 140 countries. Prediction markets became a cultural phenomenon during the 2024 US elections.…

                                                                               Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power.                     The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more