Newsletter Subject

Polymarket’s Launching a Token Now? 🤨

From

coinmarketcap.com

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spotlight@newsletters.coinmarketcap.com

Sent On

Tue, Sep 24, 2024 11:10 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRo1SMvP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPW93bHg3eGtleWJoaFcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 24 Sep 2024 11:05 UTC You know those days when you check the charts and you feel like watching paint dry would be more interesting? Yeah, we're having one of those. While some are wringing their hands over Ethereum's future, muttering about other layer 1s potentially stealing the show, there's an interesting little tidbit that might perk up the ears of ETH holders. See, behind the scenes, Ethereum's burn rate is quietly ticking up. It's not exactly front-page news, but it's the kind of detail that could make things interesting down the line. This isn’t going to turn the market on its head overnight. But in a space where a single tweet can sometimes spark a craze, it's worth keeping an eye on these under-the-radar developments. Speaking of developments, we've got a whole bunch of news to unpack today. From prediction markets gearing up for big moves to US politicians siding with crypto, there's no shortage of action. Here's your TLDR for today's crypto news: - Polymarket's raising $50M and might launch a token. [Who](~/AAQRxQA~/RgRo1SMvP0RzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcG9seW1hcmtldC1leWVzLWRvbGxhcjUwbS1mdW5kaW5nLXBvdGVudGlhbC10b2tlbi1sYXVuY2g_bGlkPXJ3OTh2cmlwMm40MFcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) will be able to claim this token? 🧐 - Celestia's TIA token jumps 17.5% after a $100M investment. Is this the [start](~/AAQRxQA~/RgRo1SMvP0R9aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2VsZXN0aWEtZm91bmRhdGlvbi1yYWlzZXMtZG9sbGFyMTAwLW1pbGxpb24tdGlhLWJvdW5jZXMtMTdwZXJjZW50P2xpZD0wczJzNDZxZ3hnb3lXA3NwY0IKZuovnvJm8751I1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) of a sustainable climb? 📈 - Hong Kong's expanding its e-HKD+ pilot with 21 financial institutions. [Which](~/AAQRxQA~/RgRo1SMvP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaG9uZy1rb25nLWV4cGFuZHMtZGlnaXRhbC1jdXJyZW5jeS1wcm9qZWN0LXRvLTIxLWZpbmFuY2lhbC1pbnN0aXR1dGlvbnM_bGlkPWJ1ZmR1MGY0YjFweFcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) institutions are getting involved? 🏦 - Over 40 GOP members are challenging the SEC's crypto custody rule. What [sparked](~/AAQRxQA~/RgRo1SMvP0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdXMtcmVwdWJsaWNhbnMtdW5pdGUtdG8tb3Bwb3NlLXNlY3MtY3J5cHRvLWN1c3RvZHktcnVsZS1jYWxsaW5nLWZvci1pdHMtcmVwZWFsP2xpZD1sMG5keGVheGhtN3lXA3NwY0IKZuovnvJm8751I1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) this heated debate? 🏛️ - Chinese Bitcoin miners are still dominating despite the ban. But [how](~/AAQRxQA~/RgRo1SMvP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hpbmVzZS1iaXRjb2luLW1pbmVycy1yZXRhaW4tNTVwZXJjZW50LW9mLWJpdGNvaW4taGFzaHJhdGUtZGVzcGl0ZS1iYW4_bGlkPWxyZjI0ODhqcG5ubVcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) is it possible? 🤔 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.23T ▲0.39% (24h) 24H MARKET VOLUME $68.75B ▼3.98% (24h) BITCOIN’S DOMINANCE 56.24% ▼0.17% (24h) FEAR & GREED INDEX 51 Neutral [Bitcoin] Bitcoin $63,463.14 ▼0.06% (24h) [Ethereum] Ethereum $2,646.41 ▼0.11% (24h) [BNB] BNB $603.19 ▲1.9% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRo1SMvP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTJnN3g2M25ydXpxeFcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRo1SMvP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9MHZlcnkzNGpzYWJqVwNzcGNCCmbqL57yZvO-dSNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRo1SMvP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD0wcG8yZnMxaTh1Z3RXA3NwY0IKZuovnvJm8751I1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRo1SMvP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWo0MnEzNXkzejBqblcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [TOAD] [TOAD](~/AAQRxQA~/RgRo1SMvP0QwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RvYWQtdG9rZW4vVwNzcGNCCmbqL57yZvO-dSNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲3150.02% [Wegie] [Wegie](~/AAQRxQA~/RgRo1SMvP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲980.83% [ClearDAO] [ClearDAO](~/AAQRxQA~/RgRo1SMvP0QuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2NsZWFyZGFvL1cDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲623.06% TOP LOSERS 24H% [Beers] [Beers](~/AAQRxQA~/RgRo1SMvP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2JlZXJzL1cDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼99.97% [HARRIS DOGS] [HARRIS DOGS](~/AAQRxQA~/RgRo1SMvP0QxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2hhcnJpcy1kb2dzL1cDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼99.66% [GameStop Coin] [GameStop Coin](~/AAQRxQA~/RgRo1SMvP0Q2aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2dhbWVzdG9wY29pbi1uZXQvVwNzcGNCCmbqL57yZvO-dSNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼98.48%   Polymarket’s $50M Raise Polymarket, the prediction market darling, is gearing up for a major move. They're eyeing a $50 million funding round and might launch a token. Investors in this round aren't just getting shares; they're getting token warrants. It's a golden ticket to buy tokens if Polymarket decides to mint them. Polymarket has already bagged $25 million in a Series A and $45 million in a Series B, with Ethereum's Vitalik Buterin joining in too. Why all the buzz? Read the [full