SOL Faces Pressure, DOT Climbs 2.3%, While BullZilla Presale Rockets Past $460K as the Top New Crypto to Join Now

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…

PANews reported on September 18th that in response to the discussion about the waiting time for staking, Ethereum co-founder Vitalik Buterin said: "Staking means taking on the solemn responsibility of defending the blockchain. Exit resistance is part of the protocol. This is not to say that the current staking queue design is optimal, but to say that if the relevant parameter settings are naively reduced, the credibility of the chain will be greatly reduced from the perspective of those nodes that are not often online." Data from the validatorqueue website shows that as of now, the number of ETH in the Ethereum PoS network exit queue is 2,496,141, with a waiting time of approximately 43 days and 8 hours. During the same period, the number of ETH waiting to be activated is 464,626, with an estimated activation delay of approximately 8 days and 2 hours.

Highlights: Senator Lummis indicated that the U.S. might soon move forward with its national Bitcoin Reserve plan. Experts believe shifting a portion of gold profits into Bitcoin could boost long-term economic strength. Trump’s order to create a Bitcoin Reserve signals growing government interest in digital assets. The long-envisioned idea of a U.S. Strategic Bitcoin Reserve (SBR) might finally take shape. Pro-crypto Senator Cynthia Lummis hinted that the government could start funding this initiative “anytime now.” However, she added that progress remains hindered by the slow-moving legislative process in Congress. “Legislating is a slog, and we continue to work toward passage, but thanks to President Trump, the acquisition of funds for an SBR can start anytime,” she added, without sharing further information. Experts Discuss How Bitcoin Could Strengthen the U.S. Economy Lummis’s comments came on X, where she responded to a conversation between Jeff Park from ProCap BTC and Anthony Pompliano, both discussing how the United States could reinvest profits from its gold reserves into Bitcoin as a strategic asset. Jeff said the U.S. has about $37.88 trillion in debt, so using $1 trillion in gold gains would be a small and safe step. He said it’s not a risky idea but a smart way to handle the country’s growing debt. He added that if the government used those gold gains to buy Bitcoin, it could open a new way for long-term growth.  Park said turning some of the gold’s value into Bitcoin could help the U.S. benefit from its rising price in the future. He added that if Bitcoin were to increase by about 12% each year, it could grow around 30 times in 30 years, which could help the government address a large part of its fiscal deficit. According to him, this strategy could turn a small risk into a major advantage for the nation’s financial health. Senator Lummis praised this idea, calling it “a strong explanation” of why the Bitcoin Reserve and the BITCOIN Act are important. She said both initiatives represent a smart move toward strengthening the nation’s financial future. Her support also showed the growing political interest in using Bitcoin as a strategic hedge, much like gold has served for decades. This is a fabulous articulation of why the SBR and passing the BITCOIN Act makes so much sense. Legislating is a slog and we continue to work toward passage but, thanks to President Trump, the acquisition of funds for an SBR can start anytime. https://t.co/gUkeZBPQr4 — Cynthia Lummis (@CynthiaMLummis) October 6, 2025 U.S. Bitcoin Reserve Plan Gains Momentum Under Trump’s Executive Order President Donald Trump signed an executive order seven months ago to create the Strategic Bitcoin Reserve. It will begin with Bitcoin already held by the U.S. Treasury, mostly taken from criminal and civil cases. Senator Lummis said more Bitcoin could be added through budget-neutral methods, meaning no extra cost for taxpayers. So far, the government has not shared any clear details on how or when it will buy more Bitcoin. The plan and timeline for future purchases are still uncertain, as lawmakers continue to work on the process in the background. Some experts think the government might soon share plans to buy more Bitcoin. In a talk with CNBC, Anthony Pompliano said the market is watching a few important things right now. He said one of them could be an announcement that the U.S. is buying BTC. Pompliano added that starting the reserve and using the Bitcoin already held was a good first step, but it may just be the start of something bigger. Anthony Pompliano says, "The U.S. government will announce at some point that they are buying #Bitcoin" pic.twitter.com/X9TQbHx0cW — Bold Bitcoin (@BoldBitcoin) October 5, 2025 eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.