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Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is set to invest $2 billion in crypto-powered prediction market Polymarket.The deal, which Polymarket CEO Shayne Coplan confirmed on X, values the platform at $9 billion. ICE’s investment could lend regulatory credibility to Polymarket’s efforts to return to the U.S. market.”Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream,” Coplan wrote. “ICE is the one remaining founder-led exchange company, and Jeff is all-in on utilizing his assets, including NYSE, to usher in a new financial era of tokenization.”Founded in 2020, Polymarket lets…

BTC lost some steam after reaching another record level. The past 24 hours have been quite turbulent for the cryptocurrency market, with Bitcoin (BTC) reaching a new record price. Nonetheless, the asset experienced a correction after that and currently trades below $124,000. Multiple well-known altcoins, including Hyperliqduid (HYPE), Solana (SOL), and Litecoin (LTC), have also registered some declines. Huge Volatility for BTC The biggest cryptocurrency performed quite well on October 6, and at one point, it hit a fresh all-time high price of over $126,000. Since then, however, it has headed south, and as of this writing, it trades…

By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin BTC$121,551.52 remains in an uptrend, despite the overnight pullback. The world’s largest cryptocurrency is on fire, having rallied nearly 10% in one week. While the buzz around BTC is natural, other sub-sectors, such as real-world assets (RWAs), are lighting up big time and deserve attention.On Monday, Ondo Finance, one of the top five RWA projects by market value, announced the acquisition of Oasis Pro, a U.S. firm with full SEC broker-dealer, ATS, and Transfer Agent licenses.The takeover enables Ondo to offer compliant tokenized securities products in the U.S., including the issuance,…

The Bank of England (BOE) appears to be softening its stance on proposed limits to corporate stablecoin holdings, with plans to introduce exemptions for certain firms that may need to maintain larger reserves of fiat-pegged assets, according to a Bloomberg report published Tuesday.Citing people familiar with the discussions, Bloomberg reported that the BOE’s reconsideration comes amid intense industry backlash and growing international competition, particularly from the United States, which is moving toward clearer regulation through the GENIUS Act, which was signed into law in July.The BOE had initially proposed caps on stablecoin holdings — 20,000 pounds (about $27,000) for individuals…

Tether, issuer of the world’s largest stablecoin, plans to propose its own candidates for a board seat at Juventus FC, the Italian soccer club in which it owns a stake of 10.7%, Reuters reported on Monday.The stablecoin giant will submit its list at the club’s annual shareholder meeting in November, according to the report, citing an email from Tether.Tether also said it plans to propose some “governance changes” at the Nov. 7 meeting, though did not elaborate what these are, the report said. Juventus investors will vote upon the company’s board renewal at the shareholder meeting.Tether acquired 8.2% of Juventus…

At a recent event in Manhattan, SEC Chair Paul Atkins vowed to deliver innovation exemptions by the end of the year. This would give Web3 firms explicit permission to ignore certain regulations. The Commission can’t make any progress on the effort right now, due to the government shutdown. It will need to carefully construct the exemptions’ language to retain crucial fiscal guardrails and prevent instability.Innovation Exemptions ExplainedSince Paul Atkins took over at the SEC in April, he’s been revolutionizing US crypto regulation in several key ways. Between his involvement in market structure legislation and moves to approve altcoin ETFs, he’s…

Key takeaways:Ethereum failed to break $4,800, with a bearish divergence leading to a 3% correction.Spot selling pressure rose, but leveraged traders remain active.A rebound from $4,400 could reset bullish momentum toward new highs.On Monday, as Bitcoin (BTC) rallied to a new all-time high, Ether (ETH) failed to clear its resistance at $4,800, triggering a sharp 3% correction below $4,500 on Tuesday. The price dip took place on the back of a bearish divergence on the four-hour chart. This typically indicates that buyers are losing strength, often preceding a local top or short-term reversal.Ether bearish divergence dip analysis. Source: Cointelegraph/TradingViewETH retested…

Intercontinental Exchange (ICE) invested $2 billion into Polymarket at a $9 billion post-money valuation, CEO Shayne Coplan announced on Oct. 7.The deal represents the most significant single investment in prediction markets and positions the sector as crypto’s emerging battleground as institutional capital seeks on-chain infrastructure with real-world utility.ICE is the owner of the New York Stock Exchange and the world’s largest exchange company.Lynn Martin, president of NYSE, celebrated the partnership in a post before the opening bell. She said that the partnership will “help bring prediction markets into the financial mainstream.”Beyond the investmentCoplan described the partnership as “a major step…

High-performance computing firm IREN (IREN) stock slipped 6% on Tuesday post-market after announcing a $875 million convertible debt offering.The offering may increase to $1 billion if initial purchasers take up an option to buy an additional $125 million, the press release said. The notes will be unsecured and give holders the right to convert into IREN shares or cash under certain conditions, with maturity set for July 2031.The firm said proceeds will fund general operations and capped call transactions, which are intended to reduce potential share dilution if the notes convert into equity. These capped calls are also designed to…

HYPE drops 6% to $46 with $3.3M outflows. Price tests $43–$45 demand zone as whales hold $60M and smart money resists selling. Hyperliquid (HYPE) has pulled back to $46, down 6% in the last 24 hours. The weekly performance remains slightly positive, showing a 2% gain. Trading volume continues to be strong, with over $647 million recorded in the same period. Meanwhile, this recent drop follows a period of upward movement, raising questions about whether current price action marks a short-term correction or the start of a deeper decline. Price Pulls Back Into Key Zone HYPE is now sitting…