CryptoInvestment

Polymarket is reportedly seeking about US$1 billion from investors at a valuation exceeding US$20 billion.

Dinari launched tokenised versions of all S&P 500 stocks, giving eligible US investors blockchain-based access to about 500 companies.

BlackRock launched 12 tokenised share classes covering European money market funds managing US$311 billion.

BNY partnered with Galaxy Digital to offer crypto staking through BNY’s institutional digital asset custody platform.

NEAR Protocol (CRYPTO:NEAR) co-founder Illia Polosukhin proposed a 30 million NEAR sovereign fund worth about US$57 million.

Strategy sold 1,638 Bitcoin (CRYPTO:BTC) for US$104.7 million, reducing its holdings to 842,138 BTC.

Ripple made strategic investments in UK-based Zilo and Licuido to expand tokenised financial assets on the XRP Ledger (CRYPTO:XRP).

PayPal processed US$486.4 billion in second-quarter payments while expanding its stablecoin strategy around PayPal USD (CRYPTO:PYUSD).

Quantum Solutions has sold 1,000 Ethereum (CRYPTO:ETH) as it redirects capital towards expanding its artificial intelligence business.

Empery Digital said it will invest US$20 million in AI data centre developer Cardinal Data Centers.

Coinbase Global plans to expand its Singapore workforce by 25% over the next year as it increases investment in the country's digital asset sector.

ARK Invest CEO Cathie Wood said SpaceX is her favourite investment, ahead of Bitcoin (CRYPTO:BTC).