๐ Insider bet? 10 fresh wallets wager on Iran ceasefire
AI Summary
Crypto markets are bouncing on Iran ceasefire speculation after 10 suspicious freshly-created wallets placed $160K on Polymarket betting on a peace deal by month-end. The Resolv USR stablecoin suffered a $25M exploit after a private key compromise allowed minting of $80M in unbacked tokens, leaving the protocol functionally insolvent. Gold posted its worst weekly drop since 1983, shedding over 20% since the Iran war began, while BTC held above $70,000.
Key Facts
- Polymarket flagged 10 freshly created wallets that simultaneously wagered $160K on an Iran ceasefire by March-end, potentially paying out $1M and raising insider-trading suspicions.
- Resolv USR stablecoin collapsed 97% to $0.025 after an attacker exploited a compromised private key to mint $80M in unbacked tokens and drain ~$25M in ETH, leaving the protocol functionally insolvent.
- Gold posted its worst weekly drop since 1983 (-8.8%), wiping all 2026 gains, while BTC held above $70,000 throughout the Iran war, strengthening the BTC-to-gold ratio narrative.