Crypto Morning Brief: Kraken Plans to Launch Prediction Market, Trend Research to Purchase $1 Billion in ETH
Crypto Exchange Kraken plans to launch a prediction market service in 2026, as revealed by its global head of consumer business. In market news, U.S. initial jobless claims fell to 214,000, below expectations. BlackRock strategists suggest the Fed may deliver only limited rate cuts in 2026 as it nears neutral rates.
In funding developments, LD Capital founder Yili Hua announced that Trend Research is preparing an additional $1 billion to buy more ETH, following a recent $137 million purchase. Meanwhile, a ZK verification platform, disclosed its tokenomics: a 1 billion token supply with significant allocations for ecosystem development and community incentives.
Sonic Labs adjusted its airdrop model, shifting from large distributions to more sustainable incentive strategies, while Curve DAO rejected a $6.2 million funding proposal for core development, raising governance concerns. Polymarket confirmed a security breach via a third-party authentication provider, though the issue has been resolved.
Other notable events include Aave’s founder facing criticism over a large token purchase ahead of a governance vote, and Metaplanet approving plans to raise funds toward a goal of holding 210,000 BTC by 2027.
marsbit12/25 01:21