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Weekly crypto‑related contract volume on Kalshi and Polymarket hit a record $2.7 billion, driven by Bitcoin price bets

11,333 posts · 6,492 accounts · -6% vs the day before

  • $2.7 billion weekly crypto‑related contract volume was reported on Kalshi and Polymarket, with Bitcoin price bets cited as the main driver[6][7][10]
  • Bloomberg cited Dune Analytics data showing the $2.7 billion figure, confirming the record volume claim[10]
  • US spot Bitcoin ETFs saw $635 million net outflows on Thursday, the largest since June 25, according to Cointelegraph[3]
  • BlackRock’s ETF wallets transferred 3,215 BTC (≈$262.4 million) to Coinbase Prime within two hours, per on‑chain lens data[60]
  • Hemi announced a Bitcoin‑secured Layer 2 with smart contracts, positioning itself at the Bitcoin‑Ethereum intersection[2]
  • A claim of a “first ever privacy layer of Bitcoin” called BTCPrivate, allegedly combining Bitcoin with Zcash, was posted[4]

Posts cited

  1. [2] Mac72 · @ovivius ·

    🧡 Hemi is building new possibilities at the intersection of Bitcoin and Ethereum. 🌍 A Bitcoin-secured Layer 2, smart contracts, and a more connected ecosystem. The future is built one block at a time. 🚀 #HEMI #Bitcoin #Ethereum @hemi_xyz

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  2. [3] Open Ledger Crypto · @oledgercrypto ·

    $XMR tops the losers board, -4.4% in 24h 🔴 • XMR $581.86 (-4.4% in 24h, 11/12 feeds) • Cointelegraph: US spot Bitcoin ETFs recorded $635 million in net outflows on Thursday, the largest since June 25, erasing Wednesday's $528… 🔴 Slight bearish lean: XMR dumping.

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  3. [4] Azuky · @guardazuky ·

    THIS IS SO FUCKING GIGGA found the first ever privacy layer of Bitcoin called BTCPrivate from over 12 years ago. It combined Bitcoin’s secure blockchain with Zcash https://t.co/BNKwiC0lbH https://t.co/SxtZap6diE https://t.co/1jAhPFLjbx

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  4. [6] Futures Wire · @futureswire ·

    🚨 $BTC ALERT: Bitcoin Price Bets Help Push Weekly Crypto Volume on Kalshi and Polymarket to Record $2.7B 🔗 Open on MEXC: https://t.co/OhXrR4BFmD 🟢 Bullish: 65% • Weekly crypto-related contract volume reached a record $2.7 billion. • Crypto ranks second only to sports on both prediction market platforms. • Coinbase is expanding into prediction markets through an offering powered by Kalshi. 🔴 Bearish: 35% • Legal challenges to sports contracts in several U.S. states could discourage crypto exchanges from expanding into prediction markets. • The article reports declining spot trading volumes, suggesting weaker activity in traditional crypto exchange markets.

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  5. [7] inside predict · @popmemecoin ·

    JUST IN: 🚨 Crypto prediction markets shatter all-time records. Weekly trading volume on Kalshi and Polymarket hit a massive $2.7B driven by Bitcoin price bets. $BTC #Crypto #Bitcoin

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  6. [10] Wu Blockchain · @wublockchain ·

    Bitcoin Price Bets Help Push Weekly Crypto Volume on Kalshi and Polymarket to Record $2.7B Bloomberg, citing data compiled by a Dune Analytics user, reported that weekly notional volume in crypto-related contracts on Kalshi and Polymarket hit a record $2.7 billion last week, driven mainly by bets on short-term Bitcoin and other crypto price moves. Crypto now ranks second only to sports on both platforms. Crypto exchanges are expanding into prediction markets as spot volumes decline, with Coinbase's offering powered by Kalshi. However, legal challenges to sports contracts in several U.S. states could affect crypto exchanges' willingness to expand into prediction markets.

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  7. [60] Whale Insider · @whaleinsider ·

    JUST IN: BlackRock’s ETF wallets transferred 3.215K $BTC ($262.41M) and 38.882K $ETH ($93.22M) to Coinbase Prime within the past 2 hours - Onchain Lens.

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Written by an AI model from public posts; it can be wrong. Check the sources.

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