Bitcoin Drops Below $77K as Kalshi and Polymarket Plan Crypto Perps
In past 24 hours, Bitcoin dropped 1.6% to $76,978.87 while Ethereum and Solana fell 3.2% and 2.9% respectively, reversing its earlier rally toward $80,000. Meanwhile, prediction platforms Kalshi and Polymarket announced plans to offer crypto perpetual futures and Banking Circle rolled out fiat-to-stablecoin settlement after securing a crypto-asset service license.
1. Bitcoin and Altcoin Price Slide
In the last trading session, Bitcoin declined 1.6% to $76,978.87 while Ethereum and Solana fell 3.2% to $2,290.06 and 2.9% to $84.19 respectively, reversing their rally toward $80,000.
2. Prediction Platforms Enter Perpetual Futures
Prediction market operators Kalshi and Polymarket announced plans to offer crypto perpetual futures, targeting a market segment that accounts for over 70% of centralized exchange trading volume.
3. Banking Circle Launches Stablecoin Settlement
Luxembourg-based Banking Circle launched fiat-to-stablecoin and stablecoin-to-fiat settlement services after obtaining a crypto-asset service provider license earlier this month, integrating the capabilities into its core platform.