story](~/AAQRxQA~/RgRo1SMvP0RzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcG9seW1hcmtldC1leWVzLWRvbGxhcjUwbS1mdW5kaW5nLXBvdGVudGlhbC10b2tlbi1sYXVuY2g_bGlkPXFtdHBwMGk0MjJ5eFcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   TIA Token Surges Celestia just hit the jackpot. The modular blockchain network's foundation bagged $100 million in its latest investment round. The market's reaction? TIA, Celestia's native token, shot up 17.5% in 24 hours, hitting $6.42. But how did it score such a huge investment? Read the [full story](~/AAQRxQA~/RgRo1SMvP0R9aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2VsZXN0aWEtZm91bmRhdGlvbi1yYWlzZXMtZG9sbGFyMTAwLW1pbGxpb24tdGlhLWJvdW5jZXMtMTdwZXJjZW50P2xpZD02b29xZHgxbGhzNnhXA3NwY0IKZuovnvJm8751I1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [Is Your Crypto Project the Next Big Thing?](~/AAQRxQA~/RgRo1SMvP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9ldmVudHMvY21jLWxhYnM_bGlkPWRkYmJuNDZpaGpqblcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Think your crypto project has potential? CoinMarketCap's accelerator could launch you onto the global stage. [Apply Now](~/AAQRxQA~/RgRo1SMvP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9ldmVudHMvY21jLWxhYnM_bGlkPXBhaXE5dXA2czN4OVcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   And Something About Hong Kong's Digital Dollar Hong Kong's diving deeper into the digital currency pool with Project e-HKD+. The Hong Kong Monetary Authority's expanding its CBDC pilot, and it's bringing 21 financial institutions along for the ride. The new phase is set to run for a year in a sandbox environment. It's like a financial playground where banks can test out new toys without breaking anything in the real world. What's on the menu? Settlement of tokenized assets, programmability, and offline payments. But which institutions are going for it? Read the [full story](~/AAQRxQA~/RgRo1SMvP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaG9uZy1rb25nLWV4cGFuZHMtZGlnaXRhbC1jdXJyZW5jeS1wcm9qZWN0LXRvLTIxLWZpbmFuY2lhbC1pbnN0aXR1dGlvbnM_bGlkPXhoZTZhazVwYWtwc1cDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   40+ Republicans Take on SEC's Rule The GOP's drawing a line in the sand over crypto custody. More than 40 Republicans are calling for the SEC to ditch its controversial Staff Accounting Bulletin No. 121. This isn't just a few disgruntled politicians. We're talking about House Financial Services Committee Chairman Patrick McHenry and Senator Cynthia Lummis leading the charge. They've penned a letter to SEC Chair Gary Gensler that's practically sizzling with frustration. What's got them so riled up? SAB 121 treats crypto custody by SEC reporting companies as a liability. In the GOP's eyes, that's like slapping a "danger" sticker on financial innovation and consumer protection. Why is the SEC facing so much heat all of a sudden? Read the [full story](~/AAQRxQA~/RgRo1SMvP0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdXMtcmVwdWJsaWNhbnMtdW5pdGUtdG8tb3Bwb3NlLXNlY3MtY3J5cHRvLWN1c3RvZHktcnVsZS1jYWxsaW5nLWZvci1pdHMtcmVwZWFsP2xpZD14b3F4a2VvejUwd3ZXA3NwY0IKZuovnvJm8751I1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   CMC NARRATIVE: SOLANA Solana hits record 5 million daily active addresses despite sluggish price. Magic Eden splits into U.S. and international platforms, sparking user concerns. Phantom wallet users are not a fan of the 0.85% swap fee, igniting debate. [CMC NARRATIVE: SOLANA](~/AAQRxQA~/RgRo1SMvP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtc2luZ2Fwb3JlLXNsaW5nLWZvci10aGUtbW9vbi1pbmNvbWluZz9saWQ9NThjcmJ0ODZpY2FsVwNzcGNCCmbqL57yZvO-dSNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) Jupiter's TVL surges +46% in 30 days, boosted by $jupSOL inclusion. DRiP secures $8M seed funding, aiming to revolutionize NFT space...[Continue Reading.](~/AAQRxQA~/RgRo1SMvP0RvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtc2luZ2Fwb3JlLXNsaW5nLWZvci10aGUtbW9vbi1pbmNvbWluZz9saWQ9ZncwcDNhMGgwMXptVwNzcGNCCmbqL57yZvO-dSNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Track the larger Solana trends on CMC Narratives: [Track Narrative](~/AAQRxQA~/RgRo1SMvP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L3NvbGFuYS1lY29zeXN0ZW0_bGlkPWFhZ3c0bWNzNTUwclcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   China's Crypto Paradox Here's a surprising development: Chinese Bitcoin miners are still dominating, even with a nationwide crypto ban in place. Ki Young Ju from CryptoQuant reveals that Chinese mining pools are responsible for 55% of Bitcoin's hashrate, while U.S. pools manage about 40%. This is particularly noteworthy given China's complete ban on mining and Bitcoin trading in 2021. But how is it possible? Read the [full story](~/AAQRxQA~/RgRo1SMvP0SCaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2hpbmVzZS1iaXRjb2luLW1pbmVycy1yZXRhaW4tNTVwZXJjZW50LW9mLWJpdGNvaW4taGFzaHJhdGUtZGVzcGl0ZS1iYW4_bGlkPTB3ZjU3NWV2Z2hiY1cDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   And that's it for today. See you tomorrow!   [Apple Store](~/AAQRxQA~/RgRo1SMvP0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRo1SMvP0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZuovnvJm8751I1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRo1SMvP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZuovnvJm8751I1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRo1SMvP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRo1SMvP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRo1SMvP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCmbqL57yZvO-dSNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRo1SMvP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpm6i-e8mbzvnUjUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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