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.
Crypto business news — institutional moves, funding rounds, payments, partnerships, and country-level adoption.
An 8x step-up in nine months points to a prediction-market category that institutions are no longer treating as a niche experiment.
The Deribit purchase vaulted Coinbase into the dominant global derivatives seat overnight, and management is already telling investors the pipeline is open for the next one.
The Wall Street Journal tied the exchange to wallets linked to Iran's central bank and to the $1.5B Bybit hack, escalating a sanctions-evasion case that now names a venue, a central bank, and North…
The phrasing lands as a campaign-style reset to a risk-on posture, with rate-cut expectations, a softer dollar, and pro-crypto regulatory tailwinds already priced into US equity and BTC positioning.
The platform's public leverage tape lets anyone watch high-conviction blow-ups in real time, and the cascade is starting to drive its own short-term setups.
The prediction treats SpaceX's pullback to $156 as a base rather than a breakdown, but the model's own bear case concedes the stock already prices in enormous expectations.
An estimated one in five miners is now unprofitable at current BTC prices, and the stress is propagating to the network itself.
The memory leader's revenue print underscores how AI infrastructure demand is pulling HBM and DRAM pricing into a different cycle than the rest of semis.
Kalshi and Polymarket already cleared a category worth $130B+ in annual volume; Meta's edge is 3.56 billion daily users, yet its Reality Labs burn and Libra collapse mean the same scale that makes…
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.
Brian Armstrong used a POLITICO slot to argue crypto has gone bipartisan in Washington, framing digital assets as the answer to fees, delays, and unequal access.
The same week EthLabs launched with 50+ ecosystem backers, the EF cut deeply, and the loudest voices calling it bullish came from a Solana co-founder and Ethereum's own co-founders.
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.
A House Financial Services hearing put the Fed's new direct-access proposal on the hot seat, with lawmakers warning that giving crypto firms a line to the central bank carries systemic and…
The May $1.5B convertible buyback drained the reserve backing STRC dividends, forcing MSTR share sales to rebuild liquidity. CryptoQuant says coverage collapsed from seven years to 14 months.
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.
Hayes frames a future AI-driven crash as the trigger that forces central banks to restart liquidity printing, which he argues would reset Bitcoin's path toward $1M.
Nvidia alone tops crypto's total market cap by more than 2x, underscoring how concentrated equity value still sits in a handful of AI-era names.
The withdrawal lands nine days before MiCA's hard deadline, and the regulators who tracked the bid list the same reasons every other jurisdiction will be reading for: prior legal entanglements and…