The Daily: Polymarket considers token launch, Celestia Foundation raises $100 million, Waters calls for 'grand bargain on stablecoins' and more

Polymarket is considering a token launch to raise over $50 million for its Polygon-based decentralized predictions platform, The Information reported, citing anonymous sources.The Celestia Foundation, the organization behind the modular blockchain network, has raised $100 million in a funding round led by Bain Capital Crypto.Rep. Maxine Waters said she wants to reach a “grand bargain on stablecoins” by the end of 2024, hoping to conclude two years of legislative negotiations.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.