BTC Crash, CZ Pardon & NYSE’s Polymarket Bet

BTC Crash, CZ Pardon & NYSE’s Polymarket Bet

BTC Crash, CZ Pardon & NYSE’s Polymarket Bet

Stay in the loop with the latest crypto moves with StealthEX and CryptoDaily. Each week, we highlight the events that actually matter in the crypto space. No fluff. No confusion. Just clear updates that help you understand what’s happening right now. Want to know which projects are gaining attention or what trends could shape the market next? We break it all down in a simple and engaging way, so you never fall behind. Ready to dive in? Let’s begin!

Bitcoin Crash, CZ Pardon & NYSE's Polymarket Bet

Bitcoin Crash Turns Into Fast Recovery as Market Regains Confidence

The crypto market witnessed one of its most dramatic days after Donald Trump announced a 100% tariff on China. Bitcoin plunged over $15,000 in just a few hours, triggering chaos across exchanges. More than $19 billion in positions were liquidated, marking the largest wipeout in crypto history. Traders who tried to catch the first drop were wiped out again as the price continued to sink without mercy.

Bitcoin briefly fell below $105,000, causing panic and fear to flood the market. Social media was full of calls for an even deeper crash, and many expected a long period of uncertainty. However, sentiment changed faster than expected. By Monday, Bitcoin had already bounced back to around $115,400, recovering $10,000 in value and signaling strong demand at lower levels.

Trump stepped back from his aggressive tone and posted on Truth Social that “it will all be fine,” which calmed investors. Stock markets reacted positively as S&P 500 and Nasdaq futures started climbing. Technical traders also noted that Bitcoin formed an ascending wedge, pointing toward potential upside momentum.

The question now is not whether the crash happened, but whether the worst is already behind us. The speed of this recovery suggests buyers were waiting for an opportunity, and confidence may be returning sooner than anyone expected.

Luxembourg Breaks New Ground With Sovereign Bitcoin Investment

Luxembourg has taken a historic step by becoming the first Eurozone country to invest sovereign wealth into Bitcoin ETFs. The nation’s Intergenerational Sovereign Wealth Fund allocated 1% of its $888 million portfolio to Bitcoin and other crypto assets, signaling a long-term belief in digital finance. The move equals roughly $9 million and reflects a shift from caution to strategic diversification.

Finance Minister Gilles Roth presented the decision during the 2026 budget session, highlighting the growing maturity of crypto markets. Treasury Director Bob Kieffer explained that Bitcoin exposure was taken through ETFs to reduce risk and comply with regulations. Direct crypto holdings are still seen as risky, but the fund is allowed to invest up to 15% of assets in alternative markets, including digital assets.

Officials acknowledged that the 1% allocation may seem conservative, yet they emphasized it sends a clear message about Bitcoin’s long-term role in global finance. Luxembourg had previously labeled crypto companies as high risk, making this pivot even more significant.

The decision follows similar moves by major institutions worldwide. Norway’s sovereign wealth fund increased its indirect Bitcoin exposure by 192%. The Czech National Bank boosted its Coinbase holdings, and Sweden is considering a Bitcoin reserve.

With the United States, China, and other nations already holding BTC, Luxembourg is ensuring it won’t be left behind. This marks a new era where even traditional financial hubs are embracing digital assets as part of their national strategy.


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Roger Ver Pays $48M to Settle Tax Case as Trump Era Eases Crypto Pressure

Crypto pioneer Roger Ver has reached a deal with the US Department of Justice to resolve his long-running tax evasion case. Ver, known as “Bitcoin Jesus” for giving away BTC in its early days, agreed to pay $48 million to end the charges. He was arrested in Spain in 2024 after prosecutors claimed he failed to report gains from Bitcoin sales in 2017.

The case alleged Ver owed taxes on BTC held by US corporations under his control. Despite renouncing US citizenship in 2014, authorities pursued him aggressively. Under the Trump administration, multiple crypto-related lawsuits have been dropped, and industry figures have received pardons.

Ver previously campaigned for a pardon and received public support from Silk Road founder Ross Ulbricht. Trump already pardoned Ulbricht, signaling a more forgiving stance toward past crypto offenses. Polymarket bettors even raised the odds of Ver receiving a pardon to 29%.

Ver has been a controversial figure for promoting Bitcoin Cash as the “real Bitcoin,” sparking major debates in the community. Still, he invested heavily in early crypto companies and helped shape the ecosystem.

With the case now settled, Ver may regain influence. The administration continues to replace regulators with crypto-friendly leaders, and the industry is watching closely to see if more high-profile cases will disappear as policy shifts toward innovation over punishment.

