Source: Crypto Prediction Market Polymarket Weighs Launching Its Own Stablecoin
2025-07-22 20:21
Polymarket would create its own stablecoin to own the yield-generating USD reserves that back the amount of Circle’s dollar-pegged token, USDC, a source said.
According to BlockBeats, on July 25th, Arthur Hayes purchased 2.16 million ENAs worth approximately $1.03 million from platforms such as Binance, as monitored by Lookonchain.
Arthur Hayes has cumulatively held 7.76 million ENAs worth 3.73 million US dollars.
According to Onchain Lens monitoring, in the past 36 hours, a giant whale has deposited 7.95 million USDC into HyperLiquid and opened multiple long positions in ETH, SOL, PENGU, FARTCOIN, and HYPE using 3x leverage.
According to Lookonchain monitoring, the new Whale Wallet continues to increase its holdings of ETH. Three new wallets have purchased 74207 ETH (worth 273 million US dollars) again in the past 10 hours. Since July 9th, 8 new wallets have cumulatively increased their holdings by 540460 ETH (worth $1.99 billion).