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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

Michael Saylor says Ethereum is not money, ETH collapse talk resurfaces

Michael Saylor again questioned Ethereum’s competitiveness, arguing that rival networks such as Solana, BNB Chain, Sui and Layer 2s are weakening confidence. He said usefulness, not narrative, determines ecosystem success, as ETH has traded below key moving averages and slipped toward $1,600. The article says market participants do not see a full confidence breakdown, citing continued institutional expansion, the deepest smart-contract ecosystem and concentrated DeFi liquidity. It also notes Saylor’s earlier skepticism about spot ETH ETFs.

Crypto

MassPay partners with Coinbase to expand USDC-based cross-border payments

MassPay is working with Coinbase to expand a cross-border payments service based on the dollar stablecoin USDC. Cointelegraph reported on June 11 that the partnership will connect MassPay’s payments network spanning 180 countries with Coinbase’s cryptocurrency infrastructure. Corporate customers will be able to make overseas payments across fiat currency, USDC and other digital assets. Coinbase will handle wallet infrastructure, custody and on-chain settlement, while MassPay will manage final payouts through bank transfers, mobile wallets and digital-asset channels.