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Crypto

Following the crowd costs you - Vitalik Buterin reveals secret of contrarian bets

Vitalik Buterin, co-founder of Ethereum, criticised structural flaws in prediction markets and described how he profited by betting against irrational crowd sentiment. He warned that prediction markets are turning into gambling-like products and urged a shift toward hedging strategies. Buterin said he made about a 16 percent return by placing roughly $440,000 in bets on Polymarket and earning $70,000. He also outlined a hedging-based finance model that could ultimately replace fiat money.

Crypto

Bitcoin extends gains as risk aversion eases; $100,000 outlook resurfaces

Bitcoin extends its early-week rebound, raising the chance of testing resistance near $88,000 as risk aversion eases, according to an analysis cited by The Crypto Basic. Analyst Michaël van de Poppe (미카엘 반 더 포페) said the weekend pullback reflected risk-off flows rather than a weakening trend. U.S. spot bitcoin ETFs saw net inflows last week and on the first trading day this week, supporting the market. He maintained a view that bitcoin could reach $100,000 as soon as May, though external factors such as geopolitical stability could affect momentum.

Mobility

Tesla completes design of AI5 chip as U.S. presses automakers on war preparedness

The United States is stepping up a wartime response posture, adding pressure on the auto industry. The Pentagon has contacted top executives at major automakers such as GM and Ford to sound out slowing some EV output and expanding weapons and military supplies production. Separately, Ford’s CEO warned about Chinese EVs and the company reshuffled its organisation. Volkswagen accelerated battery work, while Tesla completed its AI5 chip design and updated its FSD app amid complaints over HW3 limits.