Monat: Oktober 2025

Veröffentlicht am

Jupiter DEX partners with Kalshi to launch F1 Mexico Grand Prix prediction market on Solana

  • Jupiter DEX has teamed up with Kalshi to launch a prediction market for the Mexico Grand Prix.
  • Users can trade shares on race outcomes on the F1 race slated for Oct. 27, 2025.
  • Jupiter has seen its total value locked rise to $3.76 billion.

Solana’s leading DEX, Jupiter, has unveiled a new prediction market in partnership with the US-compliant platform Kalshi.

The move comes as the crypto market witnesses a notable surge in overall adoption, including via prediction marketplaces.

Jupiter’s launch of its prediction market in beta marks yet another milestone for the DEX platform.

Jupiter DEX launches Kalshi-powered prediction market

Jupiter Exchange, the prominent Solana-based decentralized exchange known for its liquidity aggregation prowess has today, October 22, 2025, announced the rollout of its inaugural prediction market, seamlessly powered by Kalshi.

Jupiter, which has amassed billions in trading volume since its inception, has positioned this launch as an important expansion beyond traditional token swaps.

By integrating Kalshi’s robust regulatory framework, the platform ensures adherence to federal standards while harnessing Solana’s high-speed, low-fee architecture.

Kalshi supplies event data and verification, while Jupiter’s smart contracts handle trading and payouts as part of the integration model.

Users  will connect through familiar Solana wallets as Phantom, executing trades through the DEX’s V6 aggregator for optimal liquidity routing.

Jupiter brings F1 Grand Prix trading to users

The debut market targets the Formula 1 Mexico Grand Prix, set for October 27, 2025, at Mexico City’s Autódromo Hermanos Rodríguez.

On the card for the race are top contenders like Max Verstappen, Lando Norris, and Charles Leclerc.

The new prediction market on Jupiter empowers users to speculate on the Mexico Grand Prix winner through intuitive, binary-style contracts.

Traders purchase shares priced from $0.01 to $0.99, where the value mirrors collective market sentiment on a driver’s victory odds.

If Verstappen’s shares trade at $0.65, for instance, it implies a 65% perceived chance of him claiming the checkered flag.

According to details, trading commences immediately and continues until the race starts, with no upper limit on positions beyond available liquidity.

Notably, Jupiter has minimum bets set low, which should see it appeal to both casual F1 enthusiasts and seasoned DeFi traders.

Kalshi will verify the official F1 result via its API, triggering on-chain redemptions.

Kalshi is one of the top prediction markets in the space and recently raised $300 million in a series D funding round amid its global expansion.

The funding valued Kalshi at $5 billion, with leading venture capital firms like Andreessen Horowitz, Sequoia Capital, Paradigm and Coinbase Ventures backing it.

Jupiter Exchange, meanwhile, has remained a top DeFi protocol on Solana. Currently, Jupiter ranks second behind Kamino in terms of total value locked, with over $3.76 billion.

TVL has grown in recent months as activity soared – particularly following the launch of the DEX protocol’s Jupiter Lend product.

The post Jupiter DEX partners with Kalshi to launch F1 Mexico Grand Prix prediction market on Solana appeared first on CoinJournal.

Veröffentlicht am

Nearly $300M wiped out as Bitcoin retreats to $108K

  • Bitcoin price jumped to near $114,000 before falling sharply to under $108,000.
  • The dip saw nearly $300 million in BTC positions wiped out.
  • BTC price hovered above $108,200 as bulls looked to bounce higher.

Bitcoin’s latest rally faltered early Wednesday, with top altcoins also dumping.

The dip to lows of $107,534 erases gains accumulated as prices jumped to near $114,000.

Notably, the dip triggered a cascade of leveraged-position liquidations across Bitcoin and the broader cryptocurrency market.

Bitcoin pullback to under $108k sees nearly $300m liquidated

After touching an intraday high near $114,000 on October 21, Bitcoin reversed sharply as selling pressure overwhelmed bullish momentum.

The flagship cryptocurrency fell to below $108,000, touching lows of $107,534 across leading crypto exchanges.

The dip saw 24-hour BTC liquidations hit nearly $300 million, while the broader crypto market had over $650 million in leveraged positions liquidated.

Like Bitcoin, the liquidations across the wider market impacted both longs and shorts.

Per data from Coinglass, bets getting rekt in the past 12 hours reached over $280 million, of which $128 million accounted for longs and $152 million for liquidated shorts in this period.

Bulls who anticipated a sustained breakout were caught off-guard. Likewise, bears betting on an immediate collapse also suffered as the price quickly stabilised above $107,500.

The benchmark crypto looks to have hit support and is currently eyeing more room for upside movement above the $108k mark.

Gains are crucial for bulls as data shows new BTC whales are currently underwater.

Crypto market data and analytics platform CryptoQuant says that as Bitcoin trades below its average cost basis of roughly $113k, weakness is notable.

Whales currently face $6.95 billion in unrealised losses, which is the largest mark for the metric since Oct. 2023.

Bitcoin price outlook

As of press time, Bitcoin traded near $108,262, up about 1% over the past 24 hours.

However, BTC is down nearly 5% in the past week, and the paring of gains seen as gold dumped on Tuesday suggests indecisiveness remains.

While traders now await fresh catalysts, including quarterly earnings from technology giants and the Federal Reserve’s next policy meeting, the immediate outlook has Bitcoin price hovering in the $107k-$115k region.

