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.
Every crypto post from the last 24 hours.
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 only other time BTC traded below its 200-week moving average was the FTX collapse. Now Strategy's MSTR sits below $100, a Cardano wallet exploit is draining users, and the Senate's Clarity Act is…
The largest 30-day redemption streak in spot BTC ETF history landed during a price slide, with Fidelity and BlackRock funds leading the exit and institutions framing it as sentiment, not a structural…
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.
The split is structural, not a lull: Solana's Leader schedule can't guarantee cancellations ahead of fills, so market makers widen perps while spot spreads tighten to near-CEX levels.
The model leans on Alpenglow throughput gains, $1B+ in spot SOL ETF inflows, and Western Union's stablecoin integration, but a $60–$70 retrace stays on the table if DeFi TVL and memecoin fees don't…
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…
A 35% annual drawdown puts Bitcoin on track for one of its worst calendar-year performances since 2018, with the move reflecting broad deleveraging rather than any single catalyst.
Crowdsourced prediction markets are pricing a sub-$55K Bitcoin print as a near-base-case outcome, a level roughly 40% below current spot and one that would unwind the post-ETF rally thesis.