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Crypto

World Cup to boost prediction markets; Bernstein sees $10 billion in volume

The 2026 FIFA World Cup could generate about $3 billion in additional trading volume in prediction markets, according to an outlook cited by Coinpost. Investment bank Bernstein estimates the expanded tournament could lift total sector betting by up to $10 billion. It said Kalshi leads platforms by volume, while DraftKings may be the biggest beneficiary. It also pointed to crypto-linked operators and projected strong long-term growth for prediction markets.

Crypto

Bitcoin mining profits plunge, putting $60,000 support under test

Bitcoin mining profitability has fallen to a record low, fueling market unease over whether bitcoin can hold the $60,000 support level. As the price slipped toward $62,000, on-chain activity cooled and miner revenue sank. Miners and pools still hold more than $110 billion worth of bitcoin, raising concerns about potential selling. Industry concentration has increased, while some miners shift power infrastructure toward AI computing.

Crypto

Bitcoin halves off peak; Strive\'s Matt Cole and Binance founder Changpeng Zhao urge no panic

Bitcoin is down about 50 percent from its peak last October, prompting Strive CEO Matt Cole and Binance founder Changpeng Zhao to urge calm. Zhao said on X that the bear market would not last long and there was no need to panic. Strive bought 32 bitcoin for about $2.1 million. Bernstein attributed weaker inflows to capital shifting into AI, with 2026 inflows falling to about $12 billion from $60 billion in 2025.