According to Mars Finance news on December 2, the market data shows that spot silver has risen more than 3% within the day, setting a new record high of 58.23 USD/ounce.

The EU law enforcement agency reported that Swiss and German police jointly dismantled the crypto tumbler service Cryptomixer used by cybercriminals, seizing over 25 million euros in Bitcoin and related data. Since 2016, this service has laundered over 1.3 billion euros in Bitcoin.

Sushi announced on the X platform that Synthesis, led by Alex McCurry, has made a significant investment, purchasing over 10 million SUSHI Tokens. Alex will join and lead the Sushi team, aiming to achieve over $10 million in profit in 2024 and increase annual revenue to over $20 million in the coming years.

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Author: Jiawei, IOSG

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Prediction Markets are undoubtedly one of the most notable sectors in the cryptocurrency industry. The leading project Polymarket has an accumulated trading volume of over $36 billion and recently completed a strategic funding round with a valuation of $9 billion. Meanwhile, platforms including Kalshi (valued at $11 billion) have also received substantial capital injections.
▲ Source: Dune
However, behind the continuous influx of capital and impressive data growth, we find that prediction markets, as a type of trading product, still face many issues.
In this article, the author attempts to set aside the mainstream optimism and provide some observations from different perspectives.
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Predictions are based on events—events are essentially discontinuous and不可

According to Mars Finance news, on December 1, Greeks.Live researcher Adam posted on social media that the English community experienced a bearish shock, with the market plummeting significantly during the monthly close on Sunday night, resulting in losses for call options buyers and raising concerns about further downside. Traders pointed out that $83,000 is the next important support level, with no significant buy orders before that, while some remain cautiously optimistic about Bitcoin reaching a new all-time high again, although the timing is still uncertain.

According to Mars Finance, Sushi CEO Jared Grey announced that he will step down from his leadership position and take on the role of advisor. Synthesis, led by Alex McCurry, has made a significant capital investment in Sushi to support its long-term development and operations, and Alex has also joined Sushi as managing director to lead it into a new era. He stated, "Although I will step down from my leadership position, I will continue to commit to providing strategic guidance to Alex and the team."

According to news from Mars Finance, Whale Alert monitored that at 22:46 Beijing time, USDC issuer Circle minted an additional 100 million USDC on the Ethereum on-chain.

According to Mars Finance, as reported by Zhito Finance, Hengyue Holdings (01723.HK) announced that the group further purchased approximately 7 Bitcoins in the open market, at a total cost of about 4.712 million HKD (, equivalent to approximately 604,000 USD ).

According to Mars Finance news, on-chain analyst Yu Jin monitored that "Brother Magi" Huang Licheng's Ethereum long order was liquidated at a price level of 2,792 USD with 400 ETH, and the current position size is approximately 4.52 million USD.

According to Mars Finance, Gleec announced the acquisition of Komodo's cross-chain DeFi business for $23.5 million. This acquisition includes Komodo's brand, technology suite, token infrastructure, and core developers, giving Gleec full ownership of the system, which has already supported some of its decentralized exchange (DEX) and can integrate more quickly with its encryption debit card, virtual IBAN, and fiat deposit and withdrawal channels.

According to Mars Finance, PeckShield stated on the X platform that yearn recovered 2.4 million USD by destroying the hacker's pxETH, and minted the same amount of tokens on the Redacted Cartel multisignature.

David Sacks, the U.S. Special Envoy for Artificial Intelligence and Crypto Assets, responded to The New York Times' allegations on the X platform, stating that its report fabricated facts, was empty in content, and lacked substance, and has therefore hired a lawyer to handle the matter.

According to Mars Finance, market news indicates that South Korean lawmakers plan to fully pass the "Basic Digital Asset Act" by January 2026. The bill will establish a "Korean-style stablecoin" with an alliance structure, where banks hold at least 51% of the equity, and tech companies can participate as minority shareholders. Democratic Party representative Kang Jun-hyeon has set the deadline for submitting the government proposal to December 10. The lawmaker warned that if the finance department fails to complete the proposal on time, the lawmakers will propose an independent version.

According to Mars Finance news, in response to Arthur Hayes' doubts about the operation of USDT, former head of crypto research at Citibank, Joseph, stated on the X platform that @CryptoHayes' analysis missed several key points: 1. Disclosure of assets ≠ total corporate assets USDT discloses reserves according to the "matching principle", but its undisclosed balance sheet includes equity investment income, mining business, corporate reserves, and potential Bitcoin holdings, with remaining profits distributed to shareholders in the form of dividends. 2. Ultra-high profit margins and equity value Tether holds $120 billion in US Treasury bonds (annualized 4% yield), with an annual net profit of about $10 billion starting from 2023 (with only 150 employees), making it the world's most efficient money printer; equity valuation could reach $50-100 billion (close to...