Crypto agenda June 25: Polymarket is becoming Unicorn, political crypto conflict in NYC, ETF and tax reform from Japan
Polymarket reached a valuation of $ 1 billion with a new investment of $ 200 million and gained the status of "Unicorn". NYC Mayor Eric Adams accused former Governor Andrew Cuomo of "ruining" the crypto industry. Japan proposed to re -classify the crypto as a “financial product .. In this way, crypto ETFs will be opened and the tax rate will be fixed to 20 %.
📈 Polymarket receives an investment of 200 million dollars: Valuation reached $ 1 billion
The Blockchain -based prediction platform Polymarket is about to complete a new investment tour of $ 200 million. According to Reuters and Bloomberg sources, this investment will increase the company’s valuation to $ 1 billion and make it a “Unicorn”.
Founders Fund, led by Peter Thiel, is led by the investment tour. Polymarket has previously received more than $ 100 million investment, including an investment of 50 million dollars in the first half of 2025 was reported.
The platform experienced an explosion, especially during the US elections. In November, the transaction volume exceeded $ 2.5 billion. Not just political developments; Sports matches and “will the existence of aliens in 2025 be approved?” such as extraordinary estimates are also traded on the platform.
🗽 Hard criticism from the Mayor of NYC: “Cuomo ruined the crypto”
New York Mayor Eric Adams accused former Governor Andrew Cuomo of harming the state’s crypto industry. Adams, in his speech at the Permissionless conference, said that Cuomo’s regulatory policies “destroy” the sector in 2011-2021.
Cuomo is currently a candidate for NYC Municipality. The Primaries will be held this week and the elections are on November 4th.
Adams follows a line that supports integration into digital assets. When he took office, he received his first three salaries with Bitcoin and Ethereum. In addition, working on projects aimed at paying public services by crypto.
However, due to political pressures, the Bitcoin -supported bond project was rejected by the city auditor Brad Lander by being “legally problematic and financially risky”.
🇯🇵 Japan is preparing to classify the crypto as a “financial product .. The Japanese Financial Services Agency (FSA) presented a suggestion to re -classify crypto assets as “financial products .. If this regulation enters into force:
The legal ground of crypto ETFs will be formed
The taxation system for crypto revenues will be simplified
Currently, up to 55 %, rather than gradual tax, it is envisaged to bring a flat 20 %tax on crypto earnings. This can be a serious incentive for both individual and corporate investors.
The Japanese government sees this step as part of the “new capitalism” strategy. As of January 2025, the country has more than 12 million active crypto accounts and total assets have exceeded $ 34 billion.
According to FSA’s statement, Japanese investors’ interest in crypto has left traditional products such as foreign exchange transactions and corporate bonds. In addition, FSA supports the adoption of this model in Japan, stating that more than 1200 corporate players have invested in Bitcoin ETFs in the USA.
The direction of regulation in crypto markets is no longer just restriction; Configuration and integration -oriented. The rapid valuation of projects such as Polymarket, the debates on regulation intertwined with politics and the comprehensive reform of Japan; It shows that the sector is taken seriously by both global and local actors.