October 10th and the Flight of the Chinese Tea Money
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NYSE Parent ICE Invests in OKX at $25 Billion Valuation
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Wall Street has arrived, and so far, they are not buying our bags, just the biggest infrastructure pieces. ICE will secure a seat on OKX’s board as part of the agreement. The question of how value accrues to tokens remains unanswered.
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Nasdaq Seeks SEC Approval to Launch Prediction-Style Index Options
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Now that the financialization of everything is the driving force behind the US economy, the major financial infrastructure firms are fully committed to making sure everyone can speculate on absolutely everything. These products will essentially be binary-style derivatives available on U.S. options markets.
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FAQ What caused the October 10, 2025 crypto crash?A new theory suggests a crackdown on Chinese underground banking “tea money” may have drained liquidity and amplified the market’s largest liquidation event. Why did ICE invest in crypto exchange OKX?The NYSE parent invested at a $25B valuation to accelerate tokenized stocks, derivatives, and deeper integration between Wall Street and crypto markets. When does Arthur Hayes say it’s a good time to buy bitcoin?Hayes argues the best buying opportunity may come after the Federal Reserve cuts rates or prints money in response to geopolitical conflict spending. Why does Fed chair nominee Kevin Warsh matter for crypto?Warsh has described bitcoin as an important asset for policymakers, signaling a potentially more crypto-friendly approach at the Federal Reserve.
