On The Brink with Castle Island Weekly Roundup 07/11/25 (New BTC ATH, Crypto Week, Zelensky suit scandal) (EP.645)
9 snips
Jul 11, 2025 Bitcoin soars to a new all-time high while the community remains surprisingly muted. The recent $9 billion acquisition by CoreWeave of Core Scientific highlights the booming intersection of Bitcoin mining and AI. Amid discussions of Zelensky's attire, the implications of prediction markets and crypto regulations are explored. GMX experiences a significant hacking incident, raising questions about security in the crypto space. The conversation also touches on the intricate challenges of valuing Ethereum amidst evolving financial models.
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Bitcoin's Quiet New High
- Bitcoin recently hit a new all-time high quietly without the usual hype.
- The price target to energize the market could be $150,000 or parity with gold around $800,000.
Enforce Clear Prediction Market Terms
- Prediction markets need tightly defined, legally vetted settlement terms to avoid contentious disputes.
- Ambiguity leads to conflicts and undermines trust in decentralized adjudication mechanisms.
Clarify Prediction Market Rules
- Polymarket should hire lawyers to draft clear, ironclad market resolution conditions.
- Precise definitions avoid disputed outcomes in decentralized prediction markets.