SoSo Crypto Daily | Crypto Market Slides Amid Broad Sell-off; Institutional Engagement and Token-Driven Economy Signal Shifting Landscape

SoSo Crypto Daily | El mercado de criptomonedas se desploma en medio de una venta masiva generalizada; la participación institucional y la economía impulsada por tokens señalan un panorama cambiante

SoSo Crypto Daily | Le marché de la crypto glisse dans un contexte de vente massive ; l'engagement institutionnel et l'économie axée sur les tokens signalent un paysage en mutation

SoSo Crypto Daily | 大規模な売りの中で暗号資産（仮想通貨）市場が低迷。機関投資家の参入とトークン主導型経済が、変化する状況を示唆

SoSo Crypto Daily | Mercado de Cripto Desliza em Meio a Venda Generalizada; Engajamento Institucional e Economia Orientada a Tokens Sinalizam Mudança no Cenário

SoSo Crypto Daily | Крипторынок падает на фоне широкой распродажи; Институциональное взаимодействие и экономика, управляемая токенами, сигнализируют о меняющемся ландшафте

SoSo Crypto Daily | 加密市場短線回撤，BNB市值躍升至第三；標普全球擴充套件加密指數，ICE重磅投資Polymarket，Consensys積極擁抱代幣經濟

SoSo Crypto Günlük | Kripto Para Piyasası Geniş Çaplı Satışlar Nedeniyle Geriliyor; Kurumsal Katılım ve Token Odaklı Ekonomi, Değişen Ortamın Sinyalini Veriyor

SoSo Crypto Daily | Thị trường Crypto trượt dốc trong bối cảnh bán tháo diện rộng; Sự tham gia của các tổ chức và nền kinh tế Token-Driven báo hiệu sự thay đổi bối cảnh

SoSo Crypto Daily | 加密市场短线回撤，BNB市值跃升至第三；标普全球扩展加密指数，ICE重磅投资Polymarket，Consensys积极拥抱代币经济

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="d029d19f-a605-4e2a-ac16-0dbfe9dc64b9"><div class="bn-block" data-node-type="blockContainer" data-id="d029d19f-a605-4e2a-ac16-0dbfe9dc64b9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><em>The crypto market saw a 2.73% drop in total market cap to $4.26 trillion as Bitcoin and Ethereum declined and BNB overtook XRP to become the third-largest cryptocurrency. S&amp;P Global is launching the S&amp;P Digital Markets 50 Index, blending top digital assets and crypto-related equities to provide a comprehensive ecosystem benchmark. The SEC plans rulemaking for its “innovation exemption” by year-end, though regulatory timelines remain uncertain. ICE is investing $2 billion in Polymarket, highlighting increasing institutional involvement in crypto prediction markets. Finally, Consensys is shifting toward a token-driven economy across its products, signaling growing industry adoption of tokenized business models.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="02e5b62f-102c-49f0-a35f-bdbeb4c83786"><div class="bn-block" data-node-type="blockContainer" data-id="02e5b62f-102c-49f0-a35f-bdbeb4c83786"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="f99846a4-5107-4cf0-a830-b81c546287c5"><div class="bn-block" data-node-type="blockContainer" data-id="f99846a4-5107-4cf0-a830-b81c546287c5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

