๐Ÿ‘€ Insider bet? 10 fresh wallets wager on Iran ceasefire

CoinDeskยทยท5 min read
Crypto/Web3FinanceDeFi
Share๐•in

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

โœ“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.
โœ“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.
โœ“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.

Author Takes

BullishCoinDesk Daybook

Bitcoin vs Gold as safe haven

BTC holding above $70,000 while gold posts its worst week since 1983 is drawing renewed attention from macro observers watching the BTC-to-gold ratio, implying BTC is emerging as a superior safe haven.

SkepticalCoinDesk Daybook

Iran ceasefire Polymarket bets

The coordinated timing of 10 freshly created wallets simultaneously betting on an Iran ceasefire has raised insider-trading suspicions.

More from CoinDesk

๐Ÿ“ฐTodayโšกFeed๐Ÿ“กSignals๐Ÿ’ฐCapital