Grayscale Becomes First in U.S. to Offer Staking on Ethereum And Solana ETFs

Grayscale has made history by enabling staking on its US-listed Ethereum Trust and Ethereum Mini Trust ETFs. Investors can now earn additional yield while holding ETH exposure, marking a major step forward for institutional crypto adoption. The company also activated staking on its Solana Trust (GSOL), which awaits approval to convert into an ETF and could become one of the first Solana ETPs with staking.

The asset manager called it a “first-mover milestone,” emphasizing how staking aligns with long-term network value growth. By staking assets through custodian and validator partners, Grayscale supports network security while offering passive rewards to investors.

CEO Peter Mintzberg stated that staking showcases Grayscale’s commitment to innovation and delivering real value to ETF holders. The funds operate under the Securities Act of 1933, similar to Bitcoin spot ETFs, allowing them to hold digital assets directly.

The move comes as the industry waits for SEC approval of Ether staking ETFs, which analysts believe could attract significant institutional capital. A similar Solana staking ETF earlier this year saw $33 million in first-day volume.

Staking currently dominates DeFi yields, and bringing it into ETFs could reshape traditional investment products. Grayscale has now positioned itself ahead of competitors, blending regulated finance with native blockchain rewards in a way no other US issuer has done before.

MetaMask Adds Perpetual Trading and Rewards to Build All-In-One Crypto Super App

MetaMask is transforming from a simple crypto wallet into a full trading platform after integrating perpetual futures through Hyperliquid’s DEX. Users can now trade with up to 40x leverage on over 150 tokens directly inside the wallet, without giving up custody of their assets.

This marks a major shift as perpetual futures account for 75% of all crypto volume but were previously dominated by centralized exchanges. With rising demand for self-custody, MetaMask aims to capture this market by offering pro-level trading tools within a familiar interface.

Users can fund accounts using any EVM-compatible blockchain, and the upgraded mobile app improves speed and reduces latency. MetaMask also introduced zero-fee swaps on perpetual contracts.

The launch follows rumors of integration and comes right after announcing MetaMask Rewards, expected to go live by the end of October. The rewards program could boost user growth even further.

Gal Eldar, Global Project Lead at MetaMask, said the goal is to create a full on-chain financial hub where users never need to leave the wallet. This move mirrors the success of centralized exchanges but keeps control in users’ hands.

As decentralized derivatives volumes hit record highs, MetaMask is positioning itself as the first mainstream self-custodial app to offer built-in perps trading at scale. This could redefine how traders access global markets in the next wave of DeFi adoption.

CleanCore Nears 1 Billion DOGE Goal With Massive Treasury Build-Up

Dogecoin treasury firm CleanCore is rapidly accumulating DOGE and has reached 710 million tokens, worth around $188 million. Backed by the Dogecoin Foundation, the company aims to collect 1 billion DOGE and is already at 71% of its target.

The firm raised $175 million in a private placement in September and confirmed it still has enough cash to continue buying. Since launching its treasury strategy, CleanCore has recorded over $20 million in unrealized gains.

CEO Clayton Adams stated that the initiative is not just about holding assets but building long-term utility and governance around Dogecoin. The company plans to support ecosystem development, professional treasury management, and future yield-bearing opportunities.

CleanCore is also working with the SEC to register its private placement shares, reassuring investors about transparency. The Dogecoin Foundation and insiders hold a significant portion of the restricted shares.

Over 200 firms have adopted digital asset treasury strategies, but few provide this level of detail on ownership and regulatory filings. The SEC is reportedly scrutinizing unusual trading activity in the sector.

Despite regulatory pressure, Dogecoin remains one of the most culturally powerful cryptocurrencies. CleanCore’s aggressive accumulation signals confidence in DOGE’s future and could create buying pressure as it moves closer to its 1 billion milestone.

NYSE Parent ICE Bets $2 Billion on Polymarket in Historic Crypto Deal

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is investing $2 billion into prediction market platform Polymarket. The deal values Polymarket at $8 billion and marks one of the largest private investments in crypto history.

ICE will pay in cash and plans to distribute Polymarket’s event-driven data, merging institutional scale with consumer speculation. Prediction markets allow users to bet on outcomes in politics, sports, finance, and entertainment, making them a fast-growing sector.

Polymarket has had a rocky past due to regulatory issues but recently improved relations with US authorities. The Trump administration ended CFTC and DOJ investigations into the platform, and Trump Jr. even joined its advisory board. The company also acquired QCEX, a licensed derivatives exchange, allowing it to relaunch in the US.

ICE CEO Jeffrey Sprecher said combining ICE’s credibility with Polymarket’s innovation will create powerful tools for modern investors. Analysts believe ICE is interested in monetizing sentiment data, which could become extremely valuable.

The investment signals a major shift as Wall Street moves into event-driven markets. With regulatory barriers falling and institutional backing growing, prediction markets may soon become a mainstream financial product. ICE’s entry could be the catalyst that transforms speculation into a regulated asset class.

Ondo Finance Acquires Oasis Pro to Build Regulated Tokenized Securities Market in U.S.

