Happy Tuesday! In today's Daily, Polymarket considers launching a token, the Celestia Foundation raises $100 million, Rep. Maxine Waters calls for a "grand bargain on stablecoins" and more.
Meanwhile, analysts see bitcoin poised for a breakout in Q4 as institutional demand and innovation fuel a crypto surge.
Let's get started.
Polymarket is considering a token launch to raise over $50 million for its Polygon-based decentralized predictions platform, The Information reported, citing anonymous sources.
The Celestia Foundation, the organization behind the modular blockchain network, has raised $100 million in a funding round led by Bain Capital Crypto.
Top Democrat of the House Financial Services Committee Maxine Waters said she wants to reach a "grand bargain on stablecoins" by the end of 2024, hoping to conclude two years of legislative negotiations.
Ark Invest offloaded 44,609 of its own ARKB spot Bitcoin ETF shares on Monday, worth $2.8 million, as the investment firm rebalanced the weightings of its Next Generation Internet (ARKW) fund.
Reflecting on the Barron's Advisor 100 Summit in Palm Beach, Florida, last week, Bitwise CIO Matt Hougan noted that more top financial advisors are allocating to crypto in their personal portfolios, with about 70% owning bitcoin compared to 10% to 20% in previous years.
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