Roughly 93% of GameFi projects are now effectively dead, as tokens plunge 95%, user counts flatline, VCs pivot to AI and RWAs, and even Animoca trims pure gaming bets. Summary Around 93% of GameFi projects are now effectively “dead,” with tokens down an average of 95% from their all-time highs. Studio funding for Web3 games
Strait of Hormuz traffic has ground to a halt due to the ongoing US-Israel-Iran war. The market on the UK sending warships through the Strait by April 30 sits at 2% YES, down from 10% just 24 hours ago. The situation is moving multiple related markets. The UK warships market dropped 15% to 2% YES
Newly released safeguards helped Kalshi identify three candidates placing trades tied to their campaigns, which resulted in fines and five-year platform bans. Prediction market platform Kalshi has suspended three US political candidates after finding they traded on the outcomes of elections in which they were directly involved, describing the cases as “political insider trading.”
Some shareholders of Satsuma Technology Plc, including Pantera Capital, have asked the London-listed company to sell its Bitcoin holdings and distribute the proceeds to investors. Summary Pantera urged Satsuma to sell 646 BTC and return proceeds to shareholders after mounting pressure. Satsuma confirmed some investors want capital returned as it reviews options for all shareholders
Iran’s closure of the Strait of Hormuz over ceasefire breaches has pushed odds for a Trump-Iran meeting by April 30 down to 3.2%, falling from 8% just a day ago. Market reaction The diplomatic meetings market dropped quickly after Iran’s announcement. Odds are consistent across all tracked sub-markets for an April 30 resolution, pointing to
Two Polymarket accounts are under scrutiny after they won about $37,000 from weather prediction markets tied to Paris temperatures. Summary Two traders made $37,000 after short-lived temperature spikes settled Paris weather markets on Polymarket unexpectedly. Bubblemaps flagged one account that bought before the April 15 spike and later exited profitably. Météo France filed a complaint
Germany plans to expand its military to 460,000 troops by 2039, aiming to create Europe’s strongest conventional force against Russian threats. The US withdrawal from NATO by 2027 market sits at 0.5% YES. Germany’s announcement has added fresh skepticism to the possibility of a US pullout from NATO. With 252 days until resolution, the April
Bitcoin is trading around $78k, surging higher consistently as a combination of improving technical structure and renewed geopolitical optimism drives fresh buying. The extension of the US-Iran ceasefire has provided a meaningful risk-on catalyst, removing a key source of macro uncertainty that had been weighing on markets for weeks and giving buyers the fundamental backdrop
PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, is set to launch on ADI Chain, a Layer 2 network built for institutional settlement in the Middle East. Summary PUSD joined ADI Chain, giving institutions another stablecoin option for settlement across Gulf and Africa. The Shariah-compliant token holds $2.3 billion circulation and stays backed by Saudi
Zelensky warned that the ongoing Iran conflict could limit Ukraine’s access to US air defenses. The Russia-Ukraine ceasefire by May 31, 2026, market sits at 3.8% YES. Market reaction Traders pushed ceasefire odds down from 5% a week ago following Zelensky’s warning. The concern: US resources diverted to the Middle East leave Ukraine more militarily