James Wynn, who once opened $1.23 billion in long positions, now only uses about $111,000 to open small short positions.

The post Let insiders trade – Blockworks appeared on BitcoinEthereumNews.com. This is a segment from The Breakdown newsletter. To read more editions, subscribe ​​“The most valuable commodity I know of is information.” — Gordon Gekko, Wall Street Ten months ago, FBI agents raided Shayne Coplan’s Manhattan apartment, ostensibly in search of evidence that the prediction market he founded, Polymarket, had illegally allowed US residents to place bets on the US election. Two weeks ago, the CFTC gave Polymarket the green light to allow those very same US residents to place bets on whatever they like. This is quite the turn of events — and it’s not just about elections or politics. With its US government seal of approval in hand, Polymarket is reportedly raising capital at a valuation of $9 billion — a reflection of the growing belief that prediction markets will be used for much more than betting on elections once every four years. Instead, proponents say prediction markets can provide a real service to the world by providing it with better information about nearly everything. I think they might, too — but only if insiders are free to participate. Yesterday, for example, Polymarket announced new betting markets on company earnings reports, with a promise that it would improve the information that investors have to work with.  Instead of waiting three months to find out how a company is faring, investors could simply watch the odds on Polymarket.  If the probability of an earnings beat is rising, for example, investors would know at a glance that things are going well. But that will only happen if enough of the people betting actually know how things are going. Relying on the wisdom of crowds to magically discern how a business is doing won’t add much incremental knowledge to the world; everyone’s guesses are unlikely to average out to the truth. If…

The post Gold’s Biggest Sell-Off Ever Could Fuel Bitcoin’s Next Bull Run to $200K appeared on BitcoinEthereumNews.com. How the gold rush ended in October 2025 After a significant rally that pushed gold prices above $4,300 per ounce, the metal reached a historic milestone driven by strong safe-haven demand. By October 2025, the market began experiencing profit-taking. Gold prices fell by more than 2% on Oct. 17, 2025, immediately after reaching the milestone. At the time of writing, spot gold was trading at around $4,023 per ounce: an 8.1% decline from the all-time high of $4,378.69. The primary trigger for the decline was easing US-China trade tensions after President Donald Trump said that maintaining full-scale tariffs on China would be unsustainable. In addition, a stronger US dollar and renewed investor interest in higher-yield assets like Bitcoin (BTC) contributed to the pullback. Did you know? The term “digital gold” gained popularity as Bitcoin’s scarcity and independence began to mirror gold’s role as a hedge against inflation. Gold’s history: Crashes and peaks Gold’s history is marked by dramatic surges and steep declines, driven by inflation, interest rates and geopolitical events. From its early-1980s peak to the sharp correction after 2013 and its strong rally in the 2020s before the October 2025 downturn, the gold market has witnessed several ups and downs. 1980-1999 drop: Following a rapid price surge driven by high inflation and geopolitical tensions, gold peaked in January 1980 at around $850 per ounce. The rally ended with the “Volcker Shock,” when Federal Reserve Chair Paul Volcker aggressively raised interest rates. Between 1980 and 1982, the Fed pushed the federal funds rate above 20% to curb inflation, triggering a sharp recession. This led to a major sell-off, with gold prices falling by more than 60% by 1982 and entering a long-term bear market. From around $850 per ounce in 1980, the gold price declined to about $278 per ounce…

PANews reported on October 29 that according to Onchain Lens monitoring, the "100% winning rate whale" has completely closed its BTC (13x leverage) long position, making a profit of US$1.4 million. Currently, the whale holds long positions in ETH (5x leverage) and SOL (10x leverage) worth $263 million, with a floating loss of $1.3 million.