financial technology Archives - Coin Engineer

Polymarket and Kalshi Surge in Financial Prediction Markets

Yeliz Akmaca — Thu, 23 Oct 2025 07:58:49 +0000

Polymarket and Kalshi are experiencing significant growth in the financial prediction market, attracting investor interest and drawing attention with new funding rounds. Both platforms have seen a rapid increase in trading volume; in the week ending October 19, total trading volume across both platforms exceeded $2 billion, surpassing the record set during last year’s presidential election.

Polymarket: Valuation Hits $15 Billion

Blockchain-based prediction market platform Polymarket aims to raise its valuation to between $12 and $15 billion through ongoing investor discussions. This represents more than a tenfold increase from its $1 billion valuation in June.

In June, Polymarket raised $200 million from investors led by Peter Thiel’s Founders Fund.
Earlier this month, Intercontinental Exchange (ICE), the operator of the New York Stock Exchange, announced plans to invest up to $2 billion in Polymarket. This deal alone pushed the company’s valuation to approximately $8 billion, excluding additional new funding.
This valuation surge made CEO Shayne Coplan the youngest self-made billionaire in the sector.

Kalshi: Valuation Exceeds $10 Billion

Kalshi, a direct competitor of Polymarket, has received investment offers valuing the company at over $10 billion, more than double the valuation reported in its funding round a few weeks ago.

Most offers come from major venture capital firms such as Sequoia Capital and Andreessen Horowitz.
Last month, Kalshi completed a $300 million funding round, boosting its valuation to $5 billion.
In 2024, Donald Trump Jr. joined the company as a strategic advisor, drawing additional attention.

According to Cryptopolitan, both platforms have recently experienced significant increases in betting activity.

Wall Street and Sports World Take Notice

Major financial institutions and gambling companies are closely monitoring the situation. Polymarket CEO Shayne Coplan noted that with DraftKings entering the prediction market, the platform could serve as a central hub. On the same day, the National Hockey League announced multi-year deals with both Kalshi and Polymarket, becoming the first major American sports league to partner with prediction market platforms.

Regulatory Uncertainty

Prediction markets still face unclear regulations. While federal regulators have allowed Kalshi to open new markets, state gambling authorities have challenged this in court. Issues related to market manipulation and insider trading remain unresolved.

Conclusion

The rapid growth of Polymarket and Kalshi underscores the increasing importance of prediction markets in the financial ecosystem. By allowing investors to speculate on future events, these platforms create a new investment space beyond traditional financial instruments. Strong investor backing and expanding user bases highlight the sector’s potential.

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Japan Loses Top Global Credit Provider Title After 34 Years

Yeliz Akmaca — Tue, 27 May 2025 12:00:44 +0000

For 34 years, Japanese banks were the world’s largest credit providers. However, this title has now been taken by other countries. Tokyo-based financial analyst Takashi Nakamura says:

“Japanese banks provided high volumes of credit for a long time, but the population structure and economic growth have slowed. Japan’s demographic issues have reduced credit demand. People have turned more toward saving.”

Indeed, Japan has a rapidly aging population, with a declining youth demographic. This directly affects credit needs. Bank manager Ayumi Saito states, “As the young population decreases, demand for housing and consumer loans has fallen. We are also more selective when granting credit.” Although Japan’s external assets reached a record level in 2024, Germany surpassed Japan with 569.7 trillion yen. This is explained by Germany’s strong current account surplus and the weakening of the Japanese yen.

Countries like China and the U.S. have increased their lending thanks to rapidly growing economies. Chinese economist Li Wei explains, “China rapidly expanded its credit volume and focused on technology investments. That’s why we had to surpass Japan.” Meanwhile, other major economies like the U.S. and China have implemented more aggressive credit market policies. This has caused Japanese banks to lose market share. Consumer spending and investments in Japan’s domestic market also remained below expectations.

New Global Balances and Japan’s Roadmap

Japan losing its credit provision leadership has shifted the balance in the financial world. Bank employee Kenji Tanaka says, “Now, size alone is not enough to compete. Flexibility and technological infrastructure are also very important.”

Banks are focusing on digitalization and sustainable projects. Investors are also prioritizing these areas. Financial analyst Yuki Matsuda says, “The future of lending will be in green energy and technology investments. Japan must secure its place in these fields.” Japan’s external liabilities increased by 10.7%, reaching 1,125.97 trillion yen. Also, the Japanese yen depreciated; by the end of 2024, the dollar rose 11.7% from 141.40 yen a year ago to 157.89 yen. This played a significant role in Japan’s financial balance.

