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Binance’s CZ must stay in US, Elon Musk seeks $1B for AI, and other news: Hodler’s Digest, Dec. 3-9

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Binance’s CZ will have to wait for his sentencing in the United States, the U.S. Congress passed a bill supporting blockchain, and Elon Musk’s xAI seeks $1 billion in capital.

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Coin Market

Prediction markets reflect ‘wisdom of an informed minority,’ not crowd: Study

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About 3.5% of informed traders, including market makers and skilled takers, capture over 30% of profits on prediction platforms, while about 67% of users absorb the entirety of losses.

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Coin Market

Western Union eyes May for its stablecoin USDPT rollout

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Western Union CEO Devin McGranahan said the company will focus on expanding adoption and embedding digital assets into its core money movement platform going forward.

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Aave asks Arbitrum to send 30K ETH from Kelp exploiter to ‘DeFi United’

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More than $21 million in contributions has been made to the “DeFi United” relief effort so far, with another $215 million to be potentially allocated if certain governance proposals succeed.

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