LINEA

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="b2e821d3-770f-43df-95ac-7653f241cc1d"><div class="bn-block" data-node-type="blockContainer" data-id="b2e821d3-770f-43df-95ac-7653f241cc1d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Market Update</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6328d6ae-619b-464f-818b-df3c3b339258"><div class="bn-block" data-node-type="blockContainer" data-id="6328d6ae-619b-464f-818b-df3c3b339258"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The cryptocurrency market experienced a notable pullback over the past 24 hours, with total market capitalization declining by 2.73% to $4.26 trillion. Bitcoin (BTC) fell 2.63%, settling at $121,400, while Ethereum (ETH) dropped 5% to $4,450. Most sectors posted losses exceeding 4%, except for the CeFi segment, which rose 4% on the back of BNB’s strong performance. BNB’s rally propelled its market capitalization past XRP, making it the third-largest cryptocurrency after BTC and ETH. The Layer1 sector limited its losses to under 1%, but overall market sentiment remained bearish.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="48da1d85-8796-4f08-a05b-9e3cd8865a90"><div class="bn-block" data-node-type="blockContainer" data-id="48da1d85-8796-4f08-a05b-9e3cd8865a90"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>S&amp;P Global Expands Crypto Indices with S&amp;P Digital Markets 50 Index</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="071ba29b-200f-4ff0-a896-c34686868475"><div class="bn-block" data-node-type="blockContainer" data-id="071ba29b-200f-4ff0-a896-c34686868475"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">S&amp;P Global (NYSE: SPGI) announced plans to expand its S&amp;P Dow Jones Indices suite to include the S&amp;P Digital Markets 50 Index. This new index, developed in collaboration with leading U.S. tokenized securities provider Dinari, will serve as a benchmark tracking a broad spectrum of companies and digital assets within the crypto ecosystem. The index will combine 35 publicly traded companies involved in digital asset operations, infrastructure, financial services, and blockchain technology with 15 select cryptocurrencies from the S&amp;P Broad Digital Market Index. S&amp;P Global sees this as a step toward providing investors with a more comprehensive measure of crypto ecosystem performance, blending both digital assets and publicly listed crypto-related equities.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="fc64d7bc-c6e2-434b-bfe0-006b3acf597e"><div class="bn-block" data-node-type="blockContainer" data-id="fc64d7bc-c6e2-434b-bfe0-006b3acf597e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>SEC Eyes Innovation Exemption Rulemaking by Year-End</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ebfe2418-60e6-46df-999b-3a5b31fa7b20"><div class="bn-block" data-node-type="blockContainer" data-id="ebfe2418-60e6-46df-999b-3a5b31fa7b20"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">U.S. Securities and Exchange Commission Chairman Paul Atkins revealed that the agency aims to initiate rulemaking around its proposed “innovation exemption” before the end of the year. However, the possibility of a government shutdown could influence whether these rules are finalized before 2026, indicating ongoing regulatory uncertainty for the sector.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5f261766-ad40-4851-9537-d333a41db4ce"><div class="bn-block" data-node-type="blockContainer" data-id="5f261766-ad40-4851-9537-d333a41db4ce"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>ICE Makes Major Strategic Investment in Polymarket</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3c40dfc6-d86d-4f1c-8d65-4f0c018fba7d"><div class="bn-block" data-node-type="blockContainer" data-id="3c40dfc6-d86d-4f1c-8d65-4f0c018fba7d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The Wall Street Journal reported, and Polymarket later confirmed, that Intercontinental Exchange (ICE)—the parent company of the New York Stock Exchange—will make a $2 billion strategic investment in Polymarket at a $9 billion valuation. This move underscores growing institutional interest in crypto-native prediction markets, further integrating traditional finance and crypto infrastructure.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ef37edf6-3016-4ba6-b3a2-d2ad8b41da21"><div class="bn-block" data-node-type="blockContainer" data-id="ef37edf6-3016-4ba6-b3a2-d2ad8b41da21"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Consensys Embraces Token-Driven Economy Across Product Ecosystem</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d2539b0d-f0a0-464b-99da-3345c137461d"><div class="bn-block" data-node-type="blockContainer" data-id="d2539b0d-f0a0-464b-99da-3345c137461d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Joseph Lubin, founder of Consensys and co-founder of Ethereum, stated that a “token-driven economy” will soon be integrated into Consensys’ product suite, including Infura. This marks a clear shift in Consensys’ approach, moving away from previous restraint around token launches. Since the beginning of the year, Consensys has shown increased openness to tokenization across its products—from Linea to MetaMask and now Infura—reflecting a broader industry trend toward embracing tokenized business models.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="db44ed27-3602-4c0d-89de-a556d7382cbe"><div class="bn-block" data-node-type="blockContainer" data-id="db44ed27-3602-4c0d-89de-a556d7382cbe"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2e57638c-7279-4c7d-8f18-e28967f6fb84"><div class="bn-block" data-node-type="blockContainer" data-id="2e57638c-7279-4c7d-8f18-e28967f6fb84"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

Crypto Market Slides Amid Broad Sell-off; Institutional Engagement and Token-Driven Economy Signal Shifting Landscape