Weekly Recap: ICE Invests Another $600M in Polymarket

The Defiant··3 min read
Crypto/Web3FinanceTechnology
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AI Summary

ICE (NYSE parent company) completed its nearly $2 billion investment in Polymarket with a $600M cash injection, while Bitcoin dropped below $66K amid $443M in liquidations. The CLARITY Act draft bans stablecoin yield payments, and Sky-backed incubator Obex began deploying $1B in USDS across eight projects including Maple and Centrifuge.

Key Facts

ICE completed its $2B bet on Polymarket with a final $600M cash injection, cementing prediction markets as institutional asset class.
Bitcoin dropped below $66K with $443M in long liquidations amid escalating U.S.-Iran tensions and broader market risk-off sentiment.
Sky-backed Obex began deploying $1B in USDS across eight DeFi projects including Maple and Centrifuge for real-world asset exposure.

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