Day: October 7, 2025

SharpLink’s ETH Treasury Nears $1B in Unrealized Gains

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SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion. On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it initiated its accumulation strategy on June 2.  Strategic ETH Reserve data shows that SharpLink holds 838,730 ETH on its balance sheet, worth around $3.93 billion at current prices. This makes the company one of the largest holders of ETH, with 0.69% of the asset’s…

NYSE Parent Invests $2B In Polymarket At 9B Valuation

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Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has invested $2 billion in cryptocurrency-based prediction market Polymarket. According to a Tuesday Polymarket X post, the ICE invested $2 billion in the prediction market. The deal values Polymarket at a $9 billion post-money valuation. Source: Polymarket ICE’s NYSE is the world’s largest stock exchange by market capitalization, exceeding $25 trillion as of July 2024. Its interest is the latest move that fuses the United States’ traditional financial landscape with the cryptocurrency industry. Polymarket is a crypto-powered…

Jeff Park Rejects Tudor Jones’ 1999 Comparison

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Jeff Park, chief investment officer at ProCap BTC and an advisor to Bitwise, pushed back against Paul Tudor Jones’ latest warning that markets “feel exactly like 1999,” arguing that the macro regime of 2025 is structurally different from the dot-com era and, crucially, more supportive of Bitcoin. Park’s commentary followed Jones’ interview on CNBC, where the billionaire trader said the setup resembles the late-cycle blow-off that preceded the tech crash, even as he continued to praise Bitcoin as an asset with high appeal. Bitcoin Will Thrive, Not Crash In a…

DOGE Adds Cardinals Node — Is 3,700% Rally Ahead?

Key Notes Dogecoin launched the Cardinals Index Node, boosting decentralization and speed. The upgrade adds near smart contract-like functionality to Dogecoin’s main chain. Analyst Dima Potts predicts a 37x (3,700%) rally to $11.71 by late 2025. The Dogecoin ecosystem took a major leap with the debut of the Cardinals Index Node, a powerful addition that allows anyone to run a full node and validate on-chain transactions. The new feature enhances the network’s distributed ledger by enabling faster, easier data indexing, with speeds reportedly reaching 500 milliseconds, resulting in a more…

Fasset Becomes First Stablecoin Islamic Bank in Malaysia

Key Notes Malaysia grants Fasset approval to offer full-service digital banking within a regulated Islamic fintech sandbox. Fasset is now the world’s first stablecoin-powered Islamic digital bank. The platform plans to expand its products and services in the coming months. . Global crypto investment platform, Fasset, has received approval from Malaysia to launch full-service digital banking services within a regulated Islamic fintech sandbox. The approval makes Fasset the world’s first stablecoin-powered Islamic digital bank. Fasset currently serves over 500,000 users across 125 countries, aiming to close the long-standing gap in…

Streamex Stock Jumps on Gold-Backed Stablecoin Launch

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Streamex Corp. saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10. The GLDY token offers exposure to physical gold bullion with yield paid in ounces of gold, targeting institutional investors, the company announced on Monday. The stablecoin is part of Streamex’s broader mission to tokenize real-world commodities through digital instruments. “The launch of GLDY represents a major evolution…

Smarter Web Adds to Bitcoin Holdings, Now Holds 2,550 BTC

Key Notes As part of “The 10 Year Plan,” Smarter Web has acquired 25 Bitcoin. Currently, its total Bitcoin holdings are pegged at 2,550 BTC. The company is replicating Strategy’s consistent approach to acquiring Bitcoin. The Smarter Web Company, a London-listed technology firm, has made a massive purchase of 25 Bitcoin BTC $124 348 24h volatility: 0.4% Market cap: $2.48 T Vol. 24h: $67.78 B . The purchase is part of a 10-year plan and has now led to an expansion of the firm’s Bitcoin holdings. As of Oct. 6,…