Author: admin

The crypto rally took a pause on Tuesday with bitcoin BTC$121,509.34 quickly pulling back from record highs above $126,000 as analysts pointed to signs of crypto rally overheating, at least in the short run.BTC plunged below $122,000, erasing the past three days of gains and trading 2.4% lower in the 24 hours. The selloff rippled across the crypto market, with XRP$2.8543, DOGE$0.2452, ADA$0.8149 and AVAX$30.68 down 5%-7% during the period.If the price action in bitcoin appears familiar, that’s because it is. Despite a 31% gain year-to-date, bitcoin has given bulls very little chance to bask in their wins. Each record…

CleanCore Solutions (ZONE) now holds over 710 million DOGE$0.2452 tokens in its crypto treasury, with more than $20 million in unrealized gains, according to a Tuesday press release.The company continues with its goal of acquiring 1 billion DOGE. Launched just a month ago, the initiative is backed by the Dogecoin Foundation and coordinated through its corporate arm, House of Doge.CleanCore has been acquiring DOGE in phases since September 5 using proceeds from a $175 million private placement.“Our Treasury strategy is closely aligned with the long-term vision of insiders and the House of Doge, which emphasizes expanding utility as a catalyst…

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…

The partnership makes Intercontinental Exchange a global distributor of Polymarket data.Intercontinental Exchange (NYSE: ICE), the owner of the New York Stock Exchange, announced on Tuesday a strategic investment in Polymarket, a decentralized prediction market platform.ICE will invest up to $2 billion, valuing Polymarket at roughly $8 billion pre-investment, according to a press release. As part of the deal, ICE will become a global distributor of Polymarket’s data, providing institutional investors with access to insights on market sentiment. The two companies also plan to work together on tokenization projects in the future, the release noted. This comes at a time when…

NEW YORK — The Securities and Exchange Commission is still looking to formalize an “innovation exemption” for companies to build on digital assets and other innovative technologies in the U.S., potentially as soon as the end of the quarter, said agency Chair Paul Atkins.While acknowledging that the current government shutdown had “hamstrung” the SEC’s ability to make progress on rulemaking, Atkins said working on this exemption is still his priority for the end of the year or the first quarter of 2026, he said at a Futures and Derivatives Law Report event hosted by the law firm Katten Muchin Rosenman…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.A7A5’s appearance at the recent Token2049 conference wasn’t in contravention of Singaporean law, despite being backed by a sanctioned Russian bank, highlighting the limits of the city-state’s sanctions regime, which applies only to licensed financial firms.A7A5’s ruble-based stablecoin is backed by Russia’s state-owned Promsvyazbank (PSB), an entity sanctioned by the Monetary Authority of Singapore (MAS) as well as…