The decline in Japan’s credit providing power is not just a numerical loss. It signals a fundamental shift in market dynamics. In the coming years, more balanced, innovative, and sustainable financial models will emerge.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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JPMorgan Steps Into Public Blockchain With First Real-World Transaction

Yigit Taha OZTURK — Wed, 14 May 2025 13:20:24 +0000

After years of developing its private blockchain, one of the world’s largest banks has finally made a bold move into the public crypto space. And this time, it’s not just another proof of concept—it’s something much bigger.

From Walled Garden to Open Ledger

JPMorgan Chase has long maintained a “walled garden” approach to blockchain, focusing on a private system for its clients. But on May 14, 2025, the bank announced that it successfully settled a transaction on a public blockchain with the support of Chainlink and Ondo Finance.

Through its blockchain unit, Kinexys, JPMorgan facilitated a transaction between two internal accounts to purchase tokenized treasuries on Ondo’s public network. The payment was triggered via Chainlink, a decentralized oracle network that bridges real-world data and blockchains.

More Than Just a Proof of Concept

Although JPMorgan has tested public blockchain interactions before, such as a 2024 collaboration with Siemens, this marks the first time it has built a functional interface to a public ledger. According to Sergey Nazarov, Chainlink’s cofounder, this infrastructure is moving toward production use.

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Nelli Zaltsman, head of platform settlement solutions at Kinexys, emphasized that this isn’t about chasing political trends or investor hype. It’s a carefully planned move rooted in the bank’s long-term blockchain roadmap.

Regulatory Shifts and Industry Momentum

JPMorgan’s move comes during a broader shift in the U.S. regulatory landscape. Under President Donald Trump, a known pro-crypto advocate, regulators have reversed prior crackdowns, encouraging institutions to re-engage with crypto. His administration has even ordered the creation of a strategic Bitcoin reserve.

Meanwhile, legacy finance names like Fidelity, BlackRock, and Morgan Stanley are ramping up their blockchain efforts. But JPMorgan’s leap into the public space is being viewed as a turning point driven by strategy—not politics.

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Binance Announces New Launchpool Project!

Yigit Taha OZTURK — Thu, 27 Mar 2025 13:58:40 +0000

Binance is introducing a new cryptocurrency to investors. GUNZ (GUN), a Layer-1 blockchain specifically designed for AAA games, will be available on Binance Launchpool. Users can stake BNB, FDUSD, and USDC to earn GUN rewards over a set period.

Binance has also announced the listing date for GUNZ (GUN). The token will be available for trading on March 31, 2025, at 13:00 (UTC). Investors can trade GUN with GUN/USDT, GUN/BNB, GUN/FDUSD, and GUN/TRY pairs.

What is GUNZ (GUN)?

GUNZ (GUN) is a blockchain project developed by Gunzilla Games. This Layer-1 network is specifically designed for AAA games, supporting in-game asset management and a decentralized economy. The total supply is 10 billion GUN, and the circulating supply at the time of the Binance listing will be 604.5 million GUN.

GUNZ (GUN) Farming Process Begins!

Binance Launchpool users will have the opportunity to earn GUN rewards starting March 28, 2025. The farming period will end on March 30, 2025. Users can stake BNB, FDUSD, and USDC in designated pools to receive GUN rewards. A total of 400 million GUN will be distributed during the farming process.

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Rewards will be calculated based on the user’s share in the pool and will be updated every hour. Users can claim their rewards at any time, and all unclaimed rewards will be automatically transferred to their spot accounts at the end of the farming period.

GUNZ (GUN) to Be Listed on Binance!

Binance will list GUNZ (GUN) on March 31, 2025, at 13:00 (UTC). Users will be able to trade GUN with GUN/USDT, GUN/BNB, GUN/FDUSD, and GUN/TRY pairs. GUN will be listed with the “Seed Tag” label on Binance.

Binance reminded users that they must update their Binance App to version 2.89.0 or higher to participate in the farming process. Additionally, the Binance team reserves the right to disqualify users engaging in fraudulent or abusive activities during the farming period.

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Visa and Mastercard Collaborate on Solana Credit Card!

Yigit Taha OZTURK — Wed, 26 Mar 2025 14:00:22 +0000

Visa and Mastercard are teaming up to launch a Solana credit card in early 2026. One of the most notable features of the card is that users will be able to hold balances in $SOL. Additionally, the card will have no annual or transaction fees, and it will be accepted globally through Visa and Mastercard’s extensive networks.

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Key Features:

No Fees: The card will provide services without annual or transaction fees.
$SOL Balance: Users will be able to hold their card balance in Solana (SOL) cryptocurrency.
Global Acceptance: With the joint partnership of Visa and Mastercard, the card will be usable at millions of locations worldwide.

This development is seen as a significant step towards the integration of the cryptocurrency world with traditional financial systems. Visa and Mastercard’s partnership aims to increase adoption of the Solana ecosystem and encourage wider use of cryptocurrencies for daily financial transactions.

