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Crypto

Fed hawkish bias pushes bitcoin, ether lower as bearish bets surge on prediction markets

Short-term sentiment around bitcoin and ether is deteriorating quickly after the Federal Open Market Committee meeting. Prediction-market participants see the next move for both assets as more likely down than up. Policy rates were held, but markets sharply reduced expectations of rate cuts this year, with Polymarket pricing about an 80 percent chance of no cuts in 2026. On Myriad, traders increasingly bet on bitcoin falling to $55,000 and ether to $1,500.

Crypto

SpaceX IPO: Headwind or tailwind for bitcoin?

SpaceX’s initial public offering has emerged as a variable for gauging liquidity in the cryptocurrency market. It is drawing attention over whether it will pull more capital and interest away from crypto, or whether profits after listing will flow back into risk assets. Activity has already appeared on Hyperliquid, where the SPCX perpetual futures contract saw large open interest and volume. Analysts flagged near-term liquidity pressure, while others said a strong debut could bring money back to crypto.

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.