Polymarket acquires QCX for $112M to relaunch regulated US operations after regulatory clearance

Daily top performer — Spark (SPK)



The S&P 500 rose 0.06% as markets eyed big tech earnings, despite pressure from weak results and tariff concerns. Gold rose over 0.9% to a 5-week high of $3,433 as falling US yields and EU–US trade deal uncertainty fueled safe-haven demand. The Coindesk Indices, which tracks the broader crypto market, fell 0.16%, with Bitcoin up 2.20% and Ether down 1.44%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is SPK, up 67.8% after Spark announced boosted 4.42% APY via new OP rewards running through 2025.

Spark (SPK), launched in 2023, is a cross-chain DeFi protocol in the Sky ecosystem (formerly MakerDAO), offering yield, borrowing, and lending for stablecoins. It uses the SPK token for governance and utility. Spark is now offering ~76,000 OP tokens per week in rewards, boosting APY to 4.42% with no lockups or gimmicks. The program runs through the end of 2025.



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Talk of the town

Polymarket has acquired derivatives exchange QCX for $112 million, including its CFTC-regulated clearinghouse, marking its official re-entry into the US market as a compliant platform. The move follows the closure of DOJ and CFTC investigations and aims to "bring Polymarket home," according to CEO Shayne Coplan. Polymarket, which saw $1.1 billion in trading volume in June, gained mainstream attention during the 2024 election cycle for accurately predicting Biden’s withdrawal and Trump’s lead. In June, X named Polymarket its official prediction platform, with further integrations planned.



Bitcoin spot ETF flows





Yesterday, BTC spot ETFs saw a net outflow of $68.0M, with $7.5M into GBTC and $75.5M outflow from non-GBTC funds.



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