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Fidelity Investments Plans to Launch Its Own Stablecoin!

Yigit Taha OZTURK — Wed, 26 Mar 2025 11:00:35 +0000

Fidelity Investments is reportedly in the advanced stages of launching its own stablecoin, aiming to position itself in the rapidly expanding tokenized finance sector. The Financial Times recently reported that the financial giant intends to introduce a blockchain-based digital cash alternative, which could be used within its U.S. dollar money market fund. This move highlights the growing institutional interest in stablecoins and digital assets.

Fidelity’s Stablecoin Initiative

According to sources close to the matter, Fidelity Investments is developing its stablecoin as part of its broader strategy to enter the tokenized government bonds market. Stablecoins, which are pegged to traditional assets like the U.S. dollar, offer a seamless way for crypto investors to maintain fiat value without exiting the market.

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This development follows Fidelity’s recent filing for a blockchain-based version of its U.S. dollar money market fund, known as the Treasury Digital Fund (FYHXX). This fund, currently accessible to institutional clients, holds cash and U.S. Treasury securities. A Fidelity-backed stablecoin could play a key role in facilitating transactions within this fund.

Competition in the Stablecoin Market

The stablecoin market is already dominated by major players like Tether’s USDT and Circle’s USDC. Fidelity’s entry into this space signals increasing competition among financial institutions looking to capitalize on the growing demand for tokenized assets.

Notably, this announcement comes just a day after World Liberty Financial (WLFI)—a decentralized finance protocol backed by Donald Trump—confirmed its own plans to launch a stablecoin.

While Fidelity has not yet provided an official statement on this development, the move aligns with its ongoing efforts to integrate blockchain technology into traditional financial markets.

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Are Security Concerns Slowing Down the Adoption of Cryptocurrencies?

Yigit Taha OZTURK — Tue, 25 Mar 2025 15:00:13 +0000

Security concerns remain the biggest barrier to mainstream adoption of cryptocurrency payments. A survey of 4,599 users conducted by Bitget Wallet found that 37% of respondents see security risks as the main obstacle to crypto payments.

However, 46% of users stated that they prefer crypto payments over fiat due to their speed and efficiency.

Bitget Wallet Strengthens Security Measures

Bitget Wallet has implemented multi-layered security measures to boost confidence in crypto payments. MEV protection is now enabled by default on major chains like Ethereum, BNB Chain, and Solana, preventing front-running and sandwich attacks.

Additionally, the GetShield engine actively scans smart contracts, DApps, and URLs to detect malicious activity before users sign transactions.

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To further ensure asset security, Bitget Wallet has established a $300 million user protection fund to cover losses due to platform-level issues.

Emerging Crypto Scams Threaten Security

New crypto scams, such as wallet poisoning, have become a major security concern. Scammers trick victims into sending funds to fraudulent wallet addresses, leading to over $1.2 million in stolen funds in the first three weeks of March.

Survey findings also indicate:

Gen X users are most concerned about security, while
Gen Z users prioritize ease of use and lower transaction costs.

Africa and Southeast Asia Lead Crypto Payment Adoption

Bitget Wallet’s report found that Africa and Southeast Asia are the most crypto-friendly regions.

52% of African respondents and
51% of Southeast Asian respondents showed interest in using crypto for payments.

High remittance costs and limited banking access are key drivers of crypto adoption in these regions.

Bitget Wallet facilitates access to crypto payments by offering non-custodial wallets that do not require traditional bank accounts. With support for 130+ blockchains and stablecoins, users can send and receive digital assets globally while maintaining purchasing power.

Crypto Payments Surge in Latin America

In Latin America, high remittance fees drive users toward crypto payments. As of 2024, bank-based remittance fees averaged 7.34%, making crypto a cost-effective alternative.

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Pakistan Eyes Crypto Legal Framework to Attract Investors

Yigit Taha OZTURK — Thu, 20 Mar 2025 08:30:48 +0000

Pakistan is drafting a regulatory framework for cryptocurrencies, aiming to become a leader in blockchain-powered finance and attract foreign investors. Pakistan Crypto Council CEO Bilal Bin Saqib stated, “We no longer want to sit on the sidelines. We need a business-friendly, clear regulatory framework.”

Pakistan’s Crypto Vision

According to Bilal Bin Saqib, Pakistan has a Web3-ready workforce, with 60% of its population under 30. “We aim to establish ourselves in global finance through blockchain and crypto technologies,” he said.

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Recently appointed as Pakistan’s crypto advisory head for the Finance Ministry, Saqib highlighted that Pakistan ranks ninth globally in crypto adoption, with nearly 20 million users, according to Chainalysis data.

