1confirmation Founder: Expanded beyond its seed-stage investment scope to add to its Polymarket stake, arguing the claim that "tokens are dead" is unfounded.
1confirmation founder Nick Tomaino published a post stating that his firm has participated in every previous financing round of Polymarket and will continue to increase its investment in the platform. Tomaino noted that as a seed-stage fund, 1confirmation does not typically invest in later-stage rounds, but this time it chose to break its own rule.
His reasoning includes: People have used real money to voice their stances on political, cultural and other issues for over a century. In the AI era, the biggest challenge facing young people is discerning what is real. Products that can turn trading and investment enthusiasm into better information and more truth are unique. Polymarket is far more than a sports prediction platform, nor merely a global product. While the U.S. market currently has high enthusiasm for sports events, better sports predictions are not the most sustainable part of the prediction market; political, geopolitical and cultural information and truth are the core reason for its existence. Most young people who have interacted in real life believe Polymarket stands alone in this regard.
Tomaino also stated that the “token is dead” narrative is unfounded. Polymarket founder Shayne Coplan has an extremely strong competitive drive, and is straightforward, transparent and authentic.
9 minutes ago
Anthropic's mega IPO is reportedly oversubscribed several times.
According to market sources, Anthropic’s blockbuster IPO is reported to have been oversubscribed several times over. Yesterday, Anthropic officials announced that the company plans to reach a valuation of around $1 trillion in its IPO, and is targeting a fully diluted valuation of $1.4 trillion for the offering. The company is expected to set its IPO price next Wednesday, with trading set to commence the following Thursday.
9 minutes ago
OKXICE plans to launch its tokenized securities platform on November 23, and has confirmed 70 tokenized assets.
OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced their joint venture OKXICE will officially launch its Tokenized Securities Venue (TSV) on November 23, becoming one of the first projects to roll out under the U.S. Securities and Exchange Commission’s (SEC) five-year "innovation exemption" framework. OKXICE has confirmed 70 tokenized assets, including those from issuers such as Coinbase, Circle, and Robinhood, as well as 59 ETFs. U.S. users must use its CeDeFi wallet and complete onboarding to trade. However, OKXICE is facing strong pushback from traditional industry giants. As of November 5, 67 companies including Meta, Tesla, Netflix, and Costco have exercised their exemption rights, explicitly refusing to tokenize and trade their stocks on OKXICE. Some firms (such as Applied Optoelectronics) worry tokenization will cause investor confusion over their involvement and impact stock prices and liquidity. Additionally, Nasdaq has publicly opposed the exemption framework. Its chief legal officer noted that allowing tokenized securities to trade outside regulated National Market Systems (NMS) would undermine market data and transparency frameworks and could lead to market fragmentation. In response, Nasdaq has decided to exclude its own stocks from the venue.
9 minutes ago
Hong Kong police dismantle cross-border money laundering syndicate: Over HK$150 million laundered in 3 months, 22 arrested.
Hong Kong police have dismantled a cross-border money laundering syndicate that laundered over HK$150 million in criminal proceeds between August and October this year, arresting 22 people. The Criminal Investigation Department of the New Territories North Regional Headquarters launched a two-day operation codenamed "Thunder Web" starting November 10, searching a guesthouse, a subdivided flat, and a shop disguised as a virtual currency over-the-counter (OTC) trading platform.
Police said the syndicate recruited mainland Chinese nationals to open dummy accounts in Hong Kong, then arranged personnel to withdraw cash from ATMs using bank cards distributed by the group. The cash was sent to the aforementioned shop, where masterminds laundered the funds via virtual currency transactions and other methods.
Among the 22 arrested, 21 are male and 1 female, aged 21 to 54: two are local residents, and 20 are mainland Chinese holding two-way permits. Investigations found two local core members controlled the money laundering hub; one mainland "runner" was responsible for recruiting cash withdrawers, distributing bank cards, and collecting/transporting cash; another 19 mainland members acted as account-opening brokers, cash withdrawers, and dummy account holders.
Police seized over 1,600 bank ATM cards, approximately HK$5.85 million in cash, and more than 200 mobile phones.
9 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
