Google will soon show prediction data from Polymarket and Kalshi in search results, starting with Google Labs users. This will let people see the chances of future events based on market activity. Polymarket is worth about 9 billion dollars, and Kalshi is worth about 5 billion dollars with backing from big investors.
Although Polymarket has been popular, Kalshi has had more trading activity since September. Polymarket plans to launch a POLY token and airdrop, while Kalshi wants to appear on major crypto apps and exchanges within a year. Experts say prediction markets are getting more popular and are now used for sports, politics, business, and culture.
JPMorgan Predicts Higher Bitcoin Price in the Coming Months
JPMorgan says bitcoin could rise to about 170,000 dollars in the next six to twelve months. The bank’s analysts believe the price still has room to grow when compared to gold. They also noted that recent large sell-offs have helped reset the market, making trading conditions healthier.
They explained that bitcoin’s futures trading levels are now back to normal, which could support further price increases. Similar signs are seen in Ethereum, though less strongly. JPMorgan has previously said that bitcoin may already be undervalued and could rise as demand increases and supply stays limited.
Cathie Wood Adjusts Long-Term Bitcoin Price Outlook
Cathie Wood, the CEO of Ark Invest, has adjusted her earlier long-term prediction for bitcoin’s price. She explained that stablecoins like USDT and USDC are now becoming more widely used for payments and savings, especially in developing countries. Because of this, she believes stablecoins have taken over some of the roles that bitcoin was once expected to fill.
Ark Invest had previously predicted that bitcoin could reach around 2.4 million dollars in the long run. Wood now says the number may be about 300,000 dollars lower. Still, she believes bitcoin is very important as a type of digital gold and that institutional investors are only just beginning to enter the market.
Coinbase and Balancer Respond to Regulatory and Security Challenges
Coinbase has advised the United States Treasury to ensure that new rules under the GENIUS Act do not harm innovation. The company wants to make sure that software developers, blockchain validators, and open-source projects are not affected by the regulations. Coinbase also said stablecoins used as payment should be treated like cash for tax purposes.
Balancer said the 128 million dollar hack happened because of a small error in its code. This mistake allowed hackers to change balance calculations and take funds from different blockchain networks. The team has managed to recover or freeze some of the stolen money and is now working with partners to fix the issue and prevent it from happening again.
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