Ondo Finance has completed its acquisition of Oasis Pro, securing a rare combination of SEC-regulated licenses that include broker-dealer, ATS, and transfer agent status. This makes Ondo one of the few firms capable of legally offering tokenized securities in the United States.

The acquisition enables Ondo to build compliant markets for digital versions of stocks and bonds on-chain. Oasis Pro was one of the first to support settlements in both fiat and stablecoins, giving Ondo a strong foundation.

CEO Nathan Allman said the firm now holds “the most comprehensive suite of licenses” to create a transparent and accessible financial system using blockchain. Ondo already manages over $1.6 billion in assets and offers tokenized Treasurys (OUSG) and yield-bearing USDY tokens to non-US investors.

Interest in tokenized equities is growing fast. Major platforms like Robinhood, Coinbase, Kraken, and Nasdaq are also pursuing similar strategies. Analysts predict the tokenized asset market could reach $18 trillion by 2033.

Regulators are beginning to recognize tokenized securities as legitimate. A recent Nasdaq filing confirmed tokenized shares can have equal rights as traditional stocks.

Oasis Pro’s CEO called the merger a strategic combination of talent and infrastructure. With licenses, scale, and demand aligning, Ondo is positioned to become a leader in the tokenized finance revolution.

Trump Considering Pardon for Binance Founder CZ After Crypto Crackdown Reversal

Former Binance CEO Changpeng Zhao may soon receive a presidential pardon from Donald Trump, according to insiders close to the situation. Discussions with the White House have reportedly intensified, raising the possibility of one of the biggest comebacks in crypto history.

Zhao served a four-month prison sentence and paid $4.3 billion in fines after a 2023 money laundering conviction. Despite stepping down as Binance CEO, he remains the company’s largest individual shareholder.

Many in Trump’s circle believe the case against CZ was weak and politically motivated under the previous administration’s crypto crackdown. Trump has already pardoned or dropped cases against several crypto figures and appointed pro-crypto officials to key agencies.

However, the administration is concerned about public perception, given the Trump family’s involvement in digital asset ventures. CZ revealed he previously applied for a pardon but was denied at the time.

A pardon would allow CZ to legally rejoin Binance or take on a leadership role in the industry. Supporters argue he played a crucial role in building the global crypto ecosystem.

SEC Plans “Innovation Exemption” to Boost Crypto and Emerging Tech in the U.S.

The U.S. Securities and Exchange Commission is preparing a new “innovation exemption” that could launch by the end of the year. The framework would allow companies to experiment with digital assets and new technologies with fewer regulatory hurdles.

SEC Chair Paul Atkins said the goal is to attract developers back to the U.S. after years of harsh enforcement drove projects overseas. He emphasized the SEC is shifting from punishment to collaboration and wants to encourage responsible innovation.

The rulemaking may begin in late 2025 or early 2026, depending on the government shutdown. Atkins also praised Congress for progress on crypto laws, including the GENIUS Act, which has already produced stablecoin rules.

The exemption aims to replace the previous “regulation-by-enforcement” model with clear guidance and legal certainty. Industry leaders believe this could trigger major growth in blockchain development.

However, some lawmakers are skeptical about the timeline for broader crypto market structure bills. Still, regulators acknowledge that companies like Visa are already integrating stablecoins at scale, showing mainstream adoption is underway.

If implemented, the innovation exemption could open the door for new business models, tokenization platforms, and financial products. It marks a rare moment where the SEC and Congress appear aligned in bringing crypto innovation back onshore.

SEC Weighs Tokenized Stocks on Crypto Exchanges as Wall Street Eyes Blockchain Trading

The SEC is reviewing a proposal that would allow blockchain-based versions of publicly traded stocks to be listed on regulated crypto exchanges. The idea has sparked major interest across both traditional finance and the crypto industry.

Under the plan, tokenized shares would represent legal ownership of real stocks. All transfers would be recorded on-chain instead of legacy clearing systems. SEC Chair Paul Atkins has publicly supported tokenization, calling it a key financial innovation.

Several major players are already preparing. Nasdaq has requested SEC approval to list tokenized securities. Coinbase is seeking a broker-dealer license to support digital stocks, while Robinhood and Kraken have tested synthetic versions overseas.

The New York Stock Exchange recently met with the SEC’s Crypto Task Force to discuss tokenized equities, confirming institutional momentum. BlackRock even launched a tokenization division earlier this year.

Not everyone is convinced. Citadel Securities warned regulators to avoid “regulatory arbitrage” and insisted tokenized assets must deliver real benefits. Still, global pilot programs show faster settlement, lower costs, and 24/7 trading are possible.

If approved, tokenized stocks could merge traditional markets with blockchain technology, offering a more efficient and accessible system. The world’s largest exchanges are already moving in, and the SEC may soon clear the path for a new era of trading.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

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