Rap superstar Drake placed a $1.5 million bet in USDT on Argentina to beat Spain in the FIFA World Cup final, potentially winning about $5.175 million if Argentina wins in regulation or extra time. Despite Spain being the favorite in prediction markets, more money is staked on Argentina, reflecting divided public opinion. Drake's betting record shows a net loss of $1.56 million overall, with soccer bets costing him $1.67 million, fueling talk of the 'Drake Curse.' A win would help erase his recent $5.7 million losing streak since April 2024, while a loss would deepen the narrative. His public bets through crypto platform Stake have drawn attention and controversy over gambling promotion.
The optical industry's two largest laser chip suppliers, Lumentum Holdings and Coherent Corp., confirmed a severe supply shortage driven by rising demand for AI-related optical solutions. This shortage is causing major customers to seek alternative s...
Multicoin Capital has invested over $100 million in Hyperliquid's native token, HYPE, highlighting strong institutional confidence in the Layer 1 blockchain's business model. Hyperliquid operates a decentralized perpetual futures exchange and aims to...
Chinese robot maker Unitree is going public with an IPO valuation of about $9 billion at 150.80 yuan ($22.37) per share on the Shanghai STAR Market. However, pre-IPO perpetual futures traded on Hyperliquid value the company at nearly $38 billion, ove...
Binance founder Changpeng Zhao highlighted that Bitcoin's available supply may be even lower than commonly believed. While over 20.07 million Bitcoin have been mined out of the 21 million total, CZ estimates that 10% to 20% of these coins are lost or...
Swiss bank UBS significantly increased its exposure to BlackRock's iShares Bitcoin Trust (IBIT) in Q2 by raising call option holdings 24-fold to 1.95 million shares and increasing direct IBIT shares by 12% to 407,890. Meanwhile, its put option exposu...
