The Breakdown ICE Invests $2 Billion in Polymarket
18 snips
Oct 9, 2025 A major financial player just injected $2 billion into Polymarket, hinting at a seismic shift in crypto finance. The discussion covers Bitcoin's recent dip and its impact on market sentiment. Additionally, new developments like S&P’s crypto-stock index and BNY Mellon’s tokenized deposits are explored. Christine Lagarde’s dismissal of Bitcoin's value adds a compelling twist, igniting debates across social media and the finance world.
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Shallow Bitcoin Pullback
- Bitcoin corrected about 4.2% after failing to sustain a run at new all-time highs, dipping to roughly $120.6k before rebounding.
- Futures open interest and funding rates barely moved, so the pullback looks shallow and not yet a trend change.
Institutional Flows Drive Momentum
- Institutional flows look mixed: BlackRock-led flows dominated while other products' flows fell to zero on Tuesday.
- Sustained institutional participation will be critical for extending Bitcoin's rally higher.
ICE's Big Bet On Polymarket
- ICE's $2 billion investment values Polymarket at $9 billion and signals a major institutional bet on crypto-native markets.
- This deal bridges legacy exchange credibility with decentralized prediction-market innovation.
