Polymarket Political Volumes Surge Amid Geopolitical Tensions; Celestia Proposes Radical Consensus Shift

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-23 18:59:02

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Polymarket's political markets have witnessed a dramatic surge in activity, with trading volumes jumping from $3.9 million to $19.5 million in a week. The spike follows heightened geopolitical tensions, particularly around a market speculating on US military action against Iran, which saw $29.9 million in volume before resolving at 99% certainty.

Meanwhile, Celestia co-founder John Adler has proposed abandoning proof-of-stake consensus in favor of a novel 'proof-of-governance' system. The ambitious plan would slash TIA issuance by 95% and eliminate delegated staking, marking a potential paradigm shift for the modular blockchain network.

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U.S. Stocks Gain Amid Geopolitical Tensions; Crypto Market Watch

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