Coinbase-Backed Limitless.exchange Secures $4M in Strategic Funding, Launches Points Program
Limitless.exchange, the largest prediction market on Base, has successfully closed a $4 million strategic funding round with participation from Arthur Hayes' family office, Maelstrom. This brings the platform's total funding to $7 million, backed by prominent investors like Coinbase Ventures and 1confirmation. The platform, known for its innovative hourly price markets for assets such as BTC, is gearing up for a Token Generation Event with the launch of a new points program. This development underscores the growing interest and confidence in decentralized prediction markets within the crypto ecosystem.
Limitless Secures $4M Strategic Funding, Launches Points Program Ahead of Token Generation Event
Limitless.exchange, the largest prediction market on Base, has closed a $4 million strategic funding round with participation from Arthur Hayes' family office, Maelstrom. The platform, which specializes in short-term price markets for assets like BTC, has now raised $7 million total, backed by notable investors including Coinbase Ventures and 1confirmation.
The platform's innovative hourly expiry markets, resembling 0DTE options but with simpler mechanics, have already processed over $250 million in volume. With the upcoming token generation event, Limitless introduces a points program rewarding early adopters for trading, providing liquidity, and referrals—potentially marking the first major prediction market airdrop to retail traders.
A new mobile-first trading experience further positions Limitless to capture global demand for speculative markets. The involvement of crypto heavyweights like Hayes signals strong institutional confidence in prediction markets' growth trajectory.
Coinbase Launches Concierge Service for High-Value Clients Amid Security Scrutiny
Coinbase has rolled out a premium support service, Concierge, targeting high-net-worth individuals and Coinbase One Premium members. The offering provides direct access to human advisors for personalized assistance, a MOVE aimed at bolstering trust after recent security breaches.
Early feedback from the limited pilot program has been overwhelmingly positive, according to CEO Brian Armstrong. The service currently caters to a select few thousand users, with plans for gradual expansion.
The launch follows heightened regulatory scrutiny and a social engineering attack that compromised less than 1% of user accounts. Coinbase's strategic pivot emphasizes institutional-grade support as cryptocurrency adoption grows among wealthy investors.
BlackRock’s IBIT ETF Amasses $3.85B in Bitcoin During June, Holdings Surge to $75B
BlackRock’s iShares Bitcoin Trust (IBIT) ETF concluded June with a $112.32 million inflow on the final day, bringing its total Bitcoin acquisitions for the month to $3.85 billion. The fund now holds $75 billion in BTC, marking a seismic shift in traditional finance’s embrace of digital assets.
The ETF achieved a record 15 consecutive days of inflows starting June 9, reflecting relentless demand for bitcoin exposure through regulated vehicles. At current prices near $106,000 per BTC, the June haul represents approximately 36,300 coins added to BlackRock’s holdings—a 5% monthly increase.
BlackRock’s institutional infrastructure proves decisive, with Coinbase serving as custodian and Aladdin risk management systems integrated for enhanced trading and reporting. Bitcoin ETFs now command significant market share, with IBIT leading the pack in consistent inflows.
