Intercontinental Exchange Inc. (NYSE:ICE) traded higher Tuesday after the New York Stock Exchange owner unveiled a strategic investment in Polymarket, the event-probability and prediction market platform.Intercontinental Exchange said it will commit up to $2 billion to Polymarket in a cash deal that implies an approximately $8 billion pre-investment valuation.The deal connects one of traditional finance’s largest market-infrastructure operators to a fast-growing venue where traders buy and sell outcomes tie ...

Kent Nishimura / Bloomberg via Getty Images Polymarket, which is partnering with New York Stock Exchange owner ICE, was founded by Shayne Coplan in 2020. KEY TAKEAWAYS New York Stock Exchange owner Intercontinental Exchange said it is investing up to $2 billion in Polymarket in a deal valuing the crypto-based prediction marketplace at around $8 billion. ICE said it will distribute Polymarket’s event-driven data and will partner with the prediction market on tokenization initiatives. New York Stock E ...

On Oct. 7, the Intercontinental Exchange, Inc. (NYSE:ICE), the parent company of the New York Stock Exchange, announced a strategic investment of up to $2 billion in the crypto-based prediction market Polymarket. Launched in 2020, the New York City-headquartered Polymarket is the world’s largest prediction market. It lets traders predict events like future Bitcoin price, election results, government shutdown, Federal Reserve policy, etc., by paying with cryptocurrency. Related: What is Crypto? Cryptocurre ...

Core Insights - Zeta Network Group has entered a strategic partnership with SOLV Foundation to enhance its position as a Bitcoin-focused digital asset finance company [1][4] - The collaboration aims to manage and optimize Bitcoin holdings through a regulated third-party custodian, ensuring transparency and security [2][4] - The partnership will promote SolvBTC adoption across multiple blockchain platforms and develop new decentralized finance models [2][3] Partnership Details - Zeta Network will utilize SOLV's platform, which has a total value locked (TVL) of $2.5 billion, to enhance its Bitcoin treasury strategy [1][4] - A joint steering committee will be established to facilitate the adoption of SolvBTC and explore innovative financial products [2][3] - The collaboration includes joint research on Bitcoin utilization, staking, and structured finance strategies [3] Strategic Goals - The partnership aims to provide institutional-grade exposure to Bitcoin within a regulated framework, adhering to SEC and Nasdaq requirements [4] - The CEOs of both companies highlighted the transformative nature of the partnership, emphasizing optimized yields and compliance in cross-chain liquidity [4] Market Reaction - Following the announcement, ZNB shares experienced a significant increase of 204.22%, trading at $5.050 in premarket [5]

On-Chain Integration - BNB Chain integrates Chainlink [1] - Official U.S economic data now streams onchain [1] DeFi Implications - Integration powers DeFi, prediction markets, and inflation-linked tokens [1]

If you were an investor who got burned during the SPAC craze of 2020 and 2021, I wouldn’t blame you for swearing off special purpose acquisition company deals forever. In the wake of Covid-19 stimulus payments, eager retail investors, and the zero-rate environment, SPAC deals became an increasingly popular way to take a company public and raise a lot of money. But there were plenty of misses. For every deal that turned into a stable company—such as DraftKings (DKNG) and SoFi Technologies (SOFI)—there were ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- The family office of U.S. hedge fund veteran Jim Pallotta is expanding its bets on decentralized finance as private investment firms for the ultra-wealthy boost investments in digital assets. Pallotta’s Raptor Group is a major backer of a second fund being raised by a namesake venture firm that’s focused on new technologies including blockchain, according to a person with knowledg ...

(Bloomberg) -- The family office of U.S. hedge fund veteran Jim Pallotta is expanding its bets on decentralized finance as private investment firms for the ultra-wealthy boost investments in digital assets.Pallotta’s Raptor Group is a major backer of a second fund being raised by a namesake venture firm that’s focused on new technologies including blockchain, according to a person with knowledge of the matter.Raptor Digital is looking to gather $200 million from family offices and institutional firms for th ...

RT BSCN (@BSCNews)BNB CHAIN INTEGRATES CHAINLINK DATA STANDARD TO BRING U.S. ECONOMIC DATA ONCHAIN- @BNBChain, one of the largest blockchain ecosystems with a broad global user and developer base, has adopted the @Chainlink data standard to make the U.S. Department of Commerce data available onchain.- This development introduces official economic information into the blockchain space, marking a new phase for data transparency and practical application in decentralized finance (DeFi) and prediction markets.K ...

Core Viewpoint - NextGen Digital Platforms Inc. is proceeding with a non-brokered private placement to raise up to $2,000,000 by offering 5,000,000 units at $0.40 each, with each unit consisting of one common share and one half of a warrant [1][2]. Group 1: Offering Details - The offering consists of up to 5,000,000 units priced at $0.40 per unit, aiming for gross proceeds of up to $2,000,000 [1]. - Each unit includes one common share and one half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.60 for 24 months [2]. - The warrants have an accelerated expiry provision, where if the closing price exceeds $0.90 for ten consecutive trading days, the expiry will be shortened to 30 days [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for corporate development, marketing, and general working capital [4]. Group 3: Company Strategy and Market Position - The CEO of NextGen emphasizes the importance of accelerating growth in the context of rising digital assets and artificial intelligence, highlighting opportunities in the Bittensor ecosystem [5]. - The company aims to bridge web3, digital assets, and capital markets, focusing on AI applications such as language processing and predictive analytics [5]. - NextGen Digital Platforms Inc. is positioned as a fintech and digital asset company, committed to innovative financial structures and regulatory compliance [7].