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BlockBeats News, December 22, according to Coindesk, a study by the prediction market platform Kalshi found that prediction markets outperform Wall Street consensus expectations in inflation forecasting. Over 25 months of data, its average error was 40% lower than consensus forecasts. The study points out that the advantage of prediction markets lies in their ability to aggregate diverse information from numerous traders based on economic incentives, creating a "wisdom of the crowd" effect, which enables them to respond more sensitively to changing environments. These findings suggest that market-based forecasts can serve as a valuable supplementary tool for institutional decision-makers, especially during periods of high uncertainty. By comparing inflation forecasts on its platform with Wall Street consensus expectations, Kalshi found that market-based traders had higher forecasting accuracy than traditional economists and analysts during the 25-month observation period, with this advantage being particularly significant during periods of economic volatility. Specifically, the study found that from February 2023 to mid-2025, the average error of prediction markets' estimates of year-on-year changes in the Consumer Price Index (CPI) was 40% lower than consensus forecasts. When actual data deviated significantly from expectations, the advantage of prediction markets became even more pronounced, with their accuracy exceeding consensus expectations by up to 67%.

Foresight News reported, according to The Block, that Layer 1 blockchain Flare has announced the joint launch of the XRP yield product earnXRP with DeFi platform Upshift Finance, which provides yield vault infrastructure, and on-chain risk management company Clearstar. This product allows users to deposit FXRP (the wrapped version of XRP on Flare) into a single vault, which will deploy funds into various on-chain strategies to generate yield denominated in XRP.

BlockBeats News, December 22, according to monitoring by Onchain Lens, Circle has just minted 500 million USDC on the Solana network. Since October 11, Circle has minted a total of 18 billions USDC on the Solana network.