Prediction markets are quietly killing altcoins.
I have been sharing this idea for months, and decided to put it in long form.
Enjoy.
https://twitter.com/scottmelker/status/2001687371897803133

Twitter

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Amid growing market uncertainties, an analytical exposition has argued that selling XRP at this stage makes no sense in either a bullish or a bearish scenario.
XRP is down 8% over the past seven days....

Market Technician Says Selling XRP Now Makes No Sense

SWIFT, a global payments giant, has made progress on integrating a blockchain-based ledger into its payment network. According to the announcement, it has collaborated with global banks to design feat...