Gate.io Launches INIT Perpetual Contract Pre-trading

April 23rd — Bloomberg reports Polymarket, long the leader in prediction market trading volumes, is grappling with multiple challenges. Dune Analytics data shows its global trading volume has been overtaken by main rival Kalshi. On valuation: Kalshi announced last month its valuation hit $22 billion after a new funding round, while Polymarket is valued at $15 billion following a recent $600 million investment from Intercontinental Exchange (ICE). Polymarket’s biggest bottleneck is a delayed official U.S. launch: its U.S. app remains in testing, with March trading volume just 1/20th of Kalshi’s. Technical hurdles from its blockchain architecture, repeated product launch delays, user backlash over recent fee adjustments, and over an hour of platform downtime continue to plague the platform. Additionally, Polymarket faces regulatory scrutiny for letting users bet on controversial topics like war and nuclear explosions. Democratic lawmakers have written to the CFTC requesting inte

April 23rd — Per GMGN monitoring (link: https://t.me/gmgnaibot?start=i_m4TE56o8), the previously hyped "Binance Life" token on BSC dropped 25% in 24 hours, as it lacked new anticipated catalysts. Market sentiment stayed subdued: the Chinese community narrative was in a vacuum, and over 90% of meme coin market caps continued to decline. Against this backdrop, the meme coin "Hakimi" emerged as a market favorite, becoming the focus of capital inflows on BSC today. Its market cap surged from $11 million to a high of $24 million, now sitting at $21 million. The token has a 66% 24-hour price gain, with $6.9 million in trading volume. During its uptrend, an address starting with 0xf3 was the largest on-chain buyer in the past 24 hours, accumulating ~10.6 million tokens at an average purchase value of $15.16 million. This position currently has an unrealized gain of $27,000 and has partially cashed out. Additionally, well-known KOL Wang Xiao Er (X: @brc20niubi) withdrew ~5.4 million tokens

On April 23, a rough calculation shows that the total current valuation of FTX founder Sam Bankman-Fried’s (SBF) early-stage investment portfolio—if not disposed of or frozen in bankruptcy liquidation—could already exceed $100 billion, starkly contrasting with the roughly $8–10 billion funding gap FTX faced that year. Among these assets, the most explosive comes from the AI sector: SBF previously invested around $500 million in Anthropic, and based on current valuations, that stake may now be worth nearly $70 billion, serving as the core driver of his potential wealth growth. Additionally, SBF’s early investment in Anysphere (developer of code editor Cursor) via Alameda Research was sold for $200,000 during bankruptcy proceedings. Given Anysphere’s current valuation of roughly $60 billion, the corresponding equity value could now reach $3 billion. In crypto assets, SBF accumulated ~$60 million worth of SOL when the token traded at ~$8; its peak value was estimated at ~$21 bill

Per HyperInsight monitoring data, on April 23rd, the "whale" initially added leverage positions in BTC, ETH, and HYPE this morning—then rushed to cut its ETH and HYPE leverage positions moments before a sharp market downturn. As of press time, its long position remains at $80.4 million. Notably, the whale has maintained tight position management recently, consistently staying well clear of its liquidation thresholds. The liquidation levels for its core positions (BTC and ETH) are currently ~7% below current market prices.

April 23 — Jupiter has rolled out its Prediction Bot, per official sources, expanding its predictive markets to Telegram. The update adds a new "Clans" feature that lets traders form teams, discuss market trends, and compete socially.

April 23 — Per HyperInsight monitoring (via its Telegram channel @HyperInsight), the whale identified as “Strategy Whales’ Opponent” continued opening 40x leveraged Bitcoin (BTC) short positions today. As of one hour before publication, the address had established a 166.1 BTC short position (equivalent to $12.97 million) at an average entry price of $78,268, with a liquidation price of $79,247. Notably, this same address manually exited a $78 million short position near its liquidation point two days ago after BTC surged past $76,000, incurring a $10.1 million loss. This time, it re-entered short positions with an extremely narrow liquidation buffer. Address: 0x94d3735543ecb3d339064151118644501c933814