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NYSE parent invests $2B in Polymarket at $9B valuation

Intercontinental Exchange (ICE), the parent company of the NYSE, has invested $2 billion in Polymarket, a cryptocurrency-based prediction market. This investment values Polymarket at a significant post-money valuation of $9 billion. Polymarket allows users to buy and sell shares in outcomes of real-world events, with trading typically settled in stablecoins. Access for U.S. users has been limited due to regulatory issues; however, the recent investment indicates a merging of traditional finance with the evolving cryptocurrency landscape. Notably, Polymarket is preparing to relaunch in the U.S. market after receiving relief from the CFTC concerning federal reporting requirements. This represents a shift away from previous regulatory challenges faced by the platform, such as a cease-and-desist order from the CFTC in early 2022. In addition, the recent addition of Donald Trump Jr. to Polymarket's advisory board highlights the platform's strategic developments as it aims to navigate the regulatory environment as it works towards its U.S. relaunch.

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Dogecoin Treasury Firm CleanCore Boosts Holdings With DOGE Price Up 12%

CleanCore, a publicly traded dogecoin treasury firm, has increased its holdings to over 710 million DOGE, valued at approximately $182 million. This comes as the price of dogecoin rises, with CleanCore reporting unrealized gains exceeding $20 million. The company, which aims for an initial target of 1 billion DOGE, has

Polymarket Valued at $9 Billion After NYSE Owner Invests $2B in Prediction Market

Polymarket announced a $2 billion investment from Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, resulting in a post-deal valuation of $9 billion. This investment aims to enhance Polymarket's distribution capabilities by leveraging ICE’s extensive financial infrastructure to share market data with thousands of

Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach

Grayscale, a crypto-focused asset manager, has staked $150 million in Ether (32,000 ETH) for its exchange-traded products (ETPs), marking the first instance of a US-based crypto fund offering staking-based passive income. This significant move comes as Grayscale aims to enable its ETP and shareholders to earn rewards from staking.

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