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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk·2023/11/16 08:00
Flash
10:02
Polymarket enters the private company prediction market
BlockBeats reported that on May 25, prediction market platform Polymarket partnered with Nasdaq Private Market to officially enter the private company trading sector, aiming to allow retail investors to participate in price discovery in the private markets that were previously limited to institutional participants. For a long time, retail investors were essentially shut out from investing in private companies, as businesses remain private for longer periods before listing and accumulate higher valuations. Polymarket pointed out that there are already nearly 1,600 unicorn companies worldwide, with a total value exceeding $5 trillion, most of which grew in value prior to their IPOs, mainly benefiting venture capitalists, institutional investors, and the wealthy. Polymarket Founder and CEO Shayne Coplan stated that prediction markets are among the most powerful tools for democratizing access to financial information and opportunities. This launch brings it into the last frontier of finance where retail investors have never been able to enter. Through Nasdaq Private Market, Polymarket gained access to institutional-grade market data. This market has already facilitated nearly $80 billion in secondary liquidity transactions across more than 1,000 company-sponsored liquidity programs. This structure creates an unusual feedback loop between institutional private market activity and retail speculation. Nasdaq Private Market offers trade-based prices and market data, while Polymarket generates real-time sentiment and probability estimates related to future outcomes. Rodolfo Sanchez, Vice President of Data at Nasdaq Private Market, pointed out that the data flows in both directions: the platform anchors each market with institutional-grade data, while market activity itself becomes a real-time signal available to institutional investors.
09:59
Negotiations between the US and Iran lift market sentiment, but an agreement alone is not enough to quickly restore normal market conditions.
```htmlGolden Ten Data reported on May 25 that although analysts warn a single agreement is not enough to restore the global energy system to normal, the crude oil market is responding positively to signs that the US and Iran are moving closer to a deal. According to Sparta Commodities, traders expect that around 100 million barrels of crude oil currently stranded on tankers near the Strait of Hormuz may return to circulation relatively quickly, temporarily boosting spot market supply and easing recent concerns over supply shortages. However, June Goh, a senior analyst at the company, pointed out: "Fundamentally, the overall basic landscape has not changed." Even if navigation in the Strait of Hormuz resumes immediately, it may still take three to six months to fully restore oil production and logistics networks; this means that until Middle Eastern crude oil output is fully back online, the global market will have to continue drawing from existing inventories.```
09:58
AUDUSD 1-hour market analysis
AUD/USD on the 1-hour chart has recently shown a sideways upward trend, with the latest price at 0.71672. The upper resistance is at the intraday high of 0.71725, the first support below is at 0.7160, and strong support is at the intraday low of 0.71489. In the short term, it is expected to first test the upper resistance; if it fails to break through effectively, it may pull back to support and move in a range. If it breaks through, there will be further upside potential.