# Tokenpad Roundup #15 | BTC Selloff breaks $55k, Polymarket's Political Race, Polkadot's costs

> Sad week

**Published by:** [Tokenpad](https://paragraph.com/@tokenpad/)
**Published on:** 2024-07-05
**URL:** https://paragraph.com/@tokenpad/tokenpad-roundup-15-or-btc-selloff-breaks-dollar55k%2C-polymarkets-political-race%2C-polkadots-costs

## Content

This post is part of our newsletter, subscribe here on Paragraph, or through our app. On today's issue:BTC Selloff breaks $55k Polymarket's Political RacePolkadot's CostsThis issue is brought to you by Tokenpad: Tokenpad generates an earnings report for each asset you hold, across your crypto wallets. The app is now live on the App store and Google Play store.BTC Selloff breaks $55kOver the past few weeks, multiple entities have been on the verge of selling high amounts of BTC, and yesterday it happened. Germany, US and Mt. Gox have all signaled high amounts of selloffs, total 7,000 BTC and triggering a sell pressure that made BTC go to $54k. Read MorePolymarket's Political Race Polymarket is hosting 80% of the US election prediction market liquidity, even including web2 markets, estimating Trump winning at 61%. Across all markets, it reached 111m in trading volume. That's quite a lot. Even Vitalik likes prediction markets as an onchain way of finding truth. Read MorePolkadot's Costs The crypto community has gone crazy after Polkadot released its financial statement for 2024 H1. They've spent a whopping 86M out of their treasury, mainly on marketing and BD. $4M in digital ads. From their report:$4.9M to influencers - low quality.$7.9M to crypto events.$2.9M to Polkadot Decoded and Sub0.$180k to put their logo on Europe-based private jets for six months.In another hand, the usage growth has been close to none. The bottom line is: Burning cash on marketing is not going to help growth if there's no inherent product market fit. Polkadot has not been a better product than it's alternatives. Another key point is that Polkadot's treasury is a DAO managed by $DOT holders, while other chains have a foundation model with proper boards and traditional structures. Read MoreDid you like the roundup? Share it with a friendAlso, make sure to use Tokenpad's mobile app to track all your accounts, both on centralized exchanges, and decentralized wallets, for free.Want to help us build our product?Join our Telegram, and let us know your wild ideas on how to become the best portfolio tracker out there Disclosure: All content published is for informational purposes only, and does not constitute any sort of financial advice.

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