Gemini Explores Prediction Markets, Bitcoin Holdings Show Resilience, ZKsync Token Seeks Enhanced Utility
Gemini Explores Prediction Markets, Bitcoin Holdings Show Resilience, ZKsync Token Seeks Enhanced Utility
Crypto exchange Gemini is reportedly exploring a strategic expansion into prediction markets. Meanwhile, a prominent crypto analyst highlights the resilience of major Bitcoin holders, asserting their ability to withstand liquidation even in severe bear market conditions. Concurrently, the ZKsync project is considering a revamp of its governance token to imbue it with greater economic utility and value capture.
Bloomberg reports that Gemini is looking to expand into prediction markets, which would mark one of the company’s biggest moves since going public in September.
Crypto analyst Willy Woo says it would need to be “one hell of a sustained bear market” to force Strategy to liquidate any of its Bitcoin.
ZKsync co-creator Alex Gluchowski has proposed to shift the project’s governance token to one with “economic utility” and value capture.