Intercontinental Exchange

Ornn, an Andreessen Horowitz-backed startup, raised $33 million to create a marketplace for trading AI compute power as a commodity. The initiative aims to make AI development more sustainable by enabling price hedging and benchmarking, with Goldman Sachs projecting $7.6 trillion in global compute investments by 2031. Challenges include compute's non-static nature and lack of storage, but Ornn partners with Bloomberg Terminal and faces potential regulatory futures markets.

Andrew Cuomo will co-chair a joint TradFi-crypto venture between OKX and Intercontinental Exchange. The initiative requires regulatory approvals and Cuomo began collaborating with OKX in 2023.

Intercontinental Exchange and OKX have formed a joint venture to expand access to tokenized equities markets for OKX customers in the U.S. and internationally. The venture is co-chaired by Gov. Cuomo.

Andrew Cuomo will co-chair a joint venture between OKX and Intercontinental Exchange Inc., merging traditional and digital finance markets.

Intercontinental Exchange (ICE) and OKX announced a 50/50 joint venture to connect NYSE infrastructure with OKX's 120 million crypto users, enabling access to ICE futures markets and tokenized equities. The venture, pending regulatory approval, will operate as a U.S.-registered broker-dealer and futures commission merchant, leveraging ICE's market infrastructure and OKX's blockchain technology.

Intercontinental Exchange CEO Jeffrey Sprecher stated that his company and Hyperliquid are mutually learning as crypto perps expand. NYSE's parent company is not alarmed by Hyperliquid's influence and views the situation as an opportunity for collaboration.

OKX has partnered with Intercontinental Exchange (ICE) to launch oil perpetual futures contracts based on ICE's Brent Crude and WTI Crude benchmarks. The partnership comes as ICE, the parent company of the NYSE, is pressuring US regulators to restrict the operations of Hyperliquid, a competing derivatives platform.

OKX has launched perpetual oil futures contracts tied to Intercontinental Exchange benchmarks, marking a competitive move against Hyperliquid in the derivatives trading space. This development reflects increasing competition among cryptocurrency exchanges to offer regulated commodity futures products.

OKX and ICE (Intercontinental Exchange) are launching perpetual oil futures contracts accessible to cryptocurrency users. This initiative aims to bring traditional commodity trading to approximately 120 million crypto users through a blockchain-based platform.

Polymarket is negotiating a $400 million funding round at a $15 billion valuation, following a $2 billion investment from Intercontinental Exchange (NYSE's parent company) in the prediction market firm.

Polymarket is seeking to raise $400 million at a $15 billion valuation, marking an increase from its previous $9 billion valuation in October 2023. The earlier valuation was achieved after Intercontinental Exchange agreed to invest up to $2 billion.