Bitcoin bulls chase $125,000 as buying pressure intensifies, pointing to an influx of liquidity and growing confidence among spot and institutional traders. Key takeaways: Bitcoin’s net taker volume has rebounded from extremely bearish to neutral levels. Onchain and market data indicate controlled profit-taking, not panic selling. Read more
PTI’s Ali Amin Gandapur said on Wednesday that he resigned from his role as Khyber Pakhtunkhwa chief minister while the party’s general secretary, Salman Akram Raja, confirmed that party founder Imran Khan directed Sohail Afridi to assume the role of provincial chief executive. In a post on X following today’s surprise developments, Gandapur said: “In respectful compliance of the orders of my leader … Imran Khan, it is my honour to tender my resignation.” He also attached a copy of his resignation sent to KP Governor Faisal Karim Kundi. “When I took over as chief minister, the province was faced with a dual challenge of financial ruin and menace of terrorism. Over the last one and a half year, with the support of my cabinet, our party members and workers, my team of bureaucracy and above all, guidance of Imran Khan, we steered the province to financial stability and countered the menace of militancy with resolute courage and unwavering decision-making. We initiated mega projects of nation-building in a provin...
The prediction market platform has come a long way after regulators in the United States banned Polymarket from serving US clients in 2022. Shayne Coplan, the founder of prediction market Polymarket, is once again in the limelight, as prediction markets shift from regulatory bans in the United States to legitimate financial markets with institutional backing. Bloomberg named Coplan among the world’s billionaires following a $2 billion investment in Polymarket by New York Stock Exchange parent Intercontinental Exchange (ICE). Coplan launched the platform in 2020 when he was 21 after dropping out of New York University. He often worked on the platform from the bathroom in his New York apartment, he said. Read more