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Crypto News
Trump Media Launches Polymarket Rival, Eyes $9B Prediction Market with Crypto.com
Trump Media & Technology Group has announced a partnership with Crypto.com to launch Truth Predict. The move places the company in direct competition with major players like Polymarket and gives it a stake in the $9 billion prediction markets.
According to Bloomberg, Trump Media will allow users to place prediction contracts on topics ranging from elections and economic indicators to sports outcomes and commodity prices. The new feature, Truth Predict, is expected to begin testing in the coming weeks before an official U.S. launch and subsequent global rollout.
Stablecoin Fear Spreads: South Korea’s Central Bank Warns of Depeg Threat, Urges Bank Safeguards
South Korea’s central bank has issued a stark warning over the growing risks of won-pegged stablecoins, cautioning that private issuers could threaten monetary stability if safeguards are not established.
The Bank of Korea (BOK) said in a new report titled “Currency in the Digital Age: Harmony of Innovation and Trust” that the rapid expansion of stablecoin activity poses systemic vulnerabilities, including potential depegging events and illicit capital flows.
France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro
France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly have adopted a resolution opposing the introduction of the European Central Bank’s (ECB) proposed digital euro while endorsing Bitcoin and the use of euro-denominated stablecoins as alternatives.
The proposal, introduced on October 22, 2025, by Éric Ciotti and members of the Union of the Right for the Republic (UDR), calls on the French government to reject the European Commission’s draft regulation establishing a digital euro.
Bitcoin Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on Tuesday was $202.48 million. The total net asset value of Bitcoin spot ETFs is $154.81 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.88%.
The Bitcoin spot ETF with the highest net inflow on Oct. 28 was ARK 21Shares Bitcoin ETF , with a net inflow of $75.84 million. Followed by Fidelity Wise Origin Bitcoin Fund, with a net inflow of 67.05 million, according to SoSoValue.