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Here’s what happened in crypto today

On October 23, 2023, Bitcoin experienced a notable price surge, climbing above $35,000 for the first time in several months, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, with its price rising alongside Bitcoin, as the overall cryptocurrency market capitalization reached a new high. Major exchanges reported increased trading volumes, indicating heightened activity among investors. Additionally, regulatory developments in several countries are fostering a more favorable environment for digital assets. Overall, the day marked a significant uptick in the crypto market, reflecting growing confidence among traders and investors.

Read the full article: Coin Telegraph

NYSE Parent Company Finalizes Polymarket Investment, Totaling $1.6 Billion

The parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), has completed a significant investment in the prediction market platform Polymarket, amounting to $1.6 billion. This investment aims to enhance ICE's presence in the growing digital asset space and leverage Polymarket's innovative approach

Kalshi secures license to offer margin trading to institutional investors

Kalshi has received regulatory approval to offer margin trading services specifically for institutional investors. This new license allows the company to enhance its trading platform by enabling participants to leverage their positions. The move is expected to attract more institutional capital into the cryptocurrency market. Kalshi aims to provide a

Why GameStop Put $315 Million in Bitcoin Into a Covered Call Options Strategy

GameStop has invested $315 million in Bitcoin as part of a covered call options strategy, aiming to generate additional income from its cryptocurrency holdings. This move aligns with the company's broader strategy to diversify its revenue streams beyond traditional retail operations. By utilizing covered calls, GameStop can potentially

Washington sues Kalshi as states ramp up legal pressure against prediction markets

Washington state has filed a lawsuit against Kalshi, a prediction market platform, alleging that it operates as an unregistered exchange. This legal action is part of a broader trend, as multiple states increase scrutiny and regulatory pressure on prediction markets. The lawsuit claims that Kalshi's operations violate state

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NYSE Parent Company Finalizes Polymarket Investment, Totaling $1.6 Billion

Kalshi secures license to offer margin trading to institutional investors

Why GameStop Put $315 Million in Bitcoin Into a Covered Call Options Strategy

Washington sues Kalshi as states ramp up legal pressure against prediction markets