Kalshi eyes $40B valuation in fresh capital round
An 8x step-up in nine months points to a prediction-market category that institutions are no longer treating as a niche experiment.
Funding rounds, seed and Series raises, project token sales, grants, and bankruptcy events.
An 8x step-up in nine months points to a prediction-market category that institutions are no longer treating as a niche experiment.
The jump from $22B to a reported $40B in a single funding cycle reflects prediction markets' shift from niche crypto rails to a sports-betting volume machine that has nearly 4x'd year-over-year.
A successful Q3 close would push Kalshi's valuation lead over crypto-native Polymarket to roughly 2.7x, while CEO Tarek Mansour floats an IPO no earlier than 2027.
The memecoin launchpad is dangling a top-of-market package as it faces live lawsuits and a widening US regulatory net around livestreams and token rewards.
A stealth API layer sits between fintechs and DeFi protocols, letting wallets and asset managers offer yield products without building their own onchain plumbing.
The raise pairs a TradFi heavyweight with a crypto-native lead, and lands at the exact moment institutional capital needs clean onchain data to deploy.
The raise, led by Kraken's parent, lands as prediction markets are being repriced on the back of Kalshi's $22B valuation and a flood of sports-betting liquidity into the segment.
DOGE still holds an $11.8B market cap and a top-11 slot, but a sideways grind without a fresh catalyst and Musk's social ignition absent leaves the chart with a downside bias.
SlowMist's founder reads the on-chain fund flows and lands on a higher number than the project's own preliminary estimate, and a single bad wallet generator is what opened the door.
Roughly 54 roles are going as the Foundation reorganizes around the Mandate and a new Treasury Management Policy, signaling a narrower execution focus at the top of Ethereum's core org.
The Foundation is collapsing its old pods into five protocol-facing clusters plus an ops arm, a structural reset that lands as ETH trades under macro and competitive pressure.
Institutions are paying for clean blockchain data: Allium's Series B lands with Visa and the U.S. Federal Reserve already on its client roster, and the round sizes up a market most retail investors…
The new lab frames itself around the settlement-layer thesis and is taking on protocol R&D that has historically sat with the Ethereum Foundation and a handful of client teams.
Prediction markets are still mostly a US story; a Pantera-led round into a regulated-event-contract venue targeting the region is a structural bet that the format crosses borders next.
The new nonprofit surfaces as the Ethereum Foundation loses researchers and absorbs mounting public criticism, framing the next phase of Ethereum development outside its original steward.
Five veteran EF contributors spin out an independent research outfit backed by Bitmine, SharpLink, Lubin, Anchorage, Octant and SNZ, with protocol economics and settlement efficiency at the top of…
Founded by ex-dYdX staff, Fomo is bridging crypto perps into tokenized stocks and derivatives, a bet that onchain trading infrastructure can outgrow the crypto-only TAM.
The headline is the valuation step, but the real signal is who is writing the checks: Index Ventures, a generalist that usually backs consumer software, betting that onchain trading becomes a…
Seed capital still chases AI, yet late-stage rounds are 12.6x larger, a sign that conviction is concentrating in fewer, more mature bets.
Bitcoin is flat to slightly red on the week, the Fear & Greed Index is pinned at 20, and a fresh wave of bridge and protocol exploits has pushed June's hack count above 20.