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Quick take: The company has completed an initial open market purchase of 678,353 Injective (INJ) tokens valued at about $8.9 million. All tokens will be deployed for staking at an expected annual yield of about 12.75%, Pineapple said on Tuesday. The company plans to become the largest INJ holder and staker, following its $100 million September 2025 private placement dedicated to the treasury. Pineapple Financial Inc. (NYSEAmerican: PAPL) has launched its crypto treasury strategy with an $8.9 million INJ open market purchase. The purchase follows the Toronto-based Fintech’s $100 million private placement announced in September, intended to fund an Injective…

The index will track both digital assets and publicly traded crypto-linked companies. S&P Global (NYSE: SPGI) announced on Tuesday, Oct. 7 that it is expanding its crypto index offerings with the launch of a new benchmark that tracks both cryptocurrencies and traditional stocks tied to the crypto industry.Called the S&P Digital Markets 50 Index, the benchmark will include 35 publicly traded companies involved in blockchain, digital asset operations and infrastructure, and fintech, along with 15 major cryptocurrencies, according to a press release. The index was developed by S&P Dow Jones Indices in partnership with Dinari, a company that specializes in…

Bitcoin’s latest push through record levels has left short-term holder (STH) whales sitting on their fattest paper profits of the cycle of about $10.1 billion, according to CryptoQuant data.These are entities holding more than 1,000 BTC that only entered the market in the past five months — the so-called “weak hands” of the cohort who usually fold first when volatility spikes.(CryptoQuant) The unrealized profit tally is the highest this cycle, a swing that reflects how quickly fortunes can change in bitcoin. Just weeks ago, late September’s dip left this same group underwater. Now, thanks to ETF inflows, a U.S. shutdown…

Intercontinental Exchange (ICE) invested $2 billion into Polymarket at a $9 billion post-money valuation, CEO Shayne Coplan announced on Oct. 7.The deal represents the most significant single investment in prediction markets and positions the sector as crypto’s emerging battleground as institutional capital seeks on-chain infrastructure with real-world utility.ICE is the owner of the New York Stock Exchange and the world’s largest exchange company.Lynn Martin, president of NYSE, celebrated the partnership in a post before the opening bell. She said that the partnership will “help bring prediction markets into the financial mainstream.”Beyond the investmentCoplan described the partnership as “a major step…

NYSE-listed company CleanCore Solutions has added over 710 million Dogecoin to its balance sheet, edging closer to its target of 1 billion Dogecoin.“CleanCore’s Treasury includes total Dogecoin Holdings of over 710 million, with over $20 million in unrealized gains, and sufficient cash to keep acquiring Dogecoin supported by the partnership of Bitstamp by Robinhood,” CleanCore Solutions said in a statement on Tuesday.Dogecoin (DOGE) is trading at 24.5 cents, valuing the company’s holdings at approximately $173.92 million, according to CoinMarketCap. CleanCore said it raised about $175 million before expenses through a private placement on Sept. 5.CleanCore shows concern over mNAVThe company…

Bitcoin topped $126,000 on Monday.Exchange-traded funds are leading the buying.BlackRock’s IBIT has nearly $100 billion in assets under management.There’s no stopping Bitcoin’s price — or BlackRock. On Monday, the top crypto hit a fresh price record of $126,080 just as BlackRock’s IBIT exchange-traded fund became the asset manager’s most profitable ETF. It’s an extraordinary feat for a fund that’s barely two years old. “IBIT, a hair away from $100 billion, is now the most profitable ETF for BlackRock by a good amount,” noted Bloomberg Intelligence ETF expert Eric Balchunas on X. “Check out the ages of the rest of the…

Galaxy Digital predicts that tokenized assets could grow by more than 5,600% in five years, driven by strong institutional interest.Mike Novogratz’s crypto firm Galaxy Digital sees a bright future ahead for tokenized assets.In a recent research report, “The Investable Universe 2.0,” the New York-based firm projects that tokenized assets could reach a $1.9 trillion market capitalization by 2030 under its base scenario, a 5,622% increase from their current $33 billion valuation, and as much as $3.8 trillion if adoption accelerates.Source: Galaxy, Bain, McKinsey, and BCGIn the report, Galaxy Digital explained that the valuation growth can be attributed to strong institutional…

Bitcoin BTC$122,473.38 and gold (XAU) have diverged over the past 24 hours, with BTC likely feeling pressure from a strengthening dollar index.The leading cryptocurrency by market value has dropped 2.4% to $121,340, after failing to break through key resistance above $126,000 early this week, according to CoinDesk data. The Coindesk 20 Index has declined over 4% to 4,186 points.The decline comes as the dollar index, which tracks the greenback’s exchange rate against a basket of fiat currencies, rose to 98.90, the highest level since Aug. 5. Strength in the DXY typically weighs on USD-denominated assets, such as BTC and gold.…

BNB, the native token of Binance’s BNB Chain, has reclaimed the spotlight after soaring to a new all-time high, cementing its position as the world’s third-largest crypto by market capitalization.Data from CryptoSlate shows that BNB reached a record high of $1,335 on Oct. 7, before slightly retracing to around $1,306 as of press time.The token has remained up more than 6% in the past 24 hours, making it one of the market’s top performers during the day. Over the past week, BNB has gained nearly 30%, extending its monthly rally to roughly 50%.That surge allowed BNB to overtake XRP in…

Shares in Bitcoin miner IREN and treasury company Kindly MD have closed with losses on Tuesday after each announced multimillion-dollar convertible note deals amid a slowdown in venture capital activity in the crypto sector. Shares in IREN (IREN) finished Tuesday’s trading session with a gain of 6.81% but dropped 4.9% after the bell to trade at $58.66 following the company’s announcement of an $875 million convertible senior note offering.Healthcare company Kindly MD, which merged with David Bailey’s Bitcoin firm Nakamoto, also said on Tuesday that it opted into a $250 million 5-year convertible note deal with fintech company Antalpha, which…