Polymarket was once a niche crypto platform. Now, the startup is moving into the ranks of mainstream finance thanks to a $2 billion investment from trading giant Intercontinental Exchange. Under the terms of the deal, announced on Tuesday, the investment will value the company at $9 billion, and the parent company of the New York Stock Exchange will distribute the prediction market’s data. The two companies will also work together on tokenization initiatives, or the act of putting financial assets into bl ...

S&P Dow Jones Indices, a division of S&P Global, plans to launch a new hybrid index that blends traditional equity markets with digital assets, offering a fresh option for investors looking to navigate the fast-changing crypto sector, the company announced Tuesday. The S&P Digital Markets 50 Index will track 35 publicly traded companies involved in crypto infrastructure, blockchain applications and financial services, alongside 15 cryptocurrencies drawn from S&P’s existing Broad Digital Market Index. The ...

token unlock. Photo by BeInCrypto The crypto market is looking green for the coming few days as the US Government Shutdown is expected to continue. This could continue driving Bitcoin and altcoins’ prices up, which in turn could draw fresh capital from new investors. BeInCrypto has analysed three such altcoins that show potential to make gains in the coming few days. SPX6900 (SPX) SPX is trading at $1.62, maintaining its position above the crucial $1.58 support level. The altcoin has surged nearly 62% o ...

(Bloomberg) -- Galaxy Digital Inc. is courting everyday investors with a new banking platform that is being led by Zac Prince, the co-founder and former chief executive of BlockFi Inc., a retail-focused wealth management platform that filed for bankruptcy after the collapse of cryptocurrency exchange FTX.  BlockFi was one of many digital-asset firms that failed during the 2022 crypto crash. The company rose to prominence by offering BlockFi Interest Accounts promising as much as 9.5% returns by lending cl ...

Hong Kong-listed company China Financial Leasing Group (2312) says it plan to raise around 86.5 million Hong Kong dollars ($11.1 million), from which it will build a cryptocurrency investment platform. China Financial will raise the capital through a new share subscription, issuing over 69 million new shares at a price of 1.25 Hong Kong dollars each, according to a filing with the Hong Kong Stock Exchange. Approximately 94% of the net proceeds from the raise will be used for investment in securities of ...

Core Insights - The Trump administration is considering significant tariff reductions for major automobile producers in the U.S. if they produce or assemble their cars domestically, which could benefit the U.S. advanced manufacturing and automotive industries [2][3] - For Faraday Future (FF), this potential policy change could enhance pricing flexibility and profitability for the FX Super One and bolster confidence in the U.S. automotive industry, positively impacting capital market perceptions [3] - FF has finalized the U.S. production assembly plan for the FX Super One, with component supply set to commence, aiming for the first U.S.-version rollout by year-end [4][9] - The FX Super One is undergoing testing and validation in both the U.S. and UAE, with a launch in the UAE scheduled for October 28 and deliveries starting in November [6] - FF showcased the FF 91 and FX Super One at WETEX 2025 in the Middle East, receiving positive feedback and interest from UAE royal families and government officials, marking progress in the company's strategic initiatives in the region [7] - FF successfully closed a strategic investment of $30 million in Nasdaq-listed QLGN, reflecting a nearly 140% unrealized gain based on the closing price at the time of the transaction [9][11] - The company has recently strengthened its leadership team with new appointments in legal affairs, capital markets communication, and financial management [10] Production and Development - The finalized U.S. production assembly plan for the FX Super One is a critical milestone that will impact vehicle delivery costs and operational efficiency [4][9] - The component supply system for the FX Super One has reached initial completion, indicating progress in the execution of the Bridge Strategy [5] - Ongoing testing and validation of the FX Super One in the U.S. and UAE are crucial for ensuring readiness for the upcoming launches [6] Strategic Investments and Market Position - The investment in QLGN is part of FF's broader strategy to engage in the cryptocurrency and Web3 sectors, with plans for rebranding and launching new products under the CXC10 name [11] - The company's Dual Flywheel & Dual Bridge Eco-Strategy aims to integrate financial and mobility ecosystems, potentially unlocking greater value creation [12] Safety and Future Plans - A recent fire incident at one of FF's satellite office buildings highlighted the need for improved safety measures, prompting the company to enhance its fire prevention efforts [13] - Looking ahead, FF will focus on the production readiness of the FX Super One in the U.S. and preparations for deliveries in the UAE [14]

Crypto adoption is surging in Japan, and newer players are locking in. Nomura Holdings, Japan’s largest investment bank and brokerage firm, is looking to expand its role in Japan’s growing crypto market. Its wholly owned crypto subsidiary, Laser Digital, is now working with Japan’s Financial Services Agency (FSA) to get approval for offering crypto trading services to big investors in the country. An article by Bloomberg, dated 3 October 2025, highlighted Laser Digital CEO, Jez Mohideen’s comment that th ...

Coinbase Predicts Altcoin Season as Q3 2025 Approaches. Photo by BeInCrypto Coinbase, the largest US-based exchange, has filed an application with the Office of the Comptroller of the Currency (OCC) for a National Trust Charter (NTC). The move represents a significant step toward deepening its integration into the US financial system. In an October 3 announcement, Coinbase described the NTC as a natural extension of its institutional custody business, which already secures billions of dollars in client as ...

blast created crypto's first employment blacklist. funds spending $1m+ each on forensics firms to track every ex-blast employee across the industry. linkedin histories, github commits, email domains all being mapped. working there for 3 months in 2024 now career poison. pacman built the first protocol that requires background checks to trade around ...

Robert Sasu, a core developer in the MultiversX Foundation, has posted a governance proposal presented at an official MultiversX Foundation event on October 3, “The Foundry,” related to the project’s economic model. Amid a series of topics discussed in the proposal, the removal of EGLD’s supply cap jumps to the eyes as it breaks multi-year promises made by the Foundation itself. MultiversX, formerly known as Elrond, announced its rebrand in November 2022 at the xDay event in Paris, according to Coinspeake ...