Positive developments on the macro front could influence risk appetite across risk assets and correlated markets.

Analysts see the current BTC price movement as one to watch, particularly as smart money positions.

Captain Faibik shared the comment below on X.

Despite the path of least resistance appearing to be range-bound, buyers taking out the $115,000 level amid bullish sentiment will be a big plus.

On the downside, the key price levels to defend are in the $105,000–$108,000 zone.

The post Nearly $300M wiped out as Bitcoin retreats to $108K appeared first on CoinJournal.

Veröffentlicht am

Tezos price prediction: a strong bounce could signal XTZ rally to $1.50

  • Tezos price is hovering near $0.60 amid a 4% surge in the past 24 hours.
  • XTZ eyes a potential bounce to above $0.70 as cryptocurrencies target gains.
  • If buying pressure holds, bulls will likely target $1.50, riding multiple bullish catalysts.

Tezos (XTZ) is among the altcoins showing signs of a potential rally as a 4.4% uptick in the past 24 hours helps bulls hold price above a key level.

While broader market sentiment remains fragile, Tezos’ price could benefit from increased on-chain activity and growing interest from developers and investors.

Tezos price pops 4% as bulls show resilience

In particular, the XTZ price has shown resilience as Tezos records notable DeFi growth.

Latest market data highlights a more than 4% increase in Tezos’ price over the past day, with this coming as buyers pile up near the $0.60 level.

Bullish sentiment even helped buyers retest the 0.62 mark.

The bullish momentum has been supported by a series of positive developments, including a partnership between the Tezos Foundation and the Museum of the Moving Image, as well as growing enthusiasm around the collaboration between Etherlink and Google Cloud.

Last week, the Tezos team shared details of key ecosystem metrics that showed growth.

Among these, Etherlink’s Total Value Locked (TVL) had increased to over $70 million, while Tezos DeFi TVL surpassed $36.7 million.

The blockchain network saw a 22.5% quarter-over-quarter growth in value, while Etherlink processed over 20.5 million transactions.

Highlighting EtherLink as key to Tezos’ future scaling, blockchain analytics platform Messari noted:

“I think we can agree that these numbers aren’t random spikes, they reflect a deliberate strategy. Most new integrations, liquidity programs, and incentives are being launched directly on Etherlink because it represents the future of Tezos’ scaling, the first runtime of the canonical rollup model.”

Messari published the report in late September.

Notably, the robust network activity has come amid user adoption across key protocols such as Curve, Superlend, Midas, Youves, and Sirius.

The surge in TVL and transaction volume suggests that builders are actively expanding within the Tezos ecosystem, a factor that could bolster investor confidence and help XTZ price.

Tezos price prediction: is $1.50 next for XTZ?

Currently, XTZ price hovers near $0.59, with a 24-hour gain of over 3.3%.

Data shows the altcoin’s value has slightly dipped from intraday highs of $0.62.

However, bulls are trying to keep bears from revisiting the intraday lows of $0.57.

Tezos price chart by TradingView

From a technical point of view, Tezos is hovering near the resistance line of a falling wedge pattern.

Bulls have retested the area around $0.70 in recent weeks, and bouncing to this zone could allow for continuation to the $1.20 to $1.57 range.

The daily RSI is indicating a potential divergence. As of writing, the RSI is sloping near the neutral mark.

XTZ gains to $0.62 amid rising volume, suggesting buyers are eyeing a potential extension of the upside flip.

The post Tezos price prediction: a strong bounce could signal XTZ rally to $1.50 appeared first on CoinJournal.

Veröffentlicht am

KDA dips 60% as Kadena ceases operation; Check forecast

Key takeaways

  • Kadena Organization has ceased operations, citing current market conditions as the catalyst.
  • Its token KDA has tanked 60% in the last 24 hours and could drop further. 

Kadena Organization ceases operations

The organization behind the Kadena blockchain announced on Tuesday that it is no longer able to continue business operations and is now winding down.

In an X post, the team stated that they are unable to continue to promote and support the adoption of this unique decentralized offering due to the current market conditions. 

Kadena is a proof-of-work blockchain, and the team added that it will remain in operation until miners and maintainers depart. However, the team will cease all business activity and active maintenance immediately. 

There are roughly 566 million KDA tokens still to be distributed as mining rewards, and it will continue until 2139. Kadena has been around since 2019 after it was launched by two U.S. Securities and Exchange Commission and JPMorgan alums, Stuart Popejoy and William Martino. The two had previously helped launch the predecessor to JPMorgan Chase’s Kinexys blockchain.

KDA dips by 60%, could suffer further losses

The KDA/USDT 4H chart is extremely bearish, thanks to the token losing 60% of its value in the last 24 hours. It was trading at $0.24 on Tuesday but fell sharply to $0.087 after the Kadena Organization announced its discontinuation.

KDA/USDT 4H Chart

The technical indicators are extremely bearish, with sellers in control. The RSI off 35 shows that KDA is currently bearish and could enter the oversold region soon. The MACD lines are also within the negative region, indicating a bearish trend.

If the selloff continues, KDA could drop below the October 10 low of $0.057 over the next few hours. The token is down 99% from the all-time high of $28 recorded in November 2021. With no team in place, KDA could struggle to record gains in the medium to long term.

The post KDA dips 60% as Kadena ceases operation; Check forecast appeared first on CoinJournal.