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The Protocol: 'Private Jet Brandization' Is One Way Polkadot Burnt Cash
Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.
Biden's Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report
A New York Times report that President Joe Biden is weighing his future in the 2024 race prompted traders on Polymarket to boost the odds the Democrat will drop out nearly 80% on Wednesday. That's up from 55% earlier. The wild upswing caps a week of mayhem in Polymarket's "Biden drops out of presidential race?" market, which has garnered nearly $10 million in bets. Before last week's debate with Donald Trump, the same question gave 20% odds. Plenty of Washington talking heads have talked down Biden's ability to prevail in the 2024 election against Trump after a faltering debate performance put a spotlight on his age. But The New York Times is now reporting that Biden thinks he has a short and slimming window to salvage his prospects. "He knows if he has two more events like that, we’re in a different place," the New York Times quoted an unnamed ally as saying about Biden.
Obol Labs Forms Industry Group to Push for Decentralized Validator Technology
As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of "distributed validator technology," or DVT.
Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.
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