Ethereum News Today: BSC Ecosystem Welcomes Myriad's Prediction Market Move

Prediction platform Myriad, a key player in the blockchain analytics space, is rumored to be preparing to launch its services on the Binance Smart Chain (BSC) network, according to recent developments. The speculation follows the release of a teaser video by Myriad, featuring a yellow icon reminiscent of BSC's logo. Binance CEO Zhao Changpeng (CZ) responded to the tweet with a brief endorsement, writing, "Good color," according to a ChainCatcher report. This marks the latest indication of growing collaboration between Myriad and the BSC ecosystem, which has previously seen support from key figures like BSC's Head of Ecosystem Development, He Yi. Earlier this month, He Yi expressed openness to developers building prediction market projects on BSC, with YZi Labs committing to provide investment support, per a LookonChain post.

The potential partnership aligns with broader trends in the crypto market. On October 23, spot Bitcoin ETFs attracted $90.60 million in inflows, while Ethereum ETFs recorded $93.60 million in outflows, according to CoinPedia data. Bitcoin's 0.5% 24-hour gain to $111,382.03 contrasted with Ethereum's 0.32% rise to $3,932.12, as both assets traded in recovery mode amid a 25-day U.S. government shutdown. Myriad's data further highlighted market sentiment, with 79% of traders predicting the shutdown would persist until November 5, 2025, as reported by CoinPedia.

The move by Myriad to BSC could signal a strategic shift in the prediction market sector, which has seen increased interest from institutional players. Myriad's teaser video, though vague, has sparked speculation about the platform's technical integration with BSC's infrastructure. Analysts note that BSC's low transaction fees and high throughput make it an attractive alternative to Ethereum for decentralized applications, particularly prediction markets that require frequent on-chain interactions. YZi Labs' prior investments in BSC-based projects suggest the ecosystem is primed to support such initiatives, with He Yi emphasizing a "welcoming attitude" toward builders, according to LookonChain.

Meanwhile, the ETF inflow-outflow dynamics underscore Bitcoin's continued dominance in the crypto market. Fidelity's FBTC and BlackRock's IBIT led Bitcoin ETF inflows, adding $57.92 million and $32.68 million, respectively, despite a 12% drop in daily trading volume to $45.07 billion, as noted by CoinPedia. Ethereum, however, faced headwinds as BlackRock's ETHA ETF posted $100.99 million in outflows, outweighing Grayscale's modest $7.40 million gains. The divergent trends reflect ongoing uncertainty about Ethereum's post-merge roadmap and regulatory clarity.

As the crypto market navigates these dynamics, Myriad's potential BSC launch could catalyze further innovation in prediction markets. CZ's public endorsement, while brief, signals Binance's willingness to amplify projects that enhance BSC's utility. For now, investors and developers alike will be watching for concrete updates from Myriad, with the broader market closely tied to macroeconomic developments such as the U.S. government shutdown.