Saqib referred to former U.S. President Donald Trump as “the biggest bullish catalyst in crypto history.” He emphasized Trump’s plan to build Bitcoin reserves, urging nations to prioritize crypto to stay competitive.

A Stronger Economy Through Blockchain

Saqib noted that blockchain technology presents massive opportunities for developing nations like Pakistan and Nigeria. By leveraging blockchain for remittances and trade, these countries can cut transfer fees (5-9%) and enhance cross-border payment systems with faster, low-cost solutions.

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Fidelity Moves to Enable Staking for Ethereum ETF!

Yigit Taha OZTURK — Tue, 11 Mar 2025 13:42:54 +0000

Fidelity, one of the world’s leading financial services companies, has officially filed an application to offer staking services as part of its Ethereum-based exchange-traded fund (ETF). The application, submitted to the Cboe BZX Exchange and currently under review by the U.S. Securities and Exchange Commission (SEC), proposes to allow staking of shares in the Fidelity Ethereum Fund.

According to the filing, the fund’s holdings of Ethereum (ETH) would be staked on the Ethereum network through trusted staking providers. Through this process, the fund aims to generate additional income for its investors by earning staking rewards. Fidelity emphasized that staking will be strictly limited to ETH held by the fund, with complete control remaining with the fund’s appointed custodian.

The Staking Process and Security Measures

As outlined in the filing, following Ethereum’s transition to a proof-of-stake consensus mechanism, validators on the network can earn rewards through staking with lower energy consumption. Fidelity stated that it has implemented comprehensive security measures for the staking process, and staked ETH will be used exclusively on behalf of the fund. The assets will not be pooled with any third-party funds.

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Fidelity’s Vision and Market Implications

With this move, Fidelity plans to deepen its integration into the digital asset ecosystem and provide its investors with opportunities for passive income through staking. Analysts suggest that adding a staking feature to an Ethereum ETF could mark a turning point in the U.S.-based digital asset investment product market. Furthermore, this development could boost institutional interest in Ethereum.

How the SEC responds to this application will not only determine Fidelity’s next steps but could also influence the roadmap for other potential Ethereum ETF issuers in the sector.

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Is Stablecoin Supply a Key Factor in Blockchain’s Legitimacy?

Yigit Taha OZTURK — Mon, 03 Mar 2025 16:00:17 +0000

Cryptocurrency security analyst and Paradigm advisor ZachXBT stated that stablecoins issued by major issuers are one of the most important metrics in determining the legitimacy of a blockchain network. He argued that the presence of large stablecoin issuers like Circle, Tether, and Paxos in the ecosystem signals the adoption rate and usage potential of that network.

These statements came after the announcement that U.S. President Donald Trump plans to include digital assets like Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) in the country’s strategic cryptocurrency reserves.

ZachXBT highlighted the absence of stablecoins issued by Circle, Tether, and Paxos in major networks like Cardano and the XRP Ledger. According to him, if these issuers saw a “valuable opportunity” in those networks, they would have integrated their stablecoins into them.

Response from Cardano Foundation

Cardano Foundation CEO Frederik Gregaard stated that stablecoin integration is not the only factor determining a blockchain’s legitimacy. Gregaard emphasized that true legitimacy should rely on factors such as security, decentralization, sustainability, development activities, real-world usage, and community involvement.

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Gregaard noted that Cardano’s long-term goal is to build infrastructure capable of supporting global financial systems. He highlighted that the network is built on technical excellence, security, and scalability. However, he also mentioned that as Cardano’s adoption increases, he expects greater interest from major stablecoin issuers.

Gregaard also pointed out that despite stablecoins like Tether (USDT) and USD Coin (USDC) not being directly issued on Cardano, they can still be used within the ecosystem through the Wanchain Bridge.

Stablecoin Developments on XRP Ledger and Cardano

Although major stablecoin issuers are not directly present on the XRP Ledger and Cardano, both networks have seen stablecoin projects.

The RLUSD stablecoin, developed on the XRP Ledger, started trading on exchanges like Uphold, MoonPay, Archax, and CoinMENA after receiving approval from the New York Department of Financial Services on December 17, 2024. Ripple President Monica Long announced that RLUSD would soon be listed on more exchanges.

On the other hand, in the Cardano ecosystem, the ADA-backed and Shen (SHEN)-collateralized Djed (DJED) stablecoin was launched in 2022. According to CoinGecko data, DJED‘s market capitalization is at 4 million dollars. In 2024, Cardano integrated the fiat-backed USDM stablecoin. The USDM launch on March 18 is seen as a significant step by the community.

These developments show that, although major stablecoin issuers have not yet turned to these networks, stablecoins play an important role in the XRP Ledger and Cardano ecosystems.

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