Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, Polymarket is reportedly set for a $200 million raise that would value it at $1 billion, New York City mayor Eric Adams criticized former New York Governor Andrew Cuomo for harming the state’s crypto industry, Japan proposed classifying crypto as financial products, potentially allowing for exchange-traded funds (ETFs) and a flat 20% capital gains tax.

Blockchain prediction market platform Polymarket is finalizing a $200 million raise that would value the company at approximately $1 billion, according to reports by Reuters and Bloomberg, citing people familiar with the matter.

Billionaire entrepreneur Peter Thiel’s Founders Fund is set to lead Polymarket’s funding round, which would give the company “unicorn” status despite its ban in the US. The platform had reportedly previously raised over $100 million, including an undisclosed $50 million investment earlier in 2025.

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