Tesla and X owner Elon Musk has triggered a once-in-a-while parabolic rally for frog-themed memecoin, Kekius Maximus (KEKIUS). This token was created by the billionaire’s followers, who generally track his profile changes on social media platforms. The token was created last year when the Tesla founder first changed his X profile name to Kekius Maximus. This action generally fuels a rapid price breakout for associated tokens. The Elon Musk and Kekius Maximus Link After months, he changed the profile name, the billionaire once again reinstated it, a move many considered a shoutout for the memecoin. Notably, different token variants were created the first time Elon Musk updated his profile photo with the name. One of the variants with the biggest liquidity is KEKIUS. According to data from CoinMarketCap, this token has jumped by 119% in 24 hours to $0.0502. This surge is unusual, as the token maintained an average price… Read More at Coingape.com
A new chapter in the intriguing saga of Ripple and XRP is unfolding. The ProShares Ultra XRP ETF (UXRP) is just around the corner, with its official launch scheduled for July 18. Will this historic development be a game-changer for the XRP ecosystem? ProShares UXRP ETF Launch: Details As ProShares has received the green light
In the last 30 days, Bitcoin has seen a growth of at least 16%, with a 3.3% surge in just the past seven days. Currently, Bitcoin’s price sits at $109,031. A new research-based analysis predicts that Bitcoin could reach $135K by July 2025, driven by its correlation with the US M2 money supply.
Bitcoin & M2 Correlation Explained
The analysis, shared by crypto analyst Wise Advice, highlights the strong connection between Bitcoin’s price action and the US M2 money supply. M2 includes physical currency, checking deposits, saving accounts, and money market funds. When M2 increases, it signals more liquidity in the financial system, which often flows into risk assets like Bitcoin.
Bitcoin typically mirrors the movement of M2 with a 10-12 week lag. Recently, the M2 money supply saw a 2.7% rise, increasing from $107.5 trillion to $110.72 trillion.
Wise Advice notes that this pattern has been evident since 2023:
October 2024: M2 peaked, and approximately 90 days later, Bitcoin reached a peak of $109K on January 20, 2025.
April 2025: After M2’s January drop, Bitcoin dropped to a low of $74K by April 7, 2025.
These instances demonstrate that Bitcoin’s price generally follows the M2 movement with a 10-12 week lag.
BTC Price Prediction
Currently sitting at $109K, Wise Advice predicts that if this pattern repeats, Bitcoin could grow by at least 24%, reaching $135K by July. The analysis also suggests that this surge in Bitcoin’s price could trigger a rally in altcoins as well.
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The post Bitcoin Price to Hit $135K by July 2025 appeared first on Coinpedia Fintech News
In the last 30 days, Bitcoin has seen a growth of at least 16%, with a 3.3% surge in just the past seven days. Currently, Bitcoin’s price sits at $109,031. A new research-based analysis predicts that Bitcoin could reach $135K by July 2025, driven by its correlation with the US M2 money supply. Bitcoin & …
Decentralized prediction platform Polymarket is reportedly on the verge of closing a $200 million funding round, a move that would catapult the company’s valuation past the $1 billion mark, according to a report from The Information. The fresh capital injection is expected to power Polymarket’s ongoing expansion efforts and regulatory alignment strategies, especially in light of its growing influence in global prediction markets.
Polymarket Funding Rounds
Polymarket made headlines earlier in 2024 with two major funding rounds in May, totaling $70 million. The $25 million Series A round was led by General Catalyst and included high-profile investors such as Airbnb co-founder Joe Gebbia and crypto investment giant Polychain. The subsequent $45 million Series B was spearheaded by Founders Fund, with Ethereum co-founder Vitalik Buterin also backing the platform.
These funding rounds followed Polymarket’s initial seed round in October 2020, which raised $4 million and laid the groundwork for its rapid growth.
Round
Date
Amount
Lead Investors
Seed
Oct 2020
$4M
Polychain, others
Series A
May 2024
$25M
General Catalyst, Gebbia
Series B
May 2024
$45M
Founders Fund, Vitalik Buterin
Pending
June 2025
$200M+
Founders Fund (expected)
Surge in Popularity During 2024 U.S. Elections
Polymarket gained massive traction during the 2024 U.S. presidential election cycle, with more than $3.3 billion wagered on key political outcomes. The platform’s prediction markets—ranging from candidate withdrawals to vice presidential picks—drew intense attention and were even cited in mainstream media reports.
Notably, Polymarket’s odds often diverged from traditional polling, raising discussions about the platform’s influence and the potential role of high-stakes bettors. This discrepancy sparked wider debates about the predictive power of decentralized markets versus conventional methodologies.
Regulatory Focus and U.S. Market Ambitions
In a strategic regulatory move, Polymarket appointed former CFTC Chairman J. Christopher Giancarlo to lead its advisory board in May 2022. This signaled a clear pivot toward compliance and long-term ambitions of operating more openly within U.S. jurisdictions.
However, due to regulatory limitations, the platform has continued to operate offshore for U.S.-specific prediction markets, particularly around elections. Polymarket previously settled with the CFTC and has remained under watchful eyes as discussions on prediction markets and gambling laws evolve in the U.S.
What’s Next for Polymarket?
With a $200 million round on the horizon and major backers in tow, Polymarket is positioning itself not only as a leader in blockchain-based prediction markets but also as a potential regulatory pioneer. If the deal closes as expected, Polymarket will join the elite group of crypto unicorns, cementing its role in shaping the future of decentralized forecasting.
The post Polymarket Nears $200M Funding Round, Valuation to Hit $1B appeared first on Coinpedia Fintech News
Decentralized prediction platform Polymarket is reportedly on the verge of closing a $200 million funding round, a move that would catapult the company’s valuation past the $1 billion mark, according to a report from The Information. The fresh capital injection is expected to power Polymarket’s ongoing expansion efforts and regulatory alignment strategies, especially in light …
