Polymarket seeks $1b, Cronos reverses $75m hack, Bitcoin ETFs draw $731m | Weekly recap

In this week’s edition of the weekly recap, Polymarket pursued a $1 billion funding round at a proposed $21 billion valuation, while Cronos reversed its blockchain after a $75 million exploit. U.S. spot Bitcoin ETFs also posted their strongest daily inflow since January as BTC briefly crossed $82,000. Summary Polymarket’s planned $1 billion round would value the prediction market platform at $21 billion. Cronos validators reversed the blockchain after a Tectonic exploit affected about $75 million in assets. U.S. spot Bitcoin ETFs recorded $730.8 million in net inflows on Sept. 3. FinCEN linked $12.7 billion in transactions to Southeast Asian crypto investment scams. The National Sheriffs’ Association withdrew its opposition to the CLARITY Act before a Senate vote. Polymarket seeks $1 billion at $21 billion valuation Donald Trump Jr.’s 1789 Capital agreed to lead a planned $1 billion Polymarket funding round with an investment of roughly $300 million. The transaction would value the prediction market platform at $21 billion, up from nearly $15 billion. The planned investment would bring 1789 Capital’s disclosed Polymarket commitments to about $500 million. Polymarket returned to the...