Polymarket is seeking new capital at a $12 billion valuation, according to Bloomberg. This marks a 20% increase from its previous $10 billion round and has sparked speculation that the prediction market platform could follow Kraken’s path toward a US IPO. The timing aligns with Kraken’s recent moves. The exchange closed an $800 million raise
The UAE represented by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), executed the first ever cross border payment using central bank digital currency (CBDC), utilizing the MBridge or Jisr network, developed
Crypto infrastructure firm Sequence—previously Horizon Blockchain Games—is attempting to solve one of crypto’s biggest interoperability problems, putting an end to user and developer concerns about wallets, tokens, gas fees across individual blockchains. On Thursday, the firm unveiled Trails, a new transaction orchestration platform designed to allow applications to accept crypto from anyone, anywhere in just
Tether, the company behind the world’s largest stablecoin USDT USDT$0.9992, said Thursday it has invested in Parfin, a Latin American crypto firm that builds digital asset infrastructure for institutions. The firm said the deal will help scale tools for banks and institutions to move more of their operations onto blockchain rails, a shift Tether sees
Cipher Mining (CIFR) announced a new 10 year HPC hosting agreement with Fluidstack that adds 56 MW of additional capacity at its Barber Lake site in Texas. The deal secures about $830 million in contracted revenue over the initial term and expands Fluidstack’s lease to the full 300 MW available at the site. With two
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2954.76, up 4.4% (+123.58) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: APT (+10.0%) and POL (+7.9%). Laggards: LTC (+2.6%) and BTC (+3.2%). The
Spot Bitcoin ETFs in the US have returned to net inflow territory after five days of uninterrupted outflows. According to SoSoValue data, the funds recorded a total net inflow of $75.47 million on Wednesday. Spot Bitcoin ETFs End Five-Day Outstrip BlackRock’s IBIT fund saw the largest inflow with $60.61 million, followed by Grayscale Mini Bitcoin
For years, crypto has tried to break into the music industry. 3LAU’s Royal, Sound.xyz, and Stage have showcased how blockchain could give fans new ways to support artists, collect digital music, and participate in cultural moments. But despite the early excitement, none of these platforms has managed to reshape the industry’s core infrastructure or reach
The longer-than-expected US federal government shutdown has led to the cancellation of the October employment report, a key indicator for interest rate decisions. It was also announced that the November employment report, previously scheduled for December 5th, will now be released on December 16th. The Bureau of Labor Statistics (BLS), part of the U.S. Department
B. Riley cut its outlook for digital-asset treasury companies (Datcos) after a sell-off that outpaced the declines in bitcoin BTC$91,780.32, ether ETH$3,016.25 and solana SOL$141.55 themselves. The companies’ valuations have compressed meaningfully since October, dragged down by macro pressures that have slowed token accumulation, the report said. Bitcoin-focused treasury companies are down roughly 37%, ETH