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Techub News reports that Andrew Cuomo, a board member of OKX and former governor of New York, stated in an interview with Bloomberg that current U.S. cryptocurrency regulations rely on temporary rules from agencies like the SEC rather than legislation. He pointed out that if the Democratic Party wins control of Congress in the midterm elections, these agency rules could be overturned, as the new Congress could challenge them. Cuomo said that election-year politics led to the rejection of the CLARITY Act in the Senate with a vote of 49 to 50, failing to reach the 60 votes needed for advancement. He hopes the lame-duck Congress (post-election session) will pass the bill, otherwise he hopes it will be submitted for consideration before January 1. Cuomo believes that the Democratic Party is not inherently opposed to cryptocurrency, as he supervised the introduction of New York's BitLicense in 2015. However, he also criticized the cryptocurrency industry for failing to organize tens of millions of American users to support the bill. (BeInCrypto)
Techub News reports that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has announced the completion of a $600 million direct cash investment in Polymarket. This investment is part of Polymarket's equity financing plan. ICE also plans to purchase up to $40 million worth of Polymarket shares from certain existing holders.
Techub News reports, according to Business Wire, Intercontinental Exchange (ICE) has officially launched a series of cryptocurrency futures contracts based on CoinDesk indices. The series includes CoinDesk 20 Index futures, CoinDesk 5 Index futures, and single-currency futures for Bitcoin, Ethereum, Solana, XRP, and BNB. All contracts are USD-denominated and cash-settled. Currently, over $400 billion in assets track the relevant CoinDesk indices, with the CoinDesk 20 Index employing a capped market capitalization weighting method, covering over 90% of the digital asset market, and the total size of linked products exceeding $16 billion. ICE also plans to launch a one-month CDOR USDC futures contract based on the CoinDesk Overnight Rate, subject to regulatory approval, to track the overnight rate in the decentralized finance market.
Techub News reports, according to the official website of Intercontinental Exchange, ICE has officially launched CoinDesk BNB futures contracts. The contract size is 50 times the CoinDesk BNB benchmark price, with a minimum price fluctuation of $0.5/BNB (contract value $25). Trading hours are from Monday to Friday, 20:00 to 18:00 the next day (Hong Kong Time, opening at 18:00 on Sunday evening); the last trading day is the last Friday of the expiry month at 16:00 (00:00 the next day Hong Kong Time), with final cash settlement based on the CoinDesk BNB benchmark London settlement price.
Techub News, The Wall Street Journal cited sources as reporting that the New York Stock Exchange (NYSE) parent company Intercontinental Exchange (ICE) is close to reaching an agreement to invest $20 billion in Polymarket. The investment is expected to value Polymarket between $80 billion and $100 billion.
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