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Prediction market Polymarket is pursuing new funding that could boost its valuation to $10 billion, as Business Insider reported on Sept. 12.
Two people with knowledge of the matter said the valuation discussions represent at least a threefold increase from the $1 billion Polymarket achieved in a funding round that closed this summer.
According to one source, at least one investor offered a term...
Gemini made a strong entrance on Wall Street on Sept. 12, with its stock price surging over 50% within the intial hours of their first day of trading on the Nasdaq.
The stock, listed under the symbol GEMI, opened at $28 per share and quickly advanced in the opening hours.
Prices briefly touched $40 before settling near $33 by midafternoon, leaving Gemini with a market capitalization of roughly $1...
Stablecoin issuer Circle appears set to deepen its role in decentralized finance by preparing a native launch of USD Coin (USDC) on Hyperliquid’s Layer 1 chain, HyperEVM.
On Sept. 12, blockchain researcher MLM Blockchain flagged test transactions involving USDC on HyperEVM’s mainnet, suggesting that a native deployment could roll out in the coming weeks.
Adding to speculation, the same wallet...
Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income.
DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%.
The comparison positions the DeFi platform ahead of one of the world’s largest stock...
Tether has unveiled USAT, a new stablecoin product for the US market, according to a Sept. 12 statement.
Alongside the announcement, the company confirmed that Bo Hines will become the CEO-designate for the USAT stablecoin.
Hines described his appointment as an opportunity to reinforce America’s influence in global finance by launching a stablecoin rooted in transparency and compliance.
What is...
WisdomTree has unveiled a tokenized investment vehicle to bring private credit directly onto blockchain rails.
The WisdomTree Private Credit and Alternative Income Digital Fund (CRDT) launched Sept. 12 on Ethereum and Stellar blockchains. It will be available to investors through the company’s Prime and Connect platforms.
WisdomTree’s CRDT
According to the statement, the fund’s performance...
Polymarket has launched a new integration with Chainlink that upgrades how its prediction markets are priced and settled, according to a Sept. 12 statement shared with CryptoSlate.
The rollout connects Chainlink’s oracle infrastructure to Polymarket’s platform on Polygon mainnet, giving traders access to faster, tamper-resistant data feeds and automated settlement tools.
The system pairs...
Tokenized U.S. Treasuries on public blockchains hold $7.42 billion as of September 12, 2025, with large vehicles concentratedon Ethereum-linked issuance tracked by RWA.xyz.
Fidelity’s new OnChain share class adds another institutional line to that base. The Fidelity Treasury Digital Fund’s OnChain Class, recorded on Ethereum as the Fidelity Digital Interest Token, shows about $203.7 million...
Crypto protocols raised $1.9 billion in August, down 30% from July’s $2.67 billion, according to DefiLlama data.
Despite the monthly drop, August numbers for raises from venture capital funds align with the numbers recorded in July, with $600 million captured from PUMP’s public sale last month.
DeFi protocols dominated August funding with multiple major raises, including Portal’s $50 million...
Aave, the largest decentralized lending protocol, has proposed reducing its exposure to governance risks within the Ethereum layer-2 network, Scroll’s ecosystem.
The initiative, submitted on Sept. 11 by the Aave Chan Initiative (ACI), comes amid mounting instability in Scroll’s decentralized governance model.
The proposal outlines several defensive measures to protect Aave’s users and liquidity...