South Korea's BDACS launches KRW1, the first stablecoin backed by the Korean won, on Avalanche

The post Let insiders trade – Blockworks appeared on BitcoinEthereumNews.com. This is a segment from The Breakdown newsletter. To read more editions, subscribe ​​“The most valuable commodity I know of is information.” — Gordon Gekko, Wall Street Ten months ago, FBI agents raided Shayne Coplan’s Manhattan apartment, ostensibly in search of evidence that the prediction market he founded, Polymarket, had illegally allowed US residents to place bets on the US election. Two weeks ago, the CFTC gave Polymarket the green light to allow those very same US residents to place bets on whatever they like. This is quite the turn of events — and it’s not just about elections or politics. With its US government seal of approval in hand, Polymarket is reportedly raising capital at a valuation of $9 billion — a reflection of the growing belief that prediction markets will be used for much more than betting on elections once every four years. Instead, proponents say prediction markets can provide a real service to the world by providing it with better information about nearly everything. I think they might, too — but only if insiders are free to participate. Yesterday, for example, Polymarket announced new betting markets on company earnings reports, with a promise that it would improve the information that investors have to work with.  Instead of waiting three months to find out how a company is faring, investors could simply watch the odds on Polymarket.  If the probability of an earnings beat is rising, for example, investors would know at a glance that things are going well. But that will only happen if enough of the people betting actually know how things are going. Relying on the wisdom of crowds to magically discern how a business is doing won’t add much incremental knowledge to the world; everyone’s guesses are unlikely to average out to the truth. If…

The post The Manchester City Donnarumma Doubters Have Missed Something Huge appeared on BitcoinEthereumNews.com. MANCHESTER, ENGLAND – SEPTEMBER 14: Gianluigi Donnarumma of Manchester City celebrates the second City goal during the Premier League match between Manchester City and Manchester United at Etihad Stadium on September 14, 2025 in Manchester, England. (Photo by Visionhaus/Getty Images) Visionhaus/Getty Images For a goalkeeper who’d played an influential role in the club’s first-ever Champions League triumph, it was strange to see Gianluigi Donnarumma so easily discarded. Soccer is a brutal game, but the sudden, drastic demotion of the Italian from Paris Saint-Germain’s lineup for the UEFA Super Cup clash against Tottenham Hotspur before he was sold to Manchester City was shockingly brutal. Coach Luis Enrique isn’t a man who minces his words, so he was blunt when asked about the decision on social media. “I am supported by my club and we are trying to find the best solution,” he told a news conference. “It is a difficult decision. I only have praise for Donnarumma. He is one of the very best goalkeepers out there and an even better man. “But we were looking for a different profile. It’s very difficult to take these types of decisions.” The last line has really stuck, especially since it became clear that Manchester City was Donnarumma’s next destination. Pep Guardiola, under whom the Italian will be playing this season, is known for brutally axing goalkeepers he didn’t feel fit his profile. The most notorious was Joe Hart, who was jettisoned many years ago for very similar reasons to Enrique. So how can it be that the Catalan coach is turning once again to a so-called old-school keeper? Well, the truth, as so often the case, is not quite that simple. As Italian soccer expert James Horncastle pointed out in The Athletic, Enrique’s focus on needing a “different profile” is overblown. Lucas Chevalier,…

Wormhole has moved beyond its distribution phase, initiating a new strategy. By allocating on-chain and off-chain protocol revenue to a dedicated treasury, the cross-chain protocol is creating a direct link between its commercial